Economics – 3/01/17
I. Bellwork
A. Eminent Domain and Property Rights Q&A
- What do you believe is the authors intent/message?
- Identify two restrictions under which the government must operate when exercising eminent domain authority.
- Explain the two qualities a public good must have.
- 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 Friday (Start Reviewing)
IV. Notebook Work & Discussion:
- 2.3 Flashcards
- Page 49 Copy Figure 2.3 – Characteristics of Free Enterprise Capitalism
V. Classwork
- Page 48 Vocabulary (11)
- Page 53 2-5 Questions & Answers
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