Economics – 2/05/13
I. Bellwork :
A. Page 18 Write Questions & Answers
- What did Adam Smith conclude about the division of labor?
- What is government’s role in the economy according to Adam Smith?
- How did he believe the wealth of nations should be measured?
II. Objective
- Examine basic economic terms and concepts related to goods/services, paradox of value, and the flow of economic activity.
- Determine the central ideas or information of a primary or secondary source.
III. Quiz Wednesday: Section 1-1, Section 1-2 & Procedures
IV. Classwork
A. Video – Fordism 1920s USA
- Summarize some of the methods Ford implemented to increase productivity and the impact it had on his workers
V. Classwork
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