Instructor: Kennedy Team: Miami Grade Level: 6th Studies Lesson Title & #: 4 Factors of Production; Basic Economic Questions; Types of Economies Unit: Economics # Students: 180 # IEP Students: 13 Kentucky Core Content 4.1 3.1.1 Monday, Friday 3.2.1 Tuesday, Wednesday, Thursday, Friday 3.3.1 3.4.2, 3.4.1, 3.3.2, 3.3.3 Subject: Social Date(s): 11/29-12/3 Period(s): 3-6 # G/T Students: 10 # ESL Students: 2 # D/HH Students: DOK Abbreviated Description 3 3 3 3 *Explain and give examples of how scarcity requires individuals, groups and governments to make decisions about how productive resources (natural resources, human resources, capital goods) are used. Compare economic systems (traditional, command, market, mixed) Explain how in market economies the prices or goods and services are determined by supply and demand. Describe how new knowledge, technology/tools and specialization increase human productivity. Essential/Guiding Question: What are the four factors of production? Why are they important in making economic decisions? Monday, Friday What are the different types of economic systems? How does the type of economic system Essential/Guiding Question: affect the people? Learning Objective: The Student Will Be Able To (TSWBAT) Monday, Friday Learning Objective: TSWBAT Tuesday-Friday I can identify the four factors of production. I can explain why they are important in making economic decisions. I can compare the economic systems of traditional, command, free market, and mixed. Learning Objective: TSWBAT Critical Vocabulary Specific Activity & Procedures Day Duration Resources & Technology Bell Ringer #39: Geography Review Supply, demand, needs, wants, consumer, barter, import, export, profit, taxes, tariff, market, the law of supply and demand, Review Economic Vocabulary (Create a game for your partner): Independent Activity Partner will complete the game: Cooperative 11/29 50 min Learning Exit Slip: What is needed to produce a good/service? Smart Board, Vocabulary Chart, Partner, Colored Pencils Bell Ringer #40: Geography review Free Market/Capitalism, Mixed, Traditional, Command, Monopoly, Note taking, Introduction of vocabulary: Lecture and Discussion 11/30 50 min NOTE TAKING, Smart Board, Computer; Note Taking Guide; 12/1 50 min Smart Board, Worksheet, Books on Countries for Activity 12/2 50 min Smart Board, Worksheet, Books on Countries for Activity 12/3 50 min Quiz; Time For Kids Magazine Exit Slip: What is the difference between a Free Market and Command Economy? Bell Ringer #41: Geography Review Free Market/Capitalism, Mixed, Traditional, Command, Monopoly, Economic Scavenger Hunt: Economic Systems around the world: Cooperative Learning Students will present what they find Exit Slip: List the four types of Economies and give an example of one Bell Ringer #42: Geography Review Free Market/Capitalism, Mixed, Traditional, Command, Monopoly, Free Market/Capitalism, Mixed, Traditional, Command, Monopoly, Supply, demand, needs, wants, consumer, barter, import, export, profit, taxes, tariff, market, the law of supply and demand, Pre-Assessment Finish Activity from Wednesday; Students will present what they have found Exit Slip: What is the difference between an mixed economy and a traditional economy? Bell Ringer #43: Geography Review Quiz: Types of Economies and Factors of Production Students will read content related magazine article: Time For Kids Magazine: Japan Formative Assessment Summative Assessment Exit Slip: Monday-Thursday Common Assessment Quiz on Friday Special Education Modification(s): Extra-time, modified list, copy of notes, chunking Gifted & Talented Modification(s): Reflection Independent Study: Report on the Type of Economic System in China Changes Needed