Mount Carmel Academy

							                                Mount Carmel Academy
                                    Lesson Plans

JONI SMITH                           ECONOMICS                             SEPT. 10-14,
2012

TEKS: 4A, 4B, 5A, 5B, 7A, 10A, 10B




Monday, September 10 , 2012

      Focus: Define the following words: freedom, security, equity. Now, redefine
       these words in terms of economics (ie. economic freedom, economic security,
       economic equity). Which is more important to you and why? Respond in a few
       sentences.

      Objectives: The students will be able to do the following:

             Describe the basic economic and social goals used to evaluate economic
              performance.
             Evaluate the trade-offs among economic and social goals.

      Instruction: Discuss the focus aloud in class. Allow several students to read their
       answers. Have the students list and define the Economic and Social Goals on the
       Board:

                      Economic Freedom:
                      Economic Efficiency:
                      Economic Equity:
                      Economic Security:
                      Full Employment:
                      Price Stability:
                      Economic Growth:
                      Future Goals (including Trade-Offs)

       For homework, students are to answer questions #1-6 p. 44 in the text. All
       questions due on Friday.

      Materials: Text, Focus Notebooks



Tuesday, September 11, 2012
      Focus: Students are to draw figure 2.2 p.47 in the text. After they have drawn,
       they are to read p. 52 in the text and answer questions #1-2.

      Objectives: The students will be able to do the following:

             Explore the characteristics of a free enterprise system.
             Describe the role of the entrepreneur, the consumer, and the government in
              a free enterprise economy.

      Instruction: Discuss the focus activity concerning Profiles in Economics. We
       will read through the section 3 aloud in class (pp. 46-51). Students will have
       small poster shapes. As we go through the section, have each student work on a
       word for the word wall (all bold terms). Answer aloud questions #1-7 p. 51.
       Students are to finish any questions we do not complete in class.

      Materials: Text, Posters for Word Wall, Focus Notebook



Wednesday September 12, 2012

      Focus: Some economists classify consumer decisions in three major categories –
       habitual, impulsive, or rational. Habitual decisions are those made routinely, such
       as purchasing gasoline. Impulsive decisions are those made on the spur of the
       moment. Rational decisions are given great through and usually involve the
       purchase of an expensive item. Give three examples for each classification and
       decide which purchase is the most responsible.

      Objectives: The students will be able to do the following:

             Identify the major economic systems (traditional, command, and market)
              and discuss advantages and disadvantages of each.
             Identify and evaluate the major social and economic goals of the United
              States.
             Define economic capitalism and economic freedom and analyze the the
              ramifications of each.

      Instruction: Have several of the students share their focus answers. Create the
       test over Chapter 2 and allow the students to make their reveiws for the test
       scheduled for Tuesday. Make sure that the students know that they will be
       responsible to turn in their reviews in order to take their test.

      Materials: Text, Review Materials for the Test
Thursday, September 13, 2012

       ASSESSMENT – Students will be tested over Chapter 2 “Economic Systems and
       Decision-Making.” Students are to read Chapter 3 pp. 57-66.




Friday, September 14, 2012

      Focus: What do you think are the most important traits for someone to develop to
       be successful in today's global business environment? In groups of four make a
       list of at least four characteristics. Make sure that you rank order these from most
       important (1) to less important (4).

      Objectives: The students will be able to do the following:

             Describe the characteristics of the sole proprietorship.
             Identify and describe the advantages and disadvantages of the partnership.
             Describe the structure and features of the corporation.

      Instruction: Divide the class into three groups. Each group will use one of the
       boards to list the important information concerning each form of business – sole
       proprietorship, partnership, and corporation. They are to define each, list the
       advantages and disadvantages, and illustrate. They will have approximately
       fifteen minutes to create their white board. They will present (five minutes each)
       at the end of class.

      Materials: White Boards, Markers, Text, Focus Notebooks