At the end of this unit you will be able to do the following.
I can identify the factors and economic goals that influence decisions about the production and consumption of goods.
I can compare and contrast the role of government in command and market economies.
I can compare the advantages and disadvantages for consumers and producers in command and market economies.
I can identify and explain the features of the American Free Enterprise System.
So, what type of Economic System do we have here is America?
Who or what decides what you get?
Monday, January 28, 2013
Tuesday, January 22, 2013
Making Sound Economic Choices
Is College the right choice for you?
Analyzing the Costs and Benefits of going to college is sometimes frustrating. You probably know many of the benefits of leaving home to become a full-time college student. But have you analyzed the costs as well?
Using this table as well as adding any other that you might think of I want you to calculate the Costs and Benefits of going to college and share out in class.
* Assign each cost and benefit a score of 1-(not very important) to a 5 -(extremely important) for each cost section
* Add your scores in both columns.
* What conclusions can you draw by comparing the results?
Costs and Benefits of Going to College
Cost
|
Score
|
Benefit
|
Score
|
Cost of tuition, books, room and board, and travel to school
|
Greater lifetime earning with a college degree
| ||
Earnings lost buy not joining the work-force full time after high school
|
Better job opportunities once college is completed
| ||
Lost opportunity for on-the-job training and the development of workplace skills
|
More opportunity to develop thinking, writing, and professional skills
| ||
Less time to pursue nonacademic interests and hobbies
|
More time to pursue academic interests
| ||
Less opportunity to spend time with old friends from high schools
|
More opportunity to make new friends from different places
| ||
Less time for spending with family at home
|
More opportunity to make family proud.
|
Monday, January 14, 2013
Economic Choice-What choices are you making
As we continue to discuss economic choices I hope that you are taking notes as to how this not only applies to you now but in the future.
Scarcity!
Opportunity Cost!
What do those words mean to you? Look at the Organizer below. Why are things scarce?
Remember---In the words of Mick Jagger......."You can't always get what you want!"
Scarcity!
Opportunity Cost!
What do those words mean to you? Look at the Organizer below. Why are things scarce?
Remember---In the words of Mick Jagger......."You can't always get what you want!"
Tuesday, January 1, 2013
Economics-What's that?
Economics: Are we talking Macro or Micro? You tell me! What is the difference between the two? Here is a list for you to explore. On Wednesday, we begin with the basic question, What is economics? Come ready to learn as you will make a very important economic choice in class.
Macroeconomics
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