I.  Bellwork A.  List and explain an event that has impacted the economy in Michigan. II.  Objectives · Describe the four phases of the business cycle · Explain causes of inflation and deflation · Identify the importance of interest rates III.  Economic Conditions – Chapter 2-2 pgs 38-42 A.  The Business Cycle and Characteristics 1. […]

I.  Bellwork  A.  List two ways to motivate a worker to increase productivity. II.  Objectives: Describe gross domestic product Describe economic measures of labor Identify economic indicators for consumer spending III.  Chapter 2 – Measuring Economic Activity pgs 35-37 A.  Gross Domestic Product – Define   1. How is it used?   2.  Components    […]

I.  Bellwork Pg 30 Questions & Answers #35 A-C II.   Chapter 1 Test III.  Classwork A.  Supply & Demand Curve #4 IV.  Play Third World Farmer

I.  Bellwork What is your opinion on government controlled public health care?  Explain your stance. II.  Classwork – Shark Tank A.  Questions to answer for each person 1.  What is the product or service? 2.  What is the entrepreneur asking for and what are they willing to give up? 3.  What decision was made? 4.  […]

I.  BellworkWould you say that the United States has a market or a mixed economy? Support for your answer. II.  Review for Chapter 1 Test – Tomorrow WebSite Study Tools III.  ClassworkA.  Pg 29 11-30 – Term followed by DefinitionB.  Pg 30 Question 31 A-C

I.  Bellwork A.  Provide an example of a situation when your demand for a product was influenced by the price or quality of a product and explain your decision II.  Objectives: Describe how supply and demand affect prices of products and services Review Chapter 1 material III. Classwork A.  Supply & Demand Worksheet #3-#4 –supply-demand […]

I.  Bellwork  A.  Explain the quote:The forces in a capitalist society, if left unchecked, tend to make the rich richer and the poor poorer. – J. Nehru II.  Objectives: Describe Supply and Demand Describe how supply and demand affect prices of products and services III. 1-4 Supply and Demand  A.  Parties in a market economy    […]

I.  BellworkA. Article Summary Identify the who, what, why, when, and where? Summarize the article in 20-30 words II. Objectives Identify the 3 Economic Decisions Differentiate among the main types of economic decisions Describe the characteristics of the economic system of the United States III.  1-3 Economic Decisions A.  3 Economic Questions   1.   […]

I.  BellworkA.  Write about an economic decision you made recently and identify the trade off and opportunity costs involved. II.  Section 1-1 Quiz III.  Objectives:  Identify the choices and decisions entrepreneurs and inventors face when attempting to create and distribute products and services. IV.  Video Shark Tank Video – Episode 1  A.  Questions to answer […]

I.  Bell Work: A.  List the 3 types of economic resources and provide an example for each II.  Review Section 1-1 – Quiz Tomorrow III.  Objectives: Understand the basic economic problem Explain the steps in the decision making process IV.  Section 1-2 Economic Choices (Notebook Discussion) A.  Basic Economic Problem 1.  What is it? 2.  […]