Economics 9/11/13

I.  Bellwork:

1. If you had up to $100 to spend on only one product or service, make a list of at least 4 possible products or services you would consider purchasing with the $100.
2. Now narrow the list to the top two choices
3. Now list the item or service you would purchase.
4. By making your selection, what are some of the things you would sacrifice related to the next best product or service you gave up?

II.  Objective:

• Create examples of economic decisions identifying trade-offs and opportunity costs while examining the impact they have on the decision making process.
• RH.11-12.7. Integrate and evaluate multiple sources of information  in order to address a question or solve a problem.

III.  Notebook Work

IV.  Go to Media Center for the Quiz

• Complete Section 1-1 & 1-2 Quiz on iLearn

V.  Classwork

Click on the link and read the Article:  City Decides to Keep Leaf Removal Program

1. List a number of choices that that the City could make regarding the money it uses for leaf removal.
2. Identify your top two choices.
3. Identify your final choice
4. Summarize all the things that would be considered an opportunity cost related to your decision.

Economics F2013