AS Economics Mr. Durham durham.j@shishialevel.cn http://durham-asecon.wikispaces.com

Lesson Objectives To understand and agree to the school policies for electronic devices To acquire the appropriate materials necessary for note- taking, activities and homework To understand scarcity and the need to make choices Apply the concepts learned, to better appreciate the Economic Problem in future lessons

School Policy All electronic devices are strictly prohibited in class. Use will result in confiscation and they will be given to your class tutor E-dictionaries are permitted in my class only when you are working on an activity English must be spoken in my classroom. English immersion is the key to success 

Note Taking Two A4 Notebooks required by all students Random Checks Notebook One – Note Taking Notebook Two – Activities & Homework Random Checks You will be called upon for me to review your notebooks at various times throughout the year It is for your benefit, to assess your organization and completion of work

Exam Schedule & Preparation Exact dates to be determined October – first small exam November – midterm exam December – final exam April – Mock exam Syllabus Divided into 5 topics – see textbook Semester 1: Will complete topics 1 to 4 Semester 2: Will complete topic 5

Activity Groups: Teacher Assigned Question: What is Economics? Activity: Discuss in groups how you would define this term. One student records your ideas One student writes on the blackboard Time: 5 minutes

3 Key Terms Economics: is the study of scarcity and choice. The study of how society manages its scarce resources by making decisions Scarcity: Where the amount of a thing is limited A situation that results from the fact that we don’t have the ability to satisfy all of our wants. Tradeoff: where something must be given up in order to have more of something else

Movie Put down your pens. No need to take notes Can replay and I can share the video with you

Activity Groups: Teacher Assigned – Same groups as before Activity: Textbook: Self-Assessment Task 1. Question 1 Time: 5 minutes

Activity Groups: Teacher Assigned – Same groups as before Activity: Decide which patients receive medical care One student records your ideas One student writes on the blackboard Time: 5 minutes

Homework Prepare: Get your notebooks this weekend Next Class: Chapter 1-The Fundamental Economic Problem & Factors of Production Pages 13-14