3. Economics:
Hey, Al! What are we going to
learn today?
We will learn about 5 key economic terms
all historians should know!
4. 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?
5. 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?
6. 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?
7. 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
8. 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
9. Economics Word of the Day:
Opportunity Cost
Example: 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
10. 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?
11. 11
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 playing
b. Spend less time studying
c. Spend more time listening to music
d. Spend more time watching television
12. 12
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 bag
b. The price of each bag
c. The brand of cookies
d. The flavor of the cookies in each bag
13. 13
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 candy
b. The price of each bag of candy
c. The brand of each bag of candy
d. The flavor of each brand of candy
14. 14
Let’s Play Do You Know Your
Economic Terms
If the demand for a good is high, the price will
a. decrease
b. increase
c. Stay the same
d. What is a demand?
15. 15
Let’s Play Do You Know Your
Economic Terms
If the demand for a good is low, the price will
a. decrease
b. increase
c. Stay the same
d. What is a demand?
16. 16
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 decrease
b. The cost of Bri’s lemonade will increase
c. The cost of Bri’s lemonade will stay the
same
d. Bri will stop selling lemonade and sell pizza
20. 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?
21. History of the People of Louisiana
1st Native
Americans/American Indians
2nd the French from France
Acadians: French Catholics from Canada
3rd the Spanish from Spain
4th United States of
America
22. 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?
23. 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?
25. 25
Consumers: Spending Our Money Wisely
HOW 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?
26. 26
Consumers: How to Shop Around
YOU WORK HARD FOR YOUR MONEY, SO YOU
BETTER SHOP AROUND!!
YOU WILL SAVE MONEY THAT WAY!
27. 27
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?
28. 28
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 carpet
b. Go to different stores to compare prices
c. Keep his old carpet
d. Pilfer Mr. Ruch’s carpet and save money
29. 29
Let’s Play How Can I Save Money!!
a. There is a scarcity of phones
b. Shopping around can save her money
c. It is hard buying a new phone
d. 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?
30. 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
33. 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
34. 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
35. 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
36. 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.
38. Review: Civics
Civics: the study of government and how it runs
Why? Our government makes laws that tell us how to
behave. If we break the law, there are consequences
40. 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
41. 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
42. 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!
43. 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.
44. 44
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.
45. Hey, Ben, what are we going to learn today?
WE WILL REVIEW HOW TRANSPORTATION AND
TECHNOLOGY HAVE CHANGED OVER TIME
46. 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
47. 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
48. A History of Technology:
Important Inventions
Challenge: Name one important invention and how it has
helped us.
49. 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?
50. 50
Consumers: Spending Our Money Wisely
HOW 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?
51. 51
Consumers: How to Shop Around
YOU WORK HARD FOR YOUR MONEY, SO YOU
BETTER SHOP AROUND!!
YOU WILL SAVE MONEY THAT WAY!
52. 52
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?
53. 53
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 couch
b. He’s going to different stores to compare
prices
c. He is saving money by not buying a new
couch
d. He plans to pilfer Mr. Smith’s couch to save
54. 54
Let’s Play How Can I Save Money!!
a. He is no good at spending money
b. He should never have went to Walmart
c. People should wait for sales to get a lower
price on goods
d. 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?
61. 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?
63. 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?
64. 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?
66. What Our State and City are Known for
New Orleans is best known for
JAZZ MUSIC
Known 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
67. Important French People in Louisiana’s History:
Robert La Salle
He is important because he
claimed Louisiana for France
68. 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
71. 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