Chapter 2 - Economic Decision Making
Essential Question: Why can't you always get what you want?
Chapter 2 Points Checklist:
Notebook Guide Questions (Complete all) - 5 points Concepts through Pictures Write-Up - 5 points Reading Challenge Game "Matrix of Knowledge" - 5 points Chapter 2 Quiz - 10 points |
Vocabulary
goods services factors of production entrepreneurship capital productivity opportunity cost production possibilities frontier(PPF) |
Section 1 - Introduction
-Read Section 1 and then familiarize yourself with the vocabulary for the chapter.
-Complete the Section 1 Question from your Notebook Guide - It asks you to make decisions about what you will do/spend on a Friday night.
-Complete the Section 1 Question from your Notebook Guide - It asks you to make decisions about what you will do/spend on a Friday night.
Concepts through Pictures
Use the pictures below to find 3 examples of the economic concepts for each round, for each picture. Here are the concepts you are looking for each round:
Round 1: goods and services (Use Section 2.2 reading questions to help)
Round 2: factors of production (Use Section 2.3 reading questions to help)
Round 3: opportunity cost and tradeoffs (Use Section 2.4 reading questions to help)
Round 1: goods and services (Use Section 2.2 reading questions to help)
Round 2: factors of production (Use Section 2.3 reading questions to help)
Round 3: opportunity cost and tradeoffs (Use Section 2.4 reading questions to help)
econ_l02_sh.pdf | |
File Size: | 113 kb |
File Type: |
Section 2 - Why is what we want scarce?
Read Section 2 and complete the corresponding Notebook Guide Questions
Section 3 - How do we satisfy economic wants?
Read Section 3 and complete the corresponding Notebook Guide Questions
Section 4 - What do we give up when we make a choice?
Read Section 4 and complete the corresponding Notebook Guide Questions
Section 5 - How can we measure what we gain and lose when making choices?
Read Section 5 and complete the corresponding Notebook Guide Questions
Summary
Read the Summary Section and answer the questions about a photo of yourself.
Assessment
-Complete the Reading Challenge for Chapter 2
-Complete the Chapter 2 Quiz once you have reviewed your notes and completed the Reading Challenge.
-Complete the Chapter 2 Quiz once you have reviewed your notes and completed the Reading Challenge.