Economics

    Our class is beginning the study of Economics.  Students will be learning about the economy and the effects that we have on the economy, as well as how the economy effects us.  At the end of this unit, using the information that they learned during the unit, students will produce a good or a service, to create a successful business.  

    Students will need to know the following vocabulary words.  Click on the following words to see their meanings.

Scarcity           Surplus        Opportunity Cost          Good        

  Service         Interdependence          Resources

    By the end of this unit, students should be able to answer the following questions.

1.    What is scarcity?  Give an example of when you may have had a scarcity.

2.    What is surplus?    Give an example of when you may have had a surplus.

3.    What is Opportunity Cost?  Give an example of Opportunity Cost.

4.    Give an example of a Good and a Service.

5.    Describe Interdependence.

6.    What are the three types of Resources?  Click here to find out.  Be able to give an example of each type.      

    Introduction to Economics.  Click here to play The Perfect Pet, an  Economics Activity.

Click here to play the Economics Jeopardy Game.

Economic Jeopardy

    Check out the following links to learn more about Economics and   answers to the above question: