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Macroeconomics: Measuring the Health of the Economy Student Stations Activity
This assignment is intended to be a PREVIEW or REVIEW of the 8 Macroeconomic concepts listed below, therefore students will not be completing an exhaustive study of Macroeconomics (Essential Question: How do you measure the health of the U.S. economy as a whole?). Each assignment included in this packet, is intended to be a short, concise preview or review (each activity takes about 15-20 minutes). This packet of worksheets could be used in 1 of 3 ways: Option 1: You can make a packet out of the worksheets to give to students to complete independently in 1-2 class periods prior to or after they are taught these concepts in-depth in class.Option 2: You could use each assignment as a quick warm-up activity at the start of 8 different classes, while you are teaching these concepts in-depth.Option 3: You could put students into groups of 3-4 and have them rotate to 8 stations around the room, completing the activities in 15-20 minute intervals. (1-2 class periods). I have included directions for each station if you choose to present this lesson as a “stations activity”. Preview or review.The worksheets in this packet address the following concepts/key ideas:Evaluate the economic performance of the U.S. economy “GDP”,What effect do Business Cycles have on workers and businesses?,How do inflation and the unemployment rate serve as indicators of the health of the economy?~ What makes the economy grow?,What role do taxes play in the United States’ economic success?, How big is the Federal budget and what do they spend it on?, How do decisions about spending made by the U.S. government impact the health of the economy?, How does trade affect the health of the U.S. economy and competition in international markets improve the quality of U.S. products?
19 Economics videos with Worksheets!
This Economic video collection contains 19 public access video links (QR Codes and web addresses provided) and corresponding worksheets for various economic topics. Most video activities (video and worksheet) can be completed in 10 minutes or less and are perfect as warm-up activities, review activities or to supplement a lecture. Students can scan the QR Codes provided (with their free QR Code reader app on any smartphone) OR can just watch the videos on any computer with internet connection. If students do not have internet access, you can project these videos on the LCD projector and watch them as a class. ANSWER KEYS are provided. Topics include:-Gross Domestic Product-Supply, Demand, Equilibrium, Labor market, Circular Flow Model, Externalities, Demand with income effect/substitution effect, Birth of Markets, Natural resources, Mankiw’s 10 principles, Money and banks, Federal Reserve, Minimum wage debate, globalization …..And more!
Understanding Demand: Student Simulation and Activities
This 9 page packet includes everything you need to conduct an introductory lesson on the Law of Demand, Substitution Effect and Income Effect. In this lesson your students will:-Participate in a class simulation to understand the Law of Demand-Watch 3 short videos on the Law of Demand, Substitution Effect and Income Effect while taking notes (worksheet included) Videos are free to watch on the internet.-Complete a chart in which they illustrate their understanding of the Law of Demand, Substitution Effect and Income Effect.-Create their own Demand Curve and answer critical thinking questions about their graph.-Complete a short Exit Card/Assessment writing activity.All materials included: students worksheets, handouts and step-by step teacher directions
Factors of Production Student Activity
This activity contains everything your students need to gain an in-depth understanding of the Factors of Production. Perfect lesson to use during a beginning Econ unit (Unit 1) where students are learning the basics of Economics. In this activity:1) Students will complete a graphic organizer, Factors of Production Chart, on the 4 Factors of Production using their classroom textbook or online resource.2) Students will then participate in a group activity in which they list all of the Factors of Production for an assigned good or service, create a poster of this information and share out with the class.3) Students will watch a video on how the Factors of Production may be affected in the future. (Video is public access on YouTube) and is 15 minutes in length. Students will answer questions about the video while watching.4) Assessment/Conclusion Activity Included.FULL LESSON, all worksheets, teacher STEP-BY-STEP directions are all included.
Mankiw’s 7 Principles of Economics Student Stations Activity
This 30 page lesson/power-point gives you everything you need to conduct a lesson/student activity on Mankiw’s 7 Economic Principles. The Economic Principles addressed in this lesson are: 1) People Face Tradeoffs 2) Our Choices have Costs and Benefits3) Thinking at the Margin4) Incentives are Important 5) Trade makes Everyone Better Off 6) Markets are a Good Place for Trade 7) Our Decisions have Future Consequences...In this lesson your students will 1) Create an Application Handbook that requires students to conduct an in-depth study of each of the 7 economic principles (above) while they rotate to 7 different “stations” around the classroom and complete different activities. 2) While students visit each of the 7 stations around the classroom they will be required to complete a short activity/task that will allow them to gain a deeper understanding of each of the principles. (Tasks included: participating in a simulation in which they “trade” with their table partners to simulate markets, watch a short video clip from YOUTUBE to visualize different types of markets, examine 6 decisions made by an imaginary government to predict some possible unintended consequences and MORE…) each activity requires critical thinking…This lesson INCLUDES all the materials needed for the lesson/ student STATION’s and STEP-BY-STEP teacher directions! *Common Core Lesson*