Economics is a topic that is supposed to be taught in my class yet I often struggle to truly provide in depth coverage of the topic. My students walk away with the basic principles but in 7th grade I work to enable them to understand the basics - the series of educational videos presented here from the "The Open University" explaining 6 key economic terms in 60 seconds each is an interesting set of resources. I will be sharing the 6 videos on my blog one each day. Each video is a good starting point to discussion - these videos are not unarguable facts but instead a start to a difficult conversation.
Video Three: The Phillips Curve - 60 Second Adventures in Economics "Bill Phillips' curve historically described an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed."
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