Economics – 9/17/15
I. Bellwork:
A. Read Page 18 Write Questions & Answers
- What did Adam Smith conclude about the division of labor?
- What is government’s role in the economy according to Adam Smith?
- Explain what you believe government’s role in the economy should be?
- How did Smith believe the wealth of nations should be measured?
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
- https://www.economist.com/blogs/graphicdetail/2014/06/daily-chart-1
IV. Notebook Work – Copy Diagram
V. Notebook Check Today
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