ECONOMICS WEEK 1
8/27/07-8/31/07

CLASS

 Monday 8/27
Zero Schedule		 Tuesday 8/28
Schedule		 Wednesday 8/29
Schedule		 Thursday 8/30
Schedule		 Friday 8/31
Schedule
E Lesson 1 Lesson 2 X Lesson 3 Lesson 4
CHAPTER 1
CONCEPTS AND VOCABULARY

SCARCITY
CHOICE
RESOURCES
LAND
LABOR
CAPITAL
ENTRPRENEUR

 SHORTAGE
SURPLUS
GOODS
SERVICES
OPPORTUNITY COST
MARGINALISM
DECISION MATRIX

PRODUCTION POSSIBILITIES CURVE
TRADE-OFFS
UNDERUTILIZATION
LAW OF INCREASING COSTS
EFFICIENCY
GROWTH

 
LESSON IN CLASS HOMEWORK
Lesson 1 Read:  Online articles about Nerds versus Jocks, and Bill Gates' Wealth
Lesson 2
  • What is Economics?
  • Defining Wealth
Read: Chapter 1, Section 1.

Answer: Online Questions from Scarcity and the Factors of Production.

This worksheet is available online here and on Blackboard.

Answers must be in complete sentences and in your own words (IYOW).

This assignment is to be posted on the Blackboard Discussion Board  by midnight Sunday, September 2.
Lesson 3
  • Scarcity
  • The Factors of Production
 Read: Chapter 1, Section 2.

Answer: Online questions from Opportunity Cost.

This worksheet is available online here and on Blackboard.

Answers must be in complete sentences and in your own words (IYOW).

This assignment is to be posted on the Blackboard Discussion Board by midnight Sunday, September 2.
Lesson 4 Review Unit Vocabulary No homework. Labor Day!