Eco Lessons From the Newly Developing U.S.

1. Eco Lessons From the Newly Developing U.S. Laura Ewing President/CEO Texas Council on Economic Education www.economicstexas.org www.smartertexas.org Laura@economicstexas.org 713-655-1650

2. This workshop and the accompanying materials are made available to teachers through the generous support of  State Farm and the Council for Economic Education.

3. COUNCIL FOR ECONOMIC EDUCATION NATIONAL CONFERENCE • October 9-11, 2014 • Big Dallas • Renaissance Hotel • Registration covers most meals • Plan now to attend and ask for Oct. 10 to be staff development day

4. TCEE Opportunities • Trainings for Math teachers on PFL in Austin • Financial Fitness for Life Study

5. Economics Challenge • Fall and Spring Online Testing In Micro, Macro and International Economics • Adam Smith Division 2nd place national champs Bellaire HS 2010/3rd 2012 • David Ricardo Division 3rd place national champs Plano HS 2010/4th place 2012 • State competition in Austin

6. Personal Financial Literacy Challenge • Middle and High School • Fall and spring online challenges will determine state finalist candidates • “State Play-Offs” in Austin with cash awards for two top teams • HS national finals at Fed in St. Louis • Bellaire HS Houston 2nd in nation 2012

7. 10 week Student Session • 10 Week Student Session Fall and SpringPrizes for Regional WinnersTeams of 4 to 5 students • Teaches math, investments, • decision-making

8. www/economicstexas/org How Do You Get These Materials? www.economicstexas.org

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11. To Receive VE4.0, Please Complete and Turn In- 1. A Registration form with the date, location and title of the workshop written in at the top of the form. Your state council on economic education or local center for economic education director has indicated you as someone who has recently attended a training on the use of one of our materials. As such, we would like to know about your experience with both our training and our product. Please take the time to fill out the following survey. 1. Overall, how effective will this publicationbe in helping you plan instruction? (1 = Useless, 3 = Somewhat Effective, 5 = Very Effective) 1 2 3 4 5 2. 2 evaluation forms with the date, location and title of the workshop written in at the top of the form. The evaluation begins with…

12. What Role Does Geography Play In… 1. how Texans make a living 2. where people settle

13. What are the factors of production? 1. Land 2. Labor 3. Capital 4. Entrepreneurship

14. Play FullEconomics

15. Laura Ewing President/CEO Texas Council on Economic Education (TCEE) www.economicstexas.org Laura@economicstexas.org 713-655-1650

16. How can you make math, CT and social studies hands-on and relevant while teaching critical thinking skills?

17. Texas Essential Knowledge and SkillsEconomics and Play Dough Economics Describe how the free enterprise system works

19. Lesson 12:Market Price II Market Price: Changes in Supply and Demand

20. Concepts of the USFree EnterpriseEconomic System How do changes in demand affect market price? How does the market price guide what producers or suppliers produce?

21. Concepts of the Texas/USFree EnterpriseEconomic System Why must costs be subtracted from revenues to determine profits? How can certain events cause costs to change, which can affect profits?

22. Market Price Focus What is meant by demand? What are three things you demand economically? How much will you pay for them? What determines if you demand/buy them?

23. Market Price Competition We will divide into factories with 4 to 6 workers in each factory. Choose a production manager. Choose an accountant

24. Production Rounds There will be 3 rounds of 5 minutes each. You will produce any amount, but at least one of the apple, hammer, shirt and cup/saucer in 2 inch dimensions. Each product must have 2 colors.

25. Production Rounds Each product must have 2 colors. You may only use your hands – no capital. You may specialize. Produce at least one of each but as many as possible.

26. Get Your Play Dough

27. Production Rounds Each product must have 2 colors. You may only use your hands – no capital. You may specialize. Produce at least one of each but as many as possible.

28. Time IS UP! Count the quantity produced of each product. Record the quantities on the “Revenues Worksheet” We will do a class total. We will draw a demand card. We will determine prices and factory earnings.

30. Between The Rounds Tally your round one results Plan your production strategy for round 2. The production manager has the final authority on what to produce.

31. Get Your Play Dough

32. Production Rounds Each product must have 2 colors. You may only use your hands – no capital. You may specialize. Produce at least one of each but as many as possible.

33. Time IS UP! Count the quantity produced of each product. Record the quantities on the “Revenues Worksheet. We will do a class total. We will draw a demand card. We will determine prices and factory earnings.

35. Process What patterns do you see in the Supply, Demand, and Market Price Chart? In a market, what two things are needed for a price to be determined? What caused price to change?

36. More Process How did price influence your production decisions? 5. How did other groups influence your strategy and plans?

37. Laura Ewing President/CEO Texas Council on Economic Education (TCEE) www.economicstexas.org Laura@economicstexas.org 713-655-1650