Economics – 3/04/13

I. Bellwork: Q&A

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

1. Environmental Protection Agency
2. Food and Drug Administration
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: Types of Economic Systems and their characteristics, Economic Goals, and Characteristics of Free Enterprise Capitalism, and the role of government in the economy

III.  In Preparing for the Chapter 2 Test you will need to know

• Characteristics of the 3 Types of Economies – Figure 2.1
  • 2.1 Flashcards
• Mixed Economy
• Economic Goals and Examples (See Notes)
  • 2.2 Flashcards
• Impact of Inflation
• Minimum wage & Trade offs
• Characteristics of Free Enterprise Capitalism (Fig 2.3)
• Modified Free Enterprise Economy
• Roles of Government & examples of each
  • 2.3 Flashcards

IV.  Classwork

A.  Page 56 Q&A 17-27

V.  Turn in Your Notebooks Today

• 1^st & 2^nd Hour – Pick them up today
• 4^th, 5^{th, and} 6th Hour – Wednesday – Thursday

VI.  Quiz Retakes Tuesday after school @ 1:00 in G204

Economics W2013