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Economics Unit

In this six-day unit, you learn about important concepts in Economics.

Day 1

Introduction: Today, you will take notes on the basics of Economics and the concept of Needs and Wants.

1.     Complete today’s notes (slides 1-4)

Economics

Economics

Economics

Economics

2.
     Complete the Flocabulary, “Needs & Wants”.

 


Day 2

Goods/Services and Producers/Consumers: Today, you will take notes on the concept of Goods and Services and the Producers and Consumers that interact with them.

1.     Complete today’s notes (slides 5-11).

Economics

Economics

Economics

Economics

Economics

Economics

Economics

2.
     Watch this video on Producers/Consumers and Goods/Services.

https://www.youtube.com/watch?v=6B2wUpJPTu0

3.
     Watch this video on Money.

https://www.youtube.com/watch?v=AjTwcQYgISA

 


Day 3

Making Economic Decisions: Today, you will understand Trade in detail and take notes on Making Economic Decisions.

1.     Complete the Flocabulary, “What is Trade?”.

2.     Complete today’s notes (slides 12-16).


Economics

Economics

Economics

Economics

Economics


Day 4

Supply and Demand: Today, you will take notes on the day-to-day life of the ancient people of Mali.

1.     Complete the Flocabulary, “Supply & Demand”.

2.     Complete today’s notes (slides 17-18).

Economics

Economics


Day 5

Resources: Today, you will take notes on the different types of resources that shape economics.

1.     Complete today’s notes (slides 19-22).

Economics

Economics

Economics

Economics

2.     Watch this video on Resources.
https://www.youtube.com/watch?v=uS8h97TPgTE


Day 6

A Deeper Understanding: Today, you will wrap up your study of economics as you take notes on how resources in ancient cultures helped to shape their culture and economy.

1.     Complete today’s notes (slides 23-26).


Economics

Economics

Economics

Economics