This download contains everything your students need to be introduced to and learn 15 basic economics terms. Perfect for a beginning Econ Unit (Unit 1). Everything you need to facilitate this lesson is included (i.e. power-point, student worksheets and teacher directions)
Economics, want, need, goods, services, scarcity, shortage, human capital, entrepreneur, factors of production, trade-offs, guns or butter, opportunity costs and thinking at the Margin
In this activity, students will:
1) Be introduced to Essential Economic Vocabulary for a beginning unit in Economics by reading sentences that contain the new terms/vocabulary in power-point format. Teacher will project the power-point slides for students as they complete the first column in their vocabulary chart. (Included)
2) Students will use context clues in the sentences to develop a rough definition for each vocabulary word. (In pairs or independently)
3) Students will then verify each definition using their textbook glossary/dictionary.
4) Lastly, students will make their own connection to each vocabulary word by developing their own sentence, giving an example or drawing a symbol (simple illustration of the term).
Looking for more Economics Resources? Check these out:
Economics: Personal Finance Student Project
Economics: Business Organization Student Activity
Economics: Market Regulation-Anti-Trust Laws and the Consumer Activity
Economics: Market Structures Class Activity
Economics: Mankiw's 7 Economic Principles Student Stations Activity