Economics Lesson Plans 1st Nine Weeks
Unit 01: Introduction and Basic Concepts (9 days for the entire unit)
E.1A,E.1B,E.1C,E.1D,E.5A,E.5B,E.5C,E.5D,E.5E,E.6A,E.6B,E.6C,E.6D,E.8A,E.8B,E.8C,E.16A,E.16B,E.16C,E.16D,E.21A,E.21E,E.22A,E.22B,E.22C,E.23B
Tuesday August 28
Introduction to course. We will discuss the classroom rules and expectations. We will talk about the syllabus and grading system. We will begin talking about the basic ideas of economics in a broad sense.
Thursday August 30
Bellwork: Chapter 1 Vocabulary
Goals: Explain to students that free enterprise, free market, and capitalism are synonymous terms.
Students learn about the impact of various economic philosophers on the U.S. free enterprise system.
Students learn about economic policies.
Homework: Study Chp 1 Vocabulary for quiz next period.
Tuesday September 4
Bellwork: Prepare for and take Chp 1 Vocabulary Quiz
Goals: Students role play and develop possible solutions to economic policies and/or issues.
Students gain a better understanding of scarcity by applying it to their daily lives.
Students gain a better understanding of the basic economic problem.
Homework: Students will write a response to the question: What is the basic economic problem?
Thursday September 6
Bellwork: Chp 2 Vocabulary
Goals: Opportunity cost is introduced and the concept of a PPC Graph is made relevant to students.
Creating a PPC graph will help students apply economics to real-life situations.
Students will work with a partner to interpret a PPC graph.
Homework: Study Chp 2 Vocabulary for quiz next period.
Monday September 10
Bellwork: Prepare for and take Chp 2 Vocabulary Quiz
Goals: Introduction of the circular flow model.
Powerpoint over the circular flow model
Homework: None
Wednesday September 12
Bellwork: Answer the question: What is the circular flow model?
Goals:Understand how we are both buyers and sellers in the economy.
Homework:
Friday September 14
Bellwork:
Goals:Introduction to business organizations through use of a powerpoint presentation.
Group activity over business orgainizations.
Review for Unit 1 Exam.
Homework: Study for Unit 1 Exam
Tuesday September 18
Bellwork: Prepare for Unit 1 Exam
Goals: Complete Exam
Upon completion of exam start Celebrate Freedom Week(Unit 2)
This is a stand-alone unit designed to help districts meet state and federal mandates regarding the Celebration of Celebrate Freedom Week (the week of September 17) and Constitution Day (September 17). The unit focuses on economic concepts related to student understanding of the importance of the founding documents in setting a framework that allows exercise of the free enterprise system. The performance indicator for the unit addresses specific student expectations from the course to help provide an economics focus through which to view Celebrate Freedom and Constitution Day. Lessons in the unit should address specific requirements in the mandates.
(6) State and federal laws mandate a variety of celebrations and observances, including Celebrate Freedom Week.
(A) Each social studies class shall include, during Celebrate Freedom Week as provided under the TEC, §29.907, or during another full school week as determined by the board of trustees of a school district, appropriate instruction concerning the intent, meaning, and importance of the Declaration of Independence and the U.S. Constitution, including the Bill of Rights, in their historical contexts. The study of the Declaration of Independence must include the study of the relationship of the ideas expressed in that document to subsequent American history, including the relationship of its ideas to the rich diversity of our people as a nation of immigrants, the American Revolution, the formulation of the U.S. Constitution, and the abolitionist movement, which led to the Emancipation Proclamation and the women's suffrage movement.
(B) Each school district shall require that, during Celebrate Freedom Week or other week of instruction prescribed under subparagraph (A) of this paragraph, students in Grades 3-12 study and recite the following text: "We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness--That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed."
Prior to this unit, since Kindergarten, students have been celebrating Celebrate Freedom Week through a lens that provides perspective on the week reflective of each course’s content focus. In this unit, students learn that the economic system linked to our democratic system of government is a free enterprise system. The role of government is important in a free enterprise economic system because it allows for property rights, economic freedom, and competition.
Homework: Learn the following text: "We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness--That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed."
Thursday September 20
Bellwork: Pratice reciting text from last period with a partner
Goals: Continue Celebrate Freedom Week
Homework: None
Unit 03: Global Economy (3 days for the entire unit)
E.3A,E.3B,E.3C,E.4A,E.4B,E.4C,E.11C,E.22C,E.22E,E.23A,E.23B
Monday September 24
Bellwork: Recite Celebrate Freedom week text for a quiz grade
Goals: Begin Unit 3.
Introduce students to the concept of trade.
Gain an understanding of comparative advantage and absolute advantage.
Homework: Handout
Wednesday September 26
Bellwork: Answer the question: What is the difference between comparative advantage and absolute advantage.
Goals: Continue discussion from previous period.
Review Unit 3
Homework: Study for Unit 3 Test
Friday September 28
Bellwork: Prepare for Unit 2 Test
Goals: Complete Test
Homework: None
Unit 04: Microeconomics - Supply and Demand (5 days for the entire unit)
E.2A,E.2B,E.2C,E.7A,E.7B,E.9A,E.9B,E.22A
Tuesday October 2
Bellwork: Chapter 7 Vocabulary
Goals: