I.  Bellwork:  Q&A Which curve is more inelastic? What would cause a movement from point a to point b? What is the movement from point b to point b1 called? Explain the paradox of value II. Objective:  Review economic principles and concepts to prepare for the Final Exam III. Return your Economic books (-5 off […]

I.  Bellwork  Q&A Page 504-505 Explain how globalization has lead to interdependence. P527 #27 II. Objective- Produce clear and coherent 6+1 essay based upon discussion of the previously viewed video and construction of double bubble map in which demonstrates the criteria areas of  content and  organization. Analyze the changing relationship between the American economy and […]

I.  Bellwork: Pgs. 502-503 Q&A How has globalization led to outsourcing? What is outsourcing? What is the cost associated with outsourcing? What are the benefits associated with outsourcing? II. Objective Examine the role globalization, multinational corporations, and outsourcing play in the economy. III.  Classwork A. Is Wal-Mart Good for America? B. Questions:  Is Walmart Good […]

I.  Bellwork:   You are planning on traveling to Mexico for a vacation.  You have just learned that the peso has weakened.  Is that good or bad news to you?  Explain your answer. P. 459 Economic Analysis – Q&A P. 460 Economic Analysis- Q&A II. Objective: Assess students comprehension of the reasons behind trade and […]

I.  Bellwork: Q&A Explain how quotas on foreign goods impact domestic industries. Explain how quotas on foreign goods impact foreign industries. Explain how quotas on foreign goods impact domestic workers. Explain how quotas on foreign goods impact domestic consumers. II. Objective Analyze how the decisions made by a country’s central bank (or the Federal Reserve) […]

I.  Bellwork Identify whether you are a proponent of free trade or a protectionist.  Argue your stance with support and examples. – 1 paragraph II. Objective Assess the impact of trade policies on domestic activity and world trade. III.  Notebook – Identify the Arguments behind Trade Restrictions -Thinking Map IV.  Finishing 16-2 Trade Restrictions Discussion […]

I.  Bellwork:   Q&A – Country X Country Y Grapefruit 10/tons 15/tons Olives 40/tons 30/tons           Explain your answer and show/compare both mathematical relationships 1. Which country has the comparative advantage in producing grapefruit? 2. Which country has the comparative advantage in producing olives? II.  Objective: Assess the impact of trade policies […]

I.  Bellwork: Q&A  List two states and a product each state has an advantage in producing over the other. List two countries and a product each country has an advantage in producing. II. Objective: Examine how comparative advantages and globalization have led to increasing trade. Analyze the changing relationship between the American economy and the […]