H.+Economics

a. Compare how traditional, command, and market, economies answer the economic questions of 1 -what to produce, 2-how to produce, and 3-for whom to produce.
 * SS6E5 The student will analyze different economic systems. **


 * Economic Vocabulary Terms**: Watch this video to learn economic vocabulary.


 * [|Economic Vocabulary Video]**


 * Basics of Economics Study Guide:** You will need to print and study this guide. It is the same for all areas and regions of the world and can be used in both the 6th and 7th grades.




 * The Study of Economics:** Now using your notes and the Basics of Economics study guide above, answer the following questions. Each question is worth 5 points and the Think about It is worth 10 points.




 * Quiz: Basic Economics**: Take the quiz. This is for a grade.

[|Basic Economics Quiz]


 * Europe Economics Study Guide:** Here is the economics study guide that pertains to Europe that addresses the differences between the economies of the United Kingdom, Germany, and Russia according to the Standards. You will need to print and study this in preparation for your tests on Europe's economics.




 * Economics Essential Skills:** Using your Europe Economics study guides above, answer the attached questions. Each question is worth 5 points.




 * Introduction to Economics:** You will need to read this and answer the questions at the bottom of the page.




 * Understanding Economics Video:** Please watch the video and answer the questions below. **(The video may take a few moments to load depending on the speed of your computer).**

[|Understanding Economics]


 * Understanding Economics Video:** You will need to print the guided questions for the video. You will need to watch the video and answer the questions pertaining to economics. See Mr. McCain for the video.




 * PowerPoint on the Basics of Economics.** You need to review this and make a note of any information that you do not know.



** SS6E5 The student will analyze different economic systems. ** b. Explain how most countries have a mixed economy located on a continuum between pure and market and pure command.


 * PowerPoint on Mixed Markets.** You need to review this and make a note of any information that you do not know. You will also have to complete the last two slides of this PowerPoint.




 * PowerPoint on Differentiated Economics.** You need to review this and make a not of any information that you do not have.



** SS6E6 The student will analyze the benefits of and barriers to voluntary trade in Europe. ** a. Compare and contrast different types of trade barriers such as tariffs, quotas, and embargos.


 * PowerPoint on Trade Barriers:** Print out the graphic organizer and then fill it out by reviewing the Trade Barrier PowerPoint. You will also need to complete the exercise on the last slide of the PowerPoint.



**Trade Barrier Quiz:**
[|Trade Barrier Quiz]

** SS6E6 The student will analyze the benefits of and barriers to voluntary trade in Europe. ** b. Explain why international trade requires a system for exchanging currencies between nations.


 * Currency Conversion Activity:** You will need to complete the attached activity. Each question is worth 12.5 points.



** SS6E7 The student will describe factors that influence economic growth and examine their presence or absence in Europe. ** a. Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP).

**Gross Domestic Product (GDP):**

 * Please watch this video on GDP:**


 * [|GDP Video]**


 * Choropleth Map of Europe GDP:**

[|Map of Europe GDP]

**List of sovereign states in Europe by GDP (nominal) per capita:**
[|Countries of Europe GDP per capita]


 * GDP:** **Activity 1:** Start your journey on learning about Gross Domestic Product.



** SS6E7 The student will describe factors that influence economic growth and examine their presence or absence in Europe. ** d. Describe the role of entrepreneurship.
 * Play the Lemonade Stand Game:** This game will teach you about running your own business, supply and demand, and market economies.

Lemonade Stand Game