Economics

Week One:

Students will write a 70 word reflective journal on the principles of economics.

Which principle is most important? Why?

Week Two:

Students will be asked to write 150 word responses to opportunity cost.

What is one item or event you gave up in order to receive another?

Describe what was given up and why you made the choice you did?

Week Three:

The students will select one country during World War I.

The students will be asked to identify various trading partners the country had. (minimum of 3)

The types of good and services they exchanged with each trading partner.

Who benefitted most from the trade? Which country?

Students will also be asked to include two pictures in their blog post.

Week Four:

Students will begin working on their guided reading homework.

The guided questions will involve different selected industries.

The industries selected will be those that were popular during FDR’s New Deal.

The choices include;

1. Federal Deposit Insurance Corporation (FDIC)

2. Federal Emergency Relief Administration (FERA)

3. Civil Works Administration (CWA)

4. Civilian Conservation Corps (CCC).

The students will then identify and explain the four characteristics of market structures as it pertains to their selected New Deal Industry or Organization.

Week Five

Students will end the period by quick writing 5 general questions about debt and credit;

What are some ways that people get into debt trouble?

What do you think that an acceptable debt to income ratio may be?

What are some things that someone may do to relieve themselves from debt trouble?

What debt issues were present in the United States during the Great Depression?

Could these issues have been avoided?

The students will then discuss their thoughts as a whole and explain how credit rates affect interest and interest rates would affect levels of debt.