Friday, September 28, 2018

Friday September 28

Demand Concepts
  • Definition of Demand
  • Law of Demand
  • Diagrammatic analysis of the Law of Demand
  • Determinants of Demand
Resources:


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Thursday, September 27, 2018

Thursday September 27

New Concepts - Demand (buyers)
  • Definition of Demand
  • Law of Demand
  • Diagrammatic analysis of the Law of Demand

Resources:

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Wednesday, September 26, 2018

Wednesday September 26

Go over assessment from Wednesday - Please see me is you need to reassess or take assessment

New Concepts - Demand (buyers)
  • Definition of Demand
  • Law of Demand
  • Diagrammatic analysis of the Law of Demand

Resources:

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Tuesday, September 25, 2018

Tuesday September 25

Unit 1  Assessment - Intro to IB Economics
     Please see me if you did not take the assessment or need to reassess.

New Concepts - Demand (buyers)
  • Definition of Demand
  • Law of Demand
  • Diagrammatic analysis of the Law of Demand

Resources:

Power Point Notes - Demand

Homework:
Read Chapter 2 Pages 18-24
Do Student Workpoint 2.1 (Page 24)
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Monday, September 24, 2018

Monday September 24

ALERT: Unit 1 assessment - Tuesday September 25
  • Will include all concepts from Chapter 1 and all we have learned in class up to this point
  • See Study Guide

Review Concepts:
  • Review Unit 1 concepts
New Concepts:
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Friday, September 21, 2018

Friday September 21

ALERT: Unit 1 assessment - Tuesday September 25
  • Will include all concepts from Chapter 1 and all we have learned in class up to this point
  • See Study Guide

Review Concepts:
  • Review Unit 1 concepts
New Concepts:
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Thursday, September 20, 2018

Thursday September 20

ALERT: Unit 1 assessment - Tuesday September 25
  • Will include all concepts from Chapter 1 and all we have learned in class up to this point
  • See Study Guide
Review Concepts:
New Concepts
  • Ceteris Paribus - "All things equal"

    Resources:
Homework: Due Today




  • Which Economic System is best?
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    Wednesday, September 19, 2018

    Wednesday September 19

    Review Concepts
    • Factors of Production

    Key Concepts:
    • Circular flow
    Classroom Activity:

    • Econoland 


    Resources:

    Homework - Due Thursday Sept. 20


  • Which Economic System is best?
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    Tuesday, September 18, 2018

    Tuesday September 18

    Due Today: 
    Review Concepts
    • Factors of Production
    • Economic Systems
    Homework - Due Thursday Sept. 20


  • Which Economic System is best?
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    Monday, September 17, 2018

    Monday September 17

    Review Concepts:
    • Factors of Production
      • Land
      • Labor
      • Capital
        • Physical
        • Human (entrepreneurship)
    New Concepts:
    • Economy - How a society distribute its resources
    • 3 Key Questions
      • What to produce?
      • How to produce it?
      • Who will get what is produced?
    • Economic Values
      • Economic Security
      • Economic Freedom
      • Economic Equity
      • Economic Growth
      • Economic Efficiency
    • Types of economies
      • Command (Comunism)
      • Market (Capitalism)
      • Mixed
      • Traditional
    Resources:

    Homework:
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    Friday, September 14, 2018

    Friday September 14

    Concepts:
    • Factors of Production

    Resources:

    Factors of Production - Investopedia (W/video)


    Homework:
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    Thursday, September 13, 2018

    Thursday September 13

    New Concepts:
    • Factors of Production

    Resources:

    Factors of Production - Investopedia (W/video)


    Homework:
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    Wednesday, September 12, 2018

    Wednesday September 12

    Review Concepts:  POP QUIZ...shhh
    • Understanding Opportunity Cost
    • Production Possibility Curves
    • Please see me if you need to make up quiz

    New Concepts:
    • Utility
      • Total Utility
      • Marginal Utility
      • Law of diminishing Marginal Utility
      • All decisions are made at the margin
    Resources:

    Homework:

    • None

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    Tuesday, September 11, 2018

    Tuesday September 11

    Review Concepts:
    • Understanding Opportunity Cost
    • Production Possibility Curves
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    Monday, September 10, 2018

    Monday September 10

    New Concepts
    • Opportunity Cost
    • Production Possibility Curves

    Classroom Activity

    Resources

    Homework:

    • None
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    Friday, September 7, 2018

    Friday September 7

    Key Concepts for Today:
    • Choice
    • Scarcity
    • Trade-offs
    • Opportunity Cost
    1 - Resources are limited (Scarcity)
    2 - Therefore people must make choices
    3 - People makes choices based upon their own rational self-interest

    Class Activity:
    • Opportunity Cost - Next best Choice (Starburst)

    Class Handouts:
    • None

      Resources:
      • Text Book - Chapter 1

      Homework:
      None
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      Thursday, September 6, 2018

      Thursday September 6

      Opening Question:
      What is Economics?

      Key Concepts for Today:
      • Choice
      • Scarcity
      • Trade-offs
      • Opportunity Cost
      1 - Resources are limited (Scarcity)
      2 - Therefore people must make choices
      3 - People makes choices based upon their own rational self-interest

      Class Activity:
      • Went over Dialysis Questions from Wednesday's activity
      Class Handouts:
      • None

        Resources:
        • Text Book - Chapter 1

        Homework:
        None
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        Wednesday, September 5, 2018

        Wednesday September 5

        Key Question:
        What is economics?


        Class Activity:
        Resources:
        • Text Book - Chapter 1
        Homework: 
        • Read Chapter 1 in textbook.
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        Wednesday September 3

        WELCOME TO IB ECONOMICS

        Key Question:
        What is economics and the key economic problem?

        Key Economic Terms and Diagrams - Chapter 1

        Terms:
        • Economics
        • Economy
        • Scarcity
        • Choice
        • Trade-off
        • Opportunity Cost
        • Factors of Production
        • Utility
        • Micro vs Macro
        • Positive vs Normative 
        Diagrams/Models:
        • Circular Flow Model
        • Production Possibility Curve
        Class Activity:
        Class Handouts:
          Resources:
          Homework: 
          • Read Chapter 1 in textbook



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