1. Southwest Asia The Middle East
FSMS
7th Grade Social Studies; Unit 3
Production, Distribution & Consumption
Factors Affecting Economic Growth & Foreign Exchange
Georgia Standard SS7E7a.b

2. FIRST FIVE
Agenda Message: Final SWA Project Presentations are Tomorrow! Reminder that Choice Board Projects due December 14th.
Standard: Describe the factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Iran
Essential Question for Monday, 12/3/18: What is the definition for entrepreneurs and why are they important for economic growth?
Warm Up: What are the definitions for Human Capital, Capital &
Natural Resources?
Today We Will:
Review Factors that Encourage Economic Growth

3. ANSWERS
E.Q. Answers for Monday December 3, 2018: Entrepreneurs are creative, original thinkers who are willing to take risks to create new businesses and products. Entrepreneurs think of new ways to combine productive resources (natural resources, human capital, and capital) to produce goods and services that they expect to sell for a profit. Warm-Up: Human Capital – Education & training of workers Capital Goods – Factories, machines & technology that people use to make other products Natural Resources - The raw materials a country has that make life and production of goods possible. (Land, water, forests, rich soil, and minerals are types of natural resources.)

4. FIRST FIVE
Agenda Message: Final SWA Project Presentations are Today! Economics Vocabulary Quiz is Thursday. Choice Board Project due date is Dec. 14th.
Standard: SS7E6 The student will explain how voluntary trade benefits buyers and sellers in Southwest Asia and how specialization encourages trade between countries.
Essential Question for Tuesday; 12/4/18: Why do countries trade with one another?
Warm-Up: List the three Basic Economic Questions
TODAY WE WILL:
Start International Trade, Specialization, Trade Barriers

5. ANSWERS E.Q. Answers for Tuesday December 4, 2018:
No Country is completely self-sufficient (meaning it has all the products, goods and services that it needs), as a result, countries trade with one another for those items they do not or cannot produce themselves.
Warm-Up:
What goods and services will be produced
How will goods and services be produced, and
Who will consume the goods and services that are produced

6. FIRST FIVE
Agenda Message: After-school tutoring offered Today and Wednesday 4-5p. Deadline for late/missing assignments is Friday December 8th.
Standard: SS7E6 The student will explain how voluntary trade benefits buyers and sellers in Southwest Asia and how specialization encourages trade between countries.
Essential Question for Tuesday; 12/5/17: What are Trade Barriers?
Warm-Up: Why do countries trade with one another?
TODAY WE WILL:
International Trade, Specialization, Trade Barriers

7. ANSWERS
E.Q. Answers for Wednesday December 5, 2018: Trade Barriers are anything that slows down or stops trade between countries all together Warm-Up: No Country is completely self-sufficient (meaning it has all the products, goods and services that it needs), as a result, countries trade with one another for those items they do not or cannot produce themselves.

8. FIRST FIVE
Agenda Message: Economics Vocabulary Quiz is tomorrow, Friday. Choice Board Project is due Dec. 14th.
Standard: Explain why international trade requires a system for exchanging currencies between nations.
E.Q. Thursday; 12/6/18: Why does International Trade require a system for exchanging different currencies between nations?
Warm Up: Briefly explain why nations trade with one another.
TODAY WE WILL:
Foreign Exchange Rates/Exercise
Environmental Issues

9. ANSWERS
E.Q. Answers for Thursday December 6, 2018: Each country has their own currency or money. Different currencies have different values. In international trade, countries must have a system to exchange their currencies with those used by other countries around the world. This system ensures that no one gets cheated in making a trade. Warm-Up: No Country is completely self-sufficient (meaning it has all the products, goods and services that it needs), as a result, countries trade with one another for those items they do not or cannot produce themselves.

10. FIRST FIVE
Agenda Message: Economics Vocabulary Quiz is TODAY! Choice Board Project is due next Friday, Dec. 14th.
Standard: Explain why international trade requires a system for exchanging currencies between nations.
E.Q. Friday; 12/6/18: No E.Q. Today due to Vocabulary Quiz & shortened Holiday Assembly schedule.
Warm Up: No Warm-Up Today due to Vocabulary Quiz & shortened Holiday Assembly schedule.
TODAY WE WILL:
Vocabulary Quiz

11. ANSWERS
E.Q. Answers for Friday December 7, 2018: None Warm-Up: