HONORS ECONOMICS WEEK 4
9/14 - 9/18

CLASS

 Monday 9/14
Schedule		 Tuesday 9/15
Schedule		 Wednesday 9/16
Schedule		 Thursday 9/17
Schedule		 Friday 9/18
Schedule
H Lesson 1 X Lesson 2 Lesson 3 Lesson 4
UNIT 2 CONCEPTS AND VOCABULARY
Unit 2 Notes Unit 2 Powerpoint

TRADITIONAL
BARTER
TRANSACTION COSTS
COINCIDENCE OF WANTS
CAPITALISM
PRIVATE PROPERTY
LAISSEZ FAIRE
ENTREPRENEUR
INVENTION
INNOVATION
MASS PRODUCTION
DIVISION OF LABOR
SPECIALIZATION
CIRCULAR FLOW

 FINANCIAL CAPITAL
CONSUMER SOVEREIGNTY
HOUSEHOLD
RESOURCE MARKET
PRODUCT MARKET
REVENUE
INCOME
WAGES, RENT, INTEREST
BUSINESS FIRM
LIABILITY
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
BOARD OF DIRECTORS

CEO, CIO, COO, and CFO
REINVESTMENT
COMMERCIAL PAPER
 BOND
PUBLIC OFFERING
UNDERWRITER
STOCK
CAPITAL GAIN
DIVIDEND
FUNDAMENTAL ANALYSIS
TECHNICAL ANALYSIS
INVESTOR
SPECULATOR
SHORT SELL
LESSON IN CLASS HOMEWORK
Lesson 1 Due: Brief Assignment 2 - Drill, Baby, Drill?

Answers must be In Your Own Words.

This MUST be turned in at the beginning of class BEFORE Tech Time is over--any assignment turned in after class will be penalized 1 point.

Homework:  Read Textbook, Chapter 2, pp. 35-38, "Property Rights"

For discussion purposes read the articles on Adam Smith and The Wealth of Nations

Watch Pocahontas clip.
Lesson 2
  • Adam Smith
  • Capitalism
    • Self-interest
    • Private Property
    • Freedom of Choice
    • Markets
    • Competition
    • Laissez-Faire

Homework: Read the online synopsis of MASH
Lesson 3
Lesson 4
  • Econo Simulation
  • The Circular Flow

Homework: Brief Assignment 3 - Who Should Own the Roads?

Read both the Pro and Con Articles.

REVIEW THE BRIEF INSTRUCTIONS  BEFORE YOU BEGIN THIS ASSIGNMENT.

Answers must be In Your Own Words.

This assignment is to be handed in at the beginning of the class period on TUESDAY, September 22.

Read: Textbook, Chapter 3, pp. 76-79, "The Invisible Hand Principle"