Week #3: January 21st - January 24th

This week in class, we had a day off thanks to Mr. Martinez' Birthday MLK Day. Upon our return, we kind of shifted gears back to opportunity cost and understanding how this impacts our world. We talked about trade-offs, we talked about marginal concepts and we talked about the Production Possibilities Curve by visiting our old friend Spongebob Squarepants. We even talked about diamonds and chocolate as they are related to water and scarcity.

Suggested Reading: Textbook pgs. 8-12

Week #3 Vocabulary:
- Trade-Off
- Opportunity Cost
- Marginal Analysis
- Marginal Cost
- Marginal Benefit
- PPF Curve
- Guns and Butter

This week your blog post/homework is due by Sunday at midnight. Please complete your blog as a new post in the following fashion, labeling it as WEEK #3:
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - Besides the fact that he founded and grew a major, worldwide corporation (Microsoft), why do you think Bill Gates is rich?
- Paragraph 3: Please feel free to ask questions regarding the class here.
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