Economics – 9/15/2015
I. Bellwork
- Read the Handout (What is Economics?) & Complete a 4 square
- Four Square
II. Objective
- Examine basic economic terms and concepts related to goods/services, paradox of value, and the flow of economic activity.
- Determine the meaning of words and phrases as they are used in a text
III. Blog and iLearn Basics Discussion
IV, Section 1-2 Notes and Discussion: Pages 12-16
A. Terms & Concepts
- Goods & Services
- Durable & Non Durable Goods
- Consumers & Consumer Goods
- Value = Scarcity + Utility
- Paradox of Value
- Wealth
- Factor market &Product Markets -Circular Flow
V. Notebook Work
- Copy & Label Figure 1-3 p15
VI. Quiz Thursday: Section 1-1, Section 1-2 & Procedures
VII. Exit ticket: List & Explain 3 things you learned today.
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