Summary of Ga. Council on Economic Education Seminar February 22nd, 2011

Presented by Dr. Glen Blankenship

How will the 2010-2011 CRCT be different for Social Studies???

For 6th graders:

History - 29%

Geography- 31%

Government- 15%

Economics- 25%

For 7th graders:

History- 20%

Geography – 35%

Government- 20%

Economics- 25%

GA Schools have been told to teach Social Studies this way:

Kindergarten- symbols 1st grade- American Heroes 2nd grade- Your GA

3rd grade- US Democratic Heritage 4th grade- US History to 1860

5th grade- US History 1860 to present

6th grade- Modern World (Latin America, Canada, Europe, Oceania)

7th grade- Modern World (Middle East, Asia, Africa)

8th grade- Georgia History

US History American Government World History Economics

6th and 7th grade SS is the only time students get world history or economics before HS

Latin America Geography Civics/Gov't. Economics Europe Geography Civics/Gov't. Economics

Bolivia x Belgium xBrazil x x x France xColombia x Germany x x xCuba x x x Italy xHaiti x Poland xMexico x x x Russia x x xPanama x Spain xVenezuela x Ukraine x

United Kingdom x x x

Oceania Geography Civics/Gov't. Economics

Australia x x x

Canada Geography Civics/Gov't. Economics

Canada x x x

6th grade countries to focus on.

Middle East Geography Civics/Gov't. Economics Asia Geography Civics/Gov't. Economics

Afghanistan x China x x xIran x x India x x xIraq x Indonesia xIsrael x x x Japan x x xSaudi Arabia x x x North Korea x x xTurkey x x South Korea x

Vietnam x

Africa Geography Civics/Gov't. Economics

Dem. Rep. of Congo xEgypt xKenya x xNigeria x xSouth Africa x x xSudan x x

According to

Dr. Blankenship…

..

These are the countries 7th graders should focus on.

There are only 3 Economic Topics to know in 6th and 7th grades !!!

Economic Systems

Traditional

Command

Market (free market)

Trade

What is it?

Why have it?

What restrictions are there on it?

How has trade affected our world?

How does it affect us now?

Economic Growth

How do we measure it? (GDP) What slows it down? (environ. Issues, war, etc…)

How do you promote economic growth? (human capital and capital goods/tools)

There are major Economics vocabulary words and terms that 6th and 7th graders should know.

Capital Resource Natural Resource Currency Exchange Rate

Command Economy Traditional Economy Market Economy Quota

Human Resource Tariff Embargo Trade Specialization

Gross Domestic Product Opportunity Cost Scarcity

Globalization Export Import Interdependence Supply/Demand

Barriers Income Per Capita Productivity Market

Surplus Deficit Trade Balance Entrepreneurship

WHAT IS ECONOMICS??? “Because, apparently, you have to know a lot about

it.”

ECONOMICS (teacher talk)

– making decisions about allocating limited resources in order to acquire our unlimited wants

ECONOMICS (student talk)

– There’s only so much stuff out there. Deciding who gets what, when, where, how and how much is what economics is all about.

When there is not very much of

something, that’s called Scarcity.

Globalization???

Globalization refers to increases in how different national economies (from different countries) work together. Used to describe all of the ways national economies are connected internationally

-Like the buying and selling of goods, services and ideas between different nations.

-How international travel has allowed for people and resources ,used to produce goods and services, to be moved faster and more efficiently between countries.

-How governments have worked to create policies to maximize (or slow down) international trade cooperation and the sharing of ideas between countries.

What does OPPORTUNITY COSTS mean?

When you choose to do something, you give up doing something else.

Most of us have a scarcity of time, money or resources. Yet, we choose to do things everyday.

OPPORTUNITY COSTS are the next best alternative that’s available, when you make a decision.

In student talk, its your 2nd choice.

Your time is limited. You chose to use it, by improving your education (that’s human capital, by the way). You came to school today.

“We’re going to

Social Studies!!!”

Or, you could have stayed home and eaten ice cream.

You didn’t though…..that’s your opportunity costs