Recognize that communism, capitalism, and socialism are three economic systems • Compare communism, capitalism, and socialism by completing a graphic organizer • 58 158–60 132–34 87–88 V47 Identify activities as being common in a communist, capitalist, or socialist economy • Describe how monopolies can be harmful to the consumer • Recognize that the resources are used by people to meet their needs • earth’s 59 161–63 135–37 89–90 Q12 Identify economic and resource terms by completing a puzzle • Recall concepts and terms by using the Study Guide • Describe the use of money as America grew • Recognize that people work to provide money for goods and services • IA43–IA44 Explain the basic process of minting coins • 60 164–68 138–42 91 V48 Identify the Federal Reserve System as the main banking system in the United States • Describe the conditions leading to inflation • Learning How: Planning a Budget IA45 Compare prices to see the advantages of business competition • 61 169–70 143–44 92–93 R2–R5 Recognize that people everywhere have needs and wants • V49 Identify a budget as a plan for spending money • Design a budget based on an income of ten dollars per week • Recognize that the student as a consumer affects the economy • G28–G37 Demonstrate an understanding of economic principles by • playing “The Economy Game” 62 171–72 145–46 94–95 IA46 Recall concepts and terms by using the Study Guide • R2–R5 Chapter Review 63 173 127–46 90, 95–96 Recall concepts and terms from Chapter 7 • Test Day 64 173 Demonstrate knowledge of concepts from Chapter 7 by taking the test • Cross-curricular Lesson Skills Vocabulary Bible Connections Links & Activities Complete a graphic organizer economy Activity • Examine a chart consumer Economics Link • manufacturer 57 demand supply profit law of supply and demand Compare and contrast three economies using a capitalist economy History Link • chart communist economy 58 Differentiate between a capitalist and a • socialist economy communist economy Evaluate colonial economics • Complete a crossword puzzle competition • monopoly 59 resources standard of living Read a chart to gain an understanding of the bankrupt Economics Link Dependability • economic pattern in the United States bartering employer 60 minting circulation inflation Formulate a budget needs Christian values • Critique a World War I economics poster wants Contentment • 61 Sequence a given event on a timeline budget responsibility for his actions • Man’s
58 158–60 132–34 87–88 V47 • Recognize that communism, capitalism, and socialism are three economic systems • Compare communism, capitalism, and socialism by completing a graphic organizer • Identify activities as being common in a communist, capitalist, or socialist economy 59 161–63 135–37 89–90 Q12 • Describe how monopolies can be harmful to the consumer • Recognize that the earth’s resources are used by people to meet their needs • Identify economic and resource terms by completing a puzzle • Recall concepts and terms by using the Study Guide 60 164–68 138–42 91 IA43–IA44 V48 • Describe the use of money as America grew • Recognize that people work to provide money for goods and services • Explain the basic process of minting coins • Identify the Federal Reserve System as the main banking system in the United States • Describe the conditions leading to inflation 61 169–70 143–44 92–93 IA45 R2–R5 V49 Learning How: Planning a Budget • Compare prices to see the advantages of business competition • Recognize that people everywhere have needs and wants • Identify a budget as a plan for spending money • Design a budget based on an income of ten dollars per week 62 171–72 145–46 94–95 G28–G37 IA46 R2–R5 • Recognize that the student as a consumer affects the economy • Demonstrate an understanding of economic principles by playing “The Economy Game” • Recall concepts and terms by using the Study Guide 63 173 127–46 90, 95–96 Chapter Review • Recall concepts and terms from Chapter 7 64 173 Test Day • Demonstrate knowledge of concepts from Chapter 7 by taking the test Lesson Skills Vocabulary Cross-curricular Links & Activities Bible Connections 57 • Complete a graphic organizer • Examine a chart economy consumer manufacturer demand supply profit law of supply and demand Activity Economics Link 58 • Compare and contrast three economies using a chart • Differentiate between a capitalist and a communist economy • Evaluate colonial economics capitalist economy communist economy socialist economy History Link 59 • Complete a crossword puzzle competition monopoly resources standard of living 60 • Read a chart to gain an understanding of the economic pattern in the United States bankrupt bartering employer minting circulation inflation Economics Link Dependability 61 • Formulate a budget • Critique a World War I economics poster • Sequence a given event on a timeline needs wants budget Christian values Contentment Man’s responsibility for his actions