Week 2 Objectives
 Identify the three types of economic systems
 Summarize the goals that influence decisions about
production and consumption of goods
 Compare and contrast the role of government in a
command economy and a market economy
 Summarize the characteristics of a free enterprise
system
Monday 1-13
Bell Work-copy types of econ matrix
2. Review week one concepts of scarcity, opportunity
cost, principles that guide an economic way of
thinking.
3. Econ Lab: working with scarce resources-smores
1.
Tuesday 1-14
 Review types of econ matrix
 Group Review and quiz of econ systems
 Group study and share out of economic goals: students
are assigned one goal to study and share out with the
class
Block day 1-15, 1-16
 Bell work- complete questions about one economic
goal
 Group share out of one economic goal
 Take notes from the student answers written on the
board
 Introduce the characteristics of a free enterprise
system
Week 3 Objectives
1.
2.
3.
4.
5.
6.
7.
Describe the three types of business organization.
Summarize the advantages and disadvantages of a
sole proprietorship, partnership, and corporation.
Explain the reasons that cause firms to merge.
Identify two different types of mergers.
Describe and illustrate the concept of demand.
Explain what causes a change in quantity demanded
Describe the factors that could cause a change in
demand.
Tuesday 1-19
FAFSA P.I.N. Workshop
Bell Work: Draw a table using pages 57-66
Type
Sole Prop.
Partnership
Corp.
Pros
(advantages)
Cons
(disadvantages)
Objectives
Explain the reasons that cause
firms to merge.
Identify two different types of
mergers.
Block 1-20, 1-21
Bell Work:
1. When it comes to partnerships one disadvantage is
limited life. What does it mean when a business has
limited life?
2. Identify the two types of partnerships.
3. Explain the term bankruptcy and why it is
considered a possible outcome of a partnership.
4. Which type of business requires permission from the
government and what is that document called?
 Bell Work
 How Businesses Grow
 Why Businesses Merge
 Graphic Organizers
 Quiz
Graphic Organizers:
Two Ways Businesses
Grow:
ReinvestmentEarnings put back into
business to build firm.
MergersHorizontal /Vertical
Graphic Organizers:
Two Ways
Businesses
Grow
Mergers
Vertical
Reinvestment
Horizontal
Graphic Organizers:
Reasons Why Businesses
Merge:
Read page 69-70 and fill in
the graphic organizer
below:
Assignment: Types of Mergers
Draw a Venn Diagram
comparing the two types
of mergers.
2. Draw an illustration of
each type on the back
side of your Venn
Diagram
3. Explain how
conglomerates and
multinationals differ
from horizontal and
vertical mergers.
Due Friday
1.
Friday 1-24 Rally Schedule
Bell Work: Define Demand
and Marginal Utility
Introduce concept of
demand-show video clip
Jingle all the Way
Discuss Demand and
Marginal Utility
Week 4 Objectives
1.
2.
3.
4.
5.
6.
7.
8.
Students will be able to explain the difference between change
in quantity demanded and an overall change in demand.
Students will be able to summarize the reasons for a change in
overall demand.
Students will be able to explain the law of demand.
Students will be able to explain the difference between change
in quantity supplied and supply.
Students will be able to summarize the reasons for an overall
change in supply.
Students will be able to explain the law of supply.
Students will be able to illustrate supply and demand on a
graph.
Students will be able to describe the term equilibrium price.
Monday 1-27
 Bell Work- C. 4 Vocab Activity
 Notes: Demand
Demand Curve Activity-students are taken step by step
on how to draw a demand curve using
http://www.reffonomics.com/TRB/chapter4/quantityde
manded.swf
Assign IES countries
Tuesday 1-28
Bell Work: Vocabulary Activity
Change in Qty Demanded vs. Change in Demand notes
Quick write: What is the difference between change in
demand and change in qty demanded?
Activity: Reasons why demand changes-students predict
the meaning of the seven determinants of demand then
confirm or change their answers using the book.
Wed. 1-29
Bell Work:
Using your textbook, answer the following questions:
Page 96
What is the income and substitution effect and how
does it effect qty demand?
Review Quiz- You may use the book and notes to help
you review the last section.
Wed. 1Page 102
What does it mean when a product is demand elastic?
How is does demand elastic differ from demand
inelastic? Give examples of both.
Week 5 Objectives
Students will be able to identify Key economic principles
Students will be able to explain the purpose and value of the
Summit Program.
Students will be able to identify basic Summit forms.
Students will be able to explain the concept and importance
of globalization.
Students will be able to I.D examples of critical economic
issues and consequences facing the world.
Students will be able to apply economic concepts of
specialization and cooperation by developing skills needed to
identify and address global economic issues.
Monday 2-2
 Continue film study and Choconomics
 Complete discussion questions from film: Willy
Wonka
 FAFSA workshop
Tuesday 2-3
 Complete film.
 Discuss video questions.
 Preview Econ Summit
Block 2-4, 2-5
 Country Groups: preview activity- find assigned




country national bird and anthem. Explain importance
of country info and how to use it.
What is the Davos question: video examples
Group activity: Identify an economic issue and share
out possible solutions.
Explain Geography component of Summit
Assign Country placard activity and country info
sheet.
Friday 2-7
 Group Activity:
 Research country info.
 Produce country info poster-handout instructions