I.  Bellwork Page 38  Figure 2.1  Economic Analysis Q&A Page 40  Figure 2.2 Economic Analysis Q&A II. Objective: Identify economic goals which are used to evaluate economic performance. Cite incidents in which conflicts result from the methods used to achieve economic goals Determine the meaning of words and phrases as they are used in a […]

I.  Bellwork  Traditional Economies Primary and Secondary Sources Workbook An Economy of Sharing 1-3 & 5 Q&A II. Objective: Identify the characteristics of command, traditional, and market economies and examine how these are employed under different governmental systems. Determine the central ideas or information of a primary or secondary source; provide an accurate summary that […]

I.  Bellwork Read, Discuss and Analyze the articles provided: The Boston Tea Party Mohammed Bouazizi           1.  For each article explain what happened and how it relates to economics. II. Objective Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. Identify the characteristics of command, traditional, and market economies […]

I.  Bellwork– Page 29 Q&A #34  a, b & c Show your work for A & B, explain C II.  Objective: Apply understanding of basic economic concepts such as scarcity, the flow of economic activity, and decision making models used to demonstrate trade-offs such as the production possibilities frontier on an assessment. Provide an accurate […]

I.  Bellwork– Page 28 Q&A #18, 22, 24 & 28 II.  Objective: Construct a production possibilities frontier and analyze various situations which would cause deviations to operating at capacity. Evaluate various explanations for actions or events and determine which explanation(s) best accords with textual evidence. III.  Notebook Work Copy the Schedule Below Label and plot […]

I. Bellwork A. Use the graphic below as an outline for what you plan on doing after school today. You must have at least 3 trade-offs. II. Objective Examine economic decisions and how economic models, such as the production possibilities frontier, are used in the decision making process. Determine the meaning of words, phrases, and […]

I.  Bellwork: A professional baseball team has only enough money to sign either one superstar or three young players. The superstar could help the team win the championship this year but would not be with the team long. The young players are talented but not yet ready for the major leagues. Questions & Answers 1.  […]

I.  Bellwork: If you had up to $100 to spend on only one product or service, make a list of at least 4 possible products or services you would consider purchasing with the $100. Now narrow the list to the top two choices Now list the item or service you would purchase. By making your […]

I.  Bellwork : A.  Page 18 Write Questions & Answers What did Adam Smith conclude about the division of labor? What is government’s role in the economy according to Adam Smith? Explain what  you believe government’s role in the economy should be? How did Smith believe the wealth of nations should be measured? II.  Objective […]