ECONOMICS
FOR THE WEEK STARTING 9/30/13
MONDAY
DAY 1
9/30
TUESDAY
DAY 2
10/1
WED.
Day 1
10/2
THURSDAY
Day 2
10/3
FRIDAY
Day 1
10/3
CLASS:
CLASS:
1. Simulation: The Magic
of Markets
2. Notes: Types of
Economic Systems
CLASS:
CLASS:
1. Notes: American
Free Enterprise
System:
CLASS:
3.
CLASS
OBJECTIVES:
CLASS OBJECTIVES:
CLASS OBJECTIVES:
1. Define characteristics
and goals of 3 Economic
Systems
CLASS OBJECTIVES:
1. Define basic
principles of free
enterprise system
2. Explain why the
government may
intervene in
market place
CLASS OBJECTIVES:
3. Identify examples of
public goods
4. Analyze Market
Failures
5. Evaluate how
government allocates
some resources
VOCAB:
VOCAB:
Market Economy
Command Economy
Traditional Economy
Mixed Economy
Product Market
Factor Market
Consumer Good
VOCAB:
VOCAB:
Public Goods
Free Rider
Market Failure
Positive/Negative
Externalities
VOCAB:
Intermediate Good
Capital Good
PRACTICE:
PRACTICE:
Read Ch. 3 (Sec. 1-2; pages.
49-59
PRACTICE:
PRACTICE:
Read Ch. 3 (Sec. 3-4; pgs.
59-69
Unit 1 Test on
Monday
PRACTICE: