The State Capitol Building in Baton Rouge, Louisiana

Economics: Hey, Al! What are we going to

learn today?

We will learn about 5 key economic terms all historians should know!

Review Economics Word of the Day:

Scarce/Scarcity

Shortness of supply; not enough

When resources are scarce,

prices increase or go up

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN RESOURCES ARE SCARCE?

Economics Word of the Day:

Shortage (like scarcity)

Shortness of supply; not enough

When there is a shortage of

resources, prices increase or go up

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN THERE IS A SHORTAGE?

Economics Word of the Day:

Surplus

Abundance of supply; more than

enough

When there is a Surplus of

resources, prices are lowered

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN THERE IS A SURPLUS OF GOODS?

Economics Word of the Day:

Opportunity Cost

What is given up when making a choice

Example: study for social studies

so you will get better grades

instead of watching TV.

Your opportunity cost or what you

lose is time watching tv

Economics Word of the Day:

Opportunity Cost

What is given up when making a choice

Example: you buy chocolate

instead of a lollipop. The opportunity cost, or what you lose, is the lollipop

Economics Word of the Day:

Opportunity CostExample: Spending time with a friend

instead of studying for a math test; the

opportunity cost, what you lose, is studying

for the test

CHALLENGE: WHAT IS AN EXAMPLE OF OPPORTUNITY COST?

What is given up when making a choice

Economics Word of the Day:

Price Competition

Producers fighting for consumers’

money

When producers compete for

consumers’ money (price competition)

they lower the prices of goods to beat their

producer competitor’s price

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN DURING PRICE COMPETITION?

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Let’s Play Do You Know Your Economic Terms

To get better grades in spelling you probably have to (think opportunity cost)

a. Spend less time playingb. Spend less time studyingc. Spend more time listening to musicd. Spend more time watching television

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Let’s Play Do You Know Your Economic Terms

Lil Red is at the grocery store trying to decide which bag of cookies to buy. Which factor is

most useful in helping her decide? (think shopping around)

a. The color of each bagb. The price of each bagc. The brand of cookies d. The flavor of the cookies in each bag

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Let’s Play Do You Know Your Economic Terms

Ms. Padaya is at Walmart trying to decide which type of candy to buy the class of 2028.

Which factor is least useful in helping her decide? (think shopping around)

a. The color of each bag of candyb. The price of each bag of candyc. The brand of each bag of candyd. The flavor of each brand of candy

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Let’s Play Do You Know Your Economic Terms

If the demand for a good is high, the price will

a. decreaseb. increasec. Stay the samed. What is a demand?

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Let’s Play Do You Know Your Economic Terms

If the demand for a good is low, the price will

a. decreaseb. increasec. Stay the samed. What is a demand?

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Let’s Play Do You Know Your Economic Terms

Bri is selling lemonade for $0.85 a glass. Skye is selling lemonade for $0.50 a glass. What will

most likely happen to the price of Bri’s lemonade? (Think price competition)

a. The cost of Bri’s lemonade will decreaseb. The cost of Bri’s lemonade will increasec. The cost of Bri’s lemonade will stay the

samed. Bri will stop selling lemonade and sell pizza

It’s time to….

Review: Louisiana’s History

We will review the first and second people who settled in LA and about the Louisiana Purchase of 1803!

Louisiana History Review

First things first, how do historians learn about history?

Historians Learn about History From Two Types of Sources:

Primary Sources (1st Person:) Written by people who lived during

that time.Examples of primary resources are

letters and newspaper articles from the time period.

Secondary Sources (2nd Person):Written after an event has happened.

Examples of secondary sources are encyclopedias, textbooks, and magazines

Challenge: How do historians learn about history?

History of the People of Louisiana

1st Native Americans/American Indians

2nd the French from FranceAcadians: French Catholics from Canada

3rd the Spanish from Spain 4th United States of America

The FIRST PEOPLE to inhabit LA:American Indians/Native Americans

How did they live: They were HUNTERS AND GATHERERS: PEOPLE WHO HUNTED, FISHED, AND ATE

PLANTS FROM THE LAND (We still do this today!)Challenge: Who were the first people to inhabit LA? How did they live?

The SECOND PEOPLE to Inhabit LA:French from France and the Acadians: French

speaking Catholics from Canada

In 1755, Acadians, French Speaking Catholics were forced

to leave Canada because the Canadians didn’t like them.

They settled (or moved to) LA.

In 1682 the French came from France and traveled to Louisiana.

Why? They wanted to build a

trading post because New Orleans sits on the Mississippi River

which flows into the Gulf

Challenge: Why was New Orleans built by the French?What were the French speaking Catholics called who came from Canada and settled in LA?

Review Economics: It’s All About the Benjamins, Baby!

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Consumers: Spending Our Money WiselyHOW DO PEOPLE SPEND THEIR MONEY?

WE BUY THINGS WE NEED AND WANT!

HOW SHOULD WE SPEND OUR MONEY?

BEFORE BUYING ANYTHING YOU NEED OR WANT SHOP AROUND AND FIND THE LOWEST PRICE TO SAVE MONEY!

CHALLENGE: WHAT SHOULD YOU DO BEFORE BUYING ANYTHING YOU NEED OR WANT?

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Consumers: How to Shop Around

YOU WORK HARD FOR YOUR MONEY, SO YOU BETTER SHOP AROUND!!

YOU WILL SAVE MONEY THAT WAY!

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Consumers: How to Shop Around*VISIT DIFFERENT STORES TO COMPARE PRICES (DIFFERENT PRODUCERS WILL HAVE DIFFERENT PRICES)

*LOOK ONLINE TO COMPARE PRICES (DIFFERENT PRODUCERS WILL HAVE DIFFERENT PRICES)

*FIND COUPONS TO HELP YOU SAVE MONEY ON AN ITEM AND GET IT CHEAPER!

*WAIT FOR A DECREASE IN PRICE (A SALE!)

SHOPPING AROUND ALLOWS YOU TO SAVE MONEY!

CHALLENGE: WHAT ARE SOME WAYS YOU CAN SAVE MONEY?

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Let’s Play How Can I Save Money!!

Mr. Smith needs a new carpet for his office. What should Mr. Smith do as a wise

consumer?

a. Run to any store and buy a new carpetb. Go to different stores to compare pricesc. Keep his old carpetd. Pilfer Mr. Ruch’s carpet and save money

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Let’s Play How Can I Save Money!!

a. There is a scarcity of phonesb. Shopping around can save her moneyc. It is hard buying a new phoned. People should always go to one store to

buy a phone

Ms. Funches needs a new phone. She goes to the Apple store and learns a new phone is

$100. Then, she goes to Verizon and learns a new phone is $75. Then she goes to AT&T and learns she can get a new phone for $50 with a

coupon.What did Ms. Funches learn while shopping for

a new phone?

Economics Word of the Day:

Supply and Demand: It affects everything we do and it’s a cycle

SUPPLY: The amount of a good or service

available DEMAND: the number

of people willing to pay the price a

producer is asking

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Supply and Demand

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Supply and Demand

How Supply and Demand Work: Low Demand

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN FEW CONSUMERS HAVE A DEMAND FOR IT?

WHEN FEW CONSUMERS HAVE A DEMAND FOR A GOOD, PRICES ARE LOWERED; THEY DECREASE

WHY? PRODUCERS LOWER PRICES TO GET RID OF THE GOOD

WHEN PRICES ARE LOWERED MORE PEOPLE BUY A GOOD OR SERVICE

WHY? IT IS CHEAP

How Supply and Demand Work:High Demand

CHALLENGE: WHAT HAPPENS TO THE COST OF GOODS WHEN MANY CONSUMERS DEMAND THEM?

WHEN MANY CONSUMERS HAVE A DEMAND FOR A GOOD, PRICES INCREASE OR GO UP

WHY? PRODUCERS SEE MANY PEOPLE DEMAND IT AND SO THEY WANT TO MAKE MONEY AND INCREASE THE PRICE

How Supply and Demand Work:Abundance (a lot of something)

CHALLENGE: WHAT WILL MOST LIKELY HAPPEN IF THERE IS AN ABUNDANCE OF A GOOD OR SERVICE?

IF THERE IS AN ABUNDANCE OF A GOOD OR SERVICE PRICES DECREASE BECAUSE THERE IS SO MUCH OF IT!

WHY? PRODUCERS WANT TO GET RID OF THE EXTRA GOOD AND SERVICE

How Supply and Demand Work:Competition

CHALLENGE: WHAT HAPPENS WHEN PRODUCERS COMPETE FOR CONSUMER’S MONEY?

ECONOMIC COMPETITION: WHEN PRODUCERS ARE TRYING TO WIN CONSUMERS

WHY?WHEN PRODUCERS SEE A DEMAND FOR A GOOD OR SERVICE, THEY BEGIN COMPETING FOR THE CONSUMER’S MONEY.

WHAT HAPPENS WHEN PRODUCERS COMPETE FOR CONSUMERS?THEY OPEN SHOPS THAT PROVIDE THE SAME GOOD OR SERVICE AT LOWER PRICES.

It’s Time to Show Me What You Know

Review: Civics

Civics: the study of government and how it runsWhy? Our government makes laws that tell us how to behave. If we break the law, there are consequences

There are 3 Branches of Government

Branch 1: Legislative Branch* Made up of Congress(House of Representatives & the Senate)* MAKES LAWS

Branch 2: Executive Branch*Made up of the President*CARRIES OUT LAWS*MAKES SURE PEOPLE OBEY THE LAWS

Branch 3: Judicial*Made up of 9 Supreme Court Judges*EXPLAINS AND DECIDES IF LAWS ARE FAIR*PUNISHES PEOPLE WHO BREAK THE LAW

How People in the Government are Chosen

They are ELECTED: *People in the government are elected by

U.S. citizens like us

*Citizens VOTE for who they want to be in the government

*Citizens VOTE during an ELECTION

People with the HIGHEST PERCENTAGE OF VOTES WINS

What Services the U.S. Government and State Governments Provide:

Role of the Government

Repair roads and highways for safe travel:Provide driver’s licenses

Provide schools for people to learn in: Provide resources for schools

How the Government pays for these things:By collecting TAXES from citizens, like us!

What are Rights, Laws, and Rules

Rights: a freedom that is

protected

Laws: something that tells you how to

behave and are enforced by government

Rule: tells you what is or is not allowed

Challenge: How are laws different from rules?

Laws are different from rules because the government makes laws, but people and groups can’t.

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Let’s Play A Law or Not a Law?

Do not spit.

Sing the national anthem everyday.

Speak in complete sentences.

Obey the speed limit.

Do not yell at others.

Sit in SPARK.

Hey, Ben, what are we going to learn today?

WE WILL REVIEW HOW TRANSPORTATION AND TECHNOLOGY HAVE CHANGED OVER TIME

Invention: something thought of in the mind and then created in real life Why:

to improve how people live

It All Starts With Scientific Inventions

How We Move from One Place to Another: A History of Transportation

BACK THEN around the 1800s:

NOW 2015: Walk Ride Horses Ride in Wagons

A History of Technology:Important Inventions

Challenge: Name one important invention and how it has helped us.

A History of Technology: The Internet

Challenge: How has the internet changed our lives?

*We are always socially connected to others: our families and friends are only an instagram

away from us

*We are connected to the world; we can find the news of what’s

happening everywhere

How has the internet changed

our lives?

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Consumers: Spending Our Money WiselyHOW DO PEOPLE SPEND THEIR MONEY?

WE BUY THINGS WE NEED AND WANT!

HOW SHOULD WE SPEND OUR MONEY?

BEFORE BUYING ANYTHING YOU NEED OR WANT SHOP AROUND AND FIND THE LOWEST PRICE TO SAVE MONEY!

CHALLENGE: WHAT SHOULD YOU DO BEFORE BUYING ANYTHING YOU NEED OR WANT?

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Consumers: How to Shop Around

YOU WORK HARD FOR YOUR MONEY, SO YOU BETTER SHOP AROUND!!

YOU WILL SAVE MONEY THAT WAY!

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Consumers: How to Shop Around*VISIT DIFFERENT STORES TO COMPARE PRICES (DIFFERENT PRODUCERS WILL HAVE DIFFERENT PRICES)

*LOOK ONLINE TO COMPARE PRICES (DIFFERENT PRODUCERS WILL HAVE DIFFERENT PRICES)

*FIND COUPONS TO HELP YOU SAVE MONEY ON AN ITEM AND GET IT CHEAPER!

*WAIT FOR A DECREASE IN PRICE (A SALE!)

SHOPPING AROUND ALLOWS YOU TO SAVE MONEY!

CHALLENGE: WHAT ARE SOME WAYS YOU CAN SAVE MONEY?

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Let’s Play How Can I Save Money!!

Mr. Kilgallon wants to buy a new couch. He saves each of his checks until he has enough money to buy one. Then, he goes a furniture shop. But, he can’t find a couch there that he

has enough money for. Then, he visits another furniture store.

How is Mr. Kilgallon being a wise consumer?

a. He decides to keep his old couchb. He’s going to different stores to compare

pricesc. He is saving money by not buying a new

couchd. He plans to pilfer Mr. Smith’s couch to save

money

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Let’s Play How Can I Save Money!!

a. He is no good at spending moneyb. He should never have went to Walmartc. People should wait for sales to get a lower

price on goodsd. There is a scarcity of laptops out there

Mr. Williams wants to buy a new laptop. He has $400 dollars to spend. He goes to Walmart

and sees a laptop for $550. Next, he goes to Best Buy and sees a laptop for $375. Then, he goes to the Apple Store and learns if he waits two weeks, a laptop will be on sale for $225. What did Mr. Williams learn while shopping

for a new laptop?

It’s Time to Show Me What You Know

Review:Using Maps to Identify and Get to

Various Locations

Using Cardinal Directions to find locations!

The compass rose has cardinal directions which tell you where to go

and how to get there!

Map of My Old Neighborhood

Challenge: In which direction will you travel from…to…?

Review: Louisiana’s Natural Resources

OIL, Louisiana’s BIGGEST Natural Resource

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Natural Resources

Natural resources are things that come from the earth

OIL!!

Oil is a HUGE natural resource in LA

This is a map of LA’s oil and gas

refineries

We drill holes in the earth’s surface to get

oil

Challenge: which activity is used to search for oil in Louisiana?

All About Louisiana Today!!

Welcome to Our State!

Important Natural Resources in LA

WHY are LA’s natural resources important?

2.) LA sells the extra natural resources to other states and countries to make money

1.) LA’s natural resources are important because they fulfill our needs and wants

Challenge: Why are LA’s natural resources important?

Important Part of LA’s Geography:The Port of New Orleans

WHY is this important to know? This helps the people of Louisiana to sell any extra

goods to other states and countries to make money

New Orleans is an important center of trade because it is located on a large river (the

Mississippi) near the sea (the Gulf).

Challenge: Why is New Orleans an important center of trade? Why is this important to know?

Louisiana’s Landmarks

Pelican, state bird

Capitol Building in Baton Rouge

Superdome

Capitol Building in Baton Rouge

French Quarter

Port of New Orleans

Magnolia, state flower

What Our State and City are Known for

New Orleans is best known for JAZZ MUSICKnown for

MARDI GRAS brought to LA by the French

Known for Cajun & Creole Style

SEAFOOD

Known for Its natural resource OIL

Known for TOURISM

because of its rich history

Important French People in Louisiana’s History:Robert La Salle

He is important because he claimed Louisiana for France

Important French People in Louisiana’s History:Jean-Baptiste Le Moyne de Bienvielle

The Father of New Orleans

He is important because moved the capital of LA from the swamp to New

Orleans

The Louisiana Purchase

IMPORTANT EVENT IN LA’S HISTORY:Louisiana Purchase of 1803

WHAT:

The U.S. bought the Louisiana Territory from France in 1803

WHY it was important:

It made Louisiana a part of the United States

It’s Time to Show the iLeap What You Know