Unit 1: Introduction to Economics

Module 1.1

California Grade 12 Economics Standard: 1.1 Examine the causal relationship between scarcity and the need for choices.
  1. Assigned seats + folder labels + Syllabus + syllabus quiz +
  2. Note-taking and discussion guided by PowerPoint Presentation
  3. Start Decision-Making grid activity in groups of 3-4
  4. Homework:
    1. Signed Syllabus
    2. Acquire a designated Economics binder
01 Scarcity and Economic Decision Making lesson presentation

Module 1.2

California Grade 12 Economics Standard: 1.1 Examine the causal relationship between scarcity and the need for choices.
Objective: Students will examine the relationship between their choices [in the face of scarcity] and their core values.
  1. Finish Decision-Making grid activity in groups of 3-4
  2. Finish notetaking from Module 1.1 slideshow.
  3. Complete Quizizz over initial vocabulary.
  4. Civic Mirror Inquiry Parts 1-2 using the student manual as a source.
  5. Homework:
    1. this worksheet and this NY Times article "Your Spending Choices Often Reflect Your Values" (start in class and finish for homework)
    2. Acquire a binder dedicated to Economics and organize your binder according to the binder checklist.
Economics F2019 Binder Check #1

Module 1.3

California Grade 12 Economics Standard: 1 Students understand common economic terms and concepts.California Grade 12 Economics Standard: 1.2 Students explain opportunity cost.
Objective #1: Students will be able to identify whether factors of production fall under the category of land, labor, capital or entrepreneurship.Objective #2: Students will be able to understand a Production Possibilities Frontier.
  1. Take notes on the factors of production (presentation at right)
  2. Practice identifying the differences between land, labor, capital, entrepreneurship using the worksheet provided.
  3. Get to know you Bingo.
  4. Homework [Sunseri's class]:
    1. Complete the sections of the Unit Study Guide which have been covered so far in class.
    2. Study for vocabulary quiz (tomorrow).
  5. Homework [Martinez' class]:
    1. Complete this worksheet
    2. Study for vocabulary quiz.
02 Factors of Production and Opportunity Costs

Module 1.4

California Grade 12 Economics Standard: 1 Students understand common economic terms and concepts.California Grade 12 Economics Standard: 1.3 Students can explain opportunity cost.
Objective #1: Students will be able to identify opportunity costs as communicated on a production possibilities frontier (PPF).Objective #1: Students will be able to identify marginal costs and marginal benefits of certain decisions.
  1. Take notes on the Production Possibilities Frontier (see second half of Factors of Production ppt in Module 1.3)
  2. Practice reading a PPF (1st page of this worksheet).
  3. Take notes on how to identify the opportunity costs from a PPF.
  4. Practice identifying the opportunity costs from a PPF (2nd page of this worksheet).
  5. Practice understanding the meaning of opportunity costs in context using this worksheet
  6. Review for vocabulary quiz tomorrow. (Quizizz)
  7. Review for vocabulary quiz tomorrow. (Quizlet Live)
  8. Go over Binder list. Remind of binder deadline.
  9. Review answers to Civic Mirror Inquiry Parts 1-2

Homework:

  1. Study for Quiz tomorrow. (Quizlet)

Module 1.5

California Grade 12 Economics Standard: 1 Students understand common economic terms and concepts.California Grade 12 Economics Standard: 1.3 Students can explain opportunity cost.
Objective #1: Students will be able to identify opportunity costs as communicated on a production possibilities frontier (PPF).Objective #1: Students will be able to identify marginal costs and marginal benefits of certain decisions.
  1. Take quiz.
  2. PPF word problems (goes with this article)
  3. Pass out papers & go over Binder list. Remind of binder deadline.
  4. Name Civic Mirror Country
  5. Civic Mirror Inquiry Parts 3-4 (Homework if unfinished) using the manual as a source.


Module 1.6

California Grade 12 Economics Standard: 1 Students understand common economic terms and concepts.California Grade 12 Economics Standard: 1.3 Identify the difference between monetary and non-monetary incentives .
Objective #1: Students will be able to differentiate between monetary & non-monetary incentives as well as positive and negative incentives.Objective #2: Students will be able to differentiate the 3 economic basic questions that every society has to answer.
  1. Quiz Factors of Production and PPF (KS)
  2. Notetaking in Study Guide: Incentives
  3. Comprehension quiz over Incentives on Chromebook via Google Classroom.
  4. Notetaking in Study Guide: Economic Questions
  5. Economic Questions Quizizz
  6. Homework: Worksheet on incentives & economic questions


03 Incentives monetary nonmonetary positive negative

Module 1.7

California Grade 12 Economics Standard: 1.5 Analyze the role of a market economy in establishing and preserving political and personal liberty.
Objective #1: Students will be able to describe the 3 archetypes of economic systems in their purest (though theoretical, non-existent) forms: traditional, market, & command

  1. Notetaking in Study Guide: Economic Systems
  2. Quizizz on Economic Systems (NM)
  3. Watch "Setting Up Civic Mirror" video (in Edpuzzle)
  4. Log in to Civic Mirror
  5. Change Civic Mirror password.
  6. Name family members.
  7. Upload properly formatted (according to video) profile picture.
  8. Homework: Watch the following
    1. How to purchase goods & services video (in Edpuzzle)
    2. How to rent a home video (in Edpuzzle)
    3. If you own a property, watch the video designed for the property you own. The videos are provided on this page.
05 Economic Questions & Economic Systems

Module 1.8

California Grade 12 Economics Standard: 1.1. Examine the causal relationship between scarcity and the need for choices.
Objective #1: Students will be able to apply the concepts of scarcity and the need for choices to a hybrid online-interactive real-world simulation.
  1. Practice Run of Civic Mirror.

Module 1.9

Objective #1: Students will review for the Unit test.

Quizizz Review:

Module 1.10

Objective #1: Students will analyze the outcomes of their fellow citizens' economic choices during the Civic Mirror Practice Run.
Objective #2: Students will be able to identify some criteria used to compare the relative well-being of countries.
    1. Take the test.
    2. Complete the Post Practice Run Civic Mirror Inquiry (Part 5)
    3. Begin "In Command of the Economy" Civic Mirror Inquiry Part 6

Post-Test Civic Mirror Activities

Module 1.11

Objective #1: Students be able to apply their PPF skills to make development decisions for their Civic Mirror country
Objective #2: Students be encouraged to take ownership of their simulated country for the purpose of creating as real-life a simulation environment as possible for the remainder of the term.
  1. Complete the "In Command of the Economy" Civic Mirror Inquiry Part 6
  2. Develop National Identity for the Civic Mirror country.