Title: Traditional Economies

Write down the Essential Question.

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

Scarcity

Resources / Factors of Production

3 Economic Questions

Economic Products (Goods and Services)

Economic Systems

Traditional Command Market

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

As we explore Traditional Economies today, watch out for the following terms:

Traditional

Inuit

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

Although we just read it, lets make sure we all understand what a traditional Economy is.

Pair/Share (AB) - What is a Traditional Economy

Traditional Economy – allocation of scarce resources and nearly all other economic activity stems from ritual, habit, or custom.

USE THE RESOURCES THAT THEY HAVE AVAILABLE TO THEM TO PRODUCE THE NECESSITIES OF LIFE

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

Whiteboard Activity

Read the quote below and answer the question.

“If a walrus or bear was taken, hunters divided the kill evenly into as many portions as there were heads of families in the hunting party”

How would this represent a Traditional

Economy?

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

Handout

Read the Strengths and Weaknesses of a Traditional Economy on page 33.

Strengths (Advantages) Weaknesses (Disadvantages)

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

FLESH FROM ANIMALS = MAIN FOOD SOURCE

ANIMAL SKINS = CLOTHING, FOOTWEAR, KAYAK & SUMMER TENTS

BONES &TEETH = TOOLS, WEAPONS & TOYS FOR KIDS

INTESTINE OF SEAL = USED FOR PLASTIC RAINWEAR & A DOOR FOR THE TENT OR IGLOO

FAT OF SEAL = OIL TO BURN IN LAMPS SINEW = THREAD

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?

Think/Pair/Share: Where do you think other

traditional economies exist?

Two countries which would be examples of this would be many of the African countries which use agriculture as their main basis for growing food and for jobs, in addition some Asian countries, such as Bangladesh and Burma also rely on farming (agriculture) as their main way for both employment and for producing food for the family and the nation.

Objective (3.3c) SWBAT describe the characteristics of a Traditional Economy and evaluate its advantages and disadvantages.

DOL (how?) 100% of students will: 1) List and describe 3 main characteristics of a Traditional Economy. 2) Given 5 statements, explain if they are advantages or disadvantages, and provide a justification statement for why.

EQ: What are the advantages and disadvantages of a Traditional Economy?