Economist

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economist

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the discipline?Social science focused on production, distribution, and consumption of goods and services
2. What is the core functions?Develop and apply theories, analyze economic policy, and conduct research
3. Why are economists called "money detectives"?Because they investigate how money moves around and find clues to explain why prices go up or down.
4. How do economists help the government?They look at numbers and suggest taxes, spending, and rules that keep the economy steady and fair.

Fiscal Policy: Government actions concerning taxation and spending to influence the economy.
Inflation: A general increase in prices and fall in the purchasing value of money.
Market Structures: The organizational and other characteristics of a market, such as competition levels.