Economics

== = ECONOMICS = The study of the manufacture,distribution, sale, and use of goods and services.  Essential Questions for this unit: Why can't we have everything we want? How can we meet our unlimited wants with our limited resources? Economics will be a major focus for us in 6th Grade Social Studies. Much of what we learn in this early unit will be discussed and applied to all of our early civilizations that we study this school year. Ancient civilizations we will study include Mesopotamia (Modern day Iraq and Middle East region), Egypt, India, and China.

Economics Concept Check The concept check contains all of the vocabulary student will need to know by the end of the economics unit.
 * [|Economics Concept Check]**

**Economics Concept Check**

_____ Financial Literacy_____ _____Producer _____ _____Consumer_____ _____Economic Decision_____ _____Export_____ ______Import_____ _____Specialization_____ _____Opportunity Cost_____ _____Scarcity_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____International Trade_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">______Global Trade______ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Exchange_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Interdependence_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Production_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">______Consumption_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Markets_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Supply_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Demand_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">______data sets_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Market Clearing Price_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Competition_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Price_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Quality_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">______Goods_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Services_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Productive Resources_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Natural Resources_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Capital Resources_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Human Resources_____ <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">_____Entrepreneurship_____

Below is our Economics Assessment Tracker This assessment tracker contains all of the Content Standards (which we write as "I Can" statements) that students will need to be able to know or do by the end of this unit.

===<span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;"> Economics Assessment Tracker - I CAN STATEMENTS ===


 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">I CAN... || <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Assessment Name  || <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Score  || <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Intervention Needed?  || <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">New Score  ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Compare economic data sets to identify relationships and draw conclusions. (CS-11) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Predict the present and future consequences of an economic decision. (CS-12) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain how individuals and societies may evaluate an economic choice differently. (CS-12) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain the factors that lead to a country specializing in one industry or product. (CS-13) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain how a group of people decide what to produce, how to produce and for whom to produce. (CS-13) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain how specialization in one area leads to global trade. (CS-14) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Identify why two countries depend on each for global trade. (CS-14) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain how to determine the market clearing price of a good or a service. (CS-15) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain how the interaction of supply, demand, and competition may affect the price of a good or a service. (CS-15) ||   ||   ||   ||   ||
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">Explain the factors (such as price and quality) that people use to select what goods and services to buy. (CS-16) ||   ||   ||   ||   ||