Agenda 8/31/11

1. Discussion Section 1
2. HW: Finish: Teaching the Benefits of Capitalism

Agenda 8/30/11

1. Bell Task: Discuss the importance of the price mechanism and the rationing mechanism.
2. Discussion Section 1
3. HW: Read Teaching the Benefits of Capitalism
Answer Forum Questions on separate piece of paper.

Agenda 8/29/11

1. Bell Task: Compare and contrast a market economy with a planned economy.

2. Discussion Section 1: Economic Systems
3. Exercise: Hurricane Irene and PPFs
4. HW: Finish Section 1
a. Begin article: Teaching the Benefits of Capitalism (thru top of page 5)

Agenda 8/26/11

1. Bell Task: PPF
a. Using this diagram, discuss the concepts of opportunity costs, efficiency, and factors of production.

Can we ever get to point E? How?

2. Discussion: PPF Curves
3. HW: Read through page 66

Agenda 8/24/11

1. Bell Task:
Explain the concept diminishing marginal utility.

How do PPF's demonstrate the concept of opportunity costs?

2. Discussion Section 1: Marginal Utility and PPFs
3. HW: Read through pg.52

Agenda 8/23/11

1. Bell Task: Compare and contrast development vs. sustainable development
2. Intro: What is economics?
3. Thomas Sowell: Basic Economics
4. HW: Read through page 37

Agenda 8/22/11

1. Bell Task: What are some economic questions that you wonder about?
2. Discussion: Thomas Sowell, Basic Economics
3. HW: Read through page 21.