Introduction to Economics Unit Bundle for Business and Marketing

Are you looking to engage your high school students in the basics of economics? This bundle includes 6 fun activities that will get your students actively participating in lessons. Topics covered include factors of production, economic systems, economic indicators, and the business cycle.

Whether you're teaching an introductory economics course or incorporating economic concepts into your Introduction to Business or Marketing I course, these resources are the perfect tool to foster collaboration, real-world application, and active participation in your classroom.

From hands-on learning to movement-based activities, this bundle will help your students develop a solid foundational knowledge of economic principles and practical insights. Digital options are also included so you can seamlessly integrate these activities into any setting.

Students will:

✅Sort and apply factors of production

✅Explore key characteristics of economic systems

✅Discuss key characteristics of economic systems

✅Research the factors of production and economic indicators of a country

✅Identify economic indicators and discuss the business cycle

✅Graph and analyze the business cycle

You’ll save $$$ by purchasing this bundle, or you can pick and choose your favorites, as each product is also sold separately. 

Save even more time and $$$ with the Introduction to Business and Marketing Supplement (Activities + Projects) Bundle.

Note to teacher: The print and digital product versions cover the same material but have been provided in two formats to give you the flexibility to fit the needs of your classroom. If you choose to use the digital version, each student will edit their own copy of the worksheets. These materials are not editable. Text boxes/ tables have been added to allow students to complete the activity electronically.

Please note that the PDF documents are NOT optimized for Google Docs™. The files in this product are meant to be PDFs, and the formatting will be off if you try to open them as a Google Doc™.

Students will need Internet access to conduct research and complete the activities. Answer keys or grading rubrics are included.

Product Details

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Factors of Production Lesson with Sorting and Application Activity

This comprehensive lesson covers the factors of production. Inside, you'll find 4 slides introducing land, labor, capital, and entrepreneurial resources with a corresponding note-taking guide. Next, your students will sort the factors of production in a graphic organizer with a cut-and-paste or digital drag-and-drop activity. Then, they will extend their learning by identifying the factors of production for a company. This lesson will help set the foundations for your basics of economics unit while appealing to a variety of learning types.

FREE Economic Systems Graphic Organizer

This economic system graphic organizer can be used to take notes during a presentation, while reading a textbook or an article, watching a short informational video, or conducting Internet research. It includes a space for command, mixed, and market economy key characteristics and a short reflection prompt. Inside, you'll also find an answer key to make review easy.

Economic Systems Chat Stations Gallery Walk

This discussion activity is the perfect addition to your economics unit on command, mixed, and market economic systems. Other key concepts include Laissez-faire, government control, and how economic systems influence citizens' lives. This versatile resource includes a digital and printable version for flexibility.

If you're not familiar with chat stations, they are essentially a type of gallery walk where students move around the room to discuss questions. This product contains 10 open-ended discussion questions on the characteristics of economic systems for a high school business class. At the conclusion of the activity, hold a discussion on student responses with the provided discussion guide. This strategy may help students feel more comfortable participating in class when they have had time to discuss each question with a peer prior to the whole class discussion.

Factors of Production and Economic Indicators Country Research Project

This project ties together the factors of production and economic indicators of a country. Inside, you'll find a cheat sheet with vocabulary terms, guided research questions, project instructions, a grading rubric, and a sharing reflection form to explore essential economic concepts. Students select a country and research general country information, natural resources, labor resources, capital resources, entrepreneurial resources, government type (economic system), GDP, revenue, expenditure, national debt, budget surplus/deficit, inflation, unemployment, exports, imports, and transnational issues.

The guided research questions are broken down into two parts so they can be split up and completed at different times or together. To split it up, have students complete the Factors of Production Country Research Project section when you cover factors of production and the remaining project after covering economic systems and economic indicators. 

Didn't cover these concepts? No problem, take advantage of the included economic unit vocab cheat sheet.

After completing the guided research prompts, students will create an infographic to display their findings. Then have students share their findings orally, as a gallery walk, or digitally to learn about other countries. A sharing form is included to help students reflect on each project.

Economic Indicators and Business Cycle Write the Room Scavenger Hunt

Get your students up and moving with this fun, economics write the room scavenger hunt! This activity will reinforce essential concepts and key terminology for economic indicators and the business cycle. This file includes 20 definitional or real-world application prompts for students to match with key terminology. Students will move around the room to read each prompt (a digital option is also included) and use the word bank on their worksheet to record their responses. An alternate worksheet is provided without the terms if you prefer not to give students the word bank.

Graphing the Business Cycle with Economic Indicators Around the Room

Engage your students with this interactive exploration of the business cycle. In this hands-on learning activity, your students will graph GDP growth and the unemployment rate for a FICTIONAL country. Based on the data, students will identify the stages of the business cycle and make connections between economic indicators and the business cycle with 9 open-ended questions.

With the print version, encourage collaboration by placing data points around the room, allowing students to get out of their seats and move around the room to complete the activity. A digital version is also included for a post-and-go experience. Data points and the included scenario are fictional and designed for educational purposes to illustrate the business cycle. This activity uses the years 1996 to 2022.

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