Economics -6/27/14

I. Objective:

• Identify the characteristics of command, traditional, and market economies and examine how these are employed under different governmental systems.
• Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
• Identify economic goals which are used to evaluate economic performance.
• Cite incidents in which conflicts result from the methods used to achieve economic goals
• Determine the meaning of words and phrases as they are used in a text

II. Finish Copying Figure 2.1 page 38

III. 2-1Classwork

A.    Title each & write the Questions & Answers for each activity below:

1. Traditional Economies Primary and Secondary Sources Workbook
2. Economic System for Survival
3. Cafeteria
4. Tetris – No Place for Entreprenuership-1

III.  Clips from Moscow on the Hudson

Summary:  What was the difference in the two economies and societies in the movie?  Provide examples.  1/2 page

IV.  Figure 2.2 Spectrum of Mixed Economies

V Review Section 2.1

• 2.1 Flashcards

VI.  Discussion : 2-2 Evaluating Economic Performance pgs. 43-46

A.  Classwork

1.   Section 2.2 –Economic Goals & Examples
B.  Conflicting Economic Goals and Resolutions

• Minimum Wage – What is the cost
• Blocked_by_bureaucracy/ – 1-3 Questions & Answers
• Eminent Domain and Property Rights 1-3 Questions & Answers
• .  2.2 Vocabulary (6)
• Guided Reading 2.2

VII.  Discussion topics

• Economic Freedom
• Minimum Wage – History &  States
• Michigan Lemon Law
• Right of Rescission
• Property Rights Video

VIII.  Economic Goals and Examples (See Notes)

• 2.2 Flashcards

IX.  2-1 & 2-2 Test

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