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Econ 4a

Econ 4a. 7 th Grade Honors S.S. Nikki Miller Seaford Middle School. Economics 4a Review . To Do Have a seat Agenda: Warm Up: Pretest Go over pretest Cnn student news Homework: None. Economics 4a Review . To Do Have a seat Agenda: Warm Up: Economic Breakdown Song

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Econ 4a

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  1. Econ 4a 7th Grade Honors S.S. Nikki Miller Seaford Middle School

  2. Economics 4aReview To Do Have a seat Agenda: Warm Up: Pretest Go over pretest Cnn student news Homework: None

  3. Economics 4aReview To Do Have a seat Agenda: Warm Up: Economic Breakdown Song -Jigsaw for Vocab that needs to be revisited -First 7 Minutes of Intro To Economics -Review: complete What Economics is all about w/ organizer Homework:

  4. Vocabulary Jigsaw Using the notes complete the organizer for your assigned words. Pair up with someone who is same # as you, compare notes Pair up w/ opposite # and fill in chart for other words

  5. What Economics Is All About • Read handout with your partner & complete organizer as you work through the handout. • Share-out answers

  6. Exit Ticket AHA! Write something you finally understand in Economics HUH?? Write down something you still need help understanding

  7. Economics 4aReview To Do Have a seat Agenda: Warm Up: Clear up some of the Huhs? -Finish What is Economics reading/organizer -Widgets to review specialization & craftsman Homework: Summarize in a paragraph the 3 types of Economic Systems

  8. Lets go over some of the Huhs? Resources: Watch first 7 min: Intro to Econ Nature of Economics GDP: Gross Domestic Product: this is how much a country produces in one year (determines the wealth of a country) Caste System: To keep this simple it is a social structure. Commonly seen in India, people “belong” to a place within society and you interact with the people in your “level”. This is a cultural value, therefore reflects typically a Traditional Economy.

  9. The Difference between the 3 types of Economic Systems • No country is purely traditional, command, or market. • Economic Systems are needed because scarcity forces us to decide: - What - How - For Whom TO PRODUCE Copy this

  10. Go over What is Economics organizer…see notebook file

  11. Which Economic System is Best? • What do you think??? Turn to your partner, pick one of the 3, and tell them why you think this. • Most would agree MARKET: Because it allows individual freedom and raises the standard of living.

  12. Economics 4aReview To Do Get out your homework Agenda: Warm Up: homework recap -Widgets to review specialization & craftsman Homework: none

  13. How to produce widgets • Stack 2 sheet of scrap paper • Using the ruler and pencil mark three dots at 1.5”, 5.5”, & 9.5” (along the long side of the paper) • Using single-hole punch, punch a hole at each of the 3 dots • Slip a paper clip through the middle hole to hold the two pieces of paper together. • For decoration, draw a flower around each of the other two holes using the pen

  14. Lets discuss your production plan… • What are some ways you could organize widget production? • Describe another method which could be used? • What are the inputs (factors of production) needed to produce widgets?

  15. Lets discuss your production plan… • What are some ways you could organize widget production? Divide labor in order to specialize • Describe another method which could be used? Craftsperson method where one person performs just ALL steps in production process • What are the inputs (factors of production) needed to produce widgets? Paper, pencil, ruler, single-hole punch, pen, paper clips, workers, a place to work

  16. Specifics of your job…

  17. Warm UP • Read your homework to your shoulder partner. • Once you both have read your homework discuss: Who makes the decisions in a traditional economy, command economy, market economy?

  18. How production will run • You will have 2 minutes to produce as many widgets as possible • Make sure they look perfect I will be inspecting them and rejecting ones that do not meet the standard.

  19. Charting our Data (addendum 4-1) • Column 5 show labor productivity • Productivity = Output/# of workers

  20. Check for understanding • Which group had the most productive workers? • Which method seemed to be most productive (compare the figures in column 5) • What are the cost/benefits of the specialist method? • What are the costs/benefits of the craftsperson method?

  21. You payment • You will be paid for your groups output of widgets • For every correct widget your group produced you will receive payment.

  22. How can we increase productivity? • In this round you will try to improve productivity, but you may not change the basic method of production or use more materials

  23. Round 2 • Repeat the process of creating your widgets, you may not change your production method • After 2 minutes I will check your widgets, chart data, you will receive payment

  24. Round 3 • A new invention has been made! A 3 ring hole-punch! • But there is only 1! • What distribution method should we use?

  25. Round 3 • Repeat the process of creating your widgets, you may not change your production method • After 2 minutes I will check your widgets, chart data, you will receive payment

  26. Exit Ticket • How does technology affect the means of production? • Explain your answer with an example from today’s simulation

  27. Economics 4aLaunch To Do Agenda: Review from Friday Warm Up Launch The Unit: View How It’s Made Tooth picks Student Learning Map Preview Homework: 3,2,1

  28. Widgets Recap • What productive resources were used? • Which group had the highest productivity? • What are the costs/benefits of specialist method? • What are the costs/benefits of the craftsman method?

  29. Warm UP • What are the 5 themes of geography? • Give an example of each

  30. Launch Imagine a week in which all the things they use, wear, and eat were limited to items produced in the state of Delaware. What items would be unavailable? What would the impact of these goods and services not being available?

  31. Where do you think most of their clothing are made?

  32. Copy This Chart

  33. Let’s investigate • Working with a partner have check labels on the items I have put in your container. • Place the item & country name on your chart • Then using the atlas & the world map, place an X on the country where the items were made! • Finally come to the Big Map and put an X on the countries where your products were made

  34. Let’s discuss Are there particular regions of the world that dominate the maps? How do events in other parts of the world affect these dominant regions? Do we live independently of other nations, or are we dependent? What are the consequences of this dependency?

  35. Summarize what you learned 3 regions of the world where production takes place 2 productive resources used to make the products you viewed 1thing you hope to learn in this unit

  36. Economics 4aLEQ: Why do individuals and countries trade? To Do Get out your 3,2,1 from last night’s homework, write down your homework for tonight Agenda: Complete Launch - Go over discussion questions - Review SLM Preview Vocabulary for 1st concept Homework: Create an organizer of some sort to study your vocabulary (foldable, flash cards)

  37. Let’s discuss Are there particular regions of the world that dominate the maps? How do events in other parts of the world affect these dominant regions? Do we live independently of other nations, or are we dependent? What are the consequences of this dependency?

  38. Student Learning Map Topic: Econ 4a Key Learning: Countries will take part in international trade. Once it takes place, governments often enact policies to restrict or allow free trade. These government policies will affect consumers and producers. Essential Question: How do government policies impact the movement of products between nations?

  39. Student Learning Map Topic: Econ 4a Key Learning: Countries will take part in international trade. Once it takes place, governments often enact policies to restrict or allow free trade. These government policies will affect consumers and producers. Essential Question: How do government policies impact the movement of products between nations? Copy this

  40. Vocab Preview • # your paper 1-6 • As you see the different pictures, write down 1 or two words you associate with that picture.

  41. Picture #1 Picture #2

  42. Picture #3 Pictures #4

  43. Picture #5 Picture #6

  44. So what did you think the pictures represented?

  45. Trade Productive Resources

  46. Voluntary exchange Standard of Living

  47. Interdependence Scarcity

  48. Rank your knowledge of the words • On the handout rank how well you think you know this vocabulary. • Put an X beside your comfort level.

  49. Previewing Vocabulary Now in the Pre section write what you think the word means and explain why you selected that meaning for the word.

  50. Write in the correct definition Trade: An exchange of goods Productive Resources: Land, Labor, Capital (necessary components to make a product) Voluntary Exchange: People decide what, when, and how they want to buy and sell. Standard Of Living: Measure of how one lives. Interdependence: Shared need of countries for resources, goods, services, labor, and knowledge supplied by other countries. Scarcity: Unlimited wants, with limited resources to satisfy those wants.

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