Economics: Foundational Economics | Vocabulary Activity | Microeconomics

This download contains everything your students need to be introduced to and learn 15 basic economics terms. Perfect for a beginning Econ Unit (Unit 1). Everything you need to facilitate this lesson is included (i.e. power-point, student worksheets and teacher directions)

 Vocabulary Words:

Economics, want, need, goods, services, scarcity, shortage, human capital, entrepreneur, factors of production, trade-offs, guns or butter, opportunity costs and Thinking at the Margin

 In this activity, students will:

1) Be introduced to Essential Economic Vocabulary for a beginning unit in Economics by reading sentences that contain the new terms/vocabulary in power-point format. Teacher will project the power-point slides for students as they complete the first column in their vocabulary chart. (Included)

2) Students will use context clues in the sentences to develop a rough definition for each vocabulary word. (In pairs or independently)

3) Students will then verify each definition using their textbook glossary/dictionary.

4) Lastly, students will make their own connection to each vocabulary word by developing their own sentence, giving an example or drawing a symbol (simple illustration of the term).

 **Includes a Traditional and Google version for your use!

You may also like my: Economics 5 Activity Bundle! Check it out! 

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