Week of 08/12/24 Lesson Plans

What

Week of 08/12/24 Lesson Plans

When

8/12/2024, 8:00 PM – 9:00 PM

Economics Lesson Plans
Week of: 08/12/24


Monday
Standard(s):SSEF2: The student will give examples of how rational decision making entails comparing the marginal benefits and the marginal costs of an action.
SSEF2a: Define marginal cost and marginal benefit.
SSEF1d: d. Define opportunity cost as the next best alternative given up when individuals, businesses, and governments confront scarcity by making choices.

LT:I can define opportunity cost and explain how it impacts the decision making of individuals, businesses, and governments.

SC:I can define opportunity cost.
I can describe how opportunity cost influences our decisions
I can identify how individuals use opportunity cost to weight consequences.

Lesson/Activity:Opportunity Cost/ Tradeoffs. Guns and Butter Discussion. Minimum Wage Activity

Resources:



Tuesday
Standard(s):SSEF3 Analyze how economic systems influence the choices of individuals, businesses, and governments.

LT:We are learning how economic systems influence the choices of individuals, businesses, and governments.

SC:I can describe and compare command, market, and mixed economic systems.
I can explain how economies answer the three basic economic questions: what to produce, how to produce it, and for whom to produce it for?

Lesson/Activity: Types of Economic Systems and Economic Values

Resources:Economic Systems Powerpoint and Vocab Matrix



Wednesday
Standard(s):SSEF3 Analyze how economic systems influence the choices of individuals, businesses, and governments.
LT: Learning Target:We are learning how economic systems influence the choices of individuals, businesses, and governments.

SC: I can describe and compare command, market, and mixed economic systems.
I can explain how economies answer the three basic economic questions: what to produce, how to produce it, and for whom to produce it for?

Lesson/Activity:Command and Mixed Economies.
Resources: Parking Lot Activity and Cuban Farm Program Article or Parking Lots



Thursday
Standard(s):SSEF3 Analyze how economic systems influence the choices of individuals, businesses, and governments.
LT: Learning Target:We are learning how economic systems influence the choices of individuals, businesses, and governments.

SC: I can describe and compare command, market, and mixed economic systems.
I can explain how economies answer the three basic economic questions: what to produce, how to produce it, and for whom to produce it for?

Lesson/Activity: Finish economic system notes
Resources: Jewelry Making Activity



Friday
Standard(s):SSEF5 Describe the roles of government in the United States economy.

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Explain the effects on consumers and producers caused by government regulation and deregulation.

LT:I can explain how specialization and voluntary exchange between buyers and sellers increase the satisfaction of both parties and the effect negative externalities have on society

SC:I can illustrate why sustainability is important when making a good business decision and why it factors into society.

Lesson/Activity: Free market Economies. Paperclip Activity.
Resources: Paperclip-Private Property Activity