Next week's agenda

Monday: Economic Fundamentals Test
Tuesday: Review Test and Introduce Demand
Wednesday: Elasticity of Demand introduction and news discussion with a probable quiz
Thursday: Introduce Supply and news discussion
Friday: Market behavior and market activity with a probable quiz

Test Monday

Review

A graphic organizer (helpful for some people)

Notes on PPCs (helpful for some people)

Notes on the Circular Flow (helpful for some people)

Introduction to Economics Notes (helpful for those same people)

Youtube review (helpful for most people)

AC/DC economics



mjmfoodie economics



Crash Course Economics (in progress)

Test moved to Monday

In an attempt to have time for our economic system simulations, I have moved our first test to Monday. It will cover:
Scarcity
Tradeoffs
Opportunity Cost
Factors of Production
Economic Systems
The Circular Flow of Economic Activity
Marginal Analysis

Economic Systems, the Circular Flow, and PPC Quiz

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.

Production Possibilities and Economic Systems

Today we covered the production possibilities curve, how it represents opportunity cost, and how it relates to marginal analysis. We also looked at how development, disease, and disasters can affect the curve.

We also had a short activity in which students pretended that they were stranded on the Alaskan coast and had to survive. Tomorrow, we will debrief this activity and use it to learn the basics of economic systems.

Welcome to Economics

I hope that each of you finds this class informative and entertaining

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