ECONOMICS
WEEK OF 9-28-15
MONDAY
9/ 28
Day 2
READING: pgs.48-73
CLASS: FREE ENTERPRISE &
REGULATIONS
ACT#1- CIRCULAR FLOW MODEL
Notes: externalities
WEDNESDAY
9/30
Day 2
OBJECTIVES:
CONTENT:
1) EXPLAIN THE BASIC
COMPONENTS OF FREE
ENTERPRISE.
2) DISTINGUISH BETWEEN
PRIVATE AND PUBLIC SECTORS.
3) DIFFERENTIATE BETWEEN
PRIVATE AND PUBLIC GOODS.
4) EXPLAIN HOW EXTERNALITIES
IMPACT PUBLIC AND PRIVATE
GOODS
VOCAB:
Eminent domain
GDP
Patent
Copyright
Public good
Private good
Public sector
Private sector
TARGETS:
1) DEMONSTRATE UNDERSTANDING OF
BASIC CONCEPTS FROM UNIT ONE.
2) DEMONSTRATE PROFICIENCY OF
TARGETS FROM UNIT ONE.
3) APPLY TARGETS TO CUURENT REAL
WORLD SITUATION.
CLASS: UNIT ONE TEST – CH. 1.2&3
ACT: CURRENT EVENTS#2 – “RAISING
MINIMUM WAGE”
VOCAB:
N/A
FRIDAY
10/2
Day 2
TEXT READING: pgs.82-96
CLASS: MARKETS AND DEMAND
notes-DEMAND & PRICE EFFECT
CHANGES TO DEMAND
ACT: u-2 pretest & diminishing marginal
utility activity
CLASS TARGETS:
1) EXPLAIN THE BASIC COMPONENTS
OF ANY MARKET
2) IDENTIFY THE LAW OF DEMAND
AND ITS IMPLICATIONS IN THE
MARKET.
3) ILLUSTRATE AND EXPLAIN THE
DEMAND SCHEDULES AND DEMAND
CURVES.
VOCAB:
Demand
Consumer sovereignty
Substitution effect
Income effect
Demand schedule
Demand curve
Law of demand
Normal good
Inferior good