7th grade students are good about knowing the basics. When it comes to the economy, they're able to tell me that it deals with jobs, and the government, and money... But that's about it.
We're studying different types of economies right now. First we had to define what is meant by the economy.
We put this on the board:
After that, I added some more definitions. It's easy for teachers to throw the lesson out there to the students and say, "HAVE AT IT!" Sometimes though, the students don't get it. Even when we think they should. So, here's me breaking it down even further.
At any rate, we looked at the process:
If you want the extra credit for reading and discussing this blog with an adult, explain the cycles pictured above to them. Then tell them the difference between the types of economic systems - they're mentioned in the paragraph above this one. Finally, answer any other questions they have. When you're done discussing it, write two sentences from the discussion on a piece of paper and put it in the extra credit tray tomorrow. Please have the adult you discussed the blog with sign the paper as well.