General Information
Title: Assessment
Subject Area: Social Studies/Economics
SOL 7.6 - Virginia Standards of Learning
The Students will explain the structure and
operation of the United States economy as compared with other economies,
with emphasis on:
-
the basic concepts of free market, as described
by Adam Smith, and of communism, as described by Karl Marx;
-
the concepts of supply and demand, scarcity,
choices, trade-offs, private ownership, incentives, consumer sovereignty,
markets, and competition;
-
private and public financial institutions
-
the economic impact of consumption, saving and
investment, and borrowing by individuals, firms and governments; and
-
the differences between free market, centrally
planned, and mixed economies.
Grade Level: 8
Lesson Topic: Different world economies
Descriptive Overview: Students will
exhibit their knowledge of world economies. Students will be able to compare
and contrast the advantages and disadvantages of these economies. Students
will also analyze the evolution of the United States economy from a basic
market economy to a mixed economy.
Advantages of Medium: Students can
review economic systems content before the evaluation occurs.
Lesson Specifics
Lesson Objectives/Goals: The student
will: Interpret the historical and political significance of world economies
Assumed Skills or Prerequisite Skills:
Students must be familiar with the unit vocabulary
Learning Environment:
-
One computer: Students can use previous simulations
as a review before evaluation.
-
Lab Setting: Students can complete activities
individually.
Instructional Set
Teachers should review the basic principles
of each economy discussed.
Gaining Attention: Not applicable
Orienting the Lesson: Not applicable
Stimulating Recall of Prerequisites:
Not applicable
Key Questions:
-
What are the characteristics of each type of
economy?
-
How have world events contributed to the development
of specific economies?
Teaching Strategies
-
Review PowerPoint presentation from lesson 1.
-
Students will respond to the political
cartoons in writing.They will base their answers on prior knowledge
of world events and history.
-
Students will apply prior knowledge of economic
systems to answer questions
about the constitution
Terminology/Vocabulary:
Not applicable
Practice: Not applicable
Assessment: This activity will be
the assessment for the mini-unit on world economies.
Enhancements
-
Students could surf the web for relative political
cartoons.
-
Students could create their own political cartoons
based on current economic events.
Extensions
Not applicable