10-Nov-15 1 HONORS ECONOMIC NOTEBOOK FALL Semester, 2015 FUNDAMENTAL UNIT NOTEBOOK In your notebook, you should have the following for the FUNDAMENTAL unit: Notes • Fundamentals (What is Economics, Needs v. Wants. Scarcity, Basic Economic Questions, Productive Resources, Basic Concepts, Opportunity Cost, Production Possibilities Curve, Reading the PPC, Allocation Methods, Circular Flow Chart, Specialization, Division of Labor, Adam Smith & Wealth of Nations) • Economic Systems & Institutions (guided reading graphic organizer) • Class Notes (Property Rights, Incentives, Market Failures, Productivity, Economic Growth) Class Work • Econ Lab #1 (No Free Lunches) • Adam Smith Reading (Specialization & Division of Labor) • Wrap Up Questions: Moving in Economic Circles • Roles of Government Cartoon graphic organizer • Review Sheet Reading • “What’s to Love About Economics?” (coded + discussion questions answered) • “Why did the Cashier Let Biff Henderson Eat All the Free Mints?” (discussion ques.)
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10-Nov-15
1
HONORSECONOMIC NOTEBOOK
FALL Semester, 2015
FUNDAMENTAL UNIT NOTEBOOK
In your notebook, you should have the following for the FUNDAMENTAL unit:
Notes• Fundamentals (What is Economics, Needs v. Wants. Scarcity, Basic Economic Questions,
Productive Resources, Basic Concepts, Opportunity Cost, Production Possibilities Curve, Reading the PPC, Allocation Methods, Circular Flow Chart, Specialization, Division of Labor, Adam Smith & Wealth of Nations)
• Economic Systems & Institutions (guided reading graphic organizer)