Economics SS – 6/30/14

I. Objectives:

• Identify economic goals which are used to evaluate economic performance.

• Examine and discuss the role of government in an economy.
• Identify the characteristics of a free enterprise economy and the roles of entrepreneurs, government, and consumers.

II. Copy the diagram: –Economic Goals & Examples

A. Provide Examples for each Pgs 44-45

• Economic Equity (4)
• Economic Security (4)
• Full employment (1)
• Price Stability (1)
• Economic Growth (1)
• Economic Freedom (5)
• Economic Efficiency (1)

B. 2.2 Classwork

•  2.2 Vocabulary (6)
• Guided Reading 2.2

III. Test Review

• 2.1 Flashcards
• 2.2 Flashcards

IV. 2-1 and 2-2 Quiz on iLearn

V. Section 2-3
A. Page 48 Vocabulary (11)
B. Page 53 2-7 Q&A

VI. Chapter 2 Review

A. Page 56 Write Out 1-8
B. Page 56 17-23 Q&A

VII.   Classwork- Shark Tank: https://abc.go.com/shows/shark-tank/episode-guide/season-05/515-swimzip-fitdeck-lifecaps-freshly-picked

A.  Write down these questions to answer for each entrepreneur and turn them in today.

1. What is the product/service or idea being presented?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. Explain your opinion on the product and deal that was or wasn’t made. 1-2 sentences

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