I am mainly posting this information for the TOMS students who missed our lesson, but this this will also be beneficial as revision for those who were in class today too.
Today we were introduced to the world of Economics.
Economics is the study of how people make and spend money by buying and selling goods and services.
We had a class discussion about a number of topics. These included:
We discussed what each of these terms meant as well as some examples of each. You can find a summary of our discussions here.
We then went through and read the introduction sheet of the handout. From there we trimmed up the boxes on the second sheet and glued them into our books in a way that created an interactive 'flipbook'. In other words, just like our Confirmation flipbooks, we glued these into our book so that we could flip up the tabs and read information beneath. We then wrote definitions and examples of each of the key terms.
You can find an electronic copy of the handout here. There will a paper version of these in your desks from today.
These few pictures below could also help in completing the activity.