Honors Economics Week of 8/1/2018

WED-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

THUR-Quiz over introductory economic concepts from Wednesday

Notes on economic goals and how they’re addressed by command and market economies

Ways to allocate scarce resources activity

Video clips and charts/graphs/maps on economic freedom by country

You will receive your Unit 1 Problem Sets in class today; they are due Friday, aren’t taken late

FRI-Quiz on economic systems

Activity on production possibilities

Notes on production possibilities curves

Video clip on PPCs

Practice sheets on PPCs

Quiz Monday on PPCs

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