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Adam Smith: Wealth of Nations (Excerpt),

Adam Smith

The opening section and excerpt from Adam Smith's iconic Wealth of Nations provides one theory about the way free market, command, and mixed economies work. Karl Marx's Communist Manifesto presents another theory of economic…

Karl Marx: the Communist Manifesto (Excerpt),

Karl Marx

The opening section of Karl Marx's iconic Communist Manifesto provides one theory about the way free market, command, and mixed economies work. Adam Smith's Wealth of Nations presents another theory of economic systems.

Protection of Young Consumers under the 2009 CARD Act,

U.S. Congress

The CARD Act was designed to protect consumers from unfair lending practices and create more government oversight of credit card companies. In many ways, the bill was written in response to the credit and foreclosure crises that helped spark the 2008…

Budget Hero Game,

American Public Media

Budget Hero gives players an opportunity to try to manage the Federal budget by making budget decisions without breaking the bank. Players can choose up to three major issues to focus on, such as  national defense, health and wellness, energy independence, and efficient government. The game provides details about individual issues (such as funding for mass transit and other infrastructure), which can inform players about some of the major policy issues being dicussed right now. The game is aimed at the Federal budget, but some of the policy decisions affect state and local governments.

Virginia’s International Trade,

Virginia Economic Development Partnership

This website is aimed at business leaders, but it offers useful information for anyone interested in Virginia’s economy and the rest of the world. The Fast Facts section is particularly useful, with relevant articles such as “Federal vs. State Trade Policy.” There are also profiles of Virginia’s trade with countries such as China, Mexico, Canada, the United Kingdom, and Japan. Did you know that more than 2,600 U.S. companies have business operations in Mexico? Find out more at this website.

Virginia Economy at a Glance,

U.S. Bureau of Labor Statistics

This website offers current information on what’s happening with Virginia’s economy. Don’t let the numbers intimidate you! These statistics can provide a lot of information about everything from the unemployment rate in Virginia to the economy of education. There is also more detailed information about urban centers in Virginia. Using this website requires a little extra work to see what all the numbers mean, but the information is well worth it.

Teen Business Link,

U.S. Small Business Administration

This government-run website is aimed at helping teens create their own small business. Teen Business Link covers everything from brainstorming ideas for a business to legal problems small business owners might face. Have you ever thought about what kind of business you might like to start? It’s also a step in the direction of understanding what issues small businesses (and even large ones) have to deal with every day.

Developments in the Global Economy and Implications for the United States,

Timothy F. Geithner

Federal Reserve Chairman Timothy Geithner discusses the interaction between the U.S. and the global economy. One issue he discusses is the way that the U.S. dollar is used as a standard for other currencies around the globe. Speaking in 2006,…

What is the Real Cost of Buying a House and Car?,

Linda Long

Tax rates differ for citizens in Virginia, depending on where one lives. In addition, a local government may choose to spend collected tax money differently than another local government in the Commonwealth. In this activity, students simulate the…

Virginia’s Role in the Global Economy ,

Joe LaRocco

Virginia has a rich history in trading goods with other countries. Because the global economy is a great deal more competitive than it was in Virginia’s early colonial history, Virginia’s governors, legislators, and business leaders have…