Thursday, February 5, 2015

Post date: Feb 06, 2015 8:42:31 PM

The homework assigned from Tuesday was collected (1.1-1.4 notes, questions from the textbook assigned last week).

In class, we reviewed key terms from 1.1-1.2 using a PowerPoint, the focus of which was "economic thinking." We discussed examples of trade-offs, incentives, utility, opportunity cost, cost-benefit analysis. Students shared examples of key terms relating to scarcity from their Business Plans that they created with their partner.

Students (individually) completed a worksheet that examined "economic thinking." This worksheet was then turned in.

Homework:

1. If a student did not finish his/her 1.4 notes, he/she should do so for Friday's class.

2. If a student did not finish the "Economic Thinking" worksheet, he/she should finish it for homework and turn it in on Friday.