Economics On the first page of your notebook, record today’s date and write down the following question AND respond to it to the best of your ability. Make a list of trade-offs to coming to school today. In other words, what were some things you could have done instead of coming to school today. List them in order of most desired to least desired. Please pick up a spiral notebook from the bin at the front of the room. This notebook is where you will complete your warm- ups each day. They will remain in the class and I will be checking them weekly. I will send around sharpie markers where you can record your name and class period.

Mrs. Tuite’s Non-Negotiables: 1. I will be enforcing the JVHS cell phone and headphone/earbud policy. This means, if you have your phone out and I have not given you instructions to use it, it will be confiscated and brought to the main office where you can pick it up at the end of the day. 2. No food allowed in class. (Unless I am providing you with food OR it is a cash-in day) You are allowed drinks in a container with a twist-top. No, you cannot ask to go to a drink machine during class. 3. If I am speaking or instructing the class, or if a classmate is contributing to the lesson, no one else should be talking. This is basic manners!

Other things you should know… Do not ask to run errands during class. My class time with you is limited and valuable, any “errands” that you need to run can be done between classes, during ILT, at lunch, the end of the school day, or in the morning before classes begin. If you’re having a really bad day… “Stress Item” Be appropriate at all times! In the classroom, you are expected to use academic and respectful language to EVERYONE.

Thank you to the Alumni Association!

Lesson 1: Scarcity

The main economic problem What is the problem? Why does the problem exist? Scarcity occurs because many people want things, but resources available are limited. Who decides how to allocate scarce resources?

“Elevator Exercise” Pick a partner Three Rounds (1 minute, 30 seconds, 15 seconds) Talking points: Economics Scarcity Trade Offs Opportunity Cost

Notes Now that you’ve talked about it, you are going to take some notes. Please make your notes as detailed as possible. Examples are always helpful to include. You are taking notes based on your “recall” memory. You can collaborate with your neighbors, but you are NOT using phones or other electronic devices to look up answers (…remember the classroom rules) At the top of your notes, please put today’s date and the title is, “The Main Economic Problem”

Homework Quiz on Friday over the classroom rules, procedures, and syllabus. Continue to think about companies you may be interested in investing in! You must have your binder (with dividers) for this course ready by Monday.