Economics Lesson Plans Strategies Cooperative learning, Discovery learning, Engaged learning, Guided Writing, Guided Reading

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Building Academic Vocabulary Focus on the Global Economy Enrichment Activities Free Enterprise Activities

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Reinforcing Economic Skills Critical Thinking Activities Hands on Economics PowerPoint, Lecture/Discuss

State Standards Week 18 Tuesday Guided Reading Section 3 The Law of Supply and the Supply Curve. Guided Reading Section 4 Putting Supply and Demand Together Section 3 and 4 Quiz Thursday Review for Semester test Semester test 12/22 Week 17 Monday Chapter 6 test Wednesday Chapter 7 Demand and Supply explains the demand curve, elasticity of demand, the supply curve, and supply and demand in a voluntary market. Video Supply and Demand Guided Reading Section 1 Demand, Section 2 the demand curve and elasticity of demand. Review questions page 175, 185 Friday Section 1 and 2 Quiz Guided Reading Section 3 The Law of Supply and the Supply Curve. Review questions page 193, 199 Section 3 and 4 Quiz Tuesday December 15 Chapter 7 review Week 16 Tuesday Finish Investment in Stock activity Section 6.3 Types of investment plans Assign review page 162 questions 3-18 Chapter 6 quiz Thursday Chapter 6 Review Week 15 Chapter 6 Saving and Investing The Big Idea Governments and institutions help participants in a market economy accomplish their financial goals. Tuesday Learn the benefits of saving and the types of savings accounts available. Learn about different types of investments and risks that they carry Learn about special types of investment plans and how to decide what portion of our income to save and invest. Investment in Stock activity Week 14 Monday

Chapter 5 Quiz Chapter 5 Review Sections 1-4, page 136-137 Wednesday Chapter 5 Test Friday Review Chapter 5 Week 13 Tuesday Section 3 To Rent or to Buy Assignment Guided Reading section 3 Thursday Section 4 Buying and Operating a Vehicle Assignment Guided Reading section 4 Week 12 Monday Review Chapter 4 Test and re-take Chapter 4 test Video Taking Control of Your Credit Wednesday Review test Correct Chapter 4 Quizzes Video Get the Credit You Deserve Fri Chapter 5 Buying the Necessities The big Idea Scarcity is the basic economic problem that requires people to make choices about how to use limited resources. Section 1 Shopping for food, Section 2 Clothing Choice Assignment Guided Reading section 1 and 2, Review p. 117 and p. 123 Week 11 Tuesday Review Chapter 4 pages 110-111 Thursday Chapter 4 Test Week 10 Monday Chapter 4 Section 2 Quiz Guided Reading W/S sections 2 Wednesday Chapter 4 Section 3 Quiz Guided Reading W/S sections 3 Friday Chapter 4 Section 4 Quiz Guided Reading W/S sections 4 Week 9 Tuesday Chapter 4 Going into Debt 1. Learn the advantages and disadvantages of using credit to make purchases. 2. The major types of credit and the cost of credit. 3. How to obtain credit and about your responsibilities after becoming a borrower. 4. Laws that protect consumers from unfair credit practices, as well as those that regulate personal bankruptcy. Thursday Chapter 4 Section 1 Quiz Guided Reading W/S sections 1 Week 8 Tuesday

Review Chapter 3 Chapter 3 Quiz Sections 1-3 Thursday Chapter 3 Test Week 7 Monday Section 3.2 Buying Principles and Strategies Wednesday Section 3.3 Consumerism Friday Review Chapter 3 Week 6 Tuesday Chapter 2 Test Thursday Review Chapter 2 test Chapter 3 Your Role as a Consumer Section 1 Consumptions, Income, and Decision Making Guide to Reading p. 65, review p. 69 and w/s Week 5 Tuesday 1. Chapter 2 section 3 and 4 quiz 2. Review sections 1-4 State standards 4.8 Describe the components of the circular flow of economic activity and illustrate how they interact with each other 4.9 Describe the difference in determining wages and prices in command and market economies 4.10 Explain why economic systems are evaluated for their ability to achieve non-economic as well as economic goals 4.11 Discuss private ownership of property, profit, competition, and private enterprise as basic features of a market economy 4.12 Explain the government's role in the U.S. economy 4.14 Analyze the strengths and weaknesses of alternative economic systems Thursday Review Chapter 2

Week 4 Tuesday 1. Chapter 2 section 1 and 2 quiz 2. Section 3 and 4 The Goals of the Nation and Socialism and Capitalism State standards 4.1 Identify why a society needs an economic system 4.2 Identify questions that must be answered by any economic system (e.g., what is to be produced, how it is to be produced, and for whom) 4.3 Discuss advantages and disadvantaged of different types of economic systems with primary focus on planned and market systems 4.4 Explain the concept of a mixed economy 4.5 Identify the types of economic systems in the United States 4.6 Describe the major features of the U.S. economy (e.g., profit, competitive markets, and private ownership of property) Thursday 3. Guided Reading w/s 2.3, 2.4 Week 3

Monday Chapter 1 Test open book Wednesday Review Test Friday Chapter 2 Economic Systems and the American Economy Standards 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.11, 4.12 1. Economic Systems and Characteristics of the American Economy 2. Assign Guided Reading w/s 2-1, 2-2 Week 2 Tuesday Review and section quiz Thursday Chapter 1 Assessment & Activities page 28 and 29 Week 1 Wednesday 1. Introduction - syllabus, expectations, computer use, reading and writing assignments, grading, textbook layout, daily routine, homework, journal writing. 2. Unit 1 Fundamental Economic Concepts Objectives; 1. Define economics and its fundamental principles 2. Differentiate between traditional, command, and market economies 3. Discuss the major characteristics of the American free enterprise economy 4. Identify the major types of economic organizations in the United States Friday Chapter 1 What is Economics Guided Reading w/s 1-1,1-2, 1-3 Quiz

State standards
1. Identify opportunity costs and trade-offs involved in making choices about how to use scarce economic resources. 1.1 Define and give examples of economic wants and needs 1.2 Explain how economic wants are satisfied 1.3 Identify the resources (factors of production) that are used to satisfy economic wants 1.4 Define and give examples of scarcity 1.5 Explain and give examples of the opportunity costs of choices made by individuals and society 1.6 Explain why scarcity requires individuals, governments, and societies to make choices 1.7 Demonstrate an understanding of rational economic decision-making by explaining the costs and benefits of alternative choices in a given situation 1.8 Apply the steps in a rational decision-making process to a situation involving an economic decision by an individual and a group 1.9 Explain the concept of marginalism as it applies to producers and consumers 1.10 Explain the relationship between scarcity or choice and the production possibilities curve 1.11 Evaluate the trade-offs between economic growth, security, and freedom using given problems confronting a society 4.1 Identify why a society needs an economic system 4.2 Identify questions that must be answered by any economic system (e.g., what is to be produced, how it is to be produced, and for whom) 4.3 Discuss advantages and disadvantaged of different types of economic systems with primary focus on planned and market systems 4.4 Explain the concept of a mixed economy

4.5 Identify the types of economic systems in the United States 4.6 Describe the major features of the U.S. economy (e.g., profit, competitive markets, and private ownership of property) 4.7 Describe the role of individual households and business firms in making production and distribution decisions in a market economy 4.8 Describe the components of the circular flow of economic activity and illustrate how they interact with each other 4.9 Describe the difference in determining wages and prices in command and market economies 4.10 Explain why economic systems are evaluated for their ability to achieve non-economic as well as economic goals 4.11 Discuss private ownership of property, profit, competition, and private enterprise as basic features of a market economy 4.12 Explain the government's role in the U.S. economy 4.13 Explain how the U.S. economy encourages entrepreneurs 4.14 Analyze the strengths and weaknesses of alternative economic systems 4.15 Critique the merits of an economic system's performance based on the criteria of freedom, efficiency, equity, security, employment, stability, and growth

State standards
1. Identify opportunity costs and trade-offs involved in making choices about how to use scarce economic resources. 4.1 Identify why a society needs an economic system 4.2 Identify questions that must be answered by any economic system (e.g., what is to be produced, how it is to be produced, and for whom) 4.3 Discuss advantages and disadvantaged of different types of economic systems with primary focus on planned and market systems 4.4 Explain the concept of a mixed economy 4.5 Identify the types of economic systems in the United States 4.12 Explain the government's role in the U.S. economy 4.13 Explain how the U.S. economy encourages entrepreneurs 4.14 Analyze the strengths and weaknesses of alternative economic systems