Unit |
1: What is Economics | |
Title |
Production Possibilites and Circular Flow - 1 day | |
Objective |
Students will have an understanding of the production possibilities frontier and the circular flow model. | |
Resources |
Powerpoint on the PPC and Circular Flow Worksheet on Production Possibilities
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Activity |
Students will take notes from a PowerPoint lecture and participate in a discussion. Students will also be expected to post examples of the factor and product markets they participate in on the forum. There are two worksheets that will be due: one on the production possibilities curve and one on circular flow. | |
Evaluation |
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Bloom's Taxonomy |
Creating -- can the student create new product or point of view? ex: assemble, construct, create, design, develop, formulate, write Evaluating -- can the student justify a stand or decision? ex: appraise, argue, defend, judge, select, support, value, evaluate Analyzing -- can the student distinguish between the different parts? ex: appraise, compare, contrast, criticize, differentiate, discriminate, distinguish, examine, experiment, question, test >>>>Applying -- can the student use the information in a new way? ex: choose, demonstrate, dramatize, employ, illustrate, interpret, operate, schedule, sketch, solve, use, write Understanding -- can the student explain ideas or concepts? ex:classify, describe, discuss, explain, identify, locate, recognize, report, select, translate, paraphrase Remembering -- can the student recall or remember the information? ex: define, duplicate, list, memorize, recall, repeat, reproduce state |
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