Economics – 2/03/14
I. Bellwork : Question & Answer
- Explain what is happening in the picture and why it is occurring?
- What choices are the people making?
- Discuss your response with the person in front or behind you.
II. Objective
- SWD the ability to define economics and describe its fundamental principles through class discussion and the construction of various thinking maps
- SWD the ability to determine the meaning of words and phrases as they are used in a text.
III. Discuss: The Fundamental Economic Problem pages 1-8
- Scarcity & Choice Video
- Factors of Production
- TINSTAAFL
IV. Notebook Work – Copy
V. Classwork
- Page 5 Vocabulary (12)
- Guided Reading Activity1-1
VI. Ticket Out
- How confident are you that you know the concepts?
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