Period 1 (Aug. 14), Period 2 (Aug 14), Period 4 (Aug 15)
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Chapter 1. Economics assumes a few key things about the world around us…. 1. Societies face scarcity 2. Most activity is guided by personal gain 3. Societies.
Chapter 1: What Is Economics?. Chapter 1: What Is Economics? Scarcity Factors of Production Decision Making Opportunity Cost –Production Possibilities.
Agenda Review Class Rules Key Terms Article Worksheet Student Videos Production Possibilities Curve Production Possibilities Worksheet HOMEWORK Review.
Government Control of Prices in Mixed Systems. Supply, Demand, and Government Policies In a free, unregulated market system, market forces establish equilibrium.
Introduction to economics - lecture 1.ppt
What did you do to earn some money this summer? Lets talk about it…. Did you make as much as you wanted to ?
Harcourt Brace & Company Chapter 6 Supply, Demand, and Government Policies.
Chapter 1 What is Economics?. Scarcity and the Factors of Production What is economics? How do economists define scarcity? What are the three factors.
Scarcity and the Factors of Production What is economics? What is economics? How do economists define scarcity? How do economists define scarcity? What.
Unit 1: Foundations of Economics What comes to your mind when you hear the word SCARCE?
