3rd Block-ESOL Economics
ESOL Standard 1 "English Learners communicate for Social and Instructional purposes within the school setting." ESOL Standard 5 "English learners communicate information, ideas,and concepts necessary for academic success in the content area of Social Studies. Language Learning Domains: Listening(L), Speaking(S), Reading(R) & Writing(W) SS SSEF1 Explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments. a. Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. b. Define and give examples of productive resources (i.e. factors of production): natural resources (i.e. land), human resources (i.e. labor and human capital), physical capital and entrepreneurship. c. Explain the motivations that influence entrepreneurs to take risks (e.g., profit, job creation, innovation, and improving society). d. Define opportunity cost as the next best alternative given up when individuals, businesses, and governments confront scarcity by making choices. SSEF2 Give examples of how rational decision making entails comparing the marginal benefits and the marginal costs of an action. a. Define marginal cost and marginal benefit. b. Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs. c. Explain that people, businesses, and governments respond to positive and negative incentives in predictable ways. SSEF3 Explain how specialization and voluntary exchange influence buyers and sellers. a. Explain how and why individuals and businesses specialize, including division of labor. b. Explain that both parties gain as a result of voluntary, non-fraudulent exchange. SSEF4 Compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce, how to produce, and for whom to produce. a. Compare traditional, command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government regulation. b. Analyze how each type of system answers the three economic questions and meets the broad social and economic goals of freedom, security, equity, growth, efficiency, price stability, full employment, and sustainability. c. Compare and contrast strategies for allocating scarce resources, such as by price, majority rule, contests, force, sharing, lottery, authority, first-come-first-served, and personal characteristics. SSEF5 Describe the roles of government in the United States economy. a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures. b. Explain the effects on consumers and producers caused by government regulation and deregulation. SSEF6 Explain how productivity, economic growth, and future standards of living are influenced by investment in factories, machinery, new technology, and the health, education, and training of people. a. Define productivity as the relationship of inputs to outputs. b. Explain how investment in equipment and technology can lead to economic growth. c. Explain how investments in human capital (e.g., education, job training, and healthcare) can lead to a higher standard of living. d. Analyze, by means of a production possibilities curve: trade-offs, opportunity cost, growth, and efficiency. Monday- Language Objective: SWBAT explain the meaning of vocabulary words: Scarcity, opportunity costs, Shortages, Productive resources-C.E.L.L., Natural Resources, Land, Human resources, human capital, Physical Capital, Entrepreneurship. Content Objective: SWBAT explain the ideas associated with limited productive resources and unlimited wants Opening: "Good News," and Review Question Work Time: 1. Read and Discuss 1.1-1.2 2. Complete Comprehension Questions Closing: Summary Tuesday- Language Objective: SWBAT explain the meaning of vocabulary words: Profit Motive, Innovation, Improvement of Society, Job Provision, Opportunity Cost. Content Objective: SWBAT explain the ideas associated with limited productive resources and unlimited wants. Opening: "Good News," and Review Question Work Time: 1. Read and Discuss 1.3-1.4 2. Complete Comprehension Questions Closing: Summary Wednesday- Language Objective: SWBAT explain the meaning of vocabulary words: Traditional economy, command economy, market economy, mixed economy, Private Ownership, Profit, Consumer Sovereignty, Competition, Government Regulation, Social Economic Goals, Resource Allocation Content Objective: SWBAT compare and contrast the different types of economic systems. Opening: "Good News," and Review Question Work Time: 1. Read and Discuss 1.4-1.5 2. Complete Comprehension Questions Closing: Summary Thursday- Language Objective: SWBAT explain the meaning of vocabulary words: Productivity, Economic Growth, Future Standards of Living, Investment, Equipment, technology, Production Possibilities Curve. Content Objective: SWBAT explain the how investment in human and physical capital impacts economic growth. Opening: "Good News," and Review Question Work Time: 1. Read and Discuss 1.6 2. Review for the test. 3. Complete Comprehension Questions Closing: Summary Friday- Language Objective: SWBAT explain the meaning of all vocabulary words from Unit 1 Content Objective: SWBAT Answer questions concerning the fundmentals of Economics. Opening: "Good News," and Review Question Work Time: 1. Unit 1 Test 2. Begin Unit 2 Vocabulary Closing: Summary 4th Block- ESOL Reading, Writing and Newcomer I.E.L. ESOL Standard 1 "English Learners communicate for Social and Instructional purposes within the school setting." ESOL Standard 2: "English language learners communicate information, ideas and concepts necessary for academic success in the content area of Language Arts. Language Learning Domains: Listening(L), Speaking(S), Reading(R) & Writing(W) Monday Language Objective: SWBAT pronounce, recognize and utilize the words of "The Suburbs." Content Objective: SWBAT pronounce, recognize and identify the sounds of "The Suburbs" and talk about things and places in the suburbs with color. Opening: Alphabet/Sound Review Work Time: 1. Go to Media Center and work on Power UP Closing: Summary Tuesday Language Objective: SWBAT pronounce, recognize and utilize the words of "The Suburbs." Content Objective: SWBAT pronounce, recognize and identify the sounds of "The Suburbs" and talk about things and places in the suburbs with color. Opening: Alphabet/Sound Review Work Time: 1. Listen and Repeat Vocabulary (WG) (L/S/R). 2. Practice Vocabulary with Cards (SG) (L/S/R). 3. Content Reading/Reading Comprehension Phase 2-Listen and Repeat (WG) (L/R/S). Closing: Summary Wednesday Language Objective: SWBAT pronounce, recognize and utilize the words of "The Suburbs." Content Objective: SWBAT pronounce, recognize and identify the sounds of "The Suburbs" and talk about things and places in the suburbs with color. Opening: Alphabet/Sound Review Work Time: 1. Listen and Repeat Vocabulary (WG) (L/S/R). 2. Practice Vocabulary with Cards (SG) (L/S/R). 3. Content Reading/Reading Comprehension Phase 3-Read Chorally (WG) (L/R/S). Closing: Summary Thursday Language Objective: SWBAT pronounce, recognize and utilize the words of "The Suburbs." Content Objective: SWBAT pronounce, recognize and identify the sounds of "The Suburbs" and talk about things and places in the suburbs with color. Opening: Alphabet/Sound Review Work Time: 1. Listen and Repeat Vocabulary (WG) (L/S/R). 2. Practice Vocabulary with Cards (SG) (L/S/R). 3. Content Reading/Reading Comprehension Phase 4-Read w/partner (WG) (L/R/S). 4. Write Questions and Answers. Closing: Summary Friday Language Objective: SWBAT pronounce, recognize and utilize the words of "The Suburbs." Content Objective: SWBAT Opening: Alphabet/Sound Review Work Time: 1. Listen and Repeat Vocabulary (WG) (L/S/R). 2. Practice Vocabulary with Cards (SG) (L/S/R). 3. Test on Suburbs and Prepositions 4. Lexia Closing: Summary
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