This video teaches the concepts of Balance of Trade and Balance of Payments. The balance of trade is calculated by subtracting imports from exports. The balance of payments includes payments related to exports and imports of goods;...

Use this lesson to learn more about the Hawaiian economics system. Learn how they developed and used this specialized type of money system. "In this lesson, you will learn how specialization and division of labor increased productivity...

Throughout history, a wide variety of items have served as money. These include gold, silver, large stone wheels, tobacco, beer, dog teeth, porpoise teeth, cattle, metal coins, paper bills, and checks. All of these types of money should...

This quiz will compare trading in the past and trading in the present. It will also look at the use of money in the United States today.

In this lesson, students become entrepreneurs and they will create a community of businesses by selling goods and services for profit. This lesson requires students to work in groups. Each group will have its own business to develop....

In this lesson summary review and remind yourself of the key terms and calculations related to the balance of payments. Topics include the current account (CA) and the capital and financial account (CFA, sometimes called simply the...

Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services, money. They will locate information about barter as a means of trade, use folk tales as an...

International trade allows countries to buy and sell both domestic and foreign goods, as well as services and financial assets. A country's transactions are summarized in a set of accounts called the Balance of Payments (BOP). Students...