This week in class, we began with a survival activity that led to the Factors of Production, the 7 Economic Goals and even got through all our important economic systems. We ended the awesome week with Finance Friday #2 about budgeting, what a great time!
Suggested Reading: Textbook pgs. 9-18, 23-27, and 50-70
Week #4 Vocabulary:
- Factors of Production
- Land
- Labor
- Capital
- Goods
- Services
- 3 Economic Questions
- 7 Economic Goals
- Traditional Economic System
- Command Economic System
- Free-Market Economic System
- Mixed Economic System
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 at Week 4:
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - What incentive do you provide to the opposite sex (or same sex, for that matter) to get them to like you? Essentially, how do you like to flirt?
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #4 Attachments:
Notes on the 3 Economic Questions
Survival Activity
Economic Systems PPT
Budgeting Activity