Complete Introduction to Economy and Economics Unit

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Economy doesn’t have to be boring for intermediate and middle school students! Find everything you need for an entire unit to introduce your students to the concept of Economy in an engaging way! The unit is designed around a 5E model to help make lesson planning easy and includes a list of vocabulary words covered.

Includes: 5 PowerPoint presentations, 3 fill-in notes pages for interactive notebooks, 4 student handouts, 3 graphic organizers for interactive notebooks, 1 mini-DBQ, 1 sorting activity, 1 looping review game, 1 Millionaire review game, 1 study guide, 1 final assessment, 7 teacher answer keys, and 1 Teacher Quick Reference Guide

1. ENGAGE: Introduction to Economy Lesson

Economy is a difficult concept for many intermediate and middle school students to understand. Use this hands-on lesson to introduce the concept of economy and types of industries. An interactive activity illustrates abstract ideas in an easy-to-understand way. Fill-in style notes accompany the PowerPoint presentation and can be used in student interactive notebooks. A handout is included to check for understanding.

2. EXPLORE: Economy and SpongeBob (Supply and Demand)

Students love watching an actual SpongeBob episode in school! You will love that they are learning all about entrepreneurship! Students also analyze an engaging clip about hula hoops to understand supply and demand. A PowerPoint presentation and accompanying student handout guide you easily through the fun lesson. The notes are designed to be put in an interactive notebook. A practice sheet is included for student assessment and summary.

3. EXPLAIN: Intro to Economics- Types of Economies

Introduce the similarities and differences between the 4 types of economies around the world. The PowerPoint presentation guides the entire lesson with examples, definitions, discussion questions, review activity, and journal prompt included. Students create 2 graphic organizers for reference in their interactive notebooks. A mini-DBQ is included for intermediate and middle school levels as well as a practice review sheet to guide mastery.

4. ELABORATE: Factors of Production and Types of Industry

Say “chocolate chip cookie” or “potato chips” and suddenly you have your students’ attention! Teach “Factors of Production” and “Types of Industry” in an engaging and easy-to-understand way. Get intermediate and middle school classes interacting and discussing the new topics with partner tasks and a sorting activity. A graphic organizer and vocabulary page are created while you introduce the concepts to include in the student’s interactive notebook. The lesson allows you to make economics friendly and accessible to students, instead of the usual abstract and dry material!

5. EVALUATE- Introduction to Economics End Of Unit Materials

Planning is a breeze when you know what you are going to assess before you plan! Get everything needed to end an introduction to economics unit. Lesson includes a study guide for students to complete and review. Engage the class with a 20 card set of a looping “I have…, Who has…” review activity. Play a round of “Who Wants to be a Millionaire” to review one last time before the 25 question final assessment.

Vocabulary covered throughout the unit:
Economy, Industry, Agricultural, Manufacturing, Service Industry, Goods, Entrepreneur, Capital, Service, Supply, Demand, Tangible, Intangible, Traditional Economy, Free Enterprise Economy, Capitalism, Market Economy, Command Economy, Communism, Socialism, Wants, Needs, Benefits, Morality, Ethics, Factors of Production, Natural Resources, Labor, Scarcity, Export, Import, Factors of Production, Labor, Capital, Entrepreneur, Natural Resources, Primary, Secondary, Tertiary, Quaternary

Hope you and your students enjoy! Please check my TpT store for more great lessons I am adding all the time. Thanks!

Total Pages
Answer Key
Included with Rubric
Teaching Duration
2 Weeks

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Complete Introduction to Economy and Economics Unit
Complete Introduction to Economy and Economics Unit
Complete Introduction to Economy and Economics Unit
Complete Introduction to Economy and Economics Unit