ECONOMIC CONTENT

What could go wrong with pushing China too far, right?

Everyone agrees that this is a time for deep political thought, for people to react and take action. People ARE actually voting! Changes can be made! We have all become oh too aware, that – for example – the decisions of some country folk in a different land (the main people responsible for Trump being in power) can […]

What comes first, the money or the person?

When you
think about this title, what comes to mind?  Consumerism perhaps? Following your
dreams?  Never better said:  don’t get fooled by the title!  Such a lovely topic:  money. 
Well – it turns out that this study came up with some results that I
found to be extremely valid, obvious and quite frankly – surprising at the same
time.

So – skim through
this article and […]

Brexit, gambling and the possible benefits for Spain

It seems that the world has gone mad… politics is just going – crazy! No matter what “side” you are on, no matter what conversation it is – there is no denying it.  So – when I come across a little gem like this article – full forward.  The original title varies, it speaks of the complexity of the […]

Brexit – explained

Brexit is an oncoming reality.  Have you thought more as a Spanish person, or more on what that would mean to the British person?  There are quite a few Spanish people working and living there, or vice-versa, British living in Spain.  What does this all mean to them?

Many comments I’ve heard have to do with “whose fault it was”… […]

Elderly couple wins big and the reaction is priceless

This is the “million dollar question”… and it’s great for level testing in English, so, I’ve heard quite a few responses.  MUCH to my surprise… when I interview a group of people who happen to work in a bank… well, what do you think, are their responses similar?  AS a matter of fact, they are.  And I must say, […]

Numeracy Skills – the basics

Link to original article

Is there much of a difference between generations of people you know?  When I first came to Spain, I was impressed about the general skills that most anybody had concerning math, culture, language.  It seemed to be like a very sound and broad education.  I’m not quite sure I still think the same.  Read on and […]

Foreign Currency and Exchange

The world of foreign currency often seems confusing.  Euro, rubles, yen and krona are terms difficult enough to comprehend on their own without adding the task of trying to figure out what each is worth in terms of United States dollars.

All of these currencies are money, so all serve the same functions.  Money is a medium of exchange, a […]

How Exactly does binary code work?

Click to original lesson (Ted Ed)

*Trancription below!

The vocabulary and thought with this video allows you to explore new conversations or pathways, using the same constructions that you would with your normal conversations and economic material.

Go ahead and see how much you understand without reading the transcript.

Remember, try answering the questions that you yourself make (who, what, where, when, why, […]

Economic Reasoning Propositions

Click for original source

Suggested homework… send us your thoughts and descriptions on the following…

This resource is directly from the Foundation for Teaching Economics.  I believe that it is excellent food for thought, and a good way to initiate explicatory conversation.  Note that the spelling is American English.

Enjoy!

The Foundation for Teaching Economics’ Economic Reasoning Propositions are a guide to the economic […]

Paradox of Value

 

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A lovely description of the famed Paradox of Value, Adam Smith. The author, Akshita Agarwal does a great job of simplifying matters and including important vocabulary.

Can you send me your own definitions or examples of:
Value
Opportunity Cost
Concept of utility
Marginal utility

How would you describe, for example, the paradox through a modern-day situation to a child?

Transcription:

00:06 Imagine you’re on a […]