ECONOMICS WEEK 2
9/4/07-9/7/07

CLASS

 Monday 9/3
LABOR DAY		 Tuesday 9/4
Schedule		 Wednesday 9/5
Schedule		 Thursday 9/6
Schedule		 Friday 9/7
Schedule
E NO CLASS Lesson 1 X Lesson 2 TEST
CHAPTER 1
CONCEPTS AND VOCABULARY

SCARCITY
CHOICE
RESOURCES
LAND
LABOR
CAPITAL
ENTREPRENEUR

 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
  • Opportunity Cost
  • Marginal Decision-making
  • Production Possibilities Curves
 Read: Chapter 1,Section 3. 

Answer: Key Terms 1-4
Applying Economic Concepts 5, 6
from Chapter 1, Section 2, page 11.  

Answers must be in complete sentences and IYOW.

This assignment is to be posted on the Blackboard Discussion Board  by midnight Sunday, September 9.
Lesson 2
  • Activity on Production Possibilities Curves.
  • Vocabulary Exercise
  • Unit Review

 
Answer: Key Terms 1-3
Applying Economic Concepts 4, 6
from Chapter 1, Section 3, page 18.

 Answers must be IYOW.

This assignment is to be posted on the Blackboard Discussion Board  by midnight Sunday, September 9.

Review Chapter One for test; use Textbook site practice quizzes and test.

 
Lesson 3

CHAPTER ONE TEST

 Bring:  Pencil for scantron test.

Turn in Chapter 1 Worksheet Packet.