Focus High School Economics: Lesson 1- Intro Ms. Ramos Alta Loma High School.

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Presentation transcript:

Focus High School Economics: Lesson 1- Intro Ms. Ramos Alta Loma High School

Introduction Ms. Ramos

Objectives Analyze tradeoffs involved in making decisions Analyze consequences of a choice and determine when those consequences occur Ms. Ramos

. Imagine you have two extra hours tonight that you did not count on. What would you do? Ms. Ramos

Why can’t you do everything you want? Condition resulting from limited resources but unlimited wants Indiv, families, govt, & societies deal with this SCARCITY Ms. Ramos

On the half sheet: Write down four or five activities you would most like to do with 100 dollars. Write a star next to the activity you would most like to do and a circle next to your second choice. Ms. Ramos

Choice Cost Why did I place your second choice under cost? Opportunity Cost Ms. Ramos