{"id":17496,"date":"2019-09-09T06:39:48","date_gmt":"2019-09-09T10:39:48","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17496"},"modified":"2019-09-09T06:39:51","modified_gmt":"2019-09-09T10:39:51","slug":"economics-9-09-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/09\/09\/economics-9-09-19\/","title":{"rendered":"Economics &#8211; 9\/09\/19"},"content":{"rendered":"\n<p>I. &nbsp; Bellwork: Follow the directions below:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>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.<\/li><li>Now narrow the list to the top two choices<\/li><li>Now list the item or service you would purchase.<\/li><li>Describe some of the things you would sacrifice (opportunity cost) related to the next best product or service you gave up?<\/li><\/ul>\n\n\n\n<p>II.&nbsp; Objectives \u2013 SWD:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.<\/li><li>the ability to make decisions involving trade-offs and opportunity costs explaining&nbsp; the factors which influence their decision in relation to those economic concepts<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Trade offs &amp; Opportunity Costs Explained<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><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><\/li><li><a href=\"https:\/\/youtu.be\/hR5E7Y4Dxuc\">Opportunity Cost Video Examples<\/a><\/li><li><a href=\"https:\/\/www.economist.com\/blogs\/graphicdetail\/2014\/06\/daily-chart-1\">https:\/\/www.economist.com\/blogs\/graphicdetail\/2014\/06\/daily-chart-1<\/a><\/li><\/ul>\n\n\n\n<p>IV. &nbsp; Notebook Work \u2013&nbsp; Copy Diagram<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/EPeGPWWnLF71kEt4sGOXYCTYtwtHEc_RSS4felqAS_tAy2sHVtXnGztM-EW-t23l_x72lREEJOeXzuTmA_kuWtfsP7uNSKILyIb0oKE-tZ9B3P5Fp7DzoUmhDJXFs2AQc8lWoxcn\" alt=\"\"\/><\/figure>\n\n\n\n<p>V. &nbsp; Discussion Production Possibilities Frontier Pgs 21-23<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.youtube.com\/watch?v=O6XL__2CDPU\">Production Possibilities Curve- Econ 1.1<\/a><\/li><li><a href=\"https:\/\/youtu.be\/FwPiWz1a1Tw\">Shifting the Production Possibilities Curve (PPC)<\/a><\/li><\/ul>\n\n\n\n<p>VI. &nbsp; Classwork\/Homework<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Copy the Schedule Below<ul><li>Label and plot the Production Possibility Frontier Curve<\/li><li>Write &amp; Answer the two questions below<\/li><\/ul><\/li><li>Describe 3 situations which would cause production to shift inside of the curve.<\/li><li>Describe 3 situations which would cause production to shift outside the curve.<\/li><\/ol>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><strong>Military Goods (Guns)<\/strong><\/td><td>5000<\/td><td>4800<\/td><td>4500<\/td><td>4000<\/td><td>3300<\/td><td>2000<\/td><td>0<\/td><\/tr><tr><td><strong>Consumer Goods (Butter)<\/strong><\/td><td>0<\/td><td>1000<\/td><td>2000<\/td><td>3000<\/td><td>4000<\/td><td>5000<\/td><td>6000<\/td><\/tr><\/tbody><\/table>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>I. &nbsp; Bellwork: Follow the directions below: 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 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-17496","post","type-post","status-publish","format-standard","hentry","category-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17496","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=17496"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17496\/revisions"}],"predecessor-version":[{"id":17497,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17496\/revisions\/17497"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}