{"id":10410,"date":"2014-09-11T21:31:57","date_gmt":"2014-09-12T01:31:57","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=10410"},"modified":"2014-09-16T21:47:22","modified_gmt":"2014-09-17T01:47:22","slug":"economics-91214","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2014\/09\/11\/economics-91214\/","title":{"rendered":"Economics &#8211; 9\/12\/14"},"content":{"rendered":"<p><strong>I. Bellwork<\/strong><\/p>\n<p>List all of the choices (Trade-offs) you could do upon graduating from high school. Narrow it down to two choices. Identify your final choice. Identify and <strong>explain<\/strong> the details associated with the opportunity cost. Provide a diagram outlining each of the parts.<\/p>\n<p><strong>II. SWD:<\/strong><\/p>\n<ul>\n<li>how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.<\/li>\n<li>the ability to make decisions involving trade-offs and opportunity costs explaining \u00a0the factors which influence their decision in relation to those economic concepts<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Discussion Section 1-3 pages 19-20<\/strong><\/p>\n<p><strong>A.\u00a0 Identifying Trade-offs and Opportunity Costs Pgs 19-23<\/strong><\/p>\n<p>1.\u00a0 <a href=\"https:\/\/www.youtube.com\/watch?v=PSU-_n81QT0&amp;list=PL336C870BEAD3B58B&amp;index=7&amp;feature=plpp_video\">Short Video On Opportunity Costs\/Trade Offs<\/a><\/p>\n<p><strong>B.\u00a0 Production Possibilities Frontier Pgs 21-23<\/strong><\/p>\n<ol>\n<li><strong>\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><strong><a href=\"https:\/\/youtu.be\/83m0_pCky50\">Production Possibilities Curve<\/a> <\/strong><\/li>\n<li><strong>\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=iEpgSkzXuT8\">Production Possibilities Curve II<\/a> <\/strong><\/li>\n<\/ol>\n<p>3. <a href=\"https:\/\/www.reffonomics.com\/TRB\/chapter1\/ppinteractive.html\">Production-possibilities Curve, I<\/a><\/p>\n<p><strong>IV.\u00a0 Notebook Work<\/strong><\/p>\n<p>A. Copy the Schedule Below<\/p>\n<ul>\n<ul>\n<li>Label and plot the Production Possibility Frontier Curve<\/li>\n<li>Write &amp; Answer the two questions below<\/li>\n<\/ul>\n<\/ul>\n<ol>\n<li>Describe 3 situations which would cause production to be inside of the curve.<\/li>\n<li>Describe 3 situations which would cause production to be outside the curve.<\/li>\n<\/ol>\n<table>\n<tbody>\n<tr>\n<td width=\"105\"><strong>Military Goods (Guns)<\/strong><\/td>\n<td width=\"46\">5000<\/td>\n<td width=\"48\">4800<\/td>\n<td width=\"48\">4500<\/td>\n<td width=\"48\">4000<\/td>\n<td width=\"54\">3300<\/td>\n<td width=\"40\">2000<\/td>\n<td width=\"36\">0<\/td>\n<\/tr>\n<tr>\n<td width=\"105\"><strong>Consumer Goods (Butter)<\/strong><\/td>\n<td width=\"46\">0<\/td>\n<td width=\"48\">1000<\/td>\n<td width=\"48\">2000<\/td>\n<td width=\"48\">3000<\/td>\n<td width=\"54\">4000<\/td>\n<td width=\"40\">5000<\/td>\n<td width=\"36\">6000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>V.\u00a0\u00a0 Review for Test on Tuesday\u2013 <a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/02\/Chapter-1-Review-Sheet.doc\">Chapter-1-Review-Sheet<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I. Bellwork List all of the choices (Trade-offs) you could do upon graduating from high school. Narrow it down to two choices. Identify your final choice. Identify and explain the details associated with the opportunity cost. Provide a diagram outlining each of the parts. II. SWD: how scarcity and opportunity costs are present in economic [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-10410","post","type-post","status-publish","format-standard","hentry","category-economics-f2014"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=10410"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10410\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=10410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=10410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=10410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}