ECONOMICS

LESSON ONE

Monday – Class Introduction

Tuesday – Lecture: Choices

Wednesday – Chapter 1 w/s

Thursday – Game: “Bag Trading”

Friday – Test A1

STATE STANDARD

Strand IV. Economic Perspective

Students will use knowledge of the production, distribution, and consumption of goods and services to make personal and societal decisions about the use of scarce resources.

Standard IV.I Individual and Household Choices

All students will describe and demonstrate how the economic forces of scarcity and choice affect the management of personal financial resources, shape consumer decisions regarding the purchase, use, and disposal of goods and services, and affect the economic well-being of individuals and society.

Standard IV.5 Trade

All students will describe how trade generates economic development and interdependence and analyze the resulting challenges and benefits for individuals, producers, and government.