Economics
FOR THE WEEK STARTING 2/11/13
MONDAY
DAY 2
2/11
TUESDAY
DAY
2/12
WED.
Day 1
2/13
Class:
FURLOUGH
DAY
Class:
CLASS
OBJECTIVES:
1.
1.
THURSDAY
Day 2
2/14
FRIDAY
Day 1
2/15
Class:
1. Notes: Types of
Economic Systems
2. Simulation: Paper
Clips
3. Circular Flow Models
1. Re-Visit Freakonomics
2. Act: Diminishing Marginal
Utility and the power of Hershey’s
Kisses
3. Marginal Cost Analysis
4. PPC Worksheet: Use of Factors
of Production
CLASS OBJECTIVES:
CLASS OBJECTIVES:
1. Students will identify
factors of production in
Economy
2. Students will simulate
diminishing marginal return
3. Interpret a PPC curve
1. Define characteristics
and goals of 3
Economic Systems
2. Analyze the circular
flow model of a free
market and mixed
economy
2.
VOCAB:
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.
PRACTICE / Homework:
1. Study For Ch. 1 Quiz
2. Complete PPC worksheet
Read: pg. 23-34; 35-43 (Chapter 3;
Sections 1-4)
PRACTICE / Homework:
1. 35-43 (Chapter 3;
Sections 1-4)
2. Bring 3 small random
items to class with you
on Tuesday