Economics th 8 Grade Spencer Williams Teacher Spencer

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Economics th 8 Grade Spencer Williams

Economics th 8 Grade Spencer Williams

 • Teacher: Spencer Williams • Email: smw 749@email. arizona. edu • Office Hour:

• Teacher: Spencer Williams • Email: smw 749@email. arizona. edu • Office Hour: By appointment

Standards • • From the Arizona Department of Education website (http: //www. azed. gov/standards-practices/academic-standards/social-studies/)

Standards • • From the Arizona Department of Education website (http: //www. azed. gov/standards-practices/academic-standards/social-studies/) Strand 5: Economics Concept 1: Foundations of Economics • PO 2. Analyze how scarcity, opportunity costs, and trade off influence decision making. • PO 5. Describe the impacts of distribution and availability of natural resources on an economy. Concept 2: Micro Economics • PO 2. Explain the impacts on governmental investment in human capital

Context • Context - • Students have a basic understanding of the relationship between

Context • Context - • Students have a basic understanding of the relationship between economics and an individual or organization. Students are able to provide examples of how the economy can affect the decision making of an individual or organization. Students are able to define and provide examples of investments in human capital within our own economy.

Economics and Human Capital • In this class students will demonstrate their understanding of

Economics and Human Capital • In this class students will demonstrate their understanding of basic economic concepts including: resource distribution, resource cost, scarcity, and opportunity costs. Students will then provide an example of how investments in human capital can improve or damage the condition of an individual or organization.

Concept 3 2 1 0 __/15 Resource Distribution Clear understanding Unclear or muddy of

Concept 3 2 1 0 __/15 Resource Distribution Clear understanding Unclear or muddy of concept as well as relation of concept to it's relation to story actor Incorrect understanding or application of concept No mention of concept Resource Cost Clear understanding Unclear or muddy of concept as well as relation of concept to it's relation to story actor Incorrect understanding or application of concept No mention of concept Scarcity Clear understanding Unclear or muddy of concept as well as relation of concept to it's relation to story actor Incorrect understanding or application of concept No mention of concept Opportunity Cost Clear understanding Unclear or muddy of concept as well as relation of concept to it's relation to story actor Incorrect understanding or application of concept No mention of concept Human Capital Clear understanding Unclear or muddy of concept as well as relation of concept to it's relation to story actor Incorrect understanding or application of concept No mention of concept Grading for class

5 4 3 2 __/10 Story covers all of class concepts and relates them

5 4 3 2 __/10 Story covers all of class concepts and relates them to example actor with clear understanding of relationships and concept influence over actor Story covers most of class concepts with a fair understanding of relationships and concept influence. Story covers a few class concepts with a poor demonstration of concept understanding and relation to story actor Presentation and visual aid both demonstrate a clear understanding of both class concepts as well as their relationship to the example story actor. Presentation and Presentation lacks visual aid understanding or demonstrate mentioning of understanding of concepts. Visual aid concepts, but their does not accurately relationship to the represent concept of example story actor is Human capital poorly represented. Students neglects to mention 3 or more class concepts and/or neglects to explain their relationship to story actor. Presentation lacks visual aid and does not demonstrate understanding of class concepts Grading for Class (cont)