Monday, February 9, 2015

Post date: Feb 09, 2015 7:2:22 PM

Student work was passed back (notes from sections 1.1-1.4). If you have not yet turned these notes in, please do so as soon as possible.

In class, we finished going over the PPC packet that was started on Friday.

We then discussed Adam Smith's role in economic theory as well as the notion of the "Invisible Hand." (see section 1.4 in your notes).

Students watched the following clip about Malcolm Gladwell, and after viewing the video, answered the following questions:

1. According to Gladwell, what influences market fluctuations in the food industry?

š2. How has the food industry changed in regards to its “economic thinking”?(Hint: examine the 3 questions of economic thinking – 1.1)

š3. How does this TED Talk relate to the Invisible Hand?

This writing assignment was then turned in.

Homework:

1. Bring your economics textbook to class tomorrow.