Monday-

Test results/ Corrections

Tuesday-

Students to define vocabulary for next chapter

Wednesday-Friday

Students to take notes over new material:

• concept of productivity
• impact of specialization and division of labor on productivity
• impact of the law of diminishing returns
• concept of economies of scale

 

 

Monday-Tuesday

Topics:

• define the terms producers, raw-goods producers, manufacturers, builders, trade industries, retailers, wholesalers, and service businesses
• categorize types of producers in a private enterprise system
• identify types of retailers
• explain the role of retailers in a private enterprise system
• identify examples of wholesalers
• describe the role of wholesalers in a private enterprise system

 

Activities:  Students will take notes over material, participate in class discussions, and complete activities as directed.

 

Monday-Friday

Objectives:

• Explain the difference between needs and wants
• Distinguish between goods and services
• Describe the types of economic resources
• Explain marketing strategies for goods and services
• Explain how supply and demand affect prices of foods and services
• Explain how economic resources determine what goods and services will be produced

Activities:  Students will take notes over material, participate in class discussions, and complete activities as directed.