Honors Economics Week of Oct. 2-6

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Posted by cliftonj | Posted in Hon. Gov/Econ | Posted on September 22, 2017

Monday Oct. 2

LG: Become familiar with Economics definition.

  1. Defining economics activity
  2. Discuss words and phrases
  3. Life Map Activity
  4. Homework:   Respond to the following questions:Drawing on your new knowledge of the definition of economics and our class discussion, answer the following questions for homework:
    • 1. Name four things you know about economics.
    • 2. How does economics relate to your life? How does it affect your family?
    • 3. What role do you play in the economy? What role does your family play?
    • 4. How does the economy affect your neighborhood?
  5. Summary Time

Tuesday Oct. 3

LG: Explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments.

  1. Life Maps- share
  2. Turn in homework questions
  3. Discuss def. of capitalism vs. democracy
  4. Power point notes and video clips: Basic Economic Reasoning
  5. Scarcity activity

Wednesday Oct. 4

LG: Compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce, how to produce, and for whom to produce.

  1. Quiz over lecture 1 tomorrow
  2. Complete ppt #1
  3. Review key concepts- Production Resources and Resource Allocation Activity
  4. Four Corners Activity- Opportunity Costs
  5. PowerPoint notes : Economic Systems

Thursday Oct. 5

LG: Describe the roles of government in a market economy.

  1. Quiz Standard 1
  2. Power point notes and video clips: Economic systems

Friday Oct. 6

LG: To be able to use economic models like production possibilities curves, marginal cost/marginal benefit tables, and production graphs to identify trade-offs, opportunity cost, and rational decision making criteria.

  1. PowerPoint notes/videos on production possibilities
  2. Production possibilities activities
  3. Summary time

 

 

 

 

 

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