1. Welcome Back
GRADE 10

2. Students will be able to :
Review all the rules and regulations of the school
Understand the content of SSE books
Review the World History content of the previous Year

3. Schools Rules and regulations
Rules
Students are expected to…..
1.Follow directions the first time they are given
2.Treat others with respect
3.Not leaving the classroom without permission
4.Walk in the classroom and halls at all times
5.Keep hands and feet to self
Positive Consequences Negative Consequences
Praise Warnings
Rewards Timeout
Positive notes sent home Teacher informs the School Counselor
Teacher calls parents/ reports to School admins
An incident of indiscipline is dealt with in the following way
1 Stage - A verbal warning is given with due respect to the student and
the incident is registered.
2 Stage - A written note of warning is issued with the sign of HOD.
3 Stage - Mail Communication is sent to the School Counselor and parent
4 Stage - Meeting is scheduled with School Admins.
You are always valued and appreciated for your respectful behavior.
We get respect when we give respect. Thank you for being disciplined.

4. SSE Content (Understanding
Economics)
1. Think like Economist
2. Government and global Economics
3. Understanding Markets
4. Business and Labor
5. Money – Banking and Finance
6. Economic Performance

5. SSE Grading System
Social Studies Grade Breakdown
Attendance Homework Project Classwork Quiz Test
5 5 10 15 30 35

6. What is your Expectation for this
Year?

7. Think Like an Economist
WEEK 1– ACADEMIC YEAR 2022-2023

8. If I give you $1 million right now,
what would you do?

9. Our target is :
Define Economic
Identify Goods, Services, Resources, and Scarcity?
Review the Economic System of countries

11. Do you consider yourself an
economist?

12. Economic Definition
ECONOMICS IS THE SOCIAL SCIENCE THAT STUDIES HOW
PEOPLE INTERACT WITH VALUE; IN PARTICULAR, THE
PRODUCTION, DISTRIBUTION, AND CONSUMPTION OF GOODS
AND SERVICES.
ECONOMICS FOCUSES ON THE BEHAVIOR AND INTERACTIONS
OF ECONOMIC AGENTS AND HOW ECONOMIES WORK.

13. Is the term economy considered
positive or negative?

14. https://www.youtube.com/watch?v=2YULdjmg3o0

15. What is Macro and Micro Economy?

16. Write your own Definition about
Economics?

17. Answer the following questions:
◦What are Goods?
◦What are Services?
◦What are Resources?
◦What is Scarcity?

18. Goods
Ineconomics,goodsareitemsthat
satisfyhumanwantsandprovide
utility,forexample,toaconsumer
makingapurchaseofasatisfying
product.

19. Services
Aserviceisatransactioninwhichno
physicalgoodsaretransferredfromthe
sellertothebuyer.Thebenefitsofsucha
serviceareheldtobedemonstratedby
thebuyer'swillingnesstomakethe
exchange.

20. Resources
Resourcereferstoallthematerials
availableinourenvironmentwhich
helpustosatisfyourneedsand
wants.Resourcescanbroadlybe
classifiedupontheiravailability—
theyareclassifiedintorenewable
andnon-renewableresources.

21. What is Scarcity?

22. https://www.investopedia.com/terms/s/scarci
ty.asp

23. Scarcity
Ineconomics,scarcityreferstothe
limitedresourceswehave.For
example,thiscancomeintheform
ofphysicalgoodssuchasgold,oil,or
land–or,itcancomeintheformof
money,labour,andcapital.These
limitedresourceshavealternate
uses.

24. Name at least 4 scarcity in Kuwait

25. Question: What Impact Does Economics
Have on Government Policy?

26. Session Two
Intro to Economy

27. Answer the following questions:
◦What are Goods?
◦What are Services?
◦What are Resources?
◦What is Scarcity?

28. Students will be able to “
Identify the economic system
Compare between capitalism and communism
Identify the strongest economic system in out
time

29. What are the economic systems in the
world today?
There are four types of economies:
Pure Market Economy.
Pure Command Economy.
Traditional Economy.
Mixed Economy.

30. Pure Market Economy
In a free market economy, the law of supply
and demand, rather than a central
government, regulates production and labor.
... A purely capitalist economy is a free
market economy; the profit motive drives all
commerce and forces businesses to operate
as efficiently as possible to avoid losing
market share to competitors.

31. Pure Command Economy
A pure command economy is a system where
the government, rather than the free market,
determines what goods should be produced,
how much should be produced and the price
at which the goods are offered for sale.

32. Traditional Economy
Traditional economy means an economy
where customs, traditions and believes
prescribe the principles of economic
organization for production of goods and
services; in other words, traditional economy
is built up around traditions, according to
which a particular society lives.

33. Mixed Economy
A mixed economy is variously defined as an
economic system blending elements of a
market economy with elements of a planned
economy, markets with state interventionism,
or private enterprise with public enterprise

34. Which country has strongest economy?
Name the country
Why it’s the strongest
What is the evidence?

35. https://www.youtube.com/watch?v=5xgwYRX
19VU

36. Based on the video :
What are the differences between the 4 types of Economic system?

37. The father of The economy
Identify the life of Adam Smith
Explain the importance of Karl Marx
Summarize the differences between
Capitalism and communism

38. From the video :
Who is Adam Smith and what did he do?
https://www.investopedia.com/updates/adam
-smith-economics/

40. Group Work:
Each one will find at least 6 facts about Karl Marx

41. Karl Marx
Marx's most popular theory was 'historical
materialism', arguing that history is the result of
material conditions, rather than ideas.
He believed that religion, morality, social
structures and other things are all rooted in
economics. In his later life he was more tolerant
of religion.
Karl Heinrich Marx was a German philosopher,
economist, historian, sociologist, political
theorist, journalist and socialist revolutionary.
Born in Trier, Germany, Marx studied law and
philosophy at university.
He married Jenny von Westphalen in 1843.

42. Summarize the differences between Capitalism and
communism
Capitalism Communism