Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome BackgroundsCommunication! Econ unit 1
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Communication Game Board Reasoning principles Econ 101 Vocab examples Econ systems t/f Final Challenge Final Challenge
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 100 All decisions have cost
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 200 People respond to incentives
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 300 A country’s standard of living depends on Its ability to produce
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 400 Rational people think on the margin
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 500 Consequences of choice lie in the future
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 100 Fundamental economic problem scarcity
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 200 Gifts of nature of natural resource land
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for nd choice opportunity cost
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 400 Decision making chart Cost Benefit Analysis
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 500 Individual right to your goods and talents Private property rights
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 100 City merger gets more money then the governor Paradox of Value
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 200 “consumer is always right” Consumer Soviernty
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 300 Walt Disney Entrepreneur
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 400 Employees are sent to training Human Capital
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 500 Former Soviet Union Command Economy
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 100 “The way it has always been done” traditional
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 200 A risk-taker in a market economy is a Entrepreneur
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 300 It provides full employment command
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 400 This type of economy values freedom market
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 500 Our economy is a ______ economy Mixed
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 100 Best things in life are free false
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 200 All decisions have costs true
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 300 Full employment means everyone has a job False
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 400 Opportunity cost is your second choice true
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 500 Rich people don’t face scarcity false
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Final Challenge! List the 7 national economic goals Freedom, equity, stability, security, growth, efficiency, full employment Write Your Final Challenge Wager