7th grade Social Studies

How does
understanding key
economic terms
aid in my
understanding of
the economic
structures found in
South and East
Asia?
Know
Embargo
What you
already
know!
What did
you
learn?

Draw KWL chart as
shown here.

Write what you
already know
about the
vocabulary terms.

Share with the
class.
Tariff
Specialization
Capital
Goods
Human
Capital

What is a halt to trade with a particular country
for economic or political reasons?
 Embargo

Economic _____ makes trade between countries
easier because countries can produce those
things they make best and trade with others for
what they need.
 Specialization

Skills and education the workers have is called
_____ _____.
 Human capital

When a tax is placed on a good coming into
one country from another is a _____.
 Tariff

_____ _____ are factories and machines used
to make goods.
 Capital goods

Answer the questions
provided as you watch
the video. (On Your
Own Paper!!!)

Music video—list as
many similarities to
video as possible on
the same paper.

Review the economic terms presented in
the KWL activity.

From the list of vocabulary terms, choose
the one vocabulary term that best relates
to the topic presented in today’s videos.

Complete an Exit Slip that answers the
following question and includes the
selected vocabulary term:
 How does today’s lesson relate to the
key economic terms needed to better
understand the economic structures
of South and East Asia countries?
How many of these economic terms can
you define?
 What characteristics
help me to identify
the economic
structures of China
and Japan?
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Command Economy:
 In a command economy, government
planners make the economic decisions.

Market Economy:
 Consumers and their buying decisions
make up a market economy.

Traditional Economy:
 In a traditional economy, economic
decisions are made through customs
and habits.
The economy of China can be
best described as a command
economy.
 In the years after the communist
revolution, the Chinese
government organized farmers
into collective farmers.
 The purpose of China creating
Special Economic Zones was to
increase international trade.

SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.
Today at least half of
China’s workers are still
involved in agriculture.
 China’s attitude toward
entrepreneurship has
changed in the past several
decades.

 The government has become
more open to the idea of
allowing free enterprise.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.
The economy of Japan can be
best described as a mixed
economy.
 Japan’s economy could be
classified as one of the most
technologically advanced in
the world.
 The Japanese economy has to
make up for the country’s lack
of natural resources.

SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

The job of the Ministry of
International Trade and
Industry (The MITI) is helping
countries to decide what to
sell in the global market.

Education is one of the most
important ways Japan has
invested in human capital.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Using cards provided, create
flash cards to use as a study
guide for quiz on Wednesday.
 embargo
 tariff
 specialization
 capital goods
 human capital
 command
 market

If you had to choose between
the economy of China and
the economy of Japan, which
would you choose?
 China (lay your head down)
 Japan (sit up straight)

Why?
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

What is the economy of China?
 It is best described as a command
economy.

After the communist revolution,
what did the Chinese government
do?
 They organized farmers into collective
farmers.

Why did China create the Special
Economic Zones?
 To increase international trade

What are at least half of China’s
workers still involved in today?
 agriculture

What is China’s attitude
towards entrepreneurship?
 The government has become more
open to the idea.

What is the economy of Japan?
 mixed

How could we classify Japan’s
economy?
 One of the most technologically
advanced in the world

What does the Japanese
economy have to make up for?
 Lack of natural resources

What is the job of the Ministry
of International Trade and
Industry (MITI)?
 Helping countries to decide what to
sell in the global market

What is one of the most
important ways Japan has
invested in human capital?
 Education
 How do the
economies of India
and North Korea
compare to that of
Japan and China?
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

The economy of India
can be best described
as a mixed economy.

One of the most
successful part of
India’s economy today
is electronics and
technology.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

The Green Revolution
was India’s attempt to
improve agriculture.

The Green Revolution is
an example of
investment in human
capital in India because
farmers were given
training and new
technology.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Rural village men and
women who wish to
set up small
businesses to help
their families have
benefitted from the
micro credit industry
in India.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

The economy of North
Korea could be best
described as a command
economy.

Poor decisions made about
how to organize farming in
North Korea have resulted
in many years of
starvation.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Most major economic
decisions in North
Korea are made by
Kim Jong-il.

Premier Kim Jong-il
has spent a great deal
of North Korea’s
money on military.
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Draw the chart as you see it below.

Answer the questions listed in the first
column.
China
Japan
India
North Korea
How do you
classify the
economy?
How does the
country invest
in Human
Capital?
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.

Draw the chart as you see it below.

Answer the questions listed in the first
column.
China
Japan
India
North Korea
How do you
classify the
economy?
Socialist market
economy
Mixed market
mixed
command
How do the
people
influence the
economy?
Becoming more
open to
entrepreneurship.
Heavy
investment in
education.
Educating
farmers to use
technology
Primary focus is
military
SS7E8c: The student will analyze different economic systems in China, India, Japan, and North Korea.
What is the
impact of the
economy on
South and
East Asia?

Vocabulary Graffiti Cards
 Each student has been assigned a vocabulary
term
▪
▪
▪
▪

Define the word
Decorate the entire card
Give 2 relevant facts
How does the vocabulary word relate to at least one of
the countries studied this week?
Share with the class.

Study Guide Time
 Work in your groups
 Ask questions as needed
 Be respectful of those who
may not know the answers
▪ No one is PERFECT!!

Your test is MONDAY!