Economics & The Amusement Park

Economics & The Amusement Park
Economics & The Amusement Park
Economics & The Amusement Park
Economics & The Amusement Park
Economics & The Amusement Park
Economics & The Amusement Park
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Economics & The Roller Coaster
This PowerPoint covers several areas:
• A New Amusement Park: An Economics Case Study
• Basic Economic Principles
• 4 Sectors of the US Economy
• Consumers, Businesses, & Budgets

This PowerPoint was based on economic principles found in 5th grade Georgia Performance Standards for social studies.

A New Amusement Park: An Economics Case Study
• Students should be put into 5 groups (or more if you have a very large class)
• Each group forms a company that is going to start a new amusement park
• Each company gets a different map (there are 5 different maps available)
• Students will have to make choices (opportunity cost) on what attractions to offer in their parks.
• The PowerPoint offers some suggestions for designing their parks.
• There are some questions to consider after all groups have designed their parks.
• For fun, students may illustrate their squares if there is time.

Basic Economic Principles
The PowerPoint includes discussion questions on the following topics:
• Opportunity cost (rationing during WWII)
• Price incentives (jobs on the cattle trails)
• Industry specialization (inventions during the 20th century)
• Voluntary exchange (meeting wants and needs)
• International trade (Panama Canal)
• Technological advancements & business productivity (development of the personal computer and the Internet)
• Connection to the Amusement Park case study

4 Sectors of the US Economy
The PowerPoint includes discussion questions on the 4 sectors:
• Household
• Private Business
• Bank
• Government
• Connection to the Amusement Park case study

Consumers, Businesses, & Budgets
• Personal income
• Business income
• Entrepreneurial risks
• Budgets, spending, and saving
• Connection to the Amusement Park case study

*Most slides have comments in the notes section to explain desired answers.
Total Pages
33 pages
Answer Key
N/A
Teaching Duration
N/A
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