Mrs. Dayeh
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Weekly Overview:
Assessments: Unit 10 Economics Test- Fri. 5/10
Unit 10: Economics
Students will be able to:
Essential Questions:
Weekly Overview:
Assessments: Unit 10 Economics Test- Fri. 5/10
Unit 10: Economics
Students will be able to:
- Identify various ways that people earn income and how earning income contributes to the economic well-being of their community and state
- List different ways people save their income and explain the advantages and disadvantages of each
- Explain the benefits of comparative shopping when making economic decisions
- Investigate the economic concepts of opportunity cost, scarcity, and surplus/shortage and give examples of each based on needs and wants
- Investigate ways in which people are producers and consumers and explain why they depend on one another
- Describe the basic concepts of supply and demand and explain how competition affects the prices of goods and services
- Explain how producers and consumers affect prices
- Explain the concepts of specialization and interdependence in the production of goods and services
- Investigate the responsibilities and characteristics of various jobs
- Differentiate between imports and exports of goods in Louisiana
- Distinguish between the use of money and barter
Essential Questions:
- How do different factors affect production and price?
- How do people impact the economy?
- How is Louisiana’s economy unique?