This week in class, we got back to it and focused on finishing the differing types of economic systems. We also received our first unit study guide and then we focused on incentives and learned how to solve some major life dilemmas. Fun times.
Suggested Reading: Textbook pgs. 28-45
Week #5 Vocabulary:
- Command economy
- Free-market economy
- Mixed economy
- Traditional economy
- Invisible hand (competition and self-interest)
- Specialization
- Incentives
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 5:
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - Of this first economics unit, what has been the toughest to understand? What has been the most enjoyable to learn?
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #5 Attachments:
Article - WIRED: Getting Gamed
Unit 1 Study Guide