This brief video discusses the environmental and socioeconomic downsides of the current GDP-focused global economy and introduces the concept of a thriving economy within the ecological boundaries of the planet.
Students will learn that the doughnut economic model provides for the social well-being of all people while protecting the Earth's natural resources.
This short video will give students a perfect introduction to the goals of doughnut economics.
Visual learners will appreciate the easy-to-understand illustrations.
Students should be familiar with the terms GDP, ecological, and biodiversity.
Because the video is fast-paced, teachers may wish to share the image of the doughnut model with students before showing the video.
Economics, social studies, or ethics classes could write a reflection paragraph after watching the video and discuss what type of economic mindset would allow the world to stay within the confines of the ecological ceiling and the social foundation.
Science classes could discuss economic decisions that have damaged the natural world. Students could discuss the solutions required to meet the social needs of all people while protecting the Earth's natural resources and biodiversity.
The resource captures the role of the doughnut economy in transforming global economic realities in the 21st century. The concept is effective when applied in a social system. This is recommended for teaching.
Next Generation Science Standards (NGSS)
ESS3: Earth and Human Activity
HS-ESS3-3 Create a computational simulation to illustrate the relationships among management of natural resources, the sustainability of human populations, and biodiversity.
College, Career, and Civic Life (C3) Standards
Dimension 2: Economics
D2.Eco.1.9-12 Analyze how incentives influence choices that may result in policies with a range of costs and benefits for different groups.
D2.Eco.12.9-12 Evaluate the selection of monetary and fiscal policies in a variety of economic conditions.
D2.Eco.15.9-12 Explain how current globalization trends and policies affect economic growth, labor markets, rights of citizens, the environment, and resource and income distribution in different nations.
D2.Eco.3.9-12 Analyze the ways in which incentives influence what is produced and distributed in a market system.