I.  Bellwork– Page 28 Q&A #18, 22, 24 & 28 II.  Objective: Construct a production possibilities frontier and analyze various situations which would cause deviations to operating at capacity. Evaluate various explanations for actions or events and determine which explanation(s) best accords with textual evidence. III.  Notebook Work Copy the Schedule Below Label and plot […]

I. Bellwork A. Use the graphic below as an outline for what you plan on doing after school today. You must have at least 3 trade-offs. II. Objective Examine economic decisions and how economic models, such as the production possibilities frontier, are used in the decision making process. Determine the meaning of words, phrases, and […]

I.  Bellwork: A professional baseball team has only enough money to sign either one superstar or three young players. The superstar could help the team win the championship this year but would not be with the team long. The young players are talented but not yet ready for the major leagues. Questions & Answers 1.  […]

I.  Bellwork: 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. Now narrow the list to the top two choices Now list the item or service you would purchase. By making your […]

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? Explain what  you believe government’s role in the economy should be? How did Smith believe the wealth of nations should be measured? II.  Objective […]

I.  Bellwork A.  Provide an example for each: 1. Land 2. Labor 3. Capital. II.  Objective Examine basic economic terms and concepts related to goods/services, paradox of value, and the flow of economic activity. Determine the meaning of words and phrases as they are used in a text III.   Quick Section 1-1 Review IV.  Section […]

 I.  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 […]

I. Bellwork • Construct a Bubble Map with at least 4 adjectives that describe characteristics that will help you succeed in the course. II. Objective • Discuss classroom policies, procedures, and resources III. Turn in your signed Syllabus IV. Finish Class Policies and Procedure Discussion & Copy in Notebook https://blog.dearbornschools.org/farhoua/files/2013/01/Class-Procedures-Economics.pdf V. Media Center for PreTest […]

I. Bellwork: Please complete the Personal Inventory II. Objective:  Become familiar with classroom policies and procedures in order to have a successful semester. III.  Read & Discuss Course Syllabus  – Economics Syllabus brochure A.  Take it home and get it signed IV.  Class-Procedures-Economics A.  Discussion and Copy them in your Notebook