HONORS ECONOMICS WEEK 1
8/27/07-8/31/07 |
CLASS |
Monday 9/10
Zero Schedule |
Tuesday 9/11
Schedule |
Wednesday 9/12
Schedule |
Thursday 9/13
Schedule |
Friday 9/14
Schedule |
F |
Lesson 1 |
Lesson 2 |
Lesson 3 |
X |
Lesson 4 |
G |
Lesson 1 |
Lesson 2 |
Lesson 3 |
Lesson 4 |
X |
H |
Lesson 1 |
X |
Lesson 2 |
Lesson 3 |
Lesson 4 |
|
CHAPTER 1 CONCEPTS AND VOCABULARY
SIX PRINCIPLES
CHOICE
OPPORTUNITY COST
RATIONAL
INCENTIVES
COST-BENEFIT ANALYSIS
LONG-TERM THINKING
INVESTMENT
PROFIT
IMPERFECT INFORMATION
MARGINALISM
TRADE CREATES WEALTH |
ADAM SMITH
MARKET SYSTEM
GOODS
SELF-INTEREST
FREEDOM OF CHOICE
PRIVATE PROPERTY
MARKETS
COMPETITION
LAISSEZ FAIRE
SPECIALIZATION
BARTER
FINANCIAL CAPITAL
INVISIBLE HAND
PRODUCTIVITY
CAPITAL RESOURCES
PRODUCTIVITY |
KARL MARX
MARKET FAILURES
EXTERNALITY
ASYMETRIC INFORMATION
BUSINESS CYCLES
INFLATION
UNEMPLOYMENT
EQUITY
LABOR VALUE
SUBSISTENCE
ALIENATION
SURPLUS VALUE
EXPLOITATION
SOCIALISM
PUBLIC OWNERSHIP
PUBLIC REGULATION
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LESSON |
IN CLASS |
ASSIGNMENTS |
Lesson 1 |
|
Read: Text, Chapter 1, pgs. 3-10, stop at “Principle
#7: Governments Can Sometimes…” |
Lesson 2 |
- Do You Think Like An Economist?
- The Big Six
--the basic principles of economics.
|
Read: for discussion purposes the articles on Adam Smith and
The
Wealth of Nations |
Lesson 3 |
- Adam Smith and Capitalism
|
QFR: # 4, 6, pg. 16 Answers must be IYOW.
This assignment is to be posted on
the appropriate Blackboard Discussion Board by midnight Sunday,
September 2.
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Lesson 4 |
- Adam Smith continued . . .
|
Read: for discussion purposes the articles on Karl Marx and
Das
Kapital PAA: # 16, pg 18
Answers must be IYOW.
This assignment is to be posted on the appropriate
Blackboard Discussion Board by Midnight, Sunday, September 2. |