HONORS ECONOMICS WEEK 2
8/31 - 9/4

CLASS

 Monday 8/31
Schedule		 Tuesday 9/1
Schedule		 Wednesday 9/2
Schedule		 Thursday 9/3
Schedule		 Friday 9/4
Schedule
H Lesson 1 Lesson 2 X Lesson 3 Lesson 4
UNIT 1 CONCEPTS AND VOCABULARY
Unit 1 Notes Unit 1 Powerpoint

 SCARCITY
CHOICE
RESOURCES
CAPITAL
LAND
LABOR
POSITIVE/OBJECTIVE
NORMATIVE/SUBJECTIVE
RATIONING
TRADE-OFFS
OPPORTUNITY COST

 PROFIT
UTILITY
INVESTMENT
MARGINAL
CETERIS PARIBUS
BIAS
POST HOC FALLACY
FALLACY OF COMPOSITION
MICROECONOMICS
MACROECONOMICS
PRODUCTION POSSIBILITIES		 FULL EMPLOYMENT
FULL PRODUCTION
TECHNOLOGY
TRADE
INVENTION
INNOVATION
MASS PRODUCTION
DIVISION OF LABOR
SPECIALIZATION
CAPITALISM
SOCIALISM
LESSON IN CLASS HOMEWORK
Lesson 1
  • The Basic Principles of Economics
    • Scarcity
    • Choice
    • Profit Motive
    • Rational Behavior
    • Marginal Thinking
    • Imperfect Information
  • Four Fundamental Questions
 Homework:  Read Textbook, Chapter 1, pp. 20-26, and Chapter 2, pp. 46-47, "Economic Organization"
Lesson 2 Due: Brief Assignment 1 - The Campus Parking Project

Answers must be In Your Own Words.

This MUST be turned in at the END of class -- any assignment turned after class will be penalized 1 point.

Homework:  Read Textbook, Chapter 2, pp. 28-33, stop at “The Importance of Property Rights” , and pp. 38-46, stop at "Economic Organization"
Lesson 3
  • Four Fundamental Questions
    • Economic Goals
    • Economic Systems
  • Theory
    • Objective/Positive
    • Subjective/Normative
  • Pitfalls to Economic Theory
    • Bias
    • Post Hoc
    • Composition
  • Models
    • Relationships
    • Graphs
 Bring:  Pencil for PPF Worksheets

Homework: Read the online synopsis of Economics U$A #1
Lesson 4
  • Production Possibilities Frontiers
    • Full Production
    • Full Employment
    • Maximum Efficiency
    • Growth
      • Technology
      • Trade
      • Resources
  • Economics U$A #1
 Bring:  Pencil for Video Quiz

 Homework:  Viewpoint Assignment 1 - Education or Food?

Graphs must be In Your Own Handwriting; Answers must be In Your Own Words.

This assignment will be due at the beginning of class on TUESDAY, September 8.