In this lesson, students will explore the traditional circular flow economic model and evaluate the factors of the economy that are not considered. They will share their own views about the circular flow economic model.
Students will then explore an alternative framework, as examined in the film, 2040 – ‘Doughnut Economics’. They will evaluate the similarities and differences between the two models.
- Students understand the limitations of the circular flow economic model
- Students understand the principles of the ‘doughnut’ economic model
- Student understand the difference between both circular flow and ‘doughnut’ economic models.
- Topic: Learning Through Film, Climate Change, Sustainability, Consumption, Social Issues.
- Unit of work: 2040 – Economics and Business – Years 7 to 10
- Time required: 60 mins.
- Level of teacher scaffolding: Medium – facilitate class discussion
- Keywords: economic model, circular flow, doughnut economics, Kate Raworth, consumer, goods & services, factors of production, wealth, power, Venn diagram, 2040, documentary, sustainability, climate change.
To view our Australian Curriculum alignment click here.
To view our NZ Curriculum alignment click here.
- Student Worksheets – one copy per student.
- Device capable of presenting a video to the class.
- Agree/Disagree Posters.
- The Doughnut of Social and Planetary Boundaries Worksheet – one per student,
- Trickle Down Economics Image.
2040 is an innovative feature documentary that looks to the future, but is vitally important NOW! Director Damon Gameau embarks on a journey to explore what the future could look like by the year 2040 if we simply embraced the best solutions already available to us to improve our planet and shifted them rapidly into the mainstream.
In Australia: Order the Schools Version of the 2040 DVD. The Schools Version includes an educational license and is for Australian primary and secondary schools that wish to utilise the film as a learning tool or host free on-site screenings for the school community.
In New Zealand: Order the Schools Version of the 2040 DVD. The Schools Version includes an educational license and is for New Zealand primary and secondary schools that wish to utilise the film as a learning tool or host free on-site screenings for the school community.
If you are teaching in either New Zealand or Australia, you can now organise a virtual screening of the film for your class. To enquire about this option, simply email email@example.com and the 2040 team will help you set this up! If you have already bought a DVD of the film and you have a ClickView account, you can email the team for permission to upload the film to your account to make it more easily accessible for your teachers and students.
Cool Australia’s curriculum team continually reviews and refines our resources to be in line with changes to the Australian Curriculum.
Cool Australia, GoodThing Productions and Regen Pictures would like to acknowledge the generous contributions of Good Pitch Australia, Shark Island Institute, Documentary Australia Foundation, The Caledonia Foundation and our philanthropic partners in the development of these teaching resources.