Agribusiness Unit 1: Basics of Economics
This unit is designed for 9 45-minute lectures with the following outcomes:
Students understand definition of and reason for economics.
Students distinguish between macro- and micro-economics.
Students identify producers, consumers, and scarcity as related to economics.
Students differentiate fixed and variable inputs, timelines and the process of production.
Students understand how economic systems impact the marketplace.
Students understand revenue, costs, and how to calculate profit.
Students can define ceteris paribus and how it is used.
Students can explain the law of diminishing returns.
Students understand supply and elasticity of supply.
Students can explain the difference between a change in quantity supplied and a change in supply.
Students understand demand and what causes changes in demand.
Students can explain the difference between a change in quantity demanded and a change in demand.
This download link includes:
Unit outline
Daily bellringers
Powerpoint lectures + teacher notes for what to say on each slide
Worksheets (with keys)
Diagrams
Activity instructions
Exam review
Exam (and key)
Curriculum is designed to meet the national standards for the agribusiness systems career pathway and specifically focuses on standard ABS.01.01 and its sample measurement strands.
This unit is designed for 9 45-minute lectures with the following outcomes:
Students understand definition of and reason for economics.
Students distinguish between macro- and micro-economics.
Students identify producers, consumers, and scarcity as related to economics.
Students differentiate fixed and variable inputs, timelines and the process of production.
Students understand how economic systems impact the marketplace.
Students understand revenue, costs, and how to calculate profit.
Students can define ceteris paribus and how it is used.
Students can explain the law of diminishing returns.
Students understand supply and elasticity of supply.
Students can explain the difference between a change in quantity supplied and a change in supply.
Students understand demand and what causes changes in demand.
Students can explain the difference between a change in quantity demanded and a change in demand.
This download link includes:
Unit outline
Daily bellringers
Powerpoint lectures + teacher notes for what to say on each slide
Worksheets (with keys)
Diagrams
Activity instructions
Exam review
Exam (and key)
Curriculum is designed to meet the national standards for the agribusiness systems career pathway and specifically focuses on standard ABS.01.01 and its sample measurement strands.
This unit is designed for 9 45-minute lectures with the following outcomes:
Students understand definition of and reason for economics.
Students distinguish between macro- and micro-economics.
Students identify producers, consumers, and scarcity as related to economics.
Students differentiate fixed and variable inputs, timelines and the process of production.
Students understand how economic systems impact the marketplace.
Students understand revenue, costs, and how to calculate profit.
Students can define ceteris paribus and how it is used.
Students can explain the law of diminishing returns.
Students understand supply and elasticity of supply.
Students can explain the difference between a change in quantity supplied and a change in supply.
Students understand demand and what causes changes in demand.
Students can explain the difference between a change in quantity demanded and a change in demand.
This download link includes:
Unit outline
Daily bellringers
Powerpoint lectures + teacher notes for what to say on each slide
Worksheets (with keys)
Diagrams
Activity instructions
Exam review
Exam (and key)
Curriculum is designed to meet the national standards for the agribusiness systems career pathway and specifically focuses on standard ABS.01.01 and its sample measurement strands.