7/22/2019 The Foundations of Wealth - Promo

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The FOUND TIONS of WE LTHa unique, innovative and truly memorable way to teach basic economics!Although it is rooted in the concrete realities of life, economics often appears to students asa series of abstract nouns p r o d u c t i v i t y , su p p l y , d em a n d , p r i c e , s u r p l u s , sc a r c it y a n d

s o o n that inevitably create a barrier between the student and the economic principles ofenterprise.The Foundations of Wealthhas been designed to help them over the barrier. In ten

distinct episodes, each approx. 10 minutes long, it tells the story of how a primitivecommunity makes its way from a subsistence economy to prosperity by a succession of

devices d i v i s io n o f l a b o u r , m e c h a n i s a t i o n , m o n e y , m a r k e t s , p r i c e which they areshown discovering in cartoon dramatisations. The first part of each programme shows the

community making the discovery and the second part shows, with documentary film, howthat discovery applies in the modern world.

Episode 1. How It All Began(11 mins)Key concepts:subsistence level, subsistence economy, scarcity, surplus

Episode 2. Division of Labour i. Product (9 mins)Key concepts:organisation, specialisation, efficiency, investment, capital

Episode 3. Division of Labour ii. Process(10 mins)Key concepts:trade, productivity, exports and imports, production line

Episode 4. Mechanisation(10 mins)Key concepts:mechanical device, energy source, harnessing

Episode 5. A Life Worth Living(11 mins)Key concepts:cultivation, goods and services, natural resources, leisure

Episode 6. The Market(11 mins)Key concepts:voluntary exchange, command economy, incentive

Episode 7. Money(11 mins)Key concepts:token of value, store of value, measure of wealth

Episode 8. Supply, Demand and Price i. Price and the consumer(13 mins)Key concepts:prices as information, law of demand, relative value

Episode 9. Supply, Demand and Price ii. Price and the producer(13 mins)Key concepts:gluts and shortages, innovation, law of supply, equilibrium price

Episode 10.The Mixed Economy(11 mins)Key concepts:planned economy, market economy, public goods

Available on 2 chaptered DVDs each episode is also accompanied by downloadable worksheets toreinforce the economic principles covered and has been carefully researched and developed with

teachers to provide a valuable tool for teaching economics in the classroom. Designed for 10-14 yearolds, The Foundations of Wealth episodes are also suitable for any course where the basics ofeconomics need to be introduced or explained in a clear, memorable and entertaining way!The Foundations of Wealthwas devised by Sir Antony Jay, author of comedy series Yes Minister

and Yes Prime Minister. He is also founder, with John Cleese, of award winning training filmproducers Video Arts. Resource materials have been written by Peter Griffin, Head of Economics,Princethorpe College, Warwickshire.

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