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Georgia Council On Economic Education

Georgia Council On Economic Education. Helping Teachers Teach Economics Mike Raymer- Program Manager. “I hope I die during a workshop because the transition from life to death would be so subtle.” -anonymous teacher. Productive Workers Informed Consumers Involved Citizens

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Georgia Council On Economic Education

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  1. Georgia Council OnEconomic Education Helping Teachers Teach Economics Mike Raymer- Program Manager

  2. “I hope I die during a workshop because the transition from life to death would be so subtle.” -anonymous teacher

  3. Productive Workers Informed Consumers Involved Citizens Prudent Savers Wise Investors Sound lifelong decision makers in a globally interdependent world The Vision Students leaving school prepared for their roles as:

  4. The Mission To help teachers teach those students, K-12, in the public and independent schools of Georgia

  5. Economically Are You Smarter Than a 4th or 5th Grader? Teaching the Economics in the Georgia Performance Standards ^

  6. Where in the World?

  7. Label Search 1. Find ten items in the room. 2. Write down the name of each item. 3. Look at “made in” tag. 4. Record country where item was made. HANDOUT

  8. You will probably get something like this.

  9. Why a workshop on economics? Remember…this is a United States History course!!

  10. The New GPSGrades K-8 • approved October 2004 • two major changes • focus on the United States seven of nine years during K-8 • builds across the grades like a ladder

  11. Spiral vs. Ladder

  12. Content Weight for the GPS CRCT

  13. Why economics in United States History? • U.S. schools rely on history to teach about our national identity and knowledge of our past. • Are we succeeding?

  14. Why economics in United States History? • Think about the context of history… • History is the record of political and economicdecisions that people have made across time.

  15. Integrate

  16. Enrich

  17. How do we prepare? Focus on economic decision making across the eras of United States history.

  18. Economic Predictions

  19. Who Would Have Predicted in 1980… • the collapse of the • Soviet Union (incentive example, price)

  20. Who Would Have Predicted in 1980… • Nelson Mandela • as president of • South Africa

  21. Who Would Have Predicted in 1980… • a long period of economic • stagnation in Japan

  22. Who Would Have Predicted in 1980… • record economic • expansion in the • 1990s

  23. Who Would Have Predicted in 2007… Gas prices would be $4.00 per gallon in 2008?

  24. Consider the following... • Economics is a Shadow Curriculum

  25. What do adults frequently identify as the most basic concept in economics?

  26. Economics is More Than Supply and Demand Georgia Council on Economic Education w w w . g c e e . o r g

  27. What do students frequently identify as the most basic concept in economics?

  28. Economics is More Than Money Georgia Council on Economic Education w w w . g c e e . o r g

  29. What is the most basic, fundamental concept in economics? Scarcity

  30. Marooned…

  31. 30 cans of SPAM Two cases of bottled water Mirror Machete Medical Kit A wedding dress Three-year-old Irish Setter Flare gun with two flares 40 pair of blue jeans 12ft. Of rope A Swiss Army knife Case of Oreo’s Seasons four and five of “The Office” $5,000.00 6’ by 6’ tarp Chainsaw with one tank of fuel Survival guide Book on South Pacific plant life Bible 20 gallon plastic container Matt Ryan jersey

  32. Let’s talk about…. YOU TODAY RIGHT THIS MINUTE

  33. Because of scarcity, people must choose. • Options • movies • skating • pizza

  34. Because of scarcity, people must choose. • Options • third term • Mount Vernon • king

  35. Opportunity Cost The next best alternative given up when a decision is made.

  36. Select one… What is your opportunity cost?

  37. Our essential question… What is economics?

  38. Economics is… Our enduring understanding… making decisions about allocating limited resources to get the unlimited number of things we want.

  39. Handouts 1. What is Economics? 2. Economics Thinking Guide 3. Economic Decision Guide

  40. Factors of ProductionProductive Resources • Natural Resources/Land • Human Resources/Labor • Capital Goods/Tools • Entrepreneurship • risk taker • innovative ideas

  41. Guide to Economic ThinkingPulling the Pieces Together • People choose. • People’s choices involve costs. • People respond to incentivesin predictable ways. • People create economic systems that influence individual choices and incentives. • People gain when they trade voluntarily. • People’s choices have consequences that lie in the future.

  42. Economics… Do You Teach this “stuff”?

  43. -GPS- Vocabulary

  44. Introducing the 4th and 5th GradeUS Economic History Concepts • trade • opportunity cost • specialization • voluntary exchange • productivity • incentives

  45. Introducing the 5th Grade US Economic History Concepts major institutions in the US economy • private business function • bank function • government function interaction of consumers and businesses • competition, markets, prices, income • entrepreneurship

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