Intro to Business – 9/14/09
I. Bell Work:
A. List the 3 types of economic resources and provide an example for each
II. Review Section 1-1 – Quiz Tomorrow
III. Objectives:
- Understand the basic economic problem
- Explain the steps in the decision making process
IV. Section 1-2 Economic Choices (Notebook Discussion)
A. Basic Economic Problem
1. What is it?
2. What causes the problem?
a. What does it force people to make?
3. Trade offs
a. Examples
4. Opportunity Cost
a. Examples
B. 6 Steps in the Decision Making Process
1.
2.
3.
4.
5.
6.
V. Classwork
A. Terms (4)
B. Pg 15 (1-3)
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