Economics – 9/06/13

 Cheap_gas_LineI.  Bellwork :  Question & Answer

  • Explain what is happening in the picture and why it is occurring?

II.  Objective

  • Define economics and its fundamental principles
  • CCSS.ELA-Literacy.RH.11-12.4 Determine the meaning of words and phrases as they are used in a text.

III.  Discuss:  The Fundamental Economic Problem pages 1-8

  • Scarcity & Choice Video
  • Factors of Production
  • TINSTAAFL

IV.  Notebook Work – Copy

V.   Classwork

VI.  Quick Review

https://www.flashcardmachine.com/p/Section11

VII.  Ticket Out

  • How confident are you that you know the concepts?


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