ECONOMICS: January 17 Warm-up

Slides:

Advertisements

Similar presentations

Question #1 Why is the concept of ‘scarcity’ important in rich countries as well as poor ones?

Advertisements

PPC Review, Economic Systems & Circular Flow Chapter 2.

Introduction: Economic Issues Introduction: Economic Issues.

Complete #1 on page 7. Number your definitions (18)

Learning Objectives: The Economic Problem LO4: Understand why trade results in economies being more productive LO5: Explain the three fundamental questions.

1. THE ROLE AND NATURE OF INVESTMENT Learning Objectives 1.Discuss the components of the investment spending category of GDP and distinguish between gross.

Theme 1: Introduction to markets and market failure In this theme, students will consider how markets work, looking at how supply and demand interact to.

Production Possibilities Curve. Imagine… that we decided to do a fundraiser. We found 10 metal sheets in the back of the school, and we decided to use.

Introduction: Economic Issues. The Economic Problem Economic problems –production and consumption –Scarcity: the central economic problem Macroeconomic.

OPPORTUNITY COST What you write: We consider the costs and benefits of each of the alternatives What you need to know: How do we make decisions? Everything.

Thinking Like an Economist

Standard 1 Understand the fundamental concepts relevant to the development of a market economy SS.912.E.1.2 Analyze production possibilities curves.

Econ “Analyzing Production Possibilities”

ECONOMICS: September 5 Warm-up: Learning Target In order to understand why producers and consumers must make choices, I will analyze the concepts.

EOC Review Questions from 12.1/12.2

Thinking at the Margins Review

ECONOMICS: September 18 FMQ from Ch. 1-3 Test

ECONOMICS: September 6 Warm-up

Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)

AP ECONOMICS: September 11

Ch. 4-6 Test is Wed. (warm-ups due Wed.)

ECONOMICS: February 5 Warm-up: Draw a two column table for video games. Label the first column “Price” and add the following values in the column: $80,

AP ECONOMICS: September 5

AP ECONOMICS: November 15

ECONOMICS: January 22 Learning Target: In order to understand the concept of economic growth, I will be able to identify the determinants of economic.

AP ECONOMICS: August 31 Learning Target In order to understand why people and countries specialize and trade, I will learn the principles of absolute.

ECONOMICS: March 21 Warm-up

AP ECONOMICS: August 30 Warm-up Jot down some examples of Adam Smith’s “invisible hand” theory coming into play while watching the video

ECONOMICS: October 23 Make-up work?

Ch Test is Wednesday (warm-ups due on day of test)

AP ECONOMICS: January 19 Warm-up: --What is the relationship between GDP and unemploy- ment? Explain. Learning Target In order to understand why.

Ch. 4-6 Test is Tuesday (warm-ups due Tuesday)

Chapters 4-6 Test is Wed. (Ch. 4-6 Warm-ups due on Wed.)

FRQ Friday: PPC and comparative advantage

ECONOMICS: September 6 Warm-up: Eagle Ford Shale Play Map and Oil Production Statistics --What do consumers, businesses, and the government have to consider.

AP ECONOMICS: October 29 Warm-up

AP ECONOMICS: October 26 Warm-up: Exit Slips 26 and 28 (see class set handouts)—answer the six questions in complete sentences AP Economics Learning.

Chapters 4-6 Test is Tues. (Ch. 4-6 Warm-ups due on Tues.)

Warm Up Explain what a production-possibilities curve shows.

AP ECONOMICS: September 14

ECONOMICS: September 19 Introductory Unit Video: Types of Markets

Chapters 1-3 Test is Thursday (warm-ups due on test day)

Loanable Funds Market Quiz is Wednesday

Chapters 4-6 Test is next Wed. (Ch. 4-6 Warm-ups due on test day)

Chapter 14 Investment and Economic Activity

Production Possibilities Curve Paper and Pencil for your quiz.

Chapter 8 Economic Growth.

AP ECONOMICS: November 9

ECONOMICS: March 18 Learning Target In order to understand the economic and social well-being of the U.S., I will be able to analyze how the government.

Digestive System Practice

AP ECONOMICS: September 13

AP ECONOMICS: January 14 Warm-up Jot down some examples of Adam Smith’s “invisible hand” theory coming into play while watching the video

AP ECONOMICS: January 17 Warm-up What is the relationship between price and quantity demanded? Draw a basic demand graph with a hypothetical P & Q.

ECONOMICS: January 16 PPC Shifters Warm-up Opportunity Cost

ECONOMICS: January 15 Warm-up See Ch. 1, Lesson 2 (HO) and record answers on dated warm-up sheet (first three boxes) --conclude Ch. 1, Lesson 1, Day.

AP ECONOMICS: April 8 ·changes in savings (SLF)—examples

AP ECONOMICS: January 24 Warm-up Draw a production possibilities model with the y-axis labeled “consumer goods” and the x-axis labeled “capital goods”.

AP ECONOMICS: March 26 Warm-up --Interest rates rise from 1% to 4%. How would this impact money demand in terms of transactions demand and asset demand?

AP ECONOMICS: April 18 Warm-up Using the LRAS-AS-AD Model and starting from equilibrium at full employ- ment, show the long-run impact on AD, AS, and.

AP ECONOMICS: April 10 Warm-up On two separate loanable funds market graphs, show: (1) a change in SLF and an explanation why SLF may change; and (2)

AP ECONOMICS: February 25

Chapters 1-3 Test on Friday (warm-ups due on test day)

AP ECONOMICS: November 8

ECONOMICS: October 26 Warm-up: Poverty Guidelines (class set HO) See, Think, Wonder Economics Learning Target #1 In order to understand how to measure.

ECONOMICS: October 2 Ch. 4-6 Test is TOMORROW

AP ECONOMICS: September 5

AP ECONOMICS: September 8

Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)

ECONOMICS: August 26 Warm-up Name the four resources necessary to make products in an economy Learning Target In order to understand the interaction.

Presentation transcript:

ECONOMICS: January 17 Warm-up Draw a production possibilities curve with cars on the x-axis and planes on the y-axis. Shift the PPC (inward or outward, your choice) and explain why that shift may have occurred. Learning Target #1 In order to understand the concept of economic growth, I will be able to explain the impact of fracking on the economy. I will know I have it when I can: (1) explain the pros and cons of fracking; and (2) illustrate how fracking impacts production possibilities. --Why Fracking and Why Now?; taking a look at fracking related maps; fracking debate (pp. 30-31); Fracking Mechanics Learning Target #2 In order to understand the interaction of markets, I will be able to explain the roles that people play in the market place. I will know I have it when I can label and explain the circular flow model of economic activity. --fillable circular flow model (Powerpoint); circular flow model hypotheticals Closure Real World Application of the PPC: impact of fracking on production possibilities .