WHE07 1.2

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Contents 1 Economics Standard 1.2 for 7th Grade 2 Standard in Kid Friendly Language 3 Standard Unwrapped 4 Instructional Strategies 5 Assessment Strategies 6 Resources 7 Projects and Activities

Economics Standard 1.2 for 7th Grade

Students understand that economic incentives influence the use of scarce human, capital, and natural resources.

Standard in Kid Friendly Language

• Students should understand that there are only so many workers and jobs, so much room, and so much stuff to go around. They should also know how our government manages our limited resources.

Standard Unwrapped

KNOW

• economic incentives
• scarcity
• human resources
• capital resources
• natural resources
• economic goals
• externalities
• opportunity cost

ABLE TO DO

• analyze how economic incentives influence how individuals, households, businesses, governments, and societies use their scarce resources;

• identify different economic goals and giving examples of the trade-offs among economic goals.

Instructional Strategies

• Lecture and notes
• Career planning

Assessment Strategies

• Vocabulary test
• Economics simulation rubric

Resources

Economic Policy Institute

United States Department of Commerce

Colorado Government | See links to business and economics-related issues.

Projects and Activities

• Economics simulation

--G.R. McConnell 10:15, 19 June 2008 (MDT)