Unit One: Basic Economics Principles
1. Introduction to class. Conducted activity on labeling free-response questions. Assigned textbooks. Read pages 1-20..Turn in Signed Slip, due tomorrow. [1/22]
2. Discussed reading around the topics of: the 9 Basic Principles of Economics; TANSTAAFL; trade-offs; and opportunity costs. Conducted activity--Difficult Choices. Assignments: read pp. 6-17, and 20-30; answer and look at #1 and 2 on page 33 (these do not get turned in); and complete Activity 1-2: Scarcity and Comparative Advantage, which is due Friday. [1/23]
4 Discussed reading around the topics of Production Possibilities Frontier, normative and positive statements, and absolute versus comparative advantage. Get Unit I Review sheet for test on Monday. Assignments: Read pp. 34-37; answer #1,3, 7,and 8 from pages 38-40, due Monday; and complete Activity 1-3: Determining Comparative Advantage, due Monday. [1/24]
5. Took quiz on Production Possibilities Frontiers and Opportunity Costs. Reviewed for Unit One exam on Monday. [1/25-26]
6. Took Unit One (Chapters 1 and 2) Exam. All late work due by 4PM today. Read pp. 56-63 by tomorrow. [1/29]
2. Discussed reading around the topics of: the 9 Basic Principles of Economics; TANSTAAFL; trade-offs; and opportunity costs. Conducted activity--Difficult Choices. Assignments: read pp. 6-17, and 20-30; answer and look at #1 and 2 on page 33 (these do not get turned in); and complete Activity 1-2: Scarcity and Comparative Advantage, which is due Friday. [1/23]
4 Discussed reading around the topics of Production Possibilities Frontier, normative and positive statements, and absolute versus comparative advantage. Get Unit I Review sheet for test on Monday. Assignments: Read pp. 34-37; answer #1,3, 7,and 8 from pages 38-40, due Monday; and complete Activity 1-3: Determining Comparative Advantage, due Monday. [1/24]
5. Took quiz on Production Possibilities Frontiers and Opportunity Costs. Reviewed for Unit One exam on Monday. [1/25-26]
6. Took Unit One (Chapters 1 and 2) Exam. All late work due by 4PM today. Read pp. 56-63 by tomorrow. [1/29]