Standard: a. Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and.

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Presentation transcript:

Standard: a. Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government regulation. Essential Question: What are the problems with a command economy? Warm up: On todaysmeet, tell what you think was going on in each situation. You have 7 minutes after the bell rings to tell me. It will count as a daily grade.

 For Market, Command, Mixed, and Traditional  1.What will we produce  2.How will we produce?  3.For whom to produce?

 Create a video like the Miley Cyrus faux news story we watched.  You must discuss at least three economic concepts from the vocab words. For example, comparative advantage, scarcity, and allocation.  You are to create a fake news story, or a fake story that lasts between 2-3 minutes. It is ok if you just talk on camera.

 Total of 12 extra points:  Includes economic concepts:3 points  Is creative:3 points  Relevant material: 3 points  Organized:3 points  DUE MONDAY!

 Ipads must be brought everyday  Ipads are an educational tool, and not for games or social networking.  Only access sites or apps that are being used or you are instructed to access.  Leaving accepted apps or websites will result in the Ipad being locked.  No cell phone. All cell phones go to cell phone jail!