COURSE NAME

Economics Essentials 1

COURSE CODE

G5E07E

SCHOOL

English

English School

LEVEL

G5

Grade 5, Primary School

SUBJECT

Economics

Economics and Finance

CLASS TIME

The class time is Singapore time as GMT+8/UTC+8

Live Class Starts From:

Oct. 10月 Oktober اكتوبر octobre octubre

Thurs. 周四 Donnerstag 木曜日 jueves الخميس jeudi

1

7.30 pm ~ 8.15 pm

Live Class Ends On:

2021/02/03

COURSE DESCRIPTION

Weeks 1-4: How We Buy

Free market
Goods and services
Informed decision
Factors influencing buying decisions


Weeks 5-8: How Things are Made

Resources overview
Natural resources
Human resources
Capital resources






Weeks 9-12: How Things are Sold (Part 1)

Demand
Supply
Factors influencing demand
Factors influencing supply


Weeks 13-16: How Things are Sold (Part 2)

Advertising
Monetary incentives
Sales channels
Social responsibility

THEME OF THE PROJECT

Goods and Services Around Us

Purpose

By the end of this project, the students will be able to:

Identify factors influencing buying decisions
Prioritize factors influencing buying decisions
Identify resources involved in production of various goods and services
Explain factors influencing demand and supply
Create demand and supply charts
Compare incentives used by suppliers

1ST STAGE OF THE PROJECT

Informed decision checklist



Students complete a collaborative document with decision making criteria for a variety of goods and services. Students are expected to make multiple contributions to each good/service column of the collaborative document.

2ND STAGE OF THE PROJECT

Supply Plan



Each week, students make individual contributions to a compound list of resources needed for the production of goods and services they explored on Stage 1. Students are expected to make multiple contributions to each good/service column of the collaborative document.

3RD STAGE OF THE PROJECT

Demand and supply chart



Students create a demand and supply chart for one good or service from previous stages of the project. Each student is responsible for a specific scenario, and by the end of this stage, the class will have collected multiple demand and supply charts for a variety of scenarios.

4TH STAGE OF THE PROJECT

Sales Campaign



On the first stage of this project (weeks 13 and 15), the students discuss advantages and disadvantages of several types of advertisements, incentives, and sales channels. They write down their thoughts in a collaborative document.

On the second stage of this project (final week), each student selects one good or service from stages 1-3 and creates a marketing plan for it.

TEACHER'S NAME

Georgy Piskun

TEACHER'S INTRODUCTION VIDEO

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