home  KTHS Economics

Unit outline

Chap.

(Economics: It's Your Business)

Activities

1.          What is    economics?

 (NCEE standards: 1-3)

  • Scarcity and choice
  • Cost and benefit
  • Opportunity costs
  • Basic economic questions (what to make and how, and how should it be distributed?)
  • Basic solutions: market, command, and mixed economies

 (NCEE standards:4-9, 11-12)

   

1-7

UNIT 1.

  • The best deal

http://www.econedlink.org/lessons/index.cfm?lesson=EM530&page=teacher

  • Making choices with a new job

http://www.omsi.edu/visit/featured/moneyville/activities.cfm#lemonade

  • How countries allocate resources (by sector):

http://www.econedlink.org/lessons/index.cfm?lesson=EM288

  • Widgets, Whajamas, and Scarcityhttp://apps.montgomeryschoolsmd.org/hhttp://apps.montgomeryschoolsmd.org/hsaprep/saprep/

http://web.centre.edu/econed/scarcity.htm

  • Seas, Trees, Economies

http://www.umsl.edu/~econed/ste.htm

  • Fad or fortune

http://www.econedlink.org/lessons/index.cfm?lesson=EM579&page=teacherhttp://apps.montgomeryschoolsmd.org/hsaprep/

  • What do people want to wear? (demand)

http://www.econedlink.org/lessons/index.cfm?lesson=EM458&page=teacher

  • Demand shifters

http://www.e-connections.org/lesson7/1a.htmlhttp://apps.montgomeryschoolsmd.org/hsaprep/

http://www.econedlink.org/lessons/index.cfm?lesson=EM394&page=teacher

  • The trouble with truffles, Activity 1

http://www.econedlink.org/lessons/index.cfm?lesson=EM762&page=teacherhttp://apps.montgomeryschoolsmd.org/hsaprep/

2.         How does the U.S. economy work? (NCEE standards: 15-20)

  • Government’s role in the market economy
    • Public goods
    • Government demand
    • Price controls
    • Tariffs
    • Taxes
    • Money supply
    • Protectionism
  • Exports, imports, International trade

8-11

UNIT 2

  • What does the nation consume?

http://www.econedlink.org/lessons/index.cfm?lesson=EM58&page=teacher

  • What causes inflation?

http://www.econedlink.org/lessons/index.cfm?lesson=EM615&page=teacher

  • Where does the (tax) money come from?

http://www.econedlink.org/lessons/index.cfm?lesson=EM69&page=teacher

3.          How can you succeed in a market economy? (NCEE standards: 10, 13)

  • Money
  • Wage/salary
  • Unions
  • Budgets
  • What to do with your money:
    • Saving
    • Consuming
    • Investing
    • Donating
  • Planning

 

UNIT 3

  •  Climbing the Savings Mountain

http://www.econedlink.org/lessons/index.cfm?lesson=EM515&page=teacher

  •  Timing is everything (on saving)

http://www.e-connections.org/lesson2/lesson2.htm

  •  Money Land

http://www.orangekids.com/home.htm

  •  Republic of Saving

http://www.orangekids.com/amy/save_intro.htm

  •  Spendopolis

http://www.orangekids.com/cedric/spend_intro.htm

  •  Banks vs. credit unions

http://www.econedlink.org/lessons/index.cfm?lesson=MM691&page=teacher

  •  Giving Vicki Credit

http://www.umsl.edu/~wpockets/Clubhouse/library/GivingVickiCredit/01.htm

4.          How does a business work? (NCEE standards: 14)

  • Entrepreneurship
  • Profit motive
  • Specialization
  • Competition
  • Factors of production and their prices
  •  Business cycles

16-18

UNIT 4.

  •  Lemonade stand

http://www.omsi.edu/visit/featured/moneyville/activities.cfm#lemonade

  •  Frontier specialist

http://www.econedlink.org/lessons/index.cfm?lesson=EM57&page=teacher

  •  Zooconomy:

http://zooconomy.umsl.edu/

  •  Artist as entrepreneur

http://www.umsl.edu/~econed/artist/index.html

  •  Not your grandma’s Lemonade Stand

http://www.econedlink.org/lessons/index.cfm?lesson=EM276&page=teacher

Economics in the news 

  • election
  • energy
  • real estate
  • stock market
  • globalization

 

Recession, stimulus package, daily reports, miscellaneous