Chapter 1 - An Economic Way of Thinking
Essential Question: How can you think like an economist?
Chapter 1 Points Checklist:
Notebook Guide Questions (Complete all) - 5 points Economic Enigma Article - 5 points The Power to Choose - Discussion/Cost Benefit Chart - 5 points Reading Challenge Game "Crack the Code" - 5 points Chapter 1 Quiz - 10 points |
Vocabulary·
economics economy positive economics normative economics scarcity tradeoff cost-benefit analysis incentive |
Section 1 - Intro
Read Chapter 1, Section 1 and then come up with a good answer to the essential question
-Respond to the 3 questions
-Respond to the 3 questions
Section 2 - What is economics all about?
Complete the Notebook Questions
Section 3 - What Seven Principles Guide an Economic Way of Thinking?
Read Chapter 1, Section 3 and then answer the questions about the seven principles of economics.
Practice: Analyzing Economic Enigmas
-Listen to the instructional video about economic enigmas, document the principles of economics that relate to each example enigma on a sheet of paper, or Google doc.
-Then carefully follow the video directions to write a 1-2 page newspaper article about an economic enigma that exists in our society.
-Then carefully follow the video directions to write a 1-2 page newspaper article about an economic enigma that exists in our society.
econ_l01_shab.pdf | |
File Size: | 157 kb |
File Type: |
Sample Article:
Section 4 - What tools do economists use?
Read Chapter 1, Section 4
Summary
Complete the Summary questions about economic enigmas.
The Power to Choose - Is college the right choice for you?
Complete the following:
Part 1:
Consider your opinion on the following statement: Everyone should attend college.
In a post, list whether you strongly agree, somewhat agree, somwhat disagree, or strongly disagree with that statement. Then expian in three sentences minimum why.
Part 2:
Read the Power to Choose section... then answer the following questions in a post:
• What reasons does Ryan Allis give for deciding to attend college?
• Do you think he made the right decision? Why or why not?
Part 3:
Review follow the directions for the costs and benefits for attending college chart linked HERE
Make a copy of the Google Doc, assign numbers to each category, total your score and post it in a discussion post including a link to your Google doc.
Part 4:
Answer the following questions in a post:
• Was your score consistent with the decision you think you will make (or have already made) about attending college?
• Why might college be a better decision for some people than for others?
Part 1:
Consider your opinion on the following statement: Everyone should attend college.
In a post, list whether you strongly agree, somewhat agree, somwhat disagree, or strongly disagree with that statement. Then expian in three sentences minimum why.
Part 2:
Read the Power to Choose section... then answer the following questions in a post:
• What reasons does Ryan Allis give for deciding to attend college?
• Do you think he made the right decision? Why or why not?
Part 3:
Review follow the directions for the costs and benefits for attending college chart linked HERE
Make a copy of the Google Doc, assign numbers to each category, total your score and post it in a discussion post including a link to your Google doc.
Part 4:
Answer the following questions in a post:
• Was your score consistent with the decision you think you will make (or have already made) about attending college?
• Why might college be a better decision for some people than for others?
Assessment
-Complete the Reading Challenge for Chapter 1
-Complete the Chapter 1 Quiz once you have reviewed your notes and completed the Reading Challenge.
-Complete the Chapter 1 Quiz once you have reviewed your notes and completed the Reading Challenge.