Agenda 9/18/12

Quiz: 

1.   Explain the difference between a SHIFT of the SUPPLY curve or a movement ALONG the curve.   Be sure to list at least 3 factors that cause a shift as explained in your text.

2.  Demand and Supply Curves, Surpluses and Shortages.
3.  HW:   Read Thru page 39

Agenda 9/17/12

1.  Bell Task:

 Draw a circular flow diagram that shows flow of payments in both the factor market and product market


2.   Discussion: 
Free Markets vs. Planned Economies

Marginal Utility
Circular Flow


3.   HW:  Read thru pg. 39

Agenda 9/14/12

1.  Capitalism vs. Socialism  Characteristics and Pros and Cons
2.  Review both Reading Packets
3.  HW:   Read thru page 34:  Supply and Demand Curves

Agenda 9/10/12

1.  Bell Task:   What are the advantages and disadvantages of Capitalism?
2.  Discussion:  The Benefits of Capitalism
3.  HW:   Read pages 1-10 of The Case for Socialism (on website)
Answer Questions 1-5 (Submit on Edmodo)

Agenda 9/7/12

1.  Bell Task:   Hurricanes and PPF curves.
Using a PPF describe what New Orleans' curve looked like before and after the hurricane.
Use Tourism and Infrastructure as your axes categories.
What do points inside, on, and outside the curve represent?
Where can you show opportunity costs?

2.  Discussion:
PPF
What, How, For Whom
Capitalism

3.  HW:  Finish Benefits of Capitalism Packet and questions.

Agenda 9/4/12

1.  Bell Task:
a.   Describe each of the 4 factors of production.

b.   How do planned economies and free market ones answer the following production questions:  What, How, and For Whom do we produce?

2.  Introduction to economics
3.  Production Possibilties Frontiers
4.  HW:   Read pages 1-10 of Benefits of Capitalism Packet

8/31/12

1.  Bell Task:  Desert Island Scenario

a.       If you were stranded on an island alone, would economics be a factor?  How would adding 5 more individuals change things.

b.      Make a list of decisions you would have to make.

c.       How can we connect this list to economics?

2.  Edmodo.com
3.  What is Economics Diagram
4.   Introduction to Economics
What, How, and For Whom to produce.
Production Possibilties Frontier:   Hurricane Scenario

HW:  Read through pg. 11