| ACTIVITIES |
KEY LEARNING OBJECTIVES |
One:What are Resources?
- The students use their prior knowledge to
distinguish natural, human, and capital resources.
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- Identify things of value as resources
- Classify natural, human, and capital resources
- Discover that resources are found in regions
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Two:Exploring Resources
- The students discover that resources are found
within regions of the United States. They identify
resources businesses use to make their products.
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- Analyze resources found in different regions
- Generate a list of resources
- Recognize that businesses combine the three types of resources when making products
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Three:Regional Resources
- The students discover how resources come to
businesses from different regions. They distinguish
between the goods and services businesses produce, and
they research and organize resources needed to create a
product.
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- Recognize instances of economic interdependence within a region
- Define goods and services
- Identify resources involved in producing a good or service
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Four:Business Decisions
- The students identify how resources relate to
business income and expenses. They calculate a business
profit or loss, reallocating resources when presented
with a business challenge.
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- Define income and expenses
- Demonstrate how a business tracks income and expenses
- Solve a simple business problem
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Five:Youre in Charge
- The students play a game that illustrates the
flow of money through a business. They learn about
business income and expenses and the role of profits to
the success of a business.
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- Identify a variety of business income and expense items
- Recognize the importance of profits to businesses
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CONCEPTS
business capital resources decisions economic incentives economy goods & services human resources income & expenses income distribution interdependence natural resources products & productivity profit region taxes |
SKILLS
comparing compiling & interpreting data critical listening identifying resources following directions giving reports locating & organizing resources map reading mathematical computation problem solving research teamwork understanding symbols |