Honors Economics Week of 1/1/18

THUR-Go over syllabus, introduce class

Notes over introductory economic concepts:  scarcity, factors of production, motivations for entrepreneurs, opportunity cost, rational decision making, marginal benefit and marginal cost, incentives, specialization, and voluntary exchange

Video clips to emphasize basic economic concepts

FRI-Quiz over introductory economic concepts from Monday

Notes on basic economic questions, comparing and contrasting the major economic systems of traditional, command, market, and mixed, economic goals, and comparing and contrasting ways to allocate scarce resources

Video clips to emphasize economic concepts


*Quiz Monday over economic questions, economic systems, economic goals, and allocating scarce resources

*Get the book Naked Economics and begin reading and taking notes on Chapter 2

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