HONORS ECONOMICS WEEK 5
9/24/07-9/28/07

CLASS

 Monday 9/24
Schedule		 Tuesday 9/25
Schedule		 Wednesday 9/26
Schedule		 Thursday 9/27
Schedule		 Friday 9/28
Schedule
F X Lesson 1 Lesson 2 Lesson 3 X
G Lesson 1 X Lesson 2 Lesson 3 Lesson 4
H Lesson 1 Lesson 2 X Lesson 3 Lesson 4
CHAPTER 3 CONCEPTS AND VOCABULARY

OPPORTUNITY COST
ABSOLUTE ADVANTAGE
TRADE

 COMPARATIVE ADVANTAGE
INTERDEPENDENCE
SPECIALIZATION

RELATIVE PRICE
IMPORTS
EXPORTS
LESSON IN CLASS HOMEWORK
Lesson 1
  • Review Chapter 2 Quiz
  • Opportunity Cost
  • Absolute Advantage
  • Comparative Advantage

Read:  Text, Chapter 3, pp. 50-57

QFR:  #1-3, pg. 57

PAA:  # 1, 6 pg. 58

Answers must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, September 30.
Lesson 2
  • Relative Prices
  • Trade worksheet
  • Unit Review
Bring:  Pencil for worksheet.

Review Chapters 1, 2, and 3; use online chapter notes from chapter 1 chapter 2, and chapter 3, as well as Blackboard course materials, and Textbook site practice section quizzes.

QFR:  #4, 5, pg. 57

PAA:  # 4, 8 pg. 58

Answers must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, September 30.
Lesson 3
  • Unit 1 Test

 

 Bring:  Pencil for scantron Unit Test; this test will consist of 50 multiple choice questions covering the concepts from Chapters 1, 2, and 3.
Lesson 4
  • Review Unit Test

 

Read:  Text, Chapter 4, pp. 63-71, stop at “Supply”

Analyze: the article on "Free Trade Vs. Fair Trade", and critically analyze it using comparative advantage analysis and your own values.

Answer must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, September 30.