1. 6th Grade Social Studies Unit 6, Lesson 1: What is Economics?

2. Every society has RESOURCES.

3. Every society has RESOURCES.
CAPITAL
RESOURCES
NATURAL
(Land)
RESOURCES
HUMAN
(Labor)
RESOURCES

4. Every society has RESOURCES which are used to produce
CAPITAL
RESOURCES
NATURAL
(Land)
RESOURCES
HUMAN
(Labor)
RESOURCES
which are used to produce
GOODS and SERVICES

5. But RESOURCES are limited and HUMAN WANTS are unlimited
which results in

6. But RESOURCES are limited and HUMAN WANTS are unlimited
which results in
SCARCITY

7. forces societies to make
SCARCITY
forces societies to make

8. forces societies to make
SCARCITY
forces societies to make
CHOICES
in order to answer

9. SCARCITY CHOICES in order to answer the questions:
forces societies to make
CHOICES
in order to answer the questions:
WHO will consume the goods and services?
WHAT goods and services will be produced?
HOW will the goods and services be produced?

10. SCARCITY
forces societies to make
CHOICES
in order to answer the questions:
WHO will consume the goods and services?
WHAT goods and services will be produced?
HOW will the goods and services be produced?
How a society answers these questions will result in a particular type of
ECONOMIC SYSTEM

12. Economists study ?
… how people produce, distribute, and consume goods and services
This includes:
Scarcity, choice, and decision making
Different kinds of economic systems
Productive resources (natural, human, capital)
Specialization, trade, and interdependence

13. Effects of Natural Disasters

14. Economic Effects of Natural Disasters???

15. Economic Effects of Natural Disasters
Disruption of the economy
Loss of jobs due to damage of buildings, etc.
Physical damage to businesses and industry
Loss of businesses
Disruptions in trade

16. Migration

17. Push/Pull Factors

18. Push/Pull Factors
What is an example of an
economic push factor?

19. Push/Pull Factors What is an example of an economic push factor?
economic pull factor?

21. From 1955 until 1973, over one million guest workers arrived in the Federal Republic of Germany, mostly from Italy, Spain, and Turkey.
Many people from Mexico and other Latin American countries migrate to the United States looking for jobs and a better life.
The State of Qatar has one of the fastest growing economies in the world and a relatively small native population. This situation has led to an influx of foreign nationals and a population boom.

22. Migration
Urbanization
Causes
Effects

23. What are some economic reasons that people move to cities?

24. What are some economic reasons that people move to cities?
Jobs
More opportunities
A chance for a better life
A greater variety of goods

25. Cultural Components Relating to Economics
CULTURE
Cultural Components Relating to Economics

26. Cultural Components Relating to Economics
CULTURE
Cultural Components Relating to Economics
The ways people make a living
They types of currency people use
The ways in which goods are made
People’s beliefs about wealth and material goods

27. Cultural
Landscapes

28. How do Cultural Landscapes Reflect Economics?

29. Environment Interaction
Using
the Environment
Human/
Environment Interaction
Adapting
to the Environment
Modifying
the Environment

30. Photographs of the Aral Sea
2000
2012

31. Photographs of the Aral Sea
2000
2012
How did economics relate to the shrinking of the Aral Sea?
Source: Photographs of the Aral Sea.

32. What were some economic effects of the shrinking of the Aral Sea?
Aral Sea Dried Up. 16 March
What were some economic effects of the shrinking of the Aral Sea?

33. What are they? Where are they? How do people use them?
NATURAL
RESOURCES
How do people use them?

34. ACTIVITY

35. RICH POOR What did you learn about economics in this activity? Letter
Natural Resources
Rich, Poor or In the Middle? A
cobalt, copper, niobium, tantalum, petroleum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, hydropower, timber B
deepwater harbor, feldspar C
nickel, uranium, rare earth oxides, peat, cobalt, copper, platinum, vanadium, arable land, hydropower, niobium, tantalum, gold, tin, tungsten, kaolin, limestone D
petroleum, natural gas, fish E
coal, copper, lead, molybdenum, phosphates, rare earth elements, uranium, bauxite, gold, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber F
none G
hydropower, fertile agricultural land, gold, diamonds, petroleum, hardwoods, limestone, iron ore, copper, chromium ore, zinc, tungsten, mica, silver H
limestone, arable land, hydropower, unexploited deposits of uranium, coal, and bauxite
Dem. Rep of the Congo
Hong Kong
Burundi
Quatar
United States
Macao
South Sudan
Malawi
RICH
POOR

36. Human
Modification
Of the Environment
HOW?
WHY?

37. What are some economic reasons humans modify the environment?
Modification
Of the Environment
HOW?
WHY?
What are some economic reasons humans modify the environment?

39. 7 Ways Humans are Damaging the Planet. 20 April 2013. http://www. mnn

40. 7 Ways Humans are Damaging the Planet. 20 April 2013. http://www. mnn

42. Overfishing Cartoon. 7 May 7 2013. http://www. thelivingocean

43. Economic Globalization is
about connections and interdependence

44. Criteria/ Definition of Economic Globalization
The development of increased interconnections and interdependence
of many different economic systems
marked by free trade and the free flow of capital, labor, and resources

45. Property of Oakland Schools
Author: Carol Egbo
Editor: Amy Bloom
Copyright © Oakland Schools