Week 18

Economics 2

Lesson Power Point

Find Someone Who Document

Study Guide
Learning About Natural Resources Video
1. Economy is about the use of resources.
2. There are three types of resources: 1. Natural Resources 2. Capital Resources 3. Human Resources
3. Natural Resources are things found on earth or in nature. Some examples are: land, rocks, water, coal, iron, oil, plants, animals, sunlight.
4. Human Resources are the people who work or do labor. Examples are: teachers, clerks , cowboys, carpenters, doctors, truck drivers.
5. Capital Resources are made by people and used by people to make other things. They are used over and over without being used up. Examples are: Machines, tractors, tools, equipment, factory buildings, computers, cash registers.
6. Producers are people or companies that make goods or provide services. They sell their goods or services.
7. Consumers are buyers. They spend their money to get things they need or want.
8. Production is the way that goods or services are made. Production makes use of the three resources.
9. Interdependence is when people or countries depend on each other.
KNow the reason why someone can be a producer and a consumer.
Know why we need both producers and consumers.

Lesson Plans

Day 1:
  • Introduce new material with PPT and study guide.
  • TLW view a video on “Learning about natural resources”.
  • TLW complete “Resources” handout. Finish for HW.
Day 2:
  • Review study guide material in Kagan structure.
  • TLW create a tree map of producers and consumers by either listing them or cutting them out of magazines. Then, label the producers as either manufacturing producers or service producers.
  • TTW discuss consumers and producers through lesson provided. Read the story and discuss how people play both roles, but not at the same time.
  • Discuss interdependence and introduce paper doll activity.
  • HW: Paper doll activity and “Producers and Consumers” WS.
Day 3:
  • TTW display paper dolls of producers and consumers. Review HW worksheet.
  • “Goat in the Rug” Lesson
    • Read the story
    • TLW work with a partner and put the events in sequence by creating a flow map of story events.
    • TLW create a tree map classifying examples of resources used in the story. Label each example.
Optional: Instruct students to write about something they produce at home. (ex: making a sandwich, clean room, set table, do homework) Remind them this will be a narrative of telling a story. Students should mention different types of resources or goods used.
Day 4:
  • Finish “Goat in the Rug” lesson if needed.
  • TLW view a United Streaming video from box.
  • TLW Review resources by completing “What Kind of Resource Is It?” WS.
  • Check WS and discuss.
  • HW: Study for test.
Day 5:
  • TLW demonstrate knowledge of Economics Part 2 by taking a teacher made test.