Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence...

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Transcript of Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence...

Page 1: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.
Page 2: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Week 2 ObjectivesIdentify the three types of economic systemsSummarize the goals that influence decisions

about production and consumption of goodsCompare and contrast the role of government

in a command economy and a market economy

Summarize the characteristics of a free enterprise system

Page 3: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Monday 1-131. Bell Work-copy types of econ matrix2. Review week one concepts of scarcity,

opportunity cost, principles that guide an economic way of thinking.

3. Econ Lab: working with scarce resources-smores

Page 4: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Tuesday 1-14Review types of econ matrixGroup Review and quiz of econ systemsGroup study and share out of economic goals:

students are assigned one goal to study and share out with the class

Page 5: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Block day 1-15, 1-16Bell work- complete questions about one

economic goalGroup share out of one economic goalTake notes from the student answers written

on the boardIntroduce the characteristics of a free

enterprise system

Page 6: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Week 3 Objectives1. Describe the three types of business organization.2. Summarize the advantages and disadvantages of a

sole proprietorship, partnership, and corporation.3. Explain the reasons that cause firms to merge.4. Identify two different types of mergers.5. Describe and illustrate the concept of demand.6. Explain what causes a change in quantity

demanded7. Describe the factors that could cause a change in

demand.

Page 7: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Tuesday 1-19FAFSA P.I.N. Workshop

Bell Work: Draw a table using pages 57-66Type Pros

(advantages)Cons(disadvantages)

Sole Prop.

Partnership

Corp.

Page 8: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

ObjectivesExplain the reasons that cause firms to merge.

Identify two different types of mergers.

Page 9: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Block 1-20, 1-21Bell Work: 1. When it comes to partnerships one

disadvantage is limited life. What does it mean when a business has limited life?

2. Identify the two types of partnerships.3. Explain the term bankruptcy and why it is

considered a possible outcome of a partnership.

4. Which type of business requires permission from the government and what is that document called?

Page 10: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Bell WorkHow Businesses GrowWhy Businesses MergeGraphic OrganizersQuiz

Page 11: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Graphic Organizers:

Two Ways Businesses Grow: Reinvestment- Earnings put back into business to build firm.Mergers-Horizontal /Vertical

Page 12: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Graphic Organizers:

Two Ways Businesses

Grow

Mergers

Vertical Horizontal

Reinvestment

Page 13: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Graphic Organizers:Reasons Why Businesses Merge:Read page 69-70 and fill in the graphic organizer below:

Page 14: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Assignment: Types of Mergers1. Draw a Venn Diagram

comparing the two types of mergers.

2. Draw an illustration of each type on the back side of your Venn Diagram

3. Explain how conglomerates and multinationals differ from horizontal and vertical mergers.

Due Friday

Page 15: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Friday 1-24 Rally ScheduleBell Work: Define Demand and Marginal UtilityIntroduce concept of demand-show video clip Jingle all the WayDiscuss Demand and Marginal Utility

Page 16: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Week 4 Objectives1. Students will be able to explain the difference between

change in quantity demanded and an overall change in demand.

2. Students will be able to summarize the reasons for a change in overall demand.

3. Students will be able to explain the law of demand.4. Students will be able to explain the difference between

change in quantity supplied and supply.5. Students will be able to summarize the reasons for an

overall change in supply.6. Students will be able to explain the law of supply.7. Students will be able to illustrate supply and demand on a

graph.8. Students will be able to describe the term equilibrium price.

Page 17: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Monday 1-27Bell Work- C. 4 Vocab ActivityNotes: DemandDemand Curve Activity-students are taken step by step on how to draw a demand curve using http://www.reffonomics.com/TRB/chapter4/quantitydemanded.swfAssign IES countries

http://www.reffonomics.com/TRB/chapter4/quantitydemanded.swf
http://www.reffonomics.com/TRB/chapter4/quantitydemanded.swf
http://www.reffonomics.com/TRB/chapter4/quantitydemanded.swf
Page 18: Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.

Tuesday 1-28Bell Work: Vocabulary ActivityChange in Qty Demanded vs. Change in Demand notesQuick write: What is the difference between change in demand and change in qty demanded?Activity: Reasons why demand changes-students predict the meaning of the seven determinants of demand then confirm or change their answers using the book.


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Motives for consumption of luxury goods · of luxury goods?”, “Which motives are typical for a certain type of personality?” The study brings together researches on status consumption

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