Economics First 9 Weeks Plan

2018 Economics First Nine Weeks Lesson Plan
January 4 to 18. 7 Habits of Highly Effective People.
Students will explore the fundamental principles of human effectiveness. These two weeks’ students will be expected to keep detailed notes over each of the 7 habits and engage is self-exploration of how they can work to take responsibility for their lives, and build interdependent relationships. The class will open with the movie Pursuit of Happyness
The 7 Habits
Be Proactive, Begin with the end in mind, Put first things first, Think win win, Seek first to understand then to be understood, Synergize, Sharpen the Saw.
Students will be tested on the ability to draw and explain each part of the maturity continuum the three levels of dependence, private and public victories and each of the 7 habits.
January 19 to January 26. Chapter 1 What is Economics?
Students will learn the concepts of Scarcity, the basic economic questions What, How, and for Whom to produce, and the factors of production, basic economic concepts, economic choices and decision-making.
January 29 to February 2 Chapter 2 Economic systems,
Students will compare and contrast the characteristics of Traditional, Command, and Market based economic systems. Students will discuss the advantages and disadvantages of mixed economies. Students will analyze the problems faced by economies during their transition to a capitalist economy. Students will explain how capitalism is different in different countries.
February 5 to February 9 Chapter 3 The American Free Enterprise System.
Students will learn the benefits of the American Free enterprise system and the social and economic goals of it. Students will explain the five main characteristics of a free market economy. Students will summarize the opportunities and benefits of the American Free Enterprise system and its disadvantages.
February 12 to February 16 Chapter 4 Demand
Students will understand the Law of Demand and demand elasticity. Students will explain how demand helps societies determine Want, How, and For Whom to produce, Students will be able to name and explain the variables of demand and demand elasticity. Students will be able to apply the total expenditures test to determine product elasticity.
February 19 to February 23 Chapter 5 Supply
Students will understand the Law of supply and supply elasticity. Students will identify and explain surpluses and shortages. Students will explain the factors effecting supply and the role of substitutes and compliments.
February 26 to March 2 Chapter 6 Prices
Students will understand how prices help the economy run smoothly by providing a way to allocate resources. Students will understand the positive and negative aspects of government intervention in the price system. Students will be able to predict how a price change will effect supply and demand. Students will be able to explain the effects of artificial floors and ceilings.
March 5 to March 9 Chapter 7 Business organization
Students will understand the characteristics of sole proprietorships, partnerships, and corporations in the American economy. Students will understand the role of capital and human capital in production. Students will describe how various types of businesses are formed and how they grow.
The order of assignments will be the same for each chapter.
Day one is vocabulary and the assignment of an economic topic for discussion and debate.
Day 2 is lesson one
Day three is lesson two
Day four is lesson three
Day five is a classroom discussion/debate over the assigned economic topic
Day 6 is a written test. Followed by Day one of the next Chapter