Economics 9/10/14
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 selection, what are some of the things you would sacrifice related to the next best product or service you gave up?
II. SWD the ability to:
- Create examples of economic decisions identifying trade-offs and opportunity costs while examining the impact they have on the decision making process.
- Integrate and evaluate multiple sources of information in order to address a question or solve a problem.
III. Trade offs & Opportunity Costs Explained
https://www.reffonomics.com/TRB/chapter1/opportunitycost.swf
IV. Notebook Work –
A. Copy Diagram
V. Notebook Check Tomorrow
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