Economics – 12/19/14

I.  Bellwork :  Q&A

1. What is the topic of the graph?
2. What do the x-axis and y-axis represent?
3. What are some observations you can make based on the graph?
4. What do you foresee happening about 5 years from now?

II.  Objective:

• Explore the benefits and disadvantages associated with production (GDP) and consumption in a a market/capitalistic economy.
• Evaluate differing points of view on an issue by assessing the authors’ claims, reasoning, and evidence.

III. Economics Projects

1.  Must Do:  Economic Poster Board Project Instructions/Rubric (Due 1/07/15)

2. Extra Credit:  Video Project Directions on iLearn (Due 1/05/15)

Video Examples:

• https://www.youtube.com/watch?v=BjCY862Bu0U
•  https://youtu.be/CouzZNjuyRM

IV.  Classwork

A.  Power of the Market – The Pencil

• 3-5 Sentence Summary
• Explain the example used and what the main points Milton Friedman was attempting to make.

B.  Story of Stuff

• 6-10 Sentence Summary
• Explain the examples used in the video and the points made about each step in the materials economy.

 

Economics F2014