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Economics: Mankiw's 7 Economic Principles "Student Stations Activity"

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2.48 MB   |   30 pages

PRODUCT DESCRIPTION

This 30 page lesson/power-point gives you everything you need to conduct a lesson/student activity on Mankiw’s 7 Economic Principles. The Economic Principles addressed in this lesson are:
1) People Face Tradeoffs
2) Our Choices have Costs and Benefits
3) Thinking at the Margin
4) Incentives are Important
5) Trade makes Everyone Better Off
6) Markets are a Good Place for Trade
7) Our Decisions have Future Consequences

In this lesson your students will:
1) Create an Application Handbook that requires students to conduct an in-depth study of each of the 7 economic principles (above) while they rotate to 7 different “stations” around the classroom and complete different activities.
2) While students visit each of the 7 stations around the classroom they will be required to complete a short activity/task that will allow them to gain a deeper understanding of each of the principles. (Tasks included: participating in a simulation in which they “trade” with their table partners to simulate markets, watch a short video clip from YOUTUBE to visualize different types of markets, examine 6 decisions made by an imaginary government to predict some possible unintended consequences and MORE…) each activity requires critical thinking…

This lesson INCLUDES all the materials needed for the lesson/ student STATION’s and STEP-BY-STEP teacher directions! *Common Core Lesson*

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

Total Pages
30
Answer Key
N/A
Teaching Duration
2 hours

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Economics: Mankiw's 7 Economic Principles "Student Station
Economics: Mankiw's 7 Economic Principles "Student Station
Economics: Mankiw's 7 Economic Principles "Student Station
Economics: Mankiw's 7 Economic Principles "Student Station