AP ECONOMICS: August 29 Learning Target In order to understand some basic economic concepts, I will analyze how societies deal with the fundamental economic problem. I will know I have it when I recognize the interrelationship between scarcity, choice, and opportunity costs. “The study of choices people make to satisfy their needs and wants.” Unit 1 Introduction—Basic Eco. Concepts and Terms (HO) Introductory video Closure Assignment: --read Module 3; GC videos --see A.P. Macroeconomics Content Area Outline (GC) --course guidelines signature sheet due by Friday (HO from earlier)