Is saving money during the holidays smart or Scrooge-ish? Is shopping a way of forging social bonds and expressing your freedom or is it giving in to crass commercialism? Following the lessons of some "economist Christmas carols," economics correspondent Paul Solman weighs the economic and social theories of both sides.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Aggregate Demand (AD), Consumers, Economic Growth, Fiscal Policy, Keynesian Theory


Open for Business!

This engaging lesson gives students the opportunity to identify risks and rewards of entrepreneurship and distinguish between entrepreneurs who start a business to produce a good or provide a service.

Grades K-2, 3-5

Booker T. Washington:"Fifty Cents and a Dream"

Young Booker T. Washington had a dream. That dream was to use the resources at his disposal to earn the money necessary to get an education that would allow him and others to become financially secure. This lesson based on the picture book "Fifty Cents and a Dream: Young Booker T. Washington" by...

Grades K-2, 3-5

Marketplace: Doing Business in Afghanistan

In May 2002, delegates from governments, international companies, and financial institutions met at a United Nations conference in Tehran to discuss the reconstruction of Afghanistan. Afghanistan's officials say that to create a viable economy and a stable society, the country must recreate basic...

Grades 6-8, 9-12

Transportation: They Say We Had a Revolution (Part 1)

Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons,the students examine transportation and its impact on our nation (and...

Grades 6-8, 9-12