SOL 1.8 Wants, Needs, and Choices Thematic Unit: 5 sheets: includes worksheets, interactive notes, wants and needs sort, and journal.
.Key points covered:
.What are wants?
.What are needs?
.Choices must be made because of limited supply of money
This complete unit plan bundles together my six full lesson plans on supply and demand, and it comes with the accompanying unit materials. The unit focuses on the principles of supply and demand, and it introduces students to the related concepts
The focus of this activity is to introduce and understand the concept of environmental destruction and sustainable development by using the ideas found in 'The Lorax', written by Dr. Seuss. After the class has read The LORAX, students complete this
This complete unit plan bundles together my five full lesson plans on Economic Indicators, and it comes with the accompanying unit materials. The unit focuses on the study of business cycles through the lens of the three main economic indicators:
This complete unit plan bundles together my seven full lesson plans on market structure, and it comes with the accompanying unit materials, too. The unit focuses on the four different market structures: perfect competition, monopoly, oligopoly, and
This is a complete lesson plan about the basic history and organizational structure of the Federal Reserve System. It also explores the Fed’s three major functions: the payments system, supervision and regulation, and monetary policy. (This lesson
This is a complete lesson plan about the functions, types, and characteristics of money. It also takes an in-depth look at the M1 and M2 money supplies, and the monetary base. (This lesson is part of a larger unit on The Financial
This is a complete lesson plan that explores the many facets of Gross Domestic Product. It examines the three different ways to calculate GDP, the difference between nominal GDP and real GDP, and GDP per capita. (This lesson is part of a larger
9 slides for first day of economics. Group exercise in setting up a zoo to demonstrate scarcity, opportunity cost, benefits v costs, etc. On slide 7, hear Obama say, "There Is No Such Thing As A Free Lunch." Or, TINSTAAFL.
Various stock market activities and PowerPoint Presentations you could use in your classroom if you are teaching the stock market or preparing students to play the Stock Market Simulation. Pre-Quiz, PowerPoint Notes, Rating Stocks Assignments, Quiz,
This is a complete lesson plan about how price ceilings, price floors, and quantity controls distort markets out of equilibrium. It also explores the good and bad consequences of these price controls. (This lesson is part of a larger unit on
This is a complete lesson plan that explores the fluctuating relationship between GDP, unemployment, and inflation. (This lesson is part of a larger unit on Economic Indicators.)
THIS DOWNLOAD INCLUDES:
1) Warm Up Activity -- list prior knowledge
This is a complete lesson plan that explores the calculations behind inflation, its causes and effects, and why a low, but positive, inflation rate is the policy goal of many governments. (This lesson is part of a larger unit on Economic
This is a complete lesson plan about the functions, problems, and regulations of the banking system. It also explores the money multiplier and how banks create money by loaning out their excess reserves. (This lesson is part of a larger unit on
This is a complete lesson plan about the law of supply. It explores the relationship between price and quantity supplied, why supply might change, and how to graph those changes. (This lesson is part of a larger unit on Supply and Demand.)
This activity involves both candy and a group activity- some of the better learning tools available to us as educators!
After experiencing and participating in this activity, students will be able to fully comprehend the concept of opportunity
These are 67 fantastic slides showing the opportunity cost of smoking. It shows good lungs, bad lungs and even what happened to the last Marleboro Man. These slides will impact anyone's attitude about smoking.
Economics, in the simplest terms, is the study of scarcity. It is important to understand that humans, and hence society as a whole, have unlimited wants but only limited means. As such, we cannot each “have it all,” and instead must make
This is a complete lesson plan that explores the unemployment rate, historical unemployment data, and different types of unemployment. It also emphasizes the causes and treatments of unemployment. (This lesson is part of a larger unit on Economic
This is a complete lesson plan that serves as an introduction to the concept of monopoly. It explores the characteristics of monopolies, the ways in which they maintain market power, and how society attempts to control them. (It pairs nicely with
This is a complete lesson plan about the relationship between savings and investment. It emphasizes the savings-investment spending identity, and it takes an in-depth look at the loanable funds market using graphs and an interactive simulation.
This unit bundles together my seven complete lessons on The Financial Sector, but it does not come with the accompanying unit materials yet. (I have chosen to post this unit bundle before completing the unit materials due to several inquiries
This is a complete lesson plan about the many aspects of the financial system. Its main emphasis is on the stock market and the types of investments students will likely encounter during their lives. It also discusses the functions of the
This is a short exercise designed to get students comfortable with graphing supply and demand curves as well as to understand the concept of equilibrium price and quantity.
By the end of this activity students will be able to:
Graph a supply and
After much searching and pondering I have created my own beginning money lapbook. Students will learn the basic four coins (quarter, nickel, dime, and penny) and their characteristics. They will also have this take away study guide/center when the
This is a complete lesson plan about how supply and demand interact to achieve equilibrium. Students discover how equilibrium is achieved in a market economy, and they explore how real-world changes in supply and/or demand affect price and
In this worksheet, students must show graphically the effects on price and quantity for various shifts of supply and demand. In addition, there are two questions where students must graph the effects of price controls, both ceilings and floors.
Bilingual Spanish/English Social Studies response to text about Urban, Suburban and Rural. Cut/Paste/Write/Discuss. Same 5 pages in Spanish as in English. Great for assessment after unit of study or to accompany the unit of study to ensure
This product is a simulation activity that was very successful in a 7th grade inclusion Social Studies class. Students are "born" into countries of the Middle East. They then must barter or trade the resources available to them. They have a
This PowerPoint is a comprehensive introduction the study of economics. It examines:
• the 5 economic questions
• what are resources
• needs and wants
• the economic problem
• opportunity cost
• factors of production
• the production
This is a complete lesson plan about the various costs that a business incurs: fixed costs, variable costs, average costs, and marginal cost. It also explores the difference between short run and long run ATC curves. (This lesson pairs nicely with
This recently-updated PowerPoint presentation examines what goes into the cost of a barrel of crude oil, real vs. nominal gas prices, where the U.S. imports its oil from, OPEC, reasons for high recent gas prices, and much more!
The PowerPoint also
Extending beyond the basics of finance, this unit focuses on the history of money, the stock market, printing money, the money cycle, the checkbook, the credit cards, tracing the Dow, the Federal Reserve System, mutual funds, trading money, bonds
The preview includes only 2 questions out of 30. You can test it out to see how it works, but the game does not fully work unless you have the entire Jeopardy PowerPoint.
This Jeopardy review game includes, but is not limited to, the following
This test is comprehensive, covering the chapters prior to Supply and Demand. It is 35 questions, including 29 multiple choice and 6 T/F. The test comes with an answer key.
There is also a study guide that the students can fill out in order to
Students are put into groups and mine chocolate chips from cookies in order to see how a business operates and to witness first hand the costs of producing goods and services. Instructions and handouts for the activity are included as well as a
This is a complete lesson plan about the unique characteristics of oligopolies. Students get to see the strategic decisions faced by oligopolists by participating in two exciting simulations. Other parts of the lesson focus on collusion, problems
Chris Hedges, an uncompromising writer in the tradition of George Orwell wrote a critique on the rich 1% of the nation and praises F. Scott’s Fitzgerald assessment of the rich in The Great Gatsby. This resource has a link to Hedges’ article
If you have ever gone to lunch with coworkers you probably have experienced the prisoner’s dilemma. How did you split the check? Suppose everyone had agreed to split the check equally. If everyone ordered the same amount of food there is no problem.
This is a complete lesson plan that introduces students to the basic ideas that underlie the more complex concepts of supply and demand. It covers topics associated with different types of goods and basic market graphing. (This lesson is part of a
This is a fun activity with two different games that teach two different economic concepts:
1. Law of Diminishing Marginal Returns- students learn how adding one extra worker will at some point diminish marginal returns.
2. GDP Growth- students
This is a complete lesson plan about monopolistic competition and how it is related to Perfect Competition, Monopoly, and Oligopoly. Other parts of this lesson focus on product differentiation, advertising, and branding. (This lesson is part of a
This is an awesome resource for economic students of all levels--high school, AP, College level, etc. It is especially helpful after students learn demand and struggle with shifting their mindset to supply.
The chart is set up with Demand
I taught 11th grade economics for 6 years and developed this step-by-step explanation of demand for teachers to use in a classroom. It is really useful for general economics classes, as well as honors, AP, or college level economics. It would also
This is a wonderful resource for economic students of all levels--high school, AP, College level, etc. It is especially helpful as students are learning the causes of shifts of the demand curve.
The 5 causes of a shift of the demand curve are on
A macroeconomic worksheet on Gross Domestic Product requiring students to:
1. Calculate GDP using the Value-Added Approach, Income Approach, and Expenditure Approach in order to understand how and why GDP should be the same no matter which method
This free download is the PowerPoint slideshow used with my lesson plan on the Law of Demand. Download this free lecture to see how great a resource these presentations can be! I utilize action buttons and custom animation to make the PowerPoint
This lesson features a detailed, common core aligned, plan with a short reading passage and hands-on activities. It focuses on the credit card including how interest is calculated. Be sure to check out the student reading portion which gives some
This lesson teaches about the Federal Reserve. They will explore the hierarchy of the reserve sites and learn about the gold at Fort Knox. Specific math skills are multiplying of decimals. It features a detailed, common core aligned, plan with a
This is a set of .doc files which can be easily altered to suit anyone's needs. It is comprised of an introductory brochure with ideas about the classroom economy, classroom job tags, employment application, money, checks, and a check registry to