What the heck is Economics? How can JA Finance Park help you?

UEQ and LEQUEQ: How can JA Finance Park teach you

about economics and how to use financial institutions to your benefit?

LEQ: How do you describe economics and a financial institution? How can a financial institution help you in everyday life?

Warm UpTwo Part Warm Up

Part 1: Read over “Civics in the Real World” on page 349, once finished answer the Citizen’s Journal Question at the bottom of the page.

Part 2: Just like the story, has there ever been a situation in your life where you had to make a choice, like Josh in the story had to? Explain your situation.

Discussion of Warm Up

VocabularyEconomicsJA Finance ParkFinancial InstitutionBankCredit Union

What is Economics?Before giving you the definitions I want you

to come up with your own definition for the word above. You have heard this word before and you see this word being used everyday and you have used this word.

Here are a helpful tips (McDonalds/Money)

EconomicsEconomics- the study of buying/selling, making

products, money, businesses, and much more.Example: You use economics nearly everyday of

your life, you study prices and items and choose the best and usually cheapest one to buy.

The world around you!Economics is everywhere. However, economics can be broken down

into smaller easier pieces.Easier Pieces:

Wants and Needs Resources (Land, Money, Labor)Production and ConsumptionChoice and Scarcity

People Want EVERYTHING!!!!Everyone wants something. There is never

something that a person does not want. However, you can’t get everything.

Basic Wants: (Things you need to live)Food, Clothing, and ShelterHuman beings are not satisfied with these.Humans want more: entertainment, education,

healthcare.Think of it this way: HUMANS = UNLIMITED

WANTS Messin With Sasquatch

Breakdown of WantsWants are not the same everywhere,

everyplace, or even with every person. Inspiration Handout

What are the six things that cause people to have different wants?

Even if everyone was the same (looked, talked, walked, and acted the same) and everyone lived in the same country, do you think people would still have different wants? Why or Why Not?

Log on to Internet: type in JA Finance Park and click on site. Read over JA Finance Park introduction and explanation? What is JA Finance Park in your own words???How do you think it can help you in life???

How long will it take, look at the course calendar.

Finance Park Video

Exit Question

Personal Opinion: How do you think learning about JA Finance Park and what it has to offer can impact your life in the future? What affects can this program have on your life?