Take Out: Economic Systems Packet from Yesterday

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Presentation transcript:

Take Out: Economic Systems Packet from Yesterday Primary Update Review Chart Deadly Disease *HW Reminder: Rest of Module II is due tomorrow

PPC Game Multiple Rounds Must follow the rules 30 sections to see how many “raw materials” you can make into goods http://www.online-stopwatch.com/large-stopwatch/ ES: C-5 Demonstrate understanding of concepts

Production Possibilities Curve/Frontier A curve showing the maximum quantity of one good that can be produced for each possible quantity of another good produced Capital Goods: used to produce other goods Consumer Goods: things that you buy

PPC with Triangles Fold the table along the dashed line Glue the two sides together-BE NEAT! Cut out squares and/or triangles- your choice! We will plot the PPC together

Practice: Guns and Butter Answer these questions on your own or with a partner The Guns and Butter example is a good one to know!