Lesson on Tuesday, February 27, 2018

Aim: What is the Circular Flow Model? 

Bell Ringer: Journal 4 – Explain how the factors of production relate to one another. 

Journal 5 – Explain how the circular flow of economic activity generates wealth in an economy. 

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 (15 min)  

2. YouTube video (10 min) https://www.youtube.com/watch?v=_PKH2wtDT3E&feature=youtu.be  

3. Review & Grade HW "Spotlight on the Economy" (10 min) 

4. Complete concept Map and What Is Economic? notetaking guide presentations. (rest of class)    5. Have students complete the note-taking guide as each group presents their designated topic. 

6. Test Review 

  

Home Learning: Study your 'What Is Economics?' Note-taking guide / prepare for Tomorrow's test.

Lesson on Monday, February 26, 2018

Aim: How does GDP affect the economy and a nation?  

Bell Ringer: Stamp and review Journal 2.  

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. 1. Bell Ringer (10 min)   

2. 2. YouTube video on GDP: https://www.youtube.com/watch?v=4N4NMft-9r0    

3. 3. Concept Map and What Is Economic? note-taking guide presentations. (rest of class)   

4. 4. Have students complete the note-taking guide as each group presents their designated topic. 

Home Learning: Spotlight on the Economy / answer questions 1 and 2 on a loose leaf.   

Scarcity – “deciding how to use limited resources to satisfy unlimited wants.” Carlos F.   

Lesson on Wednesday, February 21, 2018

Aim: What are the Factors of Production?  

Bell Ringer: Journal 2 – 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: 

1. Use Figure1.2 to answer Journal 3 – Describe the four factors of production are necessary to bring clothing to consumers? 

2. Complete your concept map.

Lesson on Tuesday, February 20, 2018

Aim: What is scarcity and why is it important?  

Bell Ringer: Review figure 1.1 then answer Journal 1 – 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. 1. Bell Ringer (10 min)  

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

3. 3. Complete the note-taking guide (What is Economics?) using their textbook (McGraw-Hill Economics Principles and Practices pp. 6-25), online resources, or class notes as appropriate. Teachers may want to guide students through completing the notes, have students work in small groups, or independently. (rest of class) 

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