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Week of: February 21- Mar 1, 2013 Ms. Harriatte Date: NGSS Objective(s): Common Core Reading/Writing Standards Essential Question(s): Mon SS.912.E.2.1 Identify and explain broad economic goals SS. 912. E. 1.1 Identify the factors of production and why they are necessary for the production of goods and services SS.912.E.1.2 Analyze production possibilities curves to explain choice, scarcity, and opportunity costs. SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by economists SS.912.E1.4 Define supply, demand, quantity supplied, quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by economists LACC.912.WHST.2.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. LA.1112.2.2.3 The student will organize information to show understanding or relationships among facts, ideas and events. Why are the factors of production necessary for the production of goods and services? LACC.912.WHST.2.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. LA.1112.2.2.3 The student will organize information to show understanding or relationships among facts, ideas and events. Why are the factors of production necessary for the production of goods and services? SS.912.E1.4 Define supply, demand, quantity supplied, quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by LACC.912.WHST.2.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. LA.1112.2.2.3 The student will organize information to show understanding or relationships among facts, ideas and events. Why are the factors of production necessary for the production of goods and services? Tues W How are production possibilities curves used to explain choice, scarcity, and opportunity costs? How are production possibilities curves used to explain choice, scarcity, and opportunity costs? How are production possibilities curves used to explain choice, scarcity, and opportunity costs? Agenda (Activities and Homework): 1. Unit 1 Test (Ch. 1-3) 2. Upon Completion, pick Vocab term for next unit or begin finding current event. 1. Warm up ( see ppt) (p97) 2. Discussion: Demand 3. Review 4. Economic Lab (Demand Schedule, Curve, Change in Demand) 5. Elasticity Peer Activity 6. Homework: Economics Lab practice 1. Warm up ( see ppt) (p97) 2. Discussion: Demand 3. Review 4. Economic Lab (Demand Schedule, Curve, Change in Demand) 5. Elasticity Peer Activity 6. Homework: Economics Lab practice economists Thurs Fri SS.912.E1.4 Define supply, demand, quantity supplied, quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by economists LACC.912.WHST.2.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. LA.1112.2.2.3 The student will organize information to show understanding or relationships among facts, ideas and events. Why are the factors of production necessary for the production of goods and services? SS.912.E1.4 Define supply, demand, quantity supplied, quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by economists LACC.912.WHST.2.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. LA.1112.2.2.3 The student will organize information to show understanding or relationships among facts, ideas and events. Why are the factors of production necessary for the production of goods and services? Emergency Lesson Plans: How are production possibilities curves used to explain choice, scarcity, and opportunity costs? How are production possibilities curves used to explain choice, scarcity, and opportunity costs? 1. Review: Demand Activity 2. Discussion: Supply 3. Review 4. Economic Lab (Supply Schedule, Curve, Change in Supply) 5. Elasticity Peer Activity 6. Homework: Economics Lab practice 1. Review: Demand Activity 2. Discussion: Supply 3. Review 4. Economic Lab (Supply Schedule, Curve, Change in Supply) 5. Elasticity Peer Activity 6. Homework: Economics Lab practice