If you are interested in stocks, following popular businesses, and investing...
Talk to Mrs. Hancock or your math teacher about participating in the Stock Market Game as an enrichment activity. You will have the opportunity to compete against other students to make the most profit in the Stock Market. Be warned: it is trickier than you think. CLICK TO LEARN MORE.
Here is the STUDY GUIDE for the test.
7th Grade Social Studies
Students will simulate supply and demand by participating in an activity where there are limited resources to complete a task. The students will have “econo-bucks” they can use to purchase the limited resources, but will realize they have to be careful about their choices. [Standards: Economics 3.1 (f), Economics 3.1(a), Economics 3.1(b), and Economics 3.1(c)]
Scoring Guide: Task 1
Lemonade Stand Activity <- Click here
More notes on Supply and Demand
Students used worksheets and informational handouts from the IRS website to learn about taxes. We focused on how taxes are generated, and what they are used for at the local, state and national level. The handouts are included before with the answers for review:
Informational Sheet 1
Informational Sheet 2
Taxes Worksheet ANSWER KEY
Taxes Quiz ANSWER KEY
Students will study data, and use an interactive map to identify the exports that various places throughout the world have. Students will see how the supply and demand of natural resources and products affects international trade, and human-environment interaction. Students can create a map themselves showing trade patterns.
Blank World Map
Coming and Going: Imports and Exports Lesson - there is a link to the glossary/key terms for this lesson and the interactive map, so you can re-apply your knowledge about imports and exports
U.S. Census Bureau - check out which countries the U.S. trades with, and what is being imported or exported
Students will simulate a market economy. Students will be assigned real jobs that can be linked to responsibilities in the classroom. Students will be “paid” based on the average salary for their job, and the student will have to budget, and plan for taxes. Students will get raises and pay cuts based on their life skills (homework, guided practice, exit tickets, participation, work ethic) and academic performance (formative assessments). This simulation can be 4 days or be developed into a semester or yearlong simulation. [Standards: Economics 3.2 (h) and Economics 3.2(e)]
Scoring Guide: Task 4
Bill Cosby on College and Economics
This 1984 episode shows why college was important then and why it's important now. Also, I have friends who live in New York City, and I can tell you an apartment there today does NOT cost $400... it is closer to $1000 today. Yikes!
Remember key terms by singing them to Michael Jackson's "Thriller"
A great effort by students... memorize this, and you'll know a ton about econ!
Now that students understand supply and demand on a micro-level and a global level, students will start to see how services are also supplied and demanded, in particular college. Students will explore the costs and benefits of going to college in a three-part game that helps them understand the decisions associated with college, and the opportunities that are available to college graduates. This lesson will also help students start to understand the options for covering the cost of college, and understand that by setting the long-term goal of going to college early they can create a responsible financial plan.
Resources for planning for college