{"id":12137,"date":"2016-02-15T22:34:33","date_gmt":"2016-02-16T03:34:33","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=12137"},"modified":"2016-04-03T17:09:42","modified_gmt":"2016-04-03T21:09:42","slug":"economics-21616","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2016\/02\/15\/economics-21616\/","title":{"rendered":"Economics &#8211; 2\/16\/16"},"content":{"rendered":"<p><strong> I. \u00a0 Bellwork\u2013<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/09\/cartoon-market-flow.jpg\" rel=\"attachment wp-att-10417\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10417\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/09\/cartoon-market-flow.jpg\" alt=\"cartoon market flow\" width=\"386\" height=\"262\" \/><\/a>Compare the cartoon to the Circular Flow diagram <strong>Figure 1-3 on page 15<\/strong><\/li>\n<\/ul>\n<p><strong>Q &amp; A<\/strong><\/p>\n<ol>\n<li>Describe how the diagrams differ?<\/li>\n<li>Explain the message of this cartoon?<\/li>\n<li>What is your opinion of the cartoon?<\/li>\n<\/ol>\n<p><strong> II.\u00a0 Objectives \u2013 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. <\/strong><strong>Production Possibilities Frontier Pgs 21-23<\/strong><\/p>\n<p>A.\u00a0 <a href=\"https:\/\/www.youtube.com\/watch?v=O6XL__2CDPU\">Production Possibilities Curve- Econ 1.1<\/a><\/p>\n<p>B. <a href=\"https:\/\/youtu.be\/FwPiWz1a1Tw\">Shifting the Production Possibilities Curve (PPC)<\/a><\/p>\n<p><strong>IV.\u00a0 Classwork<\/strong><\/p>\n<p>A. PPF Analysis Q&amp;A<\/p>\n<ol>\n<li>Pg 21 Figure 1.6 Economic Analysis<\/li>\n<li>Pg 22 Figure 1.7 Economic Analysis (Start at Point B)<\/li>\n<li>Pg 22 Figure 1.8 Economic Analysis<\/li>\n<\/ol>\n<p>B.\u00a0 Copy the Schedule Below<\/p>\n<ol>\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<\/ol>\n<p>C.\u00a0 Describe 3 situations which would cause production to be inside of the curve.<\/p>\n<p>D.\u00a0 Describe 3 situations which would cause production to be outside the curve.<\/p>\n<table width=\"571\">\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>V.\u00a0\u00a0 <strong>Review for Test on Wednesday<\/strong><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/02\/Chapter-1-Review-Sheet.doc\"><strong>Chapter-1-Review-Sheet<\/strong><\/a><strong> due Wednesday (summative extra credit points)<\/strong><\/p>\n<ul>\n<li><strong>Review iLearn Quiz<\/strong><\/li>\n<li><a href=\"https:\/\/www.flashcardmachine.com\/2414364\/g1t4\"><strong>Section 1-2 Flash Card Review<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.flashcardmachine.com\/p\/Section11\"><strong>Section 1-1 Review<\/strong><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I. \u00a0 Bellwork\u2013 Compare the cartoon to the Circular Flow diagram Figure 1-3 on page 15 Q &amp; A Describe how the diagrams differ? Explain the message of this cartoon? What is your opinion of the cartoon? II.\u00a0 Objectives \u2013 SWD: how scarcity and opportunity costs are present in economic decisions by constructing a production [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[],"class_list":["post-12137","post","type-post","status-publish","format-standard","hentry","category-economics-w2016"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/12137","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=12137"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/12137\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=12137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=12137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=12137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}