Students learn that the Columbian Exchange resulted in an enormous exchange of …
Students learn that the Columbian Exchange resulted in an enormous exchange of goods, resources, and institutions between the Old World and the New World and that the results of the Exchange were both positive and negative. Slides for the lesson are included.
In this lesson students learn about demand and factors that cause demand …
In this lesson students learn about demand and factors that cause demand for a good or service to change. They also learn to recognize factors that influence their behavior as a consumers. Students will define quantity demanded, give examples of changes in demand caused by changes in consumer tastes and preferences, consumer income, number of consumers, and prices of related goods and services. Students will identify an increase or decrease using in a graph. Students will also predict an increase or decrease in demand when given pertinent information and explain what causes a shift in demand.
This lesson introduces students to three basic economic indicators: real GDP, the …
This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate. The students work in small groups to develop an economic forecast, using the three basic economic indicators. They participate in a simulation activity involving a fictional economic forecasting firm. The firm has taken on a client who wishes to start a new business and wants to know whether this is a good idea, given the current economic climate. To advise the client, the students produce a report based on research they conduct about the state of the economy, according to the three economic indicators.
Throughout this lesson students take note of the role of risk and …
Throughout this lesson students take note of the role of risk and incentives as factors found in all entrepreneurial pursuits. They will analyze, compare and evaluate personal characteristics of entrepreneurs. They will also develop a greater self-understanding as they determine if they have the traits found in successful entrepreneurs. Finally, students set goals, which will help them to become more entrepreneurial.
In this lesson students learn decision making skills that will help them …
In this lesson students learn decision making skills that will help them become better consumers. They learn about the importance of price information in making their decisions. Students will gather information on different brands of athletic shoes and determine the best buy. Then, students identify a toy or game they would like to buy. To help determine where to purchase their toy or game, students gather information from online resources. Finally, students conduct interviews to determine how adult they know use e-commerce. They draw generalizations from their data and create a report of their findings.
In this lesson, students review the concepts of goods, services, and producers …
In this lesson, students review the concepts of goods, services, and producers while identifying examples of each in a teacher's classroom. They learn about the three kinds of resources necessary to produce goods and provide services locating examples from a picture tour of the Crayola Factory. Students will explain the roles and impact producers and consumers have on the economy. Finally, they examine a picture of a farmer working in a field to identify examples of natural, human, and capital resources.
Through the activity of drawing a supply and demand graph, students will …
Through the activity of drawing a supply and demand graph, students will visulaize the relationship between supply and demand and be able to graphically illustrate what the market price (equilibirum price) means. Drawing and labeling their own graphs will assist students in learning to intrepret supply and demand graphs--changing graphical information to verbal information.
Students will identify examples of productive resources; categorize productive resources as human …
Students will identify examples of productive resources; categorize productive resources as human resources, capital resources, and natural resources; explain that an entrepreneur is a special type of human resource identify examples of intermediate goods.
This lesson will discuss absolute advantage, comparative advantage, specialization and trade with …
This lesson will discuss absolute advantage, comparative advantage, specialization and trade with an example using professional basketball player LeBron James.
This lesson will focus on what the nation consumes and how that …
This lesson will focus on what the nation consumes and how that is measured by Gross Domestic Product (GDP). In the United States, the goods and services produced for household consumption account for about two-thirds of total output.
Students will list characteristics associated with an entrepreneur, which will be used …
Students will list characteristics associated with an entrepreneur, which will be used to create a definition of an entrepreneur. Using their definition students should be able to identify an entrepreneur and explain why the entrepreneur is an entrepreneur and explain the difference between an entrepreneur and an intrapreneur.
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