Economics – 9/17/14

I.  Bellwork 

A. Constitution Transparency

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.

Q&A

1. What goals in the Preamble do you believe include economic goals?
2. How might economic growth be related to posterity?

II. Objectives:

• Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
• Apply concepts and terminology related to scarcity, opportunity costs, and production functions

III. Turn in Review Sheet

IV. Turn in Target learning Sheet

V.  Chapter 1 Test

VI. NOTEBOOK WORK – Cartoon Interpretation Q&A

1.  What economic concept is the focus of the cartoon? Explain.   (See end of Section 1-2)

2. Describe what is happening in the  illustration below?

Economics F2014