12/2 Economic Systems; Standard of Living

Whenever you need help, please ask for it.

Please write your homework in your assignment book.
Please review the goal and agenda for the day which is posted in the classroom.

Today in class you will 

• show that you have a sense of what the three basic economic systems are through pictures, words, and symbolism.
• begin to develop understanding of standard of living.

Why?

• To develop your understanding of basic economic concepts.
• To describe how different economic systems try to answer the basic economic questions of what to produce, how to produce, and for whom to produce.

1.  Follow the Economic Systems - Frayer directions in Google Classroom.  20 minutes

2.  7 minutes
     a.  Examine this picture which shows a family with its most valuable possessions taken outside of their home: link to photo.

     b.  Examine this picture which shows a family with its most valuable possessions taken outside of their home: link to photo.

     c.   Jot on your scrap paper:  In which place do you think the people are better off?  Why do you think this?  Should people be bothered that some have so little?  Why do you think this?

3.  Get a sense of "standard of living" by.....  10 minutes

1. Google "standard of living"
2. Google "standard of living" "united nations"

4.  Create a web in a Google Drawing which shows a connection between each of the following and standard of living:  10 minutes

1. wealth
2. health
3. education
4. infrastructure
5. leisure time

5.  Discussion