Econ Lesson Highlights Spring 2014

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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.
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