Book Description

This teacher resource manual and student activities economics education unit provides students with the opportunity to use economic content and related skills as they learn about the U.S. economic system and its relationship to the world economy. The lessons link to economic content and other subject areas traditionally taught in grades 5, 6, and 7. Lessons are designed to help students form a classroom corporation that produces and market a news journal on trade relationships between the U.S. and selected countries in Europe, Asia, Africa, and Latin America. This teacher resource manual offers: (1) an overview of The International News Journal, Inc.; (2) 34 detailed and sequentially arranged lessons, including end-of-unit review and an essay exam; (3) glossary of economic terms; (4) sample articles and informational items for use with the media; and (5) a list of Joint Council affiliates. Economics concepts focused on in the lessons include: (1) scarcity; (2) opportunity cost and trade-offs; (3) productivity; (4) economic institutions and incentives; (5) exchange, money, and interdependence; (6) markets and prices; and (7) supply and demand. All support materials for the teacher resource manual are included in this text. The focus of the lessons in the student activity book include the following: (1) scarcity; (2) opportunity cost and trade-offs; (3) productivity; (4) economic institutions and incentives; (5) exchange, money, and interdependence; (6) markets and prices; and (7) supply and demand. (EH)