cardio # 6 1.according to the map on your text book page 37, around what physical feature is...
TRANSCRIPT
![Page 1: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/1.jpg)
CARDIO # 61. According to the map on your
TEXT BOOK page 37, around what physical feature is Egypt's population the densest?
2. Why do you think more people live there?
![Page 2: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/2.jpg)
• Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods.
• Economics explains how people interact within markets to get what they want.
• Most people in our society buy and sell good and services every day.
What is economic?
Lesson 2: Exploring economics
![Page 3: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/3.jpg)
Resources and Production
In order to make goods and offer service, people need resources.
There are four kids of resources:1. Land2. Labor (employees)3. Capital (money)4. Entrepreneurship (business)
![Page 4: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/4.jpg)
Supply and demand
Supply: is the amount of a good or service that a producer want to sell.
Demand: is the amount of something that a consumer wants to buy.
![Page 5: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/5.jpg)
Supply and demand
Scarcity: or lack of resources. I make the price go up.
Opportunity of cost: is what you give up to make it or buy it
![Page 6: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/6.jpg)
1. How will the people who make goods and who buy the goods react if the price goes down?
Progress check
![Page 7: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/7.jpg)
1. Traditional Economy: it is based on custom. Members of the family make goods for the rest of the group.
2. Command Economy: the government will decide what goods will be made and who will receive it.
Managing and Measuring Economies
What are the types of economic system?
![Page 8: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/8.jpg)
3. Market Economy: each person makes choices about what to make, sell and buy.
4. Mixed Economy: the get is government have some control over what and how much is made. People make the other choices.
Managing and Measuring Economies
![Page 9: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/9.jpg)
Recession: when the economy grows very slow.
Boom: the economy grows quickly
Inflation: when prices are rising, that is a sign of inflation.
Measuring Economy
Economy grow and shrink over time. That is called the business Cycle.
![Page 10: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/10.jpg)
1. In which type of economy system are all decisions made by a central government?
2. What is our economy system?
Progress check
![Page 11: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/11.jpg)
Why do people trade?
Two countries trade with each other when both sides can gain something from the exchange.
Export: are good shipped out of a country and sold somewhere else.
Import: are goods that a country buys from other countries.
Barter: when goods are trade for other goods.
Trading in World History
![Page 12: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/12.jpg)
1.Geography 2.Conflicts 3.Protection 4.High taxes
Barriers to Trade
Globalization: it is a form of international trade.
![Page 13: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/13.jpg)
1. What are the advantages and disadvantages of trade?
Progress check
![Page 14: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/14.jpg)
1. WORKBOOK PAGE 19-23
2. Guided reading (hand out)
In a separate piece of paperQuestions 9-14
Class Work
![Page 15: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/15.jpg)
1. Graphic organizer (type of economies foldable
2. Work book page 19-23
Class Work
![Page 16: CARDIO # 6 1.According to the map on your TEXT BOOK page 37, around what physical feature is Egypt's population the densest? 2.Why do you think more people](https://reader036.vdocuments.mx/reader036/viewer/2022062718/56649e745503460f94b75619/html5/thumbnails/16.jpg)
1. Find a country that has problems trading. Why? With whom? At least 3 paragraphs long (hand writing)
Home Learning