Economics – 2/01/13
I. Bellwork
Question & Answer
Explain what is happening in the picture and why it is occurring.
II. Objective
- Define economics and its fundamental principles
- CCSS.ELA-Literacy.RH.11-12.4 Determine the meaning of words and phrases as they are used in a text.
III. Discuss: The Fundamental Economic Problem pages 1-8
- Scarcity & Choice Video
- Factors of Production
- TINSTAAFL
IV. Notebook Work – Copy
V. Classwork:
- Page 5 Vocabulary (12)
- Guided Reading Activity1-1- Q&A
- How confident are you that you know the concepts? 1= Low 5= High
Leave a Reply