Elf+Training+Center

= = =Welcome to the ETC (Elf Training Center)! = = = ==Here you will learn the importance of economics in order to become one of Santa's special helpers! There are 6 things you must learn in order to pass the "Elf Exam": consumers/producers, types of resources, goods/services, scarcity/economic choices, wants/needs, and barter/money. Good luck, trainee! ==

==*Start by printing and filling out an application {here}. ==

=I. Consumers and Producers =

Producers
==Activity ==

Producer/Consumer Sort (Do you know your stuff?)


How is this student a consumer? Who are the producers in this video? //(Hint: Look at the products!)//
media type="youtube" key="JwiHc_F6IeM?rel=0" height="480" width="640"

=II. Goods/Services =

Services: when someone does something for you
Brain Pop Jr: Goods and Services Goods and Services Farm Interactive Quiz Interactive Sort Goods and Services Sorts (Seasons)

==<span style="color: #008000; font-family: 'Comic Sans MS',cursive;">__Elf Trainee Activity__: You will create a North Pole village and divide the stores into two streets: Goods Street and Services Avenue. Your head trainer will provide the templates for you to create your village, as well as the names of your shops. ==

= III. Types of Resources =

<span style="color: #008000; font-family: 'Comic Sans MS',cursive;">human: people (farmers, miners, builders, painters)
==<span style="font-family: 'Comic Sans MS',cursive;">Let's check out other factories and what they use to produce goods. Have your sticky notes ready! Write down at least one example of a natural, capital, and human resources as you see it! You will then share these with the class. ==

==<span style="color: #008000; font-family: 'Comic Sans MS',cursive;">__Elf Trainee Activity 3__: You will create a triorama about the 3 different types of resources. Be sure to include 3 -5 pictures as well as words for examples. Make it colorful and neat - we want to see how creative you can be! ==

=<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive;">IV. Scarcity/Economic Choices = =Scarcity: not having enough of something= =Why do people have to make economic choices?= > == __Elf Trainee Activity 1__: Play "Musical Chairs" with your classmates. What do you have a scarcity of each time? What other things in your classroom do you have a scarcity of? What about outside the classroom? ==
 * =when resources and goods and services are limited, you may have to make a choice!=

=<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive;">V. Barter/Money =

=Barter: exchanging of goods and services without use of money=

=Money: coins, paper bills, and checks used in exchange for goods and services=

__Elf Trainee Activity 2__: When can you use barter? Money? Watch the video below and be ready to explain!
<span style="color: #000000; font-family: 'Comic Sans MS',cursive;">The History of Money media type="youtube" key="AV8iQoCLrrY?rel=0" height="480" width="640"

=<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive;">VI. Wants and Needs (review) =

Brain Pop Jr: Needs and Wants