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Teach students the basics of economics with this 5 product bundle. Topics covered include: factors of production, economic indicators, and economic systems. Save over 20% by purchasing this bundle or pick and choose your favorites by purchasing each product individually.
***If you have previously purchased products from the Business Girl store please carefully review what is included so that you do not purchase duplicate products.
1. Factors of Production Graphic Organizer: Appeal to different types of learners with this inclusive factors of production activity.
In this activity students will sort factors of production (natural, labor, capital, and entrepreneurial resources). Students will place the factors of production into a graphic organizer. This activity is great for introducing the factors of production. I use this activity in my Introduction to Business and Marketing course when we talk about the basics of economics.
Included in this product:
• Factors of Production Examples
• Factors of Production Graphic
• Factors of Production Key
• Glue or Tape
Activity 1 Instructions:
1. Provide students with a Factors of Production Graphic and a list of Factors of Production Examples.
2. Students will cut each factor of production out and place in the correct box of the graphic.
3. After each slip has been placed (before allowing students to glue or tape) you should have students check their answers. You can do this individually or as a class.
4. Once students have verified correct placement have them glue or tape the slips into the correct box.
2. Country Research Project: In part 1 of this activity students will research the factors of production for a country. In Part 2 students will research the economic indicators for their country. Students then create an infographic with the information they collected from their research. Finally, students present their findings to the class.
Included in this product:
2 Worksheets (Part 1 and 2) with questions that students will research
Instructions for how to use Piktochart
A rubric to grade the infographics created in Piktochart
Worksheets to complete while listening to other students present their findings
Brief reflection questions to be answered after the presentations
3. Economic System Gallery Walk: Get your students moving with an interactive way to have a discussion about economic systems! If you're not familiar with the idea a gallery walk is essentially where students to move around the room to complete a task. This product contains 7 discussion questions on economic systems for a high school business class.
Question topics include:
Economics and individuals
Command economy vs. Market economy
4. Economics Crossword Puzzles:Crossword puzzles are perfect for practicing vocabulary, sub days, or early finishers! This product contains 2 PDF crossword puzzles, keys, and word banks. One puzzle covers economic indicators and the business cycle and the other puzzle covers factors of production and economic systems. Using the word bank is optional. You could also show it on the projector instead of printing it for each student. These puzzles are ready to print and easy to incorporate into your economics lessons.
The following vocabulary terms are used for each puzzle.
Economic indicators and the Business Cycle Puzzle: GDP, standard of living, unemployment rate, inflation, deflation, national debt, business cycle, prosperity, recession, depression, recovery, trough, contraction, peak, expansion, Black Tuesday, surplus, and deficit.
Factors of Production and Economic Systems Puzzle: scarcity, natural resources, renewable resources, nonrenewable resources, labor resources, capital resources, entrepreneurial resources, entrepreneur, market economy, capitalism, price, supply, demand, equilibrium price, competition, command economy, socialism, mixed economy, and communism.
5. Economics (Economic Indicators and Business Cycle) QR Code Scavenger Hunt: Get your students up and moving with this fun QR Code Scavenger Hunt! This activity is perfect teaching about economic indicators and the business cycle. This file includes 20 QR Codes that when scanned link to a plain text clue. When students scan the QR code they will be given a clue about an economic indicator, stage of the business cycle, or fun fact related to economics. They will then identify the correct answer (found on another clue). This activity is a great way to practice economics terminology and get students thinking and collaborating. Students can work individually or in small groups based on your discretion.
Terms/concepts covered in this activity: GDP, inflation, deflation, unemployment rate, national debt, budget deficit, budget surplus, standard of living, recession, depression, recovery, prosperity, expansion, and contraction
Included in the PDF:
-Instructions (see below) and QR Code Guide
-Clue and Answer List
-Student Answer Reporting Sheet
-Student Answer Reporting Sheet Key
-20 QR Codes with Clues and Answers
1) Print 1 class set of the following slides and an answer recording sheet for each student.
2) Cut each slide in half so there is one QR code per sheet of paper. Laminate for re-use.
3) Mix up the cards so that they are NOT in the same order you printed them. Hang the QR codes around the classroom, a hallway, or the school. Allow more time for a larger area.
4) Decide if you would like students to complete the activity individually, with a partner, or a small group. Assign partner(s) if desired.
5) Ensure students have access to a QR code reader on a device. There are several free apps that make this easy or they can use the camera of a phone, tablet, or laptop.
6) Instruct students that they can start at any QR code. They will scan the code to read the clue. They will then look around the room, hallway, or school to find the answer to the clue on another card. Be sure to tell students that the answer on the card should match the previous clue and it is not the answer to the clue on the same card. Students will move around the room, hallway, or school, recording each answer on the recording sheet.
7) Students should record the correct answer for each clue on the handout provided. The first group to record all answers correctly is the winner.
8) Close with a discussion about correct answers.
Save even more $$$ by purchasing this bundle as part of the Introduction to Business and Marketing Course Supplement (Activities + Projects).
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