Winston-Salem/Forsyth County Schools



Lesson Plan – Unit 6 Day 1Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.1, 1.200CE.E. 1.1, 1.2Objective/Standard25603207493How does scarcity affect decision making of businesses, individuals, and countries?00How does scarcity affect decision making of businesses, individuals, and countries?Essential Question25603230988Economics, Economic System, Scarcity, 3 Basic Needs, 4 Factors of Production, 3 Basic Economic Questions, Division of Labor/Specialization, Interdependence00Economics, Economic System, Scarcity, 3 Basic Needs, 4 Factors of Production, 3 Basic Economic Questions, Division of Labor/Specialization, InterdependenceKey Vocabulary10972227736Set up for Arctic Survival ActivitySetting, Resources, Goals00Set up for Arctic Survival ActivitySetting, Resources, GoalsExplore, model and demonstrate strategies25602223012Round 1 – Students try to make a fish, poncho, and igloo using resources.Round 2 – Students will be given 15 minutes to plan. Use problems of Round 1 to plan for Round 2.Each Round class has 20 minutes to produce as many fish, ponchos, igloos as possible. One of each = 1 person lives.HW – Unit 6 Day 1 & 2 – Basic Economic Terms (vocabulary) pgs. 499-509 – Civics Today00Round 1 – Students try to make a fish, poncho, and igloo using resources.Round 2 – Students will be given 15 minutes to plan. Use problems of Round 1 to plan for Round 2.Each Round class has 20 minutes to produce as many fish, ponchos, igloos as possible. One of each = 1 person lives.HW – Unit 6 Day 1 & 2 – Basic Economic Terms (vocabulary) pgs. 499-509 – Civics TodayGuided Practice10973260401Notes on Arctic Survival (Day 2)Quiz on Arctic Survival. Basic Economic Terms. (Day 3)00Notes on Arctic Survival (Day 2)Quiz on Arctic Survival. Basic Economic Terms. (Day 3)Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 2Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.1, 1.200CE.E. 1.1, 1.2Objective/Standard25603207493How does scarcity affect decision making of businesses, individuals, and countries?00How does scarcity affect decision making of businesses, individuals, and countries?Essential Question25603230988Economics, Economic System, Scarcity, 3 Basic Needs, 4 Factors of Production, 3 Basic Economic Questions, Division of Labor/Specialization, Interdependence00Economics, Economic System, Scarcity, 3 Basic Needs, 4 Factors of Production, 3 Basic Economic Questions, Division of Labor/Specialization, InterdependenceKey Vocabulary10972227736Notes on Arctic Survival (PowerPoint)Review Economic Concepts of each round of Arctic Survival.00Notes on Arctic Survival (PowerPoint)Review Economic Concepts of each round of Arctic Survival.Explore, model and demonstrate strategies25602223012The Lorax VideoStudents will identify basic economic concepts in the video. (6 Questions)Unit 6 Packet – Day 1 & 200The Lorax VideoStudents will identify basic economic concepts in the video. (6 Questions)Unit 6 Packet – Day 1 & 2Guided Practice10973260401Notes on Arctic Survival (Day 2)Quiz on Arctic Survival. Basic Economic Terms. (Day 3)00Notes on Arctic Survival (Day 2)Quiz on Arctic Survival. Basic Economic Terms. (Day 3)Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 3Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.2, 1.400CE.E. 1.2, 1.4Objective/Standard25603207493Why may a country choose one economic system over another? How do economic systems deal with scarcity?00Why may a country choose one economic system over another? How do economic systems deal with scarcity?Essential Question25603230988Traditional, Command, Market, Mixed Economic SystemsMixed Market Economy, Adam Smith, laissez-faire, invisible hand, characteristics of the US Economy00Traditional, Command, Market, Mixed Economic SystemsMixed Market Economy, Adam Smith, laissez-faire, invisible hand, characteristics of the US EconomyKey Vocabulary10972227736Review the Political Spectrum – Set up for the economic spectrum.Work through the different economic systems, and where they fall on the spectrum.Mixed Market Economy (US System)00Review the Political Spectrum – Set up for the economic spectrum.Work through the different economic systems, and where they fall on the spectrum.Mixed Market Economy (US System)Explore, model and demonstrate strategies25602223012Unit 6 – Day 3 PacketAdam Smith, Characteristics of the US Economy00Unit 6 – Day 3 PacketAdam Smith, Characteristics of the US EconomyGuided Practice10973260401Review Day 4 – Circular Flow ModelFill in to understand a mixed market economy.00Review Day 4 – Circular Flow ModelFill in to understand a mixed market economy.Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 4Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.300CE.E. 1.3Objective/Standard25603207493How do consumers and businesses react to the forces of supply and demand?00How do consumers and businesses react to the forces of supply and demand?Essential Question25603230988Demand, determinants of demand, diminishing marginal utility, demand elasticity, supply, determinants of supply, surplus, shortage00Demand, determinants of demand, diminishing marginal utility, demand elasticity, supply, determinants of supply, surplus, shortageKey Vocabulary10972227736Class Activity – Demand for Doughnuts, Supply of DoughnutsTeacher will bring in a dozen doughnuts.Graph demand and supply of doughnuts.00Class Activity – Demand for Doughnuts, Supply of DoughnutsTeacher will bring in a dozen doughnuts.Graph demand and supply of doughnuts.Explore, model and demonstrate strategies256022230121) Graph demand & supply of doughnuts.2) Unit 6 – Day 4 Packet001) Graph demand & supply of doughnuts.2) Unit 6 – Day 4 PacketGuided Practice1097326040100Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 5Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.3, 1.400CE.E. 1.3, 1.4Objective/Standard25603207493How do consumers and businesses react to the forces of supply and demand?How 00How do consumers and businesses react to the forces of supply and demand?How Essential Question25603230988Equilibrium price, surplus, shortage, price controls, price ceiling, price floor00Equilibrium price, surplus, shortage, price controls, price ceiling, price floorKey Vocabulary10972227736Review the Graph of Supply & Demand.Answer questions about changes in supply & demand.00Review the Graph of Supply & Demand.Answer questions about changes in supply & demand.Explore, model and demonstrate strategies25602223012Graph changes in supply & demand to understand how changes impact both price and quantity.Unit 6 – Day 5 Packet – Vocab terms for market price and changes in supply and demand.00Graph changes in supply & demand to understand how changes impact both price and quantity.Unit 6 – Day 5 Packet – Vocab terms for market price and changes in supply and demand.Guided Practice10973260401Day 6 Quiz – Supply & Demand00Day 6 Quiz – Supply & DemandCheck for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 6Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.5, 3.1, 3.300CE.E. 1.5, 3.1, 3.3Objective/Standard25603207493Why is competition important in a market economy?00Why is competition important in a market economy?Essential Question25603230988Sole proprietorship, partnership, corporation, liability & life, perfect competition, imperfect competition, monopoly, monopolistic competition, oligopoly, merger, regulation v deregulation00Sole proprietorship, partnership, corporation, liability & life, perfect competition, imperfect competition, monopoly, monopolistic competition, oligopoly, merger, regulation v deregulationKey Vocabulary10972227736Why is competition important? (sports analogy)00Why is competition important? (sports analogy)Explore, model and demonstrate strategies25602223012Unit 6 – Day 6 PacketChart of Business OrganizationsTypes of Competition00Unit 6 – Day 6 PacketChart of Business OrganizationsTypes of CompetitionGuided Practice10973260401Bell Ringer - Review Day 7 00Bell Ringer - Review Day 7 Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 7Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.6, 3.100CE.E. 1.6, 3.1Objective/Standard25603207493Why is competition important in a market economy?00Why is competition important in a market economy?Essential Question25603230988Labor Force, Labor Unions, Collective Bargaining, mediation, arbitration, strike, picketing, boycott, injunction, lockout, right-to-work laws, National Labor Relations Board00Labor Force, Labor Unions, Collective Bargaining, mediation, arbitration, strike, picketing, boycott, injunction, lockout, right-to-work laws, National Labor Relations BoardKey Vocabulary10972227736Introduce labor (types of skill) Wages – Supply & Demand00Introduce labor (types of skill) Wages – Supply & DemandExplore, model and demonstrate strategies25602223012Unit 6 – Day 7 PacketLabor & Labor Union Vocabulary00Unit 6 – Day 7 PacketLabor & Labor Union VocabularyGuided Practice10973260401Review Day 7 – Labor Issues00Review Day 7 – Labor IssuesCheck for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 8Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.6, 3.100CE.E. 1.6, 3.1Objective/Standard25603207493How do different levels of government stimulate economic activity?00How do different levels of government stimulate economic activity?Essential Question25603230988Business Cycle, Economic Indicators00Business Cycle, Economic IndicatorsKey Vocabulary10972227736Business CyclePhases & Causes of the Business Cycle00Business CyclePhases & Causes of the Business CycleExplore, model and demonstrate strategies25602223012Unit 6 – Day 8 PacketPhases of the Business CycleEconomic Indicators00Unit 6 – Day 8 PacketPhases of the Business CycleEconomic IndicatorsGuided Practice10973260401Business Cycle ChartStudents will draw business cycle.Place indicators on the business cycle.00Business Cycle ChartStudents will draw business cycle.Place indicators on the business cycle.Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 9Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 3.200CE.E. 3.2Objective/Standard25603207493How do the different levels of government stimulate economic activity?00How do the different levels of government stimulate economic activity?Essential Question25603230988Functions of Money, Currency, banks, federal reserve, tools of the fed, monetary policy (loose, tight)00Functions of Money, Currency, banks, federal reserve, tools of the fed, monetary policy (loose, tight)Key Vocabulary10972227736Business Cycle (Inflation, Recession)Federal Reserve & the Sink (Loose & Tight Policy)00Business Cycle (Inflation, Recession)Federal Reserve & the Sink (Loose & Tight Policy)Explore, model and demonstrate strategies25602223012Unit 6 – Day 9 PacketBasic Monetary Policy VocabWork through Econ Indicators/Business Cycle & the Federal Reserve (class activity)00Unit 6 – Day 9 PacketBasic Monetary Policy VocabWork through Econ Indicators/Business Cycle & the Federal Reserve (class activity)Guided Practice10973260401Bell Ringer – 2 Economic Problems & the Federal Reserve00Bell Ringer – 2 Economic Problems & the Federal ReserveCheck for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 10Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 3.1, 3.200CE.E. 3.1, 3.2Objective/Standard25603207493How do different levels of government stimulate the economy?00How do different levels of government stimulate the economy?Essential Question25603230988Fiscal Policy, taxes/revenue, expenditures, federal/state budget, 00Fiscal Policy, taxes/revenue, expenditures, federal/state budget, Key Vocabulary10972227736Review Monetary Policy Tools of the Federal Reserve Handout (unit 6 – Day 9 packet)Introduce Fiscal Policy00Review Monetary Policy Tools of the Federal Reserve Handout (unit 6 – Day 9 packet)Introduce Fiscal PolicyExplore, model and demonstrate strategies25602223012Unit 6 – Day 10 & 11 PacketFederal BudgetState & Local Budget00Unit 6 – Day 10 & 11 PacketFederal BudgetState & Local BudgetGuided Practice10973260401Review Day 9 – Tools of the Federal Reserve 00Review Day 9 – Tools of the Federal Reserve Check for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 11Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 3.1, 3.200CE.E. 3.1, 3.2Objective/Standard25603207493How do different levels of government stimulate economic activity?00How do different levels of government stimulate economic activity?Essential Question25603230988Types of Taxation, Budget (Deficit, Surplus)00Types of Taxation, Budget (Deficit, Surplus)Key Vocabulary10972227736Review Fiscal Policy00Review Fiscal PolicyExplore, model and demonstrate strategies25602223012How Income Taxes Affect the Economy – Unit 6 Day 10 & 11 Packet.00How Income Taxes Affect the Economy – Unit 6 Day 10 & 11 Packet.Guided Practice10973260401Federal Reserve Quiz00Federal Reserve QuizCheck for Understanding/Formative AssessmentLesson Plan – Unit 6 Day 12Teacher: LORENTZ Course: CIVICS & ECONOMICSright215544CE.E. 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 3.1, 3.2, 3.300CE.E. 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 3.1, 3.2, 3.3Objective/Standard25603207493Why are individual choice and competition important in a free market economy?00Why are individual choice and competition important in a free market economy?Essential Question25603230988All Unit 6 Vocabulary00All Unit 6 VocabularyKey Vocabulary10972227736Review – Unit 6 Test Review00Review – Unit 6 Test ReviewExplore, model and demonstrate strategies25602223012Unit 6 – Review Game00Unit 6 – Review GameGuided Practice10973260401Unit 6 Test00Unit 6 TestCheck for Understanding/Formative Assessment ................
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