Economics Research Paper

Economics Research Paper

Length: 1460 words (4.2 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Social studies is a huge part of the elementary curriculum. Without social studies, elementary students would have a huge gap in their knowledge content. Economics is responsible for providing a large amount of information to students. For third graders, the North Carolina Department of Public Instruction places economics under goal five. Goal five divides communities and the basic economic principles into seven objectives. The first objective for third grade economics asks for students to understand the definition of scarcity and be able to provide examples. In order to understand scarcity, students must first understand the difference between a want and a need. A want is something that you wish to possess but is not necessary for survival. Some examples of wants include a laptop, a new sofa, or a big-screen television. A need is something that you must have to live. Some examples of needs include water, shelter, and food. Scarcity deals with the fact that, as humans, we have an unlimited number of wants and needs. However, the earth’s resources are limited and that creates an issue. In today’s world, we use a lot of trees for paper, furniture, and wood. Unfortunately, trees are a depleting resource, meaning there is a limited amount of them which results in scarcity. The concept can apply to any object that consumers buy, as well. Let’s say that Toyota is only making five hundred cars that run completely off of battery. Everyone would want one, but there are only five hundred creating the concept of scarcity because there is not enough to go around. The concept of scarcity impacts the production, distribution, and consumption of goods and services. The ability of students to explain its impact is covered under the second...


... middle of paper ...


...letion of “The Communist Manifesto” which told why capitalism would fall and be replaced by socialism. With all the above considered, it is easy to see that economics is an important step in assuring success for the students. It is detrimental to the third grade curriculum.


Works Cited


McEachern, W. (2008). Contemporary economics . Mason, Ohio: Thomson South-Western.

Nc standard course of study. (n.d.). Retrieved from http://www.ncpublicschools.org/curriculum/

Remy, R. (2008). Civics today : citizenship, economics, & you . New York: Glencoe/McGraw-Hill.


Schiller, B. (2011). Essentials of economics . New York: McGraw- Hill.

Sowell, T. (n.d.). Basic economics. Retrieved from http://www.altfeldinc.com/pdfs/BASICECONOMICS.pdf

Three big names in economics. (n.d.). Retrieved from http://www.scribd.com/doc/37183209/Three-Big-Names-in-Economics


Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Economics Research Paper

- Social studies is a huge part of the elementary curriculum. Without social studies, elementary students would have a huge gap in their knowledge content. Economics is responsible for providing a large amount of information to students. For third graders, the North Carolina Department of Public Instruction places economics under goal five. Goal five divides communities and the basic economic principles into seven objectives. The first objective for third grade economics asks for students to understand the definition of scarcity and be able to provide examples....   [tags: Economics]

Powerful Essays
1460 words (4.2 pages)

Essay about Macro-Environmental Analysis

- In analyzing the macro-environment, it is important to identify the factors that might in turn affect a number of vital variables that are likely to influence the organization's supply and demand levels and its costs (Kotter and Schlesinger, 1991; Johnson and Scholes, 1993). The "radical and ongoing changes occurring in society create an uncertain environment and have an impact on the function of the whole organization" (Tsiakkiros, 2002). A number of checklists have been developed as ways of cataloguing the vast number of possible issues that might affect an industry....   [tags: Economics Macro Analysis Research Paper]

Free Essays
1056 words (3 pages)

Essay on Career Research : An Economics With Business Student

- Career research reflection paper Introduction As an Economics with Business student, I hope to pursue a career as a data analyst after completing my degree. Education has been playing an important role in my life since I started my journey in learning, I have always understood the significance of education. I believe it is one of the major factors for my future career development. However, a research published in 2010 by Higher Education Careers Service Unit (HECSU) reveals that to be more employable graduates will also need to have a certain set of skills....   [tags: Economics, Macroeconomics, Employment]

Powerful Essays
1809 words (5.2 pages)

Essay about Classical Economics vs. Keynesian Economics

- My research of Classical Economics and Keynesian Economics has given me the opportunity to form an opinion on this greatly debated topic in economics. After researching this topic in great lengths, I have determined the Keynesian Economics far exceeds greatness for America compared to that of Classical Economics. I will begin my paper by first addressing my understanding of both economic theories, I will then compare and contrast both theories, and end my paper with my opinions on why I believe Keynesian Economics is what is best for America....   [tags: Economics]

Free Essays
1187 words (3.4 pages)

Foreign Politics and Economics: Annotated Bibliography Essay

- Bibliography Easterly, William. “The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good”. New York: The Penguin Press, 2006. Goldwin, Robert A. and Kennedy, John Fitzgerald. “Why Foreign Aid”. Manchester: Ayer Publishing, 1971. Holsti, K. J. “International Politics: A Framework of Analysis”. New Jersey: Prentice-Hall, Inc, 1983. Morgenthau, Hans. “A Political Theory of Foreign Aid.” The American Political Science Review, Vol. 56, No. 2. June, 1962....   [tags: politics, economics, international]

Powerful Essays
601 words (1.7 pages)

Short Note On Economics And Economics Essay

- The discipline I decided to write about was economics. Researching this major was interesting to me because it also happens to be my major. In order to write a well written paper about the major I used technique’s we learned about throughout this course. To be more specific, I used SWAP and RAIDS to aid me in constructing my essay. The subject of this particular essay was economics the major. From the start of the essay I clearly established I was talking about economics and information I found surrounding the major....   [tags: Writing, Essay, Five paragraph essay, Research]

Powerful Essays
781 words (2.2 pages)

Research Paper: Difficulties for Women in Afghanistan

- Difficulties for women in Afghanistan In Afghanistan, there are many differences in the lives of males and females. A child’s life is based around their gender, because gender is an important and prized aspect of a person’s life. Both boys and girls do not live luxurious lives, they are subject to disease, malnutrition and war in Afghanistan. However, while these are similarities among the genders, there are many more differences. Roles in economics, education and childhood are some of the many differences in boys and girls lives in Afghanistan....   [tags: domestic activities, gender roles, inferior]

Powerful Essays
960 words (2.7 pages)

Annotated Bibliography : Infrastructure Economics Essay

- Annotated Bibliography: Infrastructure Economics Clarke, Wes, Adam T. Jones, and Brett Lacy. "Education Spending And Workforce Quality As Determinants Of Economic Growth." Journal Of Rural & Community Development 10.4 (2015): 24-35. Academic Search Premier. Web. 19 July 2016. Mr. Clarke, Jones, and Lacy effectively argued that any economy has a back bone comprised of a workforce; if that workforce is well educated the economy will boom and less instability will arise during economic downturn....   [tags: Economic growth, Economics, Economy]

Powerful Essays
1631 words (4.7 pages)

Economics of a Monopoly Essay

- Economics of a Monopoly Introduction ¡§Monopoly¡¨ is defined by its market power. Monopolies are always known to possess an exclusive control over its particular market and that gives them the sovereign authority to control the prices for its goods or services (Dictionary.com Unabridged (v1.1), 2006). Hence, they represent the market. They indeed have detrimental effects on consumer and social welfare. In this paper, section 1 will focus on the theory and economics of a monopoly. Section 2 will discuss with a recent case of monopoly, as in the web search engine company- Google, whose real repercussion is still not clear to most consumers....   [tags: Economics Monopolies]

Powerful Essays
1501 words (4.3 pages)

Behavioral Economics Essay

- Introduction Described as the economic field that deals with the analysis of the effect that the process of decision making impacts on the decisions reached, behavioral economics is a field that has elicited lots of interest from various scholars (Altman, 24). The economists consider this branch of economics as cognitive science due to the fact that it deals with analysis of the process of decision making. Eric Wanner one of the earlier founders of the discipline describes this economic field as a component of cognitive science in his attempt to explain the basis and the characteristic analysis of the discipline in terms of strengths and weaknesses....   [tags: Neo-economists, Labor Market]

Powerful Essays
1293 words (3.7 pages)