2/23 Basic Economic Concepts - Review

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 in the class.

Today in class you will 

• make connections between economic systems, standard of living, and trade/globalization.
• generate questions to review economic systems, standard of living, and trade/globalization.

Why?

• To better understand basic economic concepts.
• To better understand the connections between basic economic  concepts.

1.  With another near you, discuss - in your own words - why you are in social studies today (see above). 2 minutes

2. Review the three topics with your group. Make sure you also interact about how economic systems, standard of living, and trade/globalization are connected and intertwined. (timer) 10 minutes

3.    15 minutes

"Openclipart." Clipart. Accessed February 22, 2016. https://openclipart.org/detail/226077/smiley-face-with-tongue-out.

4.  Review connections between economic systems, standard of living, and trade/globalization.  10 minutes

5.  Share with the class. 10 minutes

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Parents

You could ask your child the following: 

• How are economic systems, standard of living, and trade/globalization connected? Explain.