2. Warm-up: Review Activity for the Quiz 1- Get a review worksheet from the front. 2- Use your vocabulary, reading and notes from economic lessons 3 and 4. 3- Complete the review sheet and you will glue it into your journal. 4- You have 15 minutes and you may work with a partner.

3. Brain Pop “Stocks and Shares”

4. Economic Quiz #2 After the quiz- page 205- add lesson 5 vocab words page 210- read, highlight and answer the question to lesson 5 Make sure your packet is up to date for completion! Everything should be done through page 221 after today!

5. Money earned for job Income Money used by businesses or entrepreneurs to buy what they need to create their product or service Financial Capital Income the government receives through taxes Tax Revenue To put money into a business, financial account or property with the hopes of the funds increase in value Investment To set aside income for a period of time with the hope of gaining a profit Savings provided by the government for all citizens to use without any restrictions Public Goods

6. Resources, goods and services and money flow continuously among households, businesses and markets in the US economy

7. Objectives Essential Question Language Explain how consumers, businesses and markets interact. We will review and take a quiz, learn new vocabulary, take notes and participate in a FUN class activity.

8. Preview http://www.epa.go v/safewater/kids/fl ash/flash_watercyc le.html What is an ecosystem in science? Can you think of an example?

9. Notes 1- Resources, goods and services and money flow continuously between households, businesses and markets in the US economy.

10. - Own the resources used in production - Sell resources -Use the income to purchase products - Buy resources -make and sell products 3) Use profits to buy more resources - Some income/ profits used for saving and investments -Provides the FINANCIAL CAPITAL that can be borrowed -Allows for business expansion Individuals/Consumers (households) Businesses (Producer) Individuals and Businesses (Savings and Investment) - Collects tax revenue from individuals /businesses - Provides public goods - Individuals sell resources and buy goods - Businesses buy resources and sell goods Highlight this flow in a single color GOVERNMENT Highlight this in a 2 nd color FOREIGN MARKET Highlight in 3 rd color

11. Story

12. Economic Circular Flow Review

14. CLASS ACTIVITY!!!

15. Conclusion and Homework 1. Write a 2-3 sentence summary 2. Exit Ticket- Complete the exit ticket and turn it in (formative) 3. Homework on page 220- Draw an example of “Economic Circular Flow”.. - You can do it by using a particular good or service or just draw what you understand about the Circular Flow.

16. Create a Foldable 1. Fold like a hot dog and crease 2. Open up 3. Fold paper like a hamburger and crease 4. Open up 5. Fold over each half like a hot dog toward the center line and crease 6. Make a cut along the crease from the 1 st hot dog line (just to the edge) 7. You should have 4 flaps 8. Glue it down on the center of your page