28.12 High Impact Teaching Strategies: Structuring Lessons, Explicit Teaching, Collaborative Learning Lesson Plan: 1. Activate student background knowledge about economics. Have them think about a time when they did something to earn money. Give them the opportunity to share. Ask: a. What did you do to earn money? Did you make goods or provide services? (Answers may vary.) b. What did you spend the money on? (Answers may vary.) 2. Read the article as a class. Write the word “economics” on the board. Discuss the article. a. Explain: People who study economics are called economists. They study how we make goods and provide services. They also study how people earn and spend money. A good economy means people are buying and selling goods and services. They are also making money. A bad economy means people are not buying goods and services. Businesses are not doing well. 3. Point to and discuss each image in the student edition. Identify which part of economics each image shows. (making goods, providing services, earning money, spending money) 4. Recap what has been learned this week about economics. Help students understand that all the lessons and activities they have done this week are part of economics. 5. Have the students think about ways they participate in the economy by earning and spending money. Ask: a. How do you participate in the economy? (Answers may vary.) b. What goods and services do you buy? (Answers may vary.) c. How do you earn money? (Answers may vary.) d. What do you spend money on? (Answers may vary.) 6. Give each student a copy of the graphic organizer Earning and Spending Money. a. Ask the students to draw or write about the ways they earn and spend money. b. Have the students glue the graphic organizer into their interactive notebooks. 7. Give the students more opportunities to participate in the class store. Tell them that when they play, they are acting out economics. Article Assessment Question: 1. What is economics? a. how people work
b. how goods are made c. how cities are named d. how money is destroyed
Economics | Week 28
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