HONORS ECONOMICS WEEK 4
9/17/07-9/21/07

CLASS

 Monday 9/17
Schedule		 Tuesday 9/18
Schedule		 Wednesday 9/19
Schedule		 Thursday 9/20
Schedule		 Friday 9/21
Schedule
F Lesson 1 X Lesson 2 Lesson 3 Lesson 4
G Lesson 1 Lesson 2 X Lesson 3 Lesson 4
H Lesson 1 Lesson 2 Lesson 3 X Lesson 4
CHAPTER 2 CONCEPTS AND VOCABULARY

SOCIAL SCIENCE
CETERIS PARIBUS
THEORY
INDUCTION
DEDUCTION
EFFICIENCY
EQUITY
STABILITY
SECURITY
FREEDOM
GROWTH

 CIRCULAR FLOW
RESOURCE MARKET
PRODUCT MARKET
HOUSEHOLD
BUSINESS
FACTORS OF PRODUCTION
CIRCULAR FLOW
REAL FLOW
MONEY FLOW
MICROECONOMICS
MACROECONOMICS

PRODUCTION POSSIBILITIES FRONTIER
UNDERUTILIZATION
POLICY ECONOMICS
PERCEPTION
REALITY
COUNCIL OF ECONOMIC ADVISORS
NORMATIVE
POSITIVE
SOCIAL GOALS
LESSON IN CLASS HOMEWORK
Lesson 1
  • Six Social Goals
  • Theory and Policy
  • Campus Parking Exercise

"The philosophers have only interpreted the world in various ways; the point, however, is to change it."
Karl Marx

Read:  Text, Chapter 2, pp. 24-26

QFR:  #4, pg. 33

PAA:  # 4, 5, 11 pg. 34

Answers must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, September 23.
Lesson 2

Bring:  Pencil for Econ U$A quiz.
Lesson 3
  • PPF worksheet
  • Review for Chapter 2 Quiz

 

 Bring:  Pencil for worksheet

Review Chapter 2; use online chapter notes, Blackboard course materials, and Textbook site practice section quizzes.
Lesson 4
  • Chapter 2 Quiz
  • Complete Blackboard Assignments
 Bring:  Pencil for Chapter 2 scantron quiz; this quiz will consist of 25 multiple choice questions from Chapter 2.

Read:  Text, Chapter 3, pp. 45-50, stop at “The Principle of Comparative Advantage”

Analyze: the article on "Economics and the War on Terror", and critically analyze it using marginal cost-marginal benefit analysis.

Answer must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, September 23.