Circle: Would you be willing to pay way more for everything you but
Vocabulary Words:
capitalism
socialism
communism
economy
opportunity cost
choicecapitalism
socialism
communism
economy
opportunity cost
supply and demand
societal value of the profit motive
surplus value of labor
competition
globalization
Independent Reading
Unit: Economics -- Globalization Map
Learning target: I can explain the role globalization plays in our capitalist economy. Mainly where all my wants and needs come from.
1) At you table you will each search through you belongings to find out where the good was made. This should include clothing, food, electronics, backpacks or anything else that has a label.
2) With your group you will then be marking on a world where each of these products are made in a Google map that one of you will make on your own.
3) Each item will have its own "pin" on the map. Label each pin with the name of the owner and the item.
4) After creating your map prepare a brief presentation about what and where things are produced at your table. You should also try and note if there are any patterns you notice like are certain types of products made in one region of the world over another.
5) Use red for clothing, green for durable goods, and blue for electronics.
6) Explain how this activity helps explain the role globalization plays in your life.
7) For the future...What is good and bad about globalization?
Unit: Economics -- Globalization Map
Learning target: I can explain the role globalization plays in our capitalist economy. Mainly where all my wants and needs come from.
1) Look up your stocks
2) Identify one large company you own.
3) Look up the global locations of your company and place them on a new layer on your map.
Globalization: Planet Money Makes a T-Shirt
Target: After viewing this video, you will be able to explain how globalization connects the people of the world.
Watch: Planet Money Makes a T-Shirt
1) At your table predict all the steps it takes to make a T-Shirt.
1) As you watch, take notes on important points.
2) When completed identify two most important points.
3) Share with group.
4) Group identifies two most important points of the group.
5) Share
Target: After viewing this video, you will be able to explain how globalization connects the people of the world.
Watch: Planet Money Makes a T-Shirt
1) At your table predict all the steps it takes to make a T-Shirt.
1) As you watch, take notes on important points.
2) When completed identify two most important points.
3) Share with group.
4) Group identifies two most important points of the group.
5) Share
6) Place all the locations mentioned in the video on a new layer on your map.
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