- 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:
- None
Resources:
- Khan Academy Video - Introduction to Economics
- Video - Scarcity
- Circular Flow Model
- Video - Scarcity and Opportunity Cost
- Khan Academy Video - Production Possibility Curves
- Video - Law of diminishing marginal utility
- Video - Example of Law of diminishing marginal utility
- Notes - 3 Key Economic Questions
- Video - Economic Systems
- Study Guide for unit 1
Homework:
- Prepare for assessment
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