Civics and Economics



Civics and Economics

Day 50 combo

Goal 8.01

Essential Questions:

8.01 How does a market economy protect consumers?

• 8.01 What are the advantages and disadvantages to consumers when the government intervenes in the economy?

• 8.01 Why might a nation choose one economic system over another?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Markets/Competition) |(Globalization) |

|Buyers and sellers |Multinational |

|Monopoly |Conglomerates |

|Oligopoly | |

|Competitive market | |

|Mergers | |

|Horizontal merger | |

|Vertical merger | |

|Conglomerates | |

Civics and Economics

Day 51 combo

Goal 8.02

Essential Questions:

8.01 How does a market economy protect consumers?

• 8.01 What are the advantages and disadvantages to consumers when the government intervenes in the economy?

• 8.01 Why might a nation choose one economic system over another?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Mixed Market) |(Free Enterprise) |

|Private property |Goals for Free Enterprise |

|Voluntary exchange |Security |

|Patents |Equity |

|Copyrights |Freedom |

|Productivity |Full employment |

|Specialization | |

|Division of Labor | |

|Efficiency | |

(COMBO LESSON) New 12/14/2011

Starting the Lesson

Students will view a short video on saving money followed by discussion.

Presentation

Students will view a power point on Free Enterprise and the Business Cycle & discuss Supply & Demand.

Guided Practice/Independent Practice

Students will complete a goal 8.02 worksheet on ownership & intellectual property.

Independent Practice

Make car advertisements, trace how competing dealerships entice potential buyers to their brands and products.

Evaluation

Students will construct their own circular flow model.

Closure

Students will complete their classroom exit cards and answer the following questions: What did I learn? What did I not understand? What do I need to review? Word Wall (blinds)

Civics and Economics

Day 52

Goal 8.03

Essential Questions:

• 8.03 How would a disruption in any segment of the circular flow of economic activity impact the other parts?

• 8.03 How does the capitalist system of economic exchange promote economic interdependence?

• 8.03 What impact does government regulation have on the circular flow model?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Markets) |(Economic Activity/Exchange) |

|Factor Market (household) |Circular flow model |

|Product Market (business) |Wages |

| |Salary |

| |Economic interdependence |

Starting the Lesson

Bell Ringer Review

Presentation

Students will view a power point on the Business Cycle

Guided Practice/Independent Practice

Students will fill in a graphic organizer on types of businesses & the US banking system

Evaluation

Students will answer questions on Supply and Demand.

*if time/ Word Wall

Closure

Students will complete their classroom exit cards and answer the following questions: What did I learn? What did I not understand? What do I need to review?

Civics and Economics

Day 53

Goal 8.04

Essential Questions:

• 8.04 How does the government affect supply and demand schedules in the U.S. economy?

• 8.04 Why do consumers choose substitute goods and how do these goods impact price?

• 8.04 What factors affect a household’s disposable income?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Demand) |(Influences on Supply/Demand) |

|Demand Curve |Personal income |

|Demand schedule |Disposal income |

|(Supply) |Complimentary goods |

|Supply curve |Substitute goods |

|Supply schedule | |

|Equilibrium/Market price | |

| | |

| | |

Starting the Lesson

Bell Ringer Review

Presentation

Students will view a power point on Competition & fill in the blanks on their notes.

Guided Practice/Independent Practice

Students will review economic vocabulary by creating their own Word Wall terms.

Evaluation

Students will take an Economic Systems test.

Closure

Students will complete their classroom exit cards and answer the following questions: What did I learn? What did I not understand? What do I need to review?

Civics and Economics

Day 54

Goal 8.05

Essential Questions:

8.05 What are the pros and cons of wage and price controls and what affect do these have on the economy?

• 8.05 How do consumers and markets react to both shortages and surpluses?

• 8.05 What role does the government play when either a shortage or surplus of goods and services exists?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Price Change) |Inflation |

|Surplus |Deflation |

|Shortage |Wage and price control |

|Consumer Tastes |Interest rates |

|Minimum wage | |

| | |

| | |

| | |

Starting the Lesson

Bell Ringer Review

Presentation

How do Corporations raise capital? notes

Guided Practice/Independent Practice

Trade & Investment worksheet/ Graphic Organizer

Evaluation

Word Wall Terms

Closure

Students will complete their classroom exit cards and answer the following questions: What did I learn? What did I not understand? What do I need to review?

Civics and Economics

Day 55

Goal 8.04

Essential Questions:

• 8.04 How does the government affect supply and demand schedules in the U.S. economy?

• 8.04 Why do consumers choose substitute goods and how do these goods impact price?

• 8.04 What factors affect a household’s disposable income?

Major Concepts: Change, Power, Influence

Minor Concepts: Competition, Markets, Price, Globalization

Factual Content

|(Demand) |(Influences on Supply/Demand) |

|Demand Curve |Personal income |

|Demand schedule |Disposal income |

|(Supply) |Complimentary goods |

|Supply curve |Substitute goods |

|Supply schedule | |

|Equilibrium/Market price | |

| | |

| | |

Starting the Lesson

Bell Ringer Review

Presentation

Students will be given an oral review of material we have gone over.

Evaluation

Students will take their choice of an essay test or multiple choice test for Goal 8 CE.

Closure

Students will complete their classroom exit cards and answer the following questions: What did I learn? What did I not understand? What do I need to review?

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