Hon. Econ. Week of January 5-6


Posted by cliftonj | Posted in Hon. Gov/Econ | Posted on January 3, 2017

Thursday Jan. 5

Learning Goal: Become familiar with Economics definition.

1.Sign TRSS forms

2.Students fill out information forms

3.Defining economics activity

5. Life Map Activity-

You will create a life map illustrating the positive and negative incentives that led you to make important choices during your high school years. The map must include at least three academic choices, three work/community/extracurricular choices, three savings/investing choices, and three family-related choices. The maps will show with words and pictures how incentive led to each choice. You will share your life maps with the class or in small groups and reflect orally on the impact of these choices on your lives.

6. Summary Time


Respond to the following questions:

Drawing on your new knowledge of the definition of economics and our class discussion, answer the following questions for homework:

  • 1. Name four things you know about economics.
  • 2. How does economics relate to your life? How does it affect your family?
  • 3. What role do you play in the economy? What role does your family play?
  • 4. How does the economy affect your neighborhood?


Friday Jan. 6

LG: Explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments.

1.Turn in HW questions

2. Collect syllabus/TRSS forms

3. Share life maps

3. Discuss def. of capitalism vs. democracy

4. Power point notes and video clips: Basic Economic Reasoning

5. Scarcity activity

6. Summary Time


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