Economics – 3/01/2016

I.   Bellwork

A.   Eminent Domain and Property Rights Q&A

  1. What do you believe is the authors intent/message?
  2. Identify two restrictions under which the government must operate when exercising eminent domain authority.
  3. Explain the two qualities a public good must have.
  4. Explain why private property rights are important.

II.  Objectives:

  • Determine the situations in which eminent domain can be applied and analyze the role of government in an economy in relation to individual economic freedom
  • Identify and discuss the key components of Free Enterprise Capitalism utilizing a thinking map

III. Chapter 2 – Test on Thursday

IV.   Notebook Work & Discussion:

  • Page 49 Copy Figure 2.3 – Characteristics of Free Enterprise Capitalism

2.3

V.   Video: Size and Growth of Government

VI.  Classwork

  • Page 48 Vocabulary (11)
  • Page 53 2-5 Questions & Answers


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