Call to Order Ms. Zeins has 3 hours between the end of school and the beginning of her class at Johns Hopkins. In that time, she has to finish an assignment.

Slides:



Advertisements
Similar presentations
Types of Economies Fill in the blanks on your worksheet
Advertisements

Economic Systems Who runs things around here?
Scarcity and Choice: Making A Decision When There Isn’t Much
Roles of the Women in the Civil War My project is on the jobs and/or roles of the women in the Civil War, on the battlefield or at home. My research question.
Understand economic systems. Economic Systems
Types of Economic Systems
Warm Up Take 7-8 minutes as a table, and define as many of these terms as you can. Skip the ones you don’t know, but leave space to fill them in: Goods.
Daily Warm up Activity (HOT Section Notes): You get $200 to spend on some clothes for school. What would you buy? Rules: 1.Must buy at least 5 items. 2.Create.
Benchmark 3 Indicator 2 The Student compares characteristics of traditional command, market, and mixed economies on the basis of property rights, factors.
FSMS 7 th Grade Social Studies; Unit 3 Production, Distribution & Consumption (Economic Systems) October th ; Day Georgia Standard SS7G7a.b.
Modern Economic Systems
Economic Systems SSEF4.
Standard 3: Understand Economic Systems EQ 3.01 A – C: Compare the four economic systems: traditional, free enterprise, command and mixed.
Chapter 2 Section 1 Answering the Three Economic Questions
Introduction to the Seven Elements of Culture
Different World Economies Economic Geography. TWO SCHOOLS OF THOUGHT Power to the People or Many Power to the Government or Few.
Elements of Culture.
Read to Learn Describe the three basic economic questions each country must answer to make decisions about using their resources.
Section 3: Government and economics  Democracy A governing system where the people take part in the decision making process People in a democracy vote.
What is Economics Chapter 1. Words to Know  Needs  Things that a person cannot live without  Food  Clothing  Shelter  Air.
Call to Order The Baka Pygmies hunt and forage for their food using wooden tools for weapons and woven vines and leaves for baskets. Sometimes, when there.
Command and Market Economies and the 5 Social Goals of Economic Systems Ms. Helton 01/10/12 Global Issues.
Traditional Command Market ECONOMIC SYSTEMS. INUIT PEOPLE INUIT PEOPLEINUIT PEOPLEINUIT PEOPLE.
Economic Systems Lesson 6. THREE BASIC ECONOMIC QUESTIONS.
Chapter #3 Section #3 Resources and world trade. Economic Systems Used Around the World.
What is Economics?. Economics Study of how people seek to satisfy their needs and wants by making choices.
What is Culture?.
The Meaning of Culture. What is Culture?  All the things that make a people’s entire way of life  Food  Traditions  Education  Clothes  Music 
Introduction to the Seven Elements of Culture
Economies Around the World. Just as governments can be classified into different kinds…. …the economies of the world can also be classified, based on.
Different World Economies Economic Geography. Adam Smith Adam Smith ( ) is considered the father of modern economic theory.
Goal 7 Introduction to Economics. What is Economics? Economics: the study of how people seek to satisfy their needs and wants by making choices Economics:
What is Economics?. Economics Study of how people seek to satisfy their needs and wants by making choices.
What is Economics?. Economics Study of how people seek to satisfy their needs and wants by making choices.
Economic Resources. Economic Systems -nations have different economic systems Four Basic Questions -every nation’s economic system must answer four basic.
Political and Economic Analysis. What is an Economy? -- Ch 3 Sec. 1 What is meant by the term economy The factors of production The concept of scarcity.
What is Scarcity? The idea that there are not enough resources to meet everyone’s needs & wants.
Comparative Economic Systems Do Now: Answer the following question to the best of your ability: What problem/issue determines how a country needs a system.
Different World Economies Social Studies/Economics.
Elements of culture Culture definition - The ideas, customs, and social behavior of a particular people or society Customs and Traditions Language Arts.
Economic Systems Economics Book Chapter 2 (p ) (p ) Pages to read p , 29-31, © Judith Schieszer for use in Shawnee Mission School.
Economic Systems. Economic System The way people decide to organize production, distribution and consumption. The decisions people must make about production,
Unit Two Economics in Louisiana. Economics is the study of the producing, disturbing, and consuming of goods and services. A person who studies the economy.
Economic Systems Traditional, Command, Market, and Mixed.
Read to Learn Describe the three basic economic questions each country must answer to make decisions about using their resources. Contrast the way a.
Louisiana’s Economy Chapter 3. Basic Economic Concepts Wants – things that people would like to have to make their lives more comfortable. Needs - Food,
Quiz Chapter 1 1.Name the second most widely used language in the world. 2.True or False: Japanese men bowing when meeting is an example of a culture trait.
Types of Economic Systems. Market The government has no say in what, how, or for whom to produce The factors of production are owned by individuals The.
Why would people stand in line all day for one roll of toilet paper? Moscow 1988.
Traditional, Market, Command, Mixed. Soviet Union—1980’s Why would people stand in line all day for one roll of toilet paper?
LET’S PLAY JEOPARDY!! Category 1Category 2Category 3Category 4 Category 5 Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final.
Have you ever thought that a pizza is the result of economic decisions?
Economic Systems. What is an economic system? It is a system that describes how a country’s economy is organized Every country needs a system to determine.
The People Of Utah A WebQuest for UEN Created by Kim Colton December, 2006.
7 th Grade Social Studies Instructor Mr. Babcock.
LATIN AMERICA TAKE HOME QUIZ 1. If you are learning about how countries produce, distribute and consume goods and services, you are studying _economics__.
Social Studies/Economics. Economics: The study of uses of scarce (Limited) resources to satisfy unlimited human wants.
Economics: SS7E1 The student will … Analyze different economic systems Traditional Economy Command Economy Market Economy.
Economic Systems. Human wants are unlimited, but resources are not.
What is Economics?. Economics Study of how people seek to satisfy their needs and wants by making choices.
Today’s Warm Up In your table groups, make a list of everything you need to survive. You have three minutes to write down everything that comes to.
Traditional, Market, Command, Mixed
Answer the following Three people are starting a new bakery in which they will be making cakes, decorating them, and delivering them to customers.
TYPES OF ECONOMIES SSEF4 The student will compare and contrast different economic systems and explain how they answer the three basic economic questions.
Introduction to the Seven Elements of Culture
Class Definition Class Definition
Economic Systems.
The Free Market System 1-1 What is a Free Market? 1-2
Customs and Traditions
Moscow 1988 Why would people stand in line all day for one roll of toilet paper?
Presentation transcript:

Call to Order Ms. Zeins has 3 hours between the end of school and the beginning of her class at Johns Hopkins. In that time, she has to finish an assignment for Hopkins, grade exit tickets, and eat dinner. Ms. Zeins decides to skip dinner and finishes her exit tickets and assignment just in the nick of time! What is scarce in this situation? What is the opportunity cost of Ms. Zeins’ decision? Would you have made the same decision? Why or why not? What is scarce in this situation? What is the opportunity cost of Ms. Zeins’ decision? Would you have made the same decision? Why or why not?

Objective SWBAT describe how traditional economies decide what to produce, how to produce, and for whom to produce by: Filling in a Graphic Organizer Watching a film Comparing/Contrasting tools used in various traditional cultures Completing a RAFT assignment SWBAT describe how traditional economies decide what to produce, how to produce, and for whom to produce by: Filling in a Graphic Organizer Watching a film Comparing/Contrasting tools used in various traditional cultures Completing a RAFT assignment

Economic Questions Who makes the decision? What is produced? How is it produced? How much is produced? For whom is it produced? Who makes the decision? What is produced? How is it produced? How much is produced? For whom is it produced? See if you can figure out which question is answered by each scenario. Each factory can only produce 100 tons of steel at a time. Tradition holds that the youngest in the family is taught to spear the fish and bring it home for dinner. All steel that is produced will be sent immediately to help our armed forces fight in the war.

This week, we will be learning about FOUR types of economies: Traditional Market Command Mixed We will explore how each of these types of economies answers the questions we’ve just learned about.

Today we’ll learn about… Traditional Market Command Mixed Let’s figure out why this youngster has a plate full of caterpillars!

In a Traditional Economy Who decides? All aspects of the economy are decided by TRADITIONS, which are customs passed down from generation to generation. The Amish pass their traditions down from one generation to the next

In a Traditional Economy What is produced? Mostly, only the things necessary to survive are produced. Traditional ornaments, jewelry, and tools may also be produced. These Canadian Inuit ornaments are made from sinew and ivory.

In a Traditional Economy How is it produced? Each member of the family or community has a specific role and traditional tools are used. To the left, Baka Pygmie women gather fruits from the forest. The young boys on the right help gather forest materials to make huts.

In a Traditional Economy How much is produced? Only as much as is needed by the family or community, or as dictated by tradition. This young Amish girl is milking a cow for her family.

In a Traditional Economy For whom are things produced? For family and community A young Baka Pygmie grinds food for his family

Copy down the following questions, leaving 3-4 lines of space between them. 1.How do the Amish dress? How do they travel around? 2.Why are the Amish called “the plain people”? 3.Elin says when his father was little, he bought one item for their family. What was this item? How did he buy it from the store? 4.Describe what the day consists of after the rooster crows. 5.What are the rules about electricity? 6.It turns out that only one of the six children is actually Amish. Do you think it would be difficult and/or possible to live an Amish lifestyle? Why or why not?

As you watch, answer the questions. I will be stamping to ensure that you are on task.

As I complete this web quest… Take note of 3 tools you seeDraw a picture of these three toolsState how one would these three tools