3/1-3/4: Economics Basics
Objective: Students will be able to identify the parts of an economy and explain how surplus and scarcity affect price.
3/5-3/6: Surplus, Scarcity and Price Objective: Students will be able to create and price their own product based on the demand of other students in the class and the supply of that product they possess.
3/7-3/8: Factors of Production Objective: Students will be able to analyze what factors of production go into the making of a pencil and another product of their choice.
3/11-3/12: Types of Industry Objective: Students will be able to analyze maps of economic activity of countries around the world.
3/13-3/14: Review Objectives: Students will be able to define and explain connections between essential economics vocabulary words.
3/15-3/25: Celebration Days 3/26-3/28: Types of Economies Students will be able to identify what type of economy a nation utilizes based on a description of how much government control is asserted over supply and demand.
3/29 - 4/2: Developed vs. Developing Economies Students will be able to inference to what degree an economy is developed based data from nations around the world.
4/3 - 4/4: Indicators of Developed Economies Students will be able to use data about countries around the world such as GDP per capita, the value of imports and exports, and life expectancy to determine levels of economic development.
4/5-4/8: Test Review Objective: Students will be able to evaluate what parts of their economics knowledge require deeper understanding or review.
4/9-4/10: 7th and 8th Grade STAAR Testing
4/11-4/12: Economics Test
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