Wednesday, February 22, 2017

Lesson on Wednesday, February 22, 2017

Aim: What are the Factors of Production?

Bell Ringer: Journal 51 – What is the difference between a need and a want? Give examples of each. How does this affect scarcity?

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 on Factors of Production: https://www.youtube.com/watch?v=VZD7dTSHmIo  (5 min)
3. Have students work on a concept map about their assigned section of the What is Economics? note-taking guide. (rest of class)


Home Learning: Use Figure 1.2 to answer Journal 52 – what four factors of production are necessary to bring clothing to consumers? J52 will be stamped as soon as you walk into class tomorrow. 


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