Lesson 1 - Review - 6 key concepts of Economics and Business
Aim: (Please write in workbook)
To list and explain the 6 key concepts of economics and business
To list and explain the 6 key concepts of economics and business
At the completion of this lesson, students should be able to:
- List and define the 6 key concepts of Economics and Business:
Scarcity, Making Choices, Specialisation and Trade, Interdependence, Allocation and Markets, Economic Performance
Living Standards
- List and define the 6 key concepts of Economics and Business:
Scarcity, Making Choices, Specialisation and Trade, Interdependence, Allocation and Markets, Economic Performance
Living Standards
6 Key economics and business concepts
Using pages 300-303 of your textbook, investigate and record the key points of the 6 key concepts (Scarcity, Making Choices, Specialisation and Trade, Interdependence, Allocation and Markets, Economic Performance, Living Standards). You may use the table provided, or create your own graphic organiser (digital or by hand). If you choose to create your graphic organiser on the computer it is your responsibility to print this for your workbook.
Using pages 300-303 of your textbook, investigate and record the key points of the 6 key concepts (Scarcity, Making Choices, Specialisation and Trade, Interdependence, Allocation and Markets, Economic Performance, Living Standards). You may use the table provided, or create your own graphic organiser (digital or by hand). If you choose to create your graphic organiser on the computer it is your responsibility to print this for your workbook.
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Trim your table or graphic organiser and secure it into your workbook
(Don't forget a heading!) |
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Exit ticket: What do you think the relationship is between scarcity and making choices?
Hand your exit ticket in with name and class number before leaving |
Early finisher? Try this!
Create a set of flashcards to test your knowledge on the 6 key concepts
Create a set of flashcards to test your knowledge on the 6 key concepts
| flashcard_template.docx |
