Grades 6-8 Economics: Market Economics and International Trade:
How do we make the study of economics interesting and engaging for students? Easy! We show them how concepts such as scarcity, opportunity cost, international trade, and government regulation affect their daily lives!
In this fun and interactive unit study, designed to meet and exceed state and national standards, your children will explore elements of microeconomics and macroeconomics. After a Chapter One review of scarcity, choice, and opportunity cost, your children will focus on international trade, comparative economics, and market economies. With over 35 activities and 10 hands-on exercises, including literature-based economics lesson plans, your children will be fascinated from beginning to end. Each chapter includes a variety of activities, including lesson plans, videos, interactive websites, readings, worksheets, charts, games, and much more to make learning economics relevant and FUN!
This unit study is part of our economics core curriculum series for grades 6-8. The time needed to complete this unit study will vary for each child, but you should expect to spend approximately 40 hours.
Take a peek inside:
- The economic way of thinking
- Economics as a study of human choice and behavior
- Applying the economic way of thinking to literature
- Opportunity cost
- Opportunity cost of war
- Supply and demand
- Impact of technology on supply and demand
- Money and currency
- Foreign currency exchange
- The Euro
- International trade
- Comparative and Absolute advantage
- World Trade Organization
- Barriers to trade
- Gross Domestic Product
- Standard of Living
- Traditional, command, market and mixed economies
- Role of government in a market/mixed economy
- Taxes in a market/mixed economy
- Regulation in a market/mixed economy
- Monopolies in a market/mixed economy
- The US Federal Reserve System
- Stock exchanges in a market/mixed economy
- and much more!
All activities in this unit study are presented in an easy to follow format with active and updated web links. Click on the links and the best resources on the World Wide Web appear for your children. The links bring the world to your children by providing streaming videos, interactive web sites, educational games, audio files, and more. At Intellego Unit Studies, we believe in the varied learning styles and multiple intelligences of every child. That's why all of our unit studies include reading and writing activities, videos, art, music, comparisons, drawing and painting, discussions, hands-on activities, art projects, full-color high resolution graphics, printable activity pages, and more!