This week we began by looking at some basic information regarding the principals of economics and then we moved onto lessons regarding scarcity and gangs. On block day, we talked about voluntary exchange and how we go about making choices and then on Friday we had our first Finance Friday (Yay!) regarding credit cards.
Suggested Reading: Naked Economics pgs. 6-12 and Textbook pgs. 3-7
Week #2 Vocabulary:
- Scarcity x2
- Voluntary Exchange
- Voluntary Exchange
This week your first blog post/homework is due. Please title it "WEEK #2" and complete your blog as a new post in the following fashion:
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - Which do you think is more valuable, water or diamonds? Why is this so?
- Paragraph 3: Please feel free to ask questions regarding the class here.
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - Which do you think is more valuable, water or diamonds? Why is this so?
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #2 Materials: