Warm-Up: Read over your new economic vocabulary words that have been placed on your desk quietly for five minutes.

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Presentation transcript:

Warm-Up: Read over your new economic vocabulary words that have been placed on your desk quietly for five minutes.

I CAN.. Be introduced to essential economic vocab. by reading sentences that contain the new terms in PowerPoint format. Make my own connection to each vocab. word by developing your own sentence, giving an example or drawing a symbol Match the drawing/symbol with the correct vocab. term Identify what economic term is being used in each video example Identify which term fits into the provided sentences by utilizing context clues. Create a story using at least 3 of the vocabulary terms.

What is the most effective economic system? Essential Question: What is economics? What is the most effective economic system?

Directions: You will work in groups of 3. Assign a role to each person in your group. 3. The roles are as follows: Role 1: Write down the definition of your vocab. word Role 2: Draw an illustration (picture or symbol) of your vocab. word Role 3: Use your vocab. word in a sentence. Definition

Groups Group 1: Jose, Curtshawn, Keanu Group 1 word: Competition Group 2: Brian, Yadiel, Tymere Group 2 word: Command Economy Group 3: Tajean, Austin, Zack Group 3 word: Free Market Economy Group 4: Patrick, Ashley Group 4 word: Mixed Economy

Classwork/Homework In a formal paragraph, tell me which economic system you believe is the best. Consider your needs and wants. All systems had their advantages and disadvantages – which one do you support? Please use the “RACE” format when giving your answer. R = Restate the question A = Answer the question that is being asked C = Cite evidence from the text E = Explain your answer