Today, we learned about economic systems and the circular flow of economic activity. We then took our first quiz on production possibilities curves. 2nd period ran short on time and will take a quiz tomorrow at the beginning of class.
Tomorrow, after a short activity covering the problems and benefits of both command and market economies, we will complete some practice on the circular flow and markets. Finally, if time allows, we will introduce marginal analysis. The students should expect a marginal analysis quiz on Thursday and a test on Friday.
Tomorrow, after a short activity covering the problems and benefits of both command and market economies, we will complete some practice on the circular flow and markets. Finally, if time allows, we will introduce marginal analysis. The students should expect a marginal analysis quiz on Thursday and a test on Friday.