Economics – 9/27/12

I. Bellwork: Q&A

Identify the role government has in each as either:  protector, provider, or regulator

  1. Environmental Protection Agency
  2. Law Enforcement
  3. Libraries
  4. Federal Communications Commission
  5. Consumer Product Safety Commission
  6. Highways and Roads
  7. Agricultural subsidies
  8. Education
  9. Federal Bureau of Investigation
  10. Securities and Exchange Commission
  11. Interstate Commerce Commission
  12. Supreme Court

II.  Objectives:

  • Review Chapter 2: Allocation of goods and services and the role of government in the economy.

III.  Tomorrow Chapter 2 Test

A.  Understand the following

  • Characteristics of the 3 types of Economies – Figure 2.1
  • Mixed Economy-Figure 2.2
  • Economic Goals and Examples – See your notes
  • Impact of Inflation
  • Minimum wage & Trade offs
  • Characteristics of Free Enterprise Capitalism (Fig 2.3)
  • Consumer’s Role in the Economy
  • Entrepreneur’s role in the economy
  • Modified Free Enterprise Economy
  • Roles of Government & many examples of each

B.  Review and Discuss Prior Quizzes and Classwork


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