{"id":9440,"date":"2013-09-12T00:05:56","date_gmt":"2013-09-12T04:05:56","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=9440"},"modified":"2013-09-12T22:06:22","modified_gmt":"2013-09-13T02:06:22","slug":"economics-91213","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2013\/09\/12\/economics-91213\/","title":{"rendered":"Economics &#8211; 9\/12\/13"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork:<\/strong><\/p>\n<p>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.<\/p>\n<p><b>Questions &amp; Answers<\/b><\/p>\n<p>1.\u00a0 What is the trade off associated with signing the young players?<br \/>\n2.\u00a0 Explain the opportunity cost associated with signing the young players?<\/p>\n<p><strong>II.\u00a0 Objective:<\/strong><\/p>\n<ul>\n<li>Demonstrate how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.<\/li>\n<li>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. <a href=\"https:\/\/www.contentextra.com\/bacconline\/bacContentFiles\/EconomicFiles\/Worksheets-PDF\/Worksheet11TheEconomicsofZooKeeping.pdf\">The Economics of Zoo Keeping Class Project<\/a><\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/09\/Zoo-animals-acre.doc\">Zoo animals acre<\/a><\/li>\n<li>Construct a zoo and answer the 8 questions contained in the links above.<\/li>\n<\/ul>\n<p><strong>IV.\u00a0 Exit Ticket:<\/strong><\/p>\n<p>A.\u00a0 Questions<\/p>\n<ol start=\"1\">\n<li>Write a brief summary of what you learned today.<\/li>\n<li>Explain how you may apply what you learned to your life?<\/li>\n<li>Is there anything you had difficulty with or still do not understand?\u00a0 Explain<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 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 &amp; Answers 1.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-9440","post","type-post","status-publish","format-standard","hentry","category-economics-fall-2013"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/9440","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=9440"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/9440\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=9440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=9440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=9440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}