Biography of Stalin video. Discuss mixed economies. Chapter 2 worksheets for homework. Chapter 1-2 test on Thursday.
Audible Tone: What countries are centrally planned today? How are they doing?
Biography of Stalin video. Discuss mixed economies. Chapter 2 worksheets for homework. Chapter 1-2 test on Thursday.
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Audible Tone: Explain the biggest problem of a market economy.
Cover the 4 pillars of free enterprise. Group work involving Centrally Planned economies. Begin viewing the biography of Joseph Stalin. Chapter 1-2 Test on Thursday. Audible Tone: Describe each of the two items needed for the invisible hand to work. Turn in.
We will look at problems for Adam Smith and the invisible hand today, go over the 4 pillars of free enterprise, and possibly start centrally planned economies. Audible Tone: Explain what a traditional economy is.
2/2 Terms. Discuss market economies, Adam Smith and the invisible hand. The Adam Smith writing assignment will be assigned. Audible Tone: Explain opportunity cost and give an example.
Go over the worksheet from yesterday. Three economics questions when creating an economy. Traditional economies and possibly begin market economies. Audible Tone: Why include entrepreneurship as a factor of production?
Read/define chapter 1 sections 2-3 key terms. We will discuss opportunity cost, marginal cost/benefit and production possibilities frontiers. There will be worksheets on chapter 1 sections 2 and 3 for homework. New feature in class starting today is audible tone (daily question). Answer the following question on a piece of paper with the date. We will do this each day and turn in the answers on Friday.
Audible Tone: Why is scarcity important to economics? We will finish going over the factors of production. In groups of four or less, pick your own good or service and list what is needed for each factor of production. We will read/define Chap 1 sections 2-3. Possibly begin discussing opportunity cost. We will check out textbooks today. Read Chapter 1 section 1 and define the key terms from it. We will discuss those terms with particular attention paid to the factors of production. Possible group work involving those factors of production.
Today begins economics for trimester 3. We will do the normal first days items. There will be a seating chart, we will go over the syllabus, and there will be the pre-test.
Audible Tone: Explain how globalization is good and bad. Turn in for the last time.
Some hours will finish watching the video on globalization. Possibly do review questions for the final. |
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