Economics – 2/04/2015

I.  Bellwork :

A.  Read Page 18 Write Questions & Answers

1. What did Adam Smith conclude about the division of labor?
2. What is government’s role in the economy according to Adam Smith?
3. Explain what  you believe government’s role in the economy should be?
4. How did Smith believe the wealth of nations should be measured?

II.  Objective

• Explore and identify methods that successfully increased productivity and economic growth.
• Discuss how factor and product markets react to an increase in productivity and the impact of the early auto industry on society.
• Determine the central ideas or information of a primary or secondary source.

III. 1-2 Remaining Topics

• Economic Growth, Productivity, & Human Capital
• Division of Labor & Specialization 
• Economic Interdependence

IV.  Notebook

A.  Video – Fordism 1920s USA

• Create a circle map with some of the methods Ford implemented to increase productivity and the impact it had on his workers

V.  Quiz Tomorrow: Section 1-1, Section 1-2 & Procedures

• Section 1-2 Flash Card Review

VI.  Classwork

Guided Reading Activity1-2

Exit Ticket Q&A: 

• What things are you confident you know for the quiz tomorrow?
• What things do you still need to review for the quiz tomorrow?

Economics W2015