Economics

The test grades were sent out.  Shazaam!  (They were a little late... I had some issues with technology.)

I'm impressed by the report though.  If you didn't sign up to have your grades emailed to you, you should next time: tre cool.

We're in to economics now.  This is the definition I gave the kids:

After that, we simplified the definition.  (I also added services in after goods...)

So, we could say, "the economy deals with the production, distribution, and consumption of goods and services."

Or, we could say, "the economy deals with the making, selling, and buying of stuff."  

I prefer the former, but for 7th graders the latter is easier to understand.

We discussed the difference between a good (or healthy) economy and a bad (unhealthy) economy:

And of course, we discussed Black Friday just a little bit.

I'm not a big fan of rampant consumerism.  I'm worried it's destroying our country.

But, of course, I'm glad people buy things.  If they didn't, where would we be?  It's because people buy that allows us to have jobs and a higher standard of living.  The problem comes in when "stuff" becomes more important than people.

To get the extra credit today, you should read and discuss the blog with an adult.  On a sheet of scrap paper, write a paragraph about your discussion.  Write your thoughts about the paragraph from above.  Do you agree?  Do you disagree?  Why?  What should we do about it?

Some classes also watched some videos about this topic.  Watch if you want to, but you don't have to for the blog credit if that's what you're here for: