Lesson on Friday, February 17, 2017

Aim: What is scarcity and why is it a problem?

Bell Ringer: Review figure 1.1 then answer Journal 50 – Why is the basic problem of economics, scarcity, a universal problem?

Objectives:

1. Students will use geographic terms and tools to explain differing perspectives on the use of renewable and non-renewable resources in, the United States and the world.

2. Students will identify the factors of production and why they are necessary for the production of goods and services.

Agenda:

1. Bell Ringer (10 min)

2. YouTube video: https://www.youtube.com/watch?v=zcN0d8foBXI  (5 min)

3. Complete the note-taking guide (What is Economics?) using your textbook (McGraw-Hill Economics Principles and Practices pp. 6-25) (rest of class)

Home Learning: Complete your designated portion of the note-taking guide (What is Economics?). Use online resources.