DECA Prep Mini Unit - Economics

DECA Prep Mini Unit
Units 2 & 3
Instructional Area: Economics

Textbook Reference: Pages 48-147

Key Terms: economy, resources, factors of production, infrastructure, entrepreneurship, scarcity, traditional economy, market economy, command economy, capital, GDP, GNP, inflation, business cycle, expansion, recession, depression, recovery, import, export, balance of trade, trade barrier, competition, price competition, non-price competition, monopoly, nonprofit, business risk, profit, supply, demand

Key Concepts: concept of scarcity, factors of production, characteristics of a free enterprise system, distinguish between price and non-price competition, explain the theory of supply and demand

Assessment Activity:
Complete the Review Facts & Ideas questions 21-25 on page 69, questions 11-16 on page 119 and questions 16 & 20 on page 143.

Extension Activity (optional; can be submitted for extra credit):

All found at http://www.glencoe.com/

Chapter 3 E-Flash Cards
Interactive Tutor: Concentration Game
Practice Quiz

Chapter 4 E-Flash Cards
Interactive Tutor: Crossword Puzzle
Practice Quiz

Chapter 5 E-Flash Cards
Interactive Tutor: Concentration Game
Practice Quiz

Chapter 6 E-Flash Cards
Interactive Tutor: Crossword Puzzle
Practice Quiz