1. Poll
60 seconds
What is the study of how people use resources to meet their needs and wants?
- Economics
- History
- Geography
- Culture
2. Word cloud
120 seconds
What comes to mind when you think economics? Enter each word/phrase separately.
3. Slide
60 seconds
SS7E1 , SS7E2, SS7E3 Reviews Economic Systems, Economic Questions, Economic continuum, specialization, trade barriers, currency exchange, literacy rates, human capital, GDP, entrepreneurship News Compare & contrast economic systems in South Africa, Nigeria, and Kenya Explain how the distribution of natural resources affects the economic development of Africa.
Learning objectives:
4. Slide
60 seconds
Command Traditional Market Mixed
Economic Systems
5. Poll
20 seconds
All countries today have what kind of economic system?
- Market
- Command
- Traditional
- Mixed
6. Slide
60 seconds
Those products a country makes best and that are in demand on the world market; to focus or devote oneself to a particular area of study or occupation.
Specialization
7. Poll
20 seconds
What does specialization encourage?
- Trade
- Trade Barriers
- Human Capital
8. Slide
60 seconds
Tariffs Quotas Embargos
Trade Barriers
9. Poll
20 seconds
In 1987, the United Nations General Assembly passed a resolution that prohibited countries from buying oil from South African an effort to persuade the nation to end the racist policies of apartheid. This is an example of a(n)
- Tariff
- Quota
- Embargo
10. Drawings
270 seconds
Pick 1 of the other 2 trade barriers and draw it. Label the barrier at the top of your drawing
11. Slide
60 seconds
What is currency? Why do we have to have a system to exchange it?
Currency Exchange
12. Open question
180 seconds
Choose 1 of the economic systems, write the system name at the top. Now answer the 3 economic questions of what to produce, how to produce, and for whom for that system.
13. Slide
120 seconds
How is GDP affected by: Human Capital Literacy Rates Entrepreneurship
Key Concepts
14. Drawings
450 seconds
Brain break: Create a collage using magazine cutouts of people, animals, and objects that represent a theme of your choice. You must use at least 7 cutouts and arrange them in an interesting way. You may also add paint, markers, or other found materials to your collage. Write your theme at the top of your collage!
15. Slide
60 seconds
All our focal countries have a mixed economy. Their economic freedom scores are: South Africa - 55.7 Kenya -52.5 Nigeria - 53.9
Focal Countries
16. Slide
60 seconds
South Africa: diamonds & gold Nigeria: Oil Kenya: Tourism
Specialization & Focal Countries
17. Drawings
180 seconds
Using those numbers, draw the 3 countries on the economic continuum.
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