Economics

Grade Level: 7th Grade

Subject: Social Studies 

Time Frame: 8 weeks (April/May)

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Big Understandings

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- investigate the role of consumers within the Eastern Hemisphere

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Essential Questions

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- what are the similarities and differences between different markets in the Eastern Hemisphere? 

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By the end of the unit, students will be able to:

 

- define resources from an economic and personal finance perspective
- summarize how the distribution of resources impacts consumerism
- compare and contrast choices available to consumers within different cultures as they developed in the Eastern Hemisphere throughout history

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Topics:

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◦ Finance Park 
◦ Supply and Demand 
◦ Price
◦ Production
◦ Profit
◦ Resources, scarcity
◦ Value, taxation   

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Standards

SS.7.3.2