2021 Economics First Nine Weeks Lesson Plan
Week 1-2 Aug 10-21
Introduction to the class COVID-19 discussion, introduction to the Edgenuity program
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 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.
Week 3 Aug 24-28 .
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.
Week 4 Aug 30-Sept 4
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 13-20 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.
Week 5 Sept 7-11
Review Chapter 1 and 2 Test over Chapter 1 and 2, 911 Remembrance
 
Week 6-7 Sept 14-25
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.
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 interactive discussion over all the concepts of the lesson’
Day six Continues the discussion and blends the new information with both previously learned information and current economic news.
Day 7 is a classroom discussion/debate over the assigned economic topic
Days 8-10 will be reviewing and testing.
Weeks 8-9 Sept 28-Oct 9th
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.
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 interactive discussion over all the concepts of the lesson’
Day six Continues the discussion and blends the new information with both previously learned information and current economic news.
Day 7 is a classroom discussion/debate over the assigned economic topic
Days 8-10 will be reviewing and testing.

Welcome to Economics.

Economics is the Study of how people and organizations attempt to meet their unlimited Wants and Needs with Limited Resources.  Economics is not Money, money is just a small part of the study of economics and money is nothing more than a tool of exchange, for what I have and can do, for what I want or need.

With the understanding that Economics is not money, and that it is based on the ability to utilize scarce resources, we will begin this semester with the 7 Habits of Highly Effective People by Stephen R. Covey.  The principals we will explore the first few weeks can be a life-changing event.  Come to class prepared to do some real soul searching,  I challenge each of you to honestly address your personal and interpersonal lives, and begin to take change of your life, and take true responsibility for your relationships.  How does this relate to economics? Well our abilities mental, physical, and emotional as well as the relationships we build are truly the most valuable and scarce resources we have, so our ability to cultivate them will have a direct impact on our ability to meet our needs and wants.

This year we will be reintroducing the Stock market game, Students will work as investment teams investing in the Stock market. While the money you will use is pretend the data from the stock market is real.

I am looking forward to the second semester, it has been a good year so far and I fully expect that to continue.  I will be posting the first 9 weeks lesson plan soon please take time to review it and come to school in January to enjoy your fastest semester of school of your life.