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

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Chapters 1-3 Test is Monday (warm-ups due on day of test) ECONOMICS: September 13 --2-3 Homework Check Warm-up: Text rendering on Standard of Living (in warm-ups) Follow with Ch. 3, Lessons 1& 2 HO: American Free Enterprise Capitalism Learning Target #1 (9-13) In order to understand how a free enterprise economy functions, I will analyze the characteristics of free enterprise capitalism. I will know I have it when I can: (1) identify and define the five characteristics of free enterprise capitalism; (2) demonstrate a fundamental understanding as to why the standard of living can rise or fall in a country; and (3) explain how compe-tition plays a key role in increasing the standard of living in a country. --two broad ways to study the economy; characteristics of free enterprise capitalism; more on the profit motive Learning Target #2 In order to understand the roles and responsibilities in a free enterprise economy, I will identify the participants in a free enterprise economy. I will know I have it when I can give examples of some key roles that each of the three participants play. --role of consumers, entrepreneurs, and the government Closure: see Ch. 3, Lesson 1 & 2 HO Assignment: read Ch. 3, Lesson 3; work on Ch. 1-3 Test Review (HO) Chapters 1-3 Test is Monday (warm-ups due on day of test)