Title: The Production and
Distribution of Goods and Services in the U.S. Economy
Subject Area: Social Studies/Economics
SOL 7.7 - Virginia Standards of Learning
The students will describe the role of the governments in the United States economy, with emphasis on:
SOL 7.10 - Virginia Standards of Learning
The student will interpret maps, tables, diagrams, charts, political cartoons and basic indicators of economic performance ( gross domestic product, consumer price index, productivity, index of leading economic indicators, etc.) for understanding of economic and political issues.
Grade Level: 8
Lesson Topic: The Production and Distribution of Goods and Services in the U.S. Economy
Descriptive Overview: In the American economic system, the market and the federal, state, and local governments share in the important role of production of goods and services. This system is called a mixed market economy, or more simply stated, a mixed economy. And, in the American mixed economy, any level of government may influence the market. They do this primarily as a matter of consumer protection. This lesson will present a broad view of the circular flow of the U. S. economy.
Advantages of Medium: A simple but effective way to understand a difficult concept.
Lesson Objectives/Goals: The student will:
Assumed Skills or Prerequisite Skills:
Learning Environment: Standard classroom with a computer for the PowerPoint Presentation.
Using a systematic approach, the
student will determine the factors of sneaker production and
incorporate it into the Want-Satisfaction Chain.
Gaining Attention: Not applicable
Orienting the Lesson: Not applicable
Stimulating Recall of Prerequisites: Not applicable
Factors of Production
Practice: Students will practice their teamwork and organizational skills.
Invite a business executive to describe
and discuss the factors of production of their local business.