ECONOMICS
MONDAY
DAY 2
9/23
FOR THE WEEK STARTING 9/23/13
TUESDAY
DAY 1
9/24
WED.
Day 2
9/25
THURSDAY
Day 1
9/26
FRIDAY
Day 2
9/27
CLASS:
1. EA Presentation
(Tom Meyer)
2. Discussion:
Freakonomics
3. Hershey’s Kiss
Simulation (
Diminishing
Marginal Utility)
4. PPC Worksheet: Use
of Factors of
Production
CLASS:
1. PPC Worksheet: Use of Factors
of Production
2. Notes: Types of Economic
Systems
3. Simulation: Paper Clips
CLASS:
1. Notes: Types of
Economic Systems
2. Simulation: Paper
Clips
3. Circular Flow
Models
CLASS OBJECTIVES:
1. Explain how the drug
trade in Chicago
reflects the concepts
of economic
incentives
2. Explain the concept
of diminishing
marginal utility in
the simulation
CLASS OBJECTIVES:
1. Students will identify factors of
production in Economy
2. Students will simulate
diminishing marginal return
3. Interpret a PPC curve
CLASS OBJECTIVES:
1. Define
characteristics and
goals of 3
Economic Systems
2. Analyze the
circular flow
model of a free
market and mixed
economy
VOCAB:
Incentives
Opportunity Cost
Marginal Cost/Benefit
Market Structure
VOCAB:
Production Possibility Curve/Frontier
Scarcity
Efficient
Inefficient
Law of Diminishing Return
VOCAB:
Market Economy
Command Economy
Traditional Economy
Mixed Economy
Product Market
Factor Market
Consumer Good
Intermediate Good
Capital Good
PRACTICE:
1. Read: pgs. 14-17;
24-29
2. PPC WS
PRACTICE:
Read Chapter 2 / Section 2-3 (pgs. 3038)
PRACTICE:
1. Read Ch. 3 (Sec.
4) pgs.
2. Complete Reading
and ?’s (“Why
College Costs So
Much”)
3. Bring 3 random
items with you on
Tuesday (in a
brown paper bag)