Economics SS- 6/26/14

I. SWD:

• an understanding of basic economic concepts such as scarcity, the flow of economic activity,and decision making models used to demonstrate trade-offs by successfully passing the Chapter 1 assessment.

II. Production Possibility Frontier Questions (Q&A)

1. What does a PPF measure?
2. What does a point on the production possibility frontier curve illustrate?
3. What does a point inside the production possibility frontier curve illustrate? Provide examples.
4. What does a point outside the production possibility frontier curve illustrate? Provide examples.

III. Notebook Work- Copy diagram

IV.       Trade offs & Opportunity Costs Explained

            https://www.reffonomics.com/TRB/chapter1/opportunitycost.swf

V. Opportunity Cost Module

To get started on your assignment, please go to your student login page and access your account using the student code and password. One you are logged in, you will be able to complete your assigned course (OPPORTUNITY COST). Upon completion, your scores will be reported to your teacher.

Student login page: https://bts.stlouisfed.org/student/

VI. Page 28 Chapter 1 Review Work

• 1-10 Letter & term only
• 18-28 Question & Answer

VII. Chapter 1 Test – No Notes

• Review old quizzes first

VIII. Section 2.1

A. Read the article below and summarize what happened, why it occurred, and its impact. 1/2 sheet

Mohammed Bouazizi

B, Page 33 Vocabulary (12)

C.  Page 41 #2-7

D. Copy Figure 2.1 page 38

 

 

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