Episode 50 of 60 · Financial Literacy: Cash Course
In Sync with Circular Flow
Grades 6th+
Geography — Economics & Financial Literacy · History · Economics · Economics — American History · Government · Economics — Economics & Financial Literacy · Financial Literacy · Geography · Captions
About This Video
Lights, camera… economics! In this high-energy episode of Cash Course, the "Cash Course Boys" break down the circular flow model through music and dance. From banks to businesses to the government, everyone plays a role in the flow of money, goods, and services. Teach your high school students how everything connects in the constantly grooving economy!
Standards Met in Ohio
- 9-12.17Grades 9th, 10th, 11th, 12thInvestment strategies must take several factors into consideration including the time horizon of the investment, the degree of diversification, the investor's risk tolerance, how the assets are selected and allocated, product costs, fees, tax implications and the time value of money.
- 9-12.EFL.7Grades 9th, 10th, 11th, 12thA nation's overall level of economic well-being is determined by the interaction of spending and production decisions made by all households, firms, government agencies and others in the economy. Economic well-being can be assessed by analyzing economic indicators gathered by the government.
- AMH.9-12.19.lp.eGrades 9th, 10th, 11th, 12thMap sequential events of the Great Depression (people use banks for loans and savings, stock market crashes, people lose faith in banks, people request their savings in cash, banks call back loan monies to pay out cash from savings, banks sell all assets to cover cash savings, no money to cover cash payouts, banks begin to fail, people can’t pay their bills because they can’t access their money, people lose assets, businesses fail, workers lose jobs).
- EFL.9-12.3.cGrades 9th, 10th, 11th, 12thDistinguish between goods and services.
- EFL.9-12.7Grades 9th, 10th, 11th, 12thA nation’s overall level of economic well-being is determined by the interaction of spending and production decisions made by all households, firms, government agencies, and others in the economy. Economic well-being can be assessed by analyzing economic indicators gathered by the government.
- EFL.9-12.9.lp.dGrades 9th, 10th, 11th, 12thSort goods and services.
- SS.7.20bGrades 7thDetermine the natural resource used in the production of a given product (e.g., trees used to produce a house).
- SS.7.21bGrades 7thIdentify services that financial institutions provide.