ECONOMICS WEEK 4
9/17/07-9/21/07

CLASS

 Monday 9/17
Schedule		 Tuesday 9/18
Schedule		 Wednesday 9/19
Schedule		 Thursday 9/20
Schedule		 Friday 9/21
Schedule
E X Lesson 1 Lesson 2 Lesson 3 X
CHAPTER 2
CONCEPTS AND VOCABULARY
ECONOMIC SYSTEMS
THE 3 ECONOMIC QUESTIONS
FACTOR PAYMENTS
ECONOMIC GOALS
EFFICIENCY
SECURITY
FREEDOM
EQUITY
GROWTH
STABILITY
SAFETY NET
STANDARD OF LIVING
TRADITIONAL ECONOMY
MARKET ECONOMY		 FREE MARKET
SPECIALIZATION
HOUSEHOLD
FIRM
FACTOR MARKET
PROFIT
PRODUCT MARKET
CIRCULAR FLOW
ADAM SMITH
SELF-INTEREST
INCENTIVE
COMPETITION
INVISIBLE HAND
CONSUMER SOVEREIGNTY
COMMAND ECONOMY

KARL MARX
SOCIALISM
COMMUNISM
AUTHORITARIAN
COLLECTIVE
HEAVY INDUSTRY
CORRUPTION
LAISSEZ FAIRE
FREE ENTERPRISE
PRIVATE PROPERTY
TRANSITION
PRIVATIZATION
FLOWCHART
MIXED ECONOMY
LESSON IN CLASS HOMEWORK
Lesson 1

 

 

 GRQ Packet: "The Free Market"; "Economic Cartoons:  Equity"

Read: Chapter 2, Section 3. 

Answer: Discussion Board on Adam Smith.

Key Terms 1-4, Applying Economic Concepts 5 from Chapter 2, Section 3, page 38.

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, September 23.
Lesson 2

GRQ Packet: "The Communist Manifesto"; "Centrally Planned Economies"

Read: Chapter 2, Section 4.

Answer: Discussion Board on Karl Marx.

Key Terms 1-4, Applying Economic Concepts 5 from Chapter 2, Section 4, page 44

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, September 23. 
Lesson 3

GRQ Packet: "Modern Economies"

Answer: Discussion Board on Other People's Money

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, September 23.

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