Material Type:
Ohio Open Ed Collaborative
Economy, Oss0212, Sociology
Creative Commons Attribution-NonCommercial 4.0
Media Formats:

Education Standards (1)

Define economy and explain how technological changes influenced the economy over time

Module Overview

OER Text Material

Economic Development in Historical Perspective

Sociology: Understanding and Changing the Social World, 13.1. Addresses technological changes from pre-industrial societies, industrial and post-industrial societies and defines the term economy. A short discussion of surplus is addressed in connection to the emergence of the economy as an institution.

Section 1: Supplementary Material (Videos and Reading)

“The Market” by Richard Swedberg

Contexts, Vol. 6, Number 4, pp 64-67 (NOTE: Available via OhioLINK). Reviews meanings and ideological uses of the term, “market” within classic and economic thought to introduce a sociological view of markets and market processes.   

Economic Systems & the Labor Market: Crash Course Sociology (Video)

From the video summary: “how economies can be broken down into the primary, secondary, and tertiary sectors. We’ll look at the three stages of economic revolution that brought us to the modern post-industrial era.”

How We Got Here: Crash Course Sociology (Video)

The first part of this video (to 7:20) discusses Gerhard Lenski’s classification of societies defined by the technologies that they use.  The video discusses pre-industrial, industrial and post-industrial societies, and covers the relationship between surplus, exploitation and inequality.

Works In Progress: Sociology on the Economy, Work and Inequality

“Works in Progress: Sociology on the economy, work and inequality is a public sociology blog of the American Sociological Association (ASA). It is intended to disseminate sociological research and findings to the general public, with a particular emphasis on contributing to policy debates.”  News analysis and research reports posted on this blog are current, robust and accessible yet challenging for the introductory student.

Section 2: Data

US economy: Statistics at a Glance

“The Financial Time’s one-stop overview of key US economic data and trends, including GDP, inflation, unemploymentconsumer indicators, and the outlook for US interest rates and mortgage rates.” This site provides current and easy-to-read graphs and tables on a variety of measures of the U.S. economy, including market trends, economic predictions, employment statistics and productivity.