Welcome Today is Tuesday, April 29, 2014 and you will need: Notebook Writing tool Homework Start up is your choice of STWC Please make a wise seating choice (you will be moving after the start up)

SEE, THINK, WONDER, CONNECT

Daily Learning Target “I understand three major economic theories and thinkers” Progression of Learning “I can draw some conclusions from the International Trade Game” “I can encourage learning in my group” “We can teach each other about economic thinkers and theories”

“I can draw some conclusions from the international trade game” Try to think of an example of each: People using their freedom People acting on fairness People being generous People being selfish Did the International Trade game reveal your human nature? -OR- Did the rules, set up, and objective of the game create your actions?

“I can encourage learning in my group” Groups of 3 Be aware of Keeping everyone engaged Getting off to a quick start Sticking to your own group

“We can teach each other about economic thinkers and theories” Scenario: A giant new Wal-Mart moves into a neighborhood and puts many small family-owned shops out of business. The newly unemployed people find jobs at the Wal-Mart but are paid much less than before. According to each thinker: What is the problem? How would they fix it? Who’s responsibility is it to fix?

Market EconomyCommand EconomyMixed Economy Individual consumers and producers, along with the laws of supply and demand, regulate the economy The government or some other authority sets prices, wages, and decides what should be produced

“We can teach each other about economic thinkers and theories” Smith Bakunin Marx

Fist to Five “I understand three major economic theories and thinkers” Reflection Question 1.Explain which thinker and type of economy you most agree with Homework International Trade Game homework due tomorrow, Wednesday

“We can teach each other about economic thinkers and theories” Scenario: Second one?? According to each thinker: What is the problem? How would they fix it? Who’s responsibility is it to fix?

Notes Awesome! This takes a little while, especially after the discussion of the game. All classes were struggling to get the venn diagram done and so we didn’t really go beyond slide five The complex instruction materials were pretty good