Unit Plan: Economics Michael Douglass Class: Civics, Economics, and Personal Finance Grade Level: 8th grade Unit length: 13 lessons, 5 weeks Lesson length: 86 minutes (approx.) Dates: February 24th-March 31st Overview: This unit is designed for an 8th grade Civics course. This class is team-taught across the entire eighth grade at Grafton Middle School in York County, Virginia. This unit plan is designed to be taught over approximately the five-week period dictated by the York County benchmark assessment pacing guide established by the school district. The unit is designed to promote both the learning of the assigned SOL objectives and an increase in development of particular targeted skills. This unit has a series of essential questions, the answering of which will require implementation of the aforementioned skills. To successfully implement these ends, the unit uses two social studies instructional models in particular to benefit student learning: structured academic controversy and concept formation. Rationale: This unit encompasses all of the overall economics learning for the entire Civics, Economics, and Personal Finance curriculum in the 8th grade. This unit is structured to begin by introducing the concepts and then, one by one, applying them to other situatoins so as to generate greater learning and understanding. The material is assessed through a unit test and two projects (one on international trade and one on the function of American banks). These different assessments ensure that learning is successfully measured in differing ways throughout the unit, thereby giving a good sense for the reliability of each individual assessment. SOL Objectives: CE.11 The student will demonstrate knowledge of how economic decisions are made in the marketplace by a) applying the concepts of scarcity, resources, choice, opportunity cost, price, incentives, supply and demand, production, and consumption b) c) comparing the differences among traditional, free market, command, and mixed economies describing the characteristics of the United States economy, including limited government, private property, profit, and competition CE.12 The student will demonstrate knowledge of the structure and operation of the United States economy by a) describing the types of business organizations and the role of entrepreneurship b) explaining the circular flow that shows how consumers (households), businesses (producers), and markets interact c) explaining how financial institutions channel funds from savers to borrowers d) examining the relationship of Virginia and the United States to the global economy, with emphasis on the impact of technological innovations NCSS Standards NCSS II NCSS IV NCSS V Unit Goals: 1. Students will understand and demonstrate the importance of economics in their daily lives. 2. Students will understand how the United States economy functions and how this influences them on a personal level. 3. Students will understand what differentiates types of economies from each other. 4. Students will experience and understand how the global economy functions. Unit Objectives: 1. Students will use and develop interpersonal (particularly public speaking and negotiation) skills. 2. Students will use and develop research skills 3. Students will use and develop technological abilities 4. Students will successfully analyze documents for their meaning and then use those documents to make arguments. 5. Students will successfully identify the differences between the four types of economies— namely: mixed, free market, command, and traditional. Essential Questions: 1. Why does economics matter in our daily lives? 2. How do the state of Virginia and the United States function within the global economy? 3. How does economics tie into other social issues, i.e. inequality? Content Outline: This unit covers SOL CE 12. It is intended to align with these SOLs and with the NCSS standards I mentioned above. It is intended to cover: 1. The differences between the four economic systems, and how each of them answer the three basic questions of economics (who produces, for whom do they produce, and what will be produced?) 2. The understanding and application of important, foundational economics terms like choice, scarcity, incentives, supply, demand, resources, opportunity cost, and price. 3. The major characteristics of the United States and Virginia economies, and how these affect the placement of these economies within the larger global economy. 4. How businesses function within the economy (both in terms of the circular flow of goods, services, and money between houses, businesses, and the government; and in terms of the major types of businesses and how they differ in structure and function). 5. A basic overview of the financial system (a more in-depth review occurs in the next unit, involving the Federal Reserve). Materials and Resources: -One copy of “The Sneetches” by Dr. Seuss -Laptop computers (for Day 7 and 8) -Copies of all worksheets and handouts -Computer with projecting capabilities (for notes) -Use of a large room (such as the school Atrium at Grafton Middle School) for Day 9 International Trade Simulation Unit Calendar: I. Why economics matters, and an introduction of concepts 1. Economics video (notes) 2. Response selection and development 3. Worksheet on terms 4. Reading of The Star-Bellied Sneetches 5. Short class debrief II. Why economics matters, continuation of concepts and application of circular flow 1. Videotaping of responses 2. Continuation of worksheet on terms 3. Activity/demonstration of incentives, choice, and opportunity cost 4. Short explanation of circular flow and practice. III. Traditional economies 1. Concept formation lesson on traditional economies 2. Time permitting, further practice of circular flow. IV. Free market/Command/Mixed economies 1. Concept formation lessons on free market and command economies 2. Notes on mixed economies 3. Introduction to out-of-class banks project V. Application of concept of scarcity: social inequality. 1. Scarcity demonstration 2. Social inequality (wealth/income-based) notes 3. Introduction to and beginning of work on international trade project VI. Is inequality necessary? 1. Structued Academic Controversy on the necessity of inequality for society VII. The role of the American government in the economy 1. Class notes on role of American government in the economy 2. Class research project on government regulatory agencies (FTC, EPA, FCC) 3. Continuance of work on international trade project VIII. Function of the United States economy on a country-wide scale and at the individual level 1. Class notes on the attributes of the United States economy 2. Class notes on the types of businesses of the United States economy 3. “Design your business” class activity 4. Continuance of work on international trade project IX. International trade and global economy 1. International trade and global economy simulation, school atrium X. United States banking system and relationship with the global economy 1. Class notes on Virginia/United States place in global economy 2. Debrief on banks project with worksheet XI. Government involvement in the United States economy 1. Structured Academic Controversy on healthcare reform XII. Review XIII. Unit Test Lesson Plans: Thursday, February 24th: Topic: Why economics matters, and foundational concepts. Objectives: -Unit Goal 1 -Unit Goal 3 -SOL CE11a Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Unit Introductory Activity: Students will view a clip constructed by me on why a variety of different people in different contexts value economics as important. Students will then break into groups to begin brainstorming response questions. These will be filmed in the next class. 3. Unit Concept Activity: Students will work on a worksheet defining economics concepts. 4. Concept Application Activity: The teacher will read The Star-Bellied Sneetches by Dr. Seuss to the students, and they will pick out instances of production, consumption, supply, and demand in the story. Monday, February 28th: Topic: Film response, concept application and circular flow. Objectives: -Unit Objective 3 -SOL CE11a -SOL CE12b Activities: 1.Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Film Response: Students will be using video recorders to record their response questions for the people in the Unit Introductory Activity. 3. Unit Concept Activity: Students will continue work on a worksheet defining economics concepts. This will be done during the film response, so that other students will have something to do while each group is filming. 4. Concept Application Activity: The teacher will do a short presentation on incentives, choice, and opportunity cost by offering the students candy and an extra credit point to learn an economic fact as opposed to reading quietly for five minutes. These will then be explained so students can remember. 5. Circular Flow Introduction: Class notes on the circular flow of business, with a written example in their notebook. This will be the first of many such activities; typically, eighth graders have tremendous difficulty with the application and use of this concept. Wednesday, March 2nd: Topic:Traditional Economies Concept Formation Objectives: Unit Goal 3 Unit Objective 1 SOL CE11b Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Concept formation lesson on traditional economies: The teacher will begin with a chart of examples of this economy and their attributes that the class will fill out. Then the class will distill out the concept by examining differences and similarities between the examples. After this, the class will be given a mixed bag of examples and non-examples of the concept. They will have to pick (and justify why they picked) the examples and change the non-examples into examples, all based on the attributes distilled in the beginning. This final worksheet will be taken up for a completion grade and to assess student learning. 3. Circular Flow practice: Time permitting, a series of examples of circular flow where students will do several circular flow problems and the teacher will informally assess classroom learning. Friday, March 4th: Topic: Free Market, Command, and Mixed Economies Objectives: Unit Goal 3 Unit Objective 1 SOL CE11b Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Concept formation lessons on free market and command economies. This follows along the same style as Wednesday's lesson. Since students will be more familiar with the lesson form, I expect them to be much more efficient in finishing these lessons. The final worksheet for the free market and command economies lessons will be taken up for a homework grade. 3. Notes on mixed economies. After students have completed the concept formations on free market and command economies, they will be asked to identify which of the types the United States fits under. After some struggle, the teacher will identify what a mixed economy is and help students (via examples) understand how mixed economies occupy a middle ground between command and free market economies. Tuesday, March 8th: Topic: Scarcity and Inequality Objectives: SOL CE 11a NCSS IV NCSS V Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Application of scarcity concept activity: In this activity, there will be a single specific correct way to respond to a teacher question (students who respond in this specific correct way will receive a piece of candy). When the teacher asks, “are there any questions?” The proper response will be to put one finger up and ask an economics-related question. A handful of students will be told before class begins to respond in this way. The others will have to learn how to properly respond to gain the candy. Afterwards, the teacher will explain that this parrots societal inequality. 3. Notes on wealth and income inequality: These notes will cover the dispersion of wealth and incomes both in the United States and worldwide. The notes will tie into what this means for the average citizen in the United States, as well as the enduring debate over whether inequality is necessary for the effective functioning of a society/economy. This will serve as an introduction for the Structured Academic Controversy in the next lesson. 4. International trade project introduction: This is merely the beginning of a several day project. Students will be divided into groups of four, assigned a country to represent in the simulation on March 18th, and will pick their roles. The researcher will be someone with an internet connection at home who will determine three major imports their country needs and three major exports their country can legitimately market to the rest of the world. The promoter will focus their research on what other countries will likely be marketing in terms of exports and what they will need in terms of imports (to help them tailor their country's message to ensure successful trade agreements). The promoter will also need to have an internet connection. The negotiator will have their primary role on the day of the simulation; their job will be to work closely with the promoter and the researcher to prepare as they market their country's 'products' (exports) to foreign countries. They will handle the actual negotiations. The manager will serve as the chief of state for their country (and will research who that is and what their role is) and will work closely with the negotiator on the day of the simulation. Groups will be informed that they should only supply resources, goods, and services that they think other countries will demand—this will make it easier for them to trade with other countries. A full explanation of the simulation can be found on March 18th. Thursday, March 10th: Inequality Objectives: SOL CE 11a NCSS IV NCSS V Unit Goal 3 Unit Objective 1 Unit Objective 4 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Structured Academic Controversy: This is a lesson plan type that has students argue both sides of a point before a consensus round. Students will be divided into groups of four with two holding down each side of the discussion. Students on each side will be given documents from which to argue which represent a particular viewpoint. After students make their points, they will be issued documents arguing the opposite of what they previously represented (so, for the side that argued inequality was necessary, they will now have to argue that inequality is unnecessary and harmful, and vice versa for the other side). The topic for this SAC is whether inequality is necessary or unnecessary for a society's allocation of scarce resources (applying the application of Scarcity from Feb. 28th and March 8th). 3. Consensus Round: These two rounds will be followed by a “consensus” round whereby students will discuss what they actually think instead of merely position-taking on the issue. The results of this consensus round will be a short paragraph written by the group on what they ended up thinking and why. This will be taken up as an exit ticket and assessed for student learning (it will also be a participation grade). This will be related back to the discussion on social inequality from the day before. 4. Banks Project: This will be an out-of-class project which will require students to call or visit a bank or credit union in the area that they are assigned to. They will be working with a worksheet and asking a series of questions of local tellers about the bank's lending and account practices so as to better understand how financial institutions channel money from savers to borrowers (alignment with SOL CE12c). Monday, March 14th: The government's role in the economy Objectives: SOL CE 13a Unit Objective 2 Unit Objective 3 Unit Objective 4 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Class notes on the role of the government in the economy: These notes will cover the very basics of regulation (the interstate commerce clause and general government regulation in the economy). 3. Research activity on specific government agencies: This online research activity will involve school laptops. Students will be working in pairs to research online and fill out a worksheet on the FCC, the FTC, and the EPA, in direct alignment with the breakdown of SOL CE 13a. 4. Work on international trade project: Groups will be finalizing their work in preparation for the simulation on the 18th. Wednesday, March 16th: Function of the United States economy Objectives: SOL CE 12a SOL CE 12b Unit Goal 2 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Class notes: Notes on the attributes of the US economy, the factors of business, and business types. 3. Make-your-own business activity: This activity will serve as an application of concepts just learned. Students will be split into groups wherein they will decide what their business will be (i.e. a proprietorship, a corporation, or a partnership) and then the various specific examples of different types of capital they will need for it. For example, for human capital they will obviously need workers, but perhaps if theirs is a chocolate shop they will also want to hire a master chocolatier, some consultants, and a PR person. This worksheet will be homework and will be taken up the next class. 4. International trade simulation preparation: Students will have the remainder of the class period to prepare in their groups for the simulation. Friday, March 18th: Functions of the global economy Objectives: SOL CE 11a SOL CE 12d Unit Objective 1 Unit Objective 2 Unit Goal 4 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. International Trade Simulation prep: Groups will have roughly fifteen minutes before the simulation to prepare and get their groups in order. I will pass out notecards for each group to write on, as well as nametags for all group members. 3. Presentation: Groups will gather in the Atrium; each will do a short (thirty second-one minute) presentation on what imports they're looking for and what exports they have, as well as why other countries should trade with them. 4. International Trade Simulation: Students will be in groups of four, with each group of four representing a country (or the Commonwealth of Virginia). The atrium will be divided into three areas. One, designated the “waiting room” will be where the researcher, manager, and negotiator sit together and wait to be called. The second, designated the “free market” is where promoters will be rushing around promoting their country's exports. Once two promoters meet and decide that their countries would find it mutually advantageous to trade, each will get their country's negotiator and manager and take them to the “treaty zone” where the two countries' negotiators and managers will discuss the terms of trade. Once they've arrived at an agreement, they will give each other the notecards (on which the resources of their country are written) in a trade. Groups will be reminded that their job is to trade all of their goods away—the expectation is that they will find ways to incentivize (applying from day 1) other groups trading for their resources. 5. Trade simulation exit ticket: After the simulation, groups will have between five and ten minutes to fill out a short exit ticket on what they learned. Tuesday, March 22nd: American financial institutions and place in the global economy. Objectives: SOL CE12c SOL CE12d Unit Objective 1 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Financial institutions project due, class debrief with notes: Completion of this project will include students participating in a class discussion about the various options for savings and loans, and observing as a class which institutions may be the best to open an account with later when they're older. There will also be class notes on this topic so as to ensure that students are all cognizant of the full range of information (perhaps the financial institution they individually researched was an outlier). 3. Class notes, American and Virginian niches in the global economy: Continuing off the simulation from the 18th, these notes will cover the specific areas of the global economy in which the US and Virginia are involved. This will link back to the simulation by giving students a good idea of how the global economy works beyond the (scaled-down) example they participated in in the simulation. 4. Circular Flow practice: Students will work in pairs to fill out a series of circular flow examples. Afterwards, I will assign a circular flow worksheet as a formative assessment (and due the next class). Thursday, March 24th: Government role in the economy (valuing) Objectives: SOL CE13a NCSS IV NCSS V Unit Goal 3 Unit Objective 1 Unit Objective 4 Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Structured Academic Controversy: This is a lesson plan type that has students argue both sides of a point before a consensus round. Students will be divided into groups of four with two holding down each side of the discussion. Students on each side will be given documents from which to argue which represent a particular viewpoint. After students make their points, they will be issued documents arguing the opposite of what they previously represented (so, for example, those previously arguing in favor of health care reform will now be arguing against it as bad for the economy). 3. Consensus Round: These two rounds will be followed by a “consensus” round whereby students will discuss what they actually think instead of merely position-taking on the issue. The results of this consensus round will be a short paragraph written by the group on what they ended up thinking and why. This will be taken up as an exit ticket and assessed for student learning (it will also be a participation grade). Monday, March 28th: Objectives: Final review of full unit. Covers all SOL objectives. Activities: 1. Daily Skill Builder: This is a short warm-up; it consists of a review question from the first semester of Civics that students write on and answer in their notebooks; afterwards, we go over it together as a class. 2. Jeopardy game: To align with the lower levels in Bloom's taxonomy, students will play jeopardy on teams for candy prizes. 3. Computer simulations: Games on the computer such as http://www.ftc.gov/bcp/edu/microsites/youarehere/site.html#/the-food-court will be played as a class. 4. Lecture on application of concepts: The teacher will recap the major hooks used to help students apply the various concepts learned during the unit. Wednesday, April 2nd: Final unit test. Culminating Activity: International Trade Simulation and project. Students will pick one of four roles in helping promote their country's successful international trade. Each role will have written work attached to it. The manager will be writing a document summarizing the difficulties and successes of managing people; the researcher will be writing a document on the three exports and three imports the country will be seeking and trading; the promoter will write a strategy memo on five countries the country will be targeting for trade and why; the negotiator will be writing a document after the simulation on the difficulties of negotiation and how their negotiations applied the economic concepts of supply and demand. Students will be graded on a 1-4 point scale in each category as evidenced below. CATEGORY (Group) Work demeanor (Group) Efficiency (Individual) Manager (Individual) Negotiator (note: bonus points if betterdressed than the minimum requirements) Excellent Good Fair The group works strongly together. They have a strong rapport or at least an excellent working relationship. No noticeable disagreements. Group works efficiently. Time is well-used, and the group works quickly and uses time well. The group seems to generally be “on the same page.” Group members generally get along; disagreements are relatively insignificant There is some distractability but this doesn't detract significantly from the quality of work. The group does not work particularly well together; there are significant disagreements that detract significantly from the work. Shows good effort at trying to ensure group remains on task. Supports negotiator effectively in simulation. Makes some effort at trying to ensure group remains on task. At least walks with negotiator in simulation, even if they don't provide much support. Successfully obtains Makes a strong at least one of the effort at negotiating imports needed by with other countries, their country as with some success. identified by the Well-dressed in researcher (this is a simulation (at least a plus, not a collared shirt). requirement for an “excellent”). Adept at negotiating with other countries. Well-dressed in simulation (at least a Poor The group does not work together or there is evidence of one person doing all of the group's work. Disagreements detract fatally from the work. Distractions and Distractions and possible misbehavior misbehavior detract a detract significantly great deal from the from the quality of quality of the work. work. Does not detract from the group's attention to the task at hand. May walk with negotiator in simulation. Detracts actively from the group's attention to the task at hand. Does not participate in simulation, or acts disinterested the entire time. Makes some effort to Makes little to no negotiate with other effort, seems countries, effort may disinterested. No be spotty. Does not attempt to dress up. wear a collared shirt in simulation. collared shirt). Identifies three exports and three imports for their country to work (note: in groups of with. Justifies each three, the effectively. researcher also takes on the manager's workload) Takes an active role (Individual) in strategizing which Promoter countries to trade with, as evidenced by accurate completion of strategy document and work with other groups. Very active during simulation. (Individual) Researcher Identifies three exports and three imports. Justification seems insufficient. Identifies at least two Identifies less than exports and two two exports and two imports. Justification imports. seems insufficient. Accurately completes strategy document, participates in simulation. At least partially completes strategy document, participates in simulation. Does not complete strategy document or does not participate in simulation. Assessment Formative assessments: -Students will complete exit tickets for the Structured Academic controversies on March 10th and 24th. These assessments will, between them, assess SOL CE11a and CE13a, as well as a variety of outside objectives (unit objectives 3 and 4, unit goal 1). -Students will complete worksheets of examples/non-examples during the concept formation lessons of March 2nd and March 4th. In both circumstances, these assessments will assess SOL CE11b. -Students will complete a “Make your own business” activity on March 16th, which will assess student understanding of SOL CE12a and 12b). Summative assessments: -Students will participate in an international trade simulation (SOL CE11a and CE12d). This simulation will assess their ability to apply concepts and simultaneously their knowledge of the United States' and Virginia's roles in the global economy. -Students will have a unit test with an essay on April 2nd. This will assess the entire unit for SOL completion. -Students will turn in a project on financial institutions. Their knowledge from this project directly implicates SOL CE12c which requires students to know about the financial system and how money shifts to those who borrow from those who save. Differentiation These lessons are differentiated to work well with students who have vision issues (several students have noted this problem in the various classes). Each powerpoint will be accompanied by a worksheet (with the exception of two small notes sections; for these, I will have a couple paper copies of the powerpoint to pass around just in case there are any difficulties reading for any of the students). Different learning is assessed; objectives are usually written out in notes and worksheets and also assessed either in an interpersonal manner (example: the concept formation lessons for days 2 and 3), in a “hands-on” manner (the banks project), or in a listening/engaging way (i.e. the presentation on opportunity cost, or the Dr. Seuss book on day 1). Accommodations In terms of accommodations, I will be ensuring that students who need extra time will be given opportunities to finish anything they need to in extra class time, after school, during lunch, or whenever else practicable. I hope to ensure that these students are fully included in the classroom. For those with IEPs, I will be providing extra copies of the notes to the para educator or special education instructor working with them if those are needed. For those without IEPs, I will email notes home if students or parents request. I will also be closely monitoring groupwork for those students diagnosed on the autism spectrum or having emotional difficulties related to outside conditions (for example, neurofibromatosis). Unit Reflection This unit design is surprisingly closely-aligned with what I ended up teaching during my five-week economics unit. The “scarcity and inequality” lessons from March 8th and March 10th (days five and six) were squeezed together into one lesson to allow for classes to catch up (I had set a little too optimistic of a pace) and to allow for greater circular flow practice during the March 8th class, due to the fact that students were having greater difficulty than expected in mastering the concept. The banks project was not done, due to time constraints and the large homework load I was already giving to students for purposes of assessment. The international trade simulation was very much a work in progress; the first day I had difficulty maintaining order, so on the second day I largely rewrote the simulation to provide greater structure and ease of control for both me and the students. The “Sneetches” reading activity from February 24th was moved to the 28th; we were unable to get that far in the lesson plan on the 24th. I had difficulty timing my lessons at the beginning of the unit; classes seemed to almost always move much faster or much slower than I was expecting through individual activites; consequently, my first lesson plan (the 24th of February) was over-planned and my second lesson plan (for the 28th of February) was under-planned. After that, things largely evened out and it became significantly easier to ensure that class time was used efficiently. Another area of tremendous growth for me was in learning how to plan in such a way that I covered all of the major potential problem spots. Often, a lesson plan looks very good on paper but encounters significant problems that the planner was unaware of until they crop up on the day of class. This particularly occurred during the Internaional Trade Simulation, but to a lesser extent on other days. I was able to quickly recover and change lessons over to be more productive and efficient with my time. A third area of growth for me was in my transitions. The activites in this unit plan may look like discrete, disconnected chunks of instruction. For the first few days, they largely were. As I became more comfortable in the classroom and with the flow of teaching, however, I learned how to transition with less effort and link lessons back to each other in such a way as to promote student understanding and the interlinking of different ILOs.