Economics – 1/26/2016
I. Bellwork: Complete and Turn in Learning Goal Sheet
II. Objectives:
- Review and discuss topics covered on the final exam.
- Analyze economic problems and construct written responses which explain the issues and provide accurate solutions
III. Turn in Your Books after school today or receive a $100 delinquency’
IV. What to study:
- Final Exam Review Sheet
- Economics – Post Test
- Today’s classwork
V. Classwork
A. Page 444 – Gains from Trade- Understand the Graph
- How much of each product would each country produce before specialization?
- How much of each product would each country produce after specialization?
- Determine the net effect of specialization.
B. Short Answer/Essay Review: Final Exam Questions (20 points)
C. Problem: (20 Points) – Create and label graph – identify surplus, shortage & equilibrium
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