Day 1: Economic Basics
- Goal Statement: Begin to develop a basic understanding of how an economic system operates
- Essential Questions - What is the definition of economics. What is the difference between needs and wants? What is the difference between an opportunity cost and a trade off? What are the four factors of production?
- NCSCOS
- Compare how individuals and governments utilize scarce resources (human, natural and capital) in market economies. (CE.E.1.1)
- Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (CE.E.1.2)
- Lesson - Students will be lead through direct instruction on the information related to the basics of Economics.
- Slideshow for direct instruction - Economic Basics Notes
- Student work - As the class is covering the information or after the class has covered the information, students should use the Economic Basics Student (Links to an external site.)notes to continue to build their notebook
- This can either be printed or digital
- Homework/Asynchronous
- Review your notes from today's lesson and check for understanding
economic_basics.pptx | |
File Size: | 880 kb |
File Type: | pptx |
Day 2: Types of Economic Systems
- Goal Statement: compare how individuals and governments utilize scarce resources in traditional, command, market, and mixed economies. Analyze the ways in which incentives and profits influence what is produced and distributed in a market system.
- Essential Questions - What are the different types of Economic Systems? How do different economic systems make decisions?
- NCSCOS
- Compare how individuals and governments utilize scarce resources (human, natural and capital) in market economies. (CE.E.1.1)
- Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (CE.E.1.2)
- Analyze the ways in which incentives and profits influence what is produced and distributed in a market system (CE.E.1.4)
- Lesson - Students will be lead through direct instruction on the information related to the Types of Economic Systems and develop an understanding of how the different economic systems function throughout the world.
- Slideshow for direction instruction - Types of Economic Systems Notes
- Student work - As the class is covering the information or after the class has covered the information, students should use the Types of Economic Systems Student (Links to an external site.) notes to continue to build their notebook.
- This can either be printed or digital
- Homework/Asynchronous
- Business Card Activity on Assignments
types_of_economic_systems.ppt | |
File Size: | 1561 kb |
File Type: | ppt |
Day 3: Supply and Demand 5/10-5/11
- Goal Statement: analyze a market economy in terms of economic characteristics, the roles they play in decision making, and the importance of each role.
- Essential Questions - What role do supply and demand play in an economic system? How does supply and demand influence the cost of an item in a market economy?
- NCSCOS
- Explain how supply and demand determine equilibrium price and quantity produced (CE.E.1.3)
- Analyze the ways in which incentives and profits influence what is produced and distributed in a market system (CE.E.1.4)
- Compare how various market structures affect decisions made in a market economy (CE.E.1.5)
- Lesson - Students will be lead through direct instruction on the information related to Supply and Demand and the influences each of those have on an economy
- Slideshow for direct instruction - Supply and Demand Notes
- Student Work - As the class is covering the information or after the class has covered the information, students should use the Supply and Demand Student (Links to an external site.) notes to continue to build their notebook
- This can either be printed or digital
- Homework/Asynchronous
- Continue work on the Business Card Activity
supply_and_demand.pptx | |
File Size: | 981 kb |
File Type: | pptx |
Day 4: Structure of Businesses and Markets 5/12
- Goal Statement: Students will be able to: compare how various market structures affect decisions made in a market economy.
- Essential Questions - What are the different types of business and what are the risks involve with each? What are the different types of markets and how do they function?
- NCSCOS
- Compare how individuals and governments utilize scarce resources (human, natural and capital) in market economies. (CE.E.1.1)
- Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (CE.E.1.2)
- Analyze the ways in which incentives and profits influence what is produced and distributed in a market system (CE.E.1.4)
- Compare how various market structures affect decisions made in a market economy (CE.E.1.5)
- Lesson - Students will be lead through direction instruction on the information related to the different types of business that exist in a market economy and the different types of market structures that can exist in an economy.
- Slideshow for direction instruction - Structure of Businesses and Markets Notes
- Student Work - As the class is covering the information or after the class has covered the information, students should use the Structure of Businesses and Markets Student (Links to an external site.) notes to continue to build their notebook.
- This can either be digital or printed
- Homework/Asynchronous
- Types of Economies Assignment
structure_of_business.pptx | |
File Size: | 571 kb |
File Type: | pptx |
Day 5: Business Cycle and Free Market 5/13
- Goal Statement: Students will be able to compare the different point in the business cycle and the impact they have on the economy and the well being of the people as well as beginning to understand the basic workings of a free market.
- Essential Questions - What is a free market? Do they exist? What are the stages of the business cycle? How do those stages impact the people living in the economic system?
- NCSOS
- Compare how individuals and governments utilize scarce resources (human, natural and capital) in market economies. (CE.E.1.1)
- Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (CE.E.1.2)
- Analyze the ways in which incentives and profits influence what is produced and distributed in a market system (CE.E.1.4)
- Compare how various market structures affect decisions made in a market economy (CE.E.1.5)
- Summarize basic macroeconomic indicators and how they vary over the course of a business cycle (CE.E.3.1)
- Lesson - Students will be lead through direction instruction on the information related to the business cycle and all of the stages involved and will also learn about the functioning of a free market.
- Slideshow for direct instruction - Free Market and Business Cycle Notes
- Student Work - As the class is covering the information or after the class has cover the information, students should use the Free Market and Business Cycle Student (Links to an external site.) notes to continue to build their notebook
- This can either be digital or printed
- Homework/Asynchronous
free_market.pptx | |
File Size: | 228 kb |
File Type: | pptx |
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Day 6: Fiscal and Monetary Policy 5/14
- Goal Statement: Explain how monetary police influence all levels of employment, interest rates, production, price level, and economic growth.
- Essential Questions - How does fiscal policy work? What impact does it have on people's lives and who controls the decision making? How does monetary policy work? What impact does it have on people's lives and who controls the decision making?
- NCSCOS
- Compare how various market structures affect decisions made in a market economy (CE.E.1.5)
- Compare national, state and local economic activity (CE.E.1.6)
- Summarize basic macroeconomic indicators and how they vary over the course of a business cycle (CE.E.3.1)
- Explain how fiscal policy and the monetary policy influence overall levels of employment, interest rates, production, price level and economic growth (CE.E.3.2)
- Lesson - Students will be lead through direction instruction on the information related to fiscal and monetary policy
- Slideshow for direct instruction - Fiscal and Monetary Policy Notes
- Student Work - As the class is covering the information or after the class has covered the information, students should use the Fiscal and Monetary Policy Student (Links to an external site.)notes to continue to build their notebook.
- This can either be printed or digital
- Homework/Asynchronous
- Review your notes from today's lesson
fiscal_and_monetary_policy.pptx | |
File Size: | 381 kb |
File Type: | pptx |
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Day 7: Trade and Globalization 5/17-5/18
- Goal Statement: Summarize basic macroeconomic indicators and how they vary over time. Students will also study the importance of Trade for any economy and how the world economies have become more globalized.
- Essential Questions - What are the economic indicators that can foretell the strength or weakness of an economic system? Why is trade important? Why do nations trade? How has trade lead to globalization?
- NCSCOS
- Explain the basic concepts of trade (CE.E.2.1)
- Summarize how nations specialize and become interdependent through trade (CE.E.2.2)
- Explain the impact of government policies on international trade (CE.E.2.3)
- Analyze the role of NC and the US in the world economy (e.g., furniture industry, tourism, fishing, etc.) (CE.E.2.4)
- Analyze organizations in terms of their roles and functions in the United States economy (CE.E.3.3)
- Lesson - Students will be lead through direct instruction on the information related to trade, globalization and the economic indicators that all nations look to in order to determine the health of their economy and the standard of living for their citizens.
- Slideshow for direct instruction - Trade, Development and Resources in the US and Global Economy Notes
- Student Work - As the class is covering the information or after the class has covered the information, students should use the Trade Student (Links to an external site.) notes to continue to build their notebook
- This can be either printed or digital
- Homework/Asynchronous
- Review your notes from today's lesson
trade_develoment_and_resources_in_the_us.pptx | |
File Size: | 171 kb |
File Type: | pptx |
www.vox.com/2014/11/24/7272929/global-poverty-health-crime-literacy-good-news
World getting better or worse?
World getting better or worse?
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ALL ASSIGNMENTS MUST BE SUBMITTED IN CANVAS BY 5/21 12:00 noon!
Older Resources----------------------------------------------------------
understanding_econ.docx | |
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economic_notes__all_.pptx | |
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shipwrecked_.pptx | |
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basic_econ_types.xlsx | |
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adam_smith_discussion.docx | |
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notes_-_capitalism.doc | |
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business_organizations_chart.xlsx | |
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business_cycle.ppt | |
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circularflow-economicsystems.ppt | |
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types_of_economic_systems.ppt | |
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monopolies.ppt | |
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notes_-_measuring_the_economy_-_teacher_and_student.docx | |
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labor_presentation.pptx | |
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notes_-_economic_development.docx | |
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notes_-_international_trade.doc | |
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notes_-_measuring_the_economy_-_teacher_and_student.docx | |
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notes_-_money_banking_and_the_fed.doc | |
File Size: | 35 kb |
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notes_-_movement_of_resources_-_teacher.doc | |
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SUPPLY AND DEMAND
demand_notes.doc | |
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practicing_demand_-_worksheet.doc | |
File Size: | 33 kb |
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review_of_demand.pptx | |
File Size: | 65 kb |
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supply_and_demand.pptx | |
File Size: | 998 kb |
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practicing_supply_-_worksheet.doc | |
File Size: | 37 kb |
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combining_supply_and_demand.doc | |
File Size: | 27 kb |
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equilibrium.ppt | |
File Size: | 49 kb |
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SPECIFIC ECONOMIC APPLICATIONS
Crash Course US Government
monstersinc.docx | |
File Size: | 13 kb |
File Type: | docx |
Unit 7:
market economy, command economy, mixed economy, traditional economy, scarcity, supply, demand, wants, needs, opportunity costs, factors of production, Adam Smith, labor unions, taxes, human capital, sole proprietorship, partnership, corporation, franchise, stock market, circular flow model, equilibrium, shortage, surplus, product market, factor market, invisible hand, incentives, limited liability, unlimited liability, division of labor, fixed costs, variable costs, laissez-faire, business cycle, trade off, competition, profit, consumer price index, unemployment rate, land, labor, capital, entrepreneurship
Unit 8:
sole proprietorship, financial capital, partnership, corporation, stock, stockholder, cooperative, labor union, collective bargaining, mediation, arbitration, strike, export, import, comparative advantage, tariff, quota, free trade, exchange rate, trade surplus, trade deficit, developing country, developed country
market economy, command economy, mixed economy, traditional economy, scarcity, supply, demand, wants, needs, opportunity costs, factors of production, Adam Smith, labor unions, taxes, human capital, sole proprietorship, partnership, corporation, franchise, stock market, circular flow model, equilibrium, shortage, surplus, product market, factor market, invisible hand, incentives, limited liability, unlimited liability, division of labor, fixed costs, variable costs, laissez-faire, business cycle, trade off, competition, profit, consumer price index, unemployment rate, land, labor, capital, entrepreneurship
Unit 8:
sole proprietorship, financial capital, partnership, corporation, stock, stockholder, cooperative, labor union, collective bargaining, mediation, arbitration, strike, export, import, comparative advantage, tariff, quota, free trade, exchange rate, trade surplus, trade deficit, developing country, developed country
unit_7_matching_reveiw.docx | |
File Size: | 16 kb |
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u_7___8_part_1_sample_questions.docx | |
File Size: | 11 kb |
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unit_8_matching_review_part_1_name.docx | |
File Size: | 14 kb |
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unit_8_matching_review_part_2.docx | |
File Size: | 17 kb |
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