Economics—periods 1 & 3 September 10, Warm up—List 3 economic actions you committed yesterday. 2. Economics and your ambitions 3. Readings, notes, and questions 4. Capitalism: 3 necessary conditions

1. What do you want to be when you grow up? What training, education, and experience are necessary to achieve this goal?

5 questions 1. What is economics? 2. List 25 ways people can earn a living. 3. List 25 ways people can spend their earnings. 4. What is the Global Economy? 5. How is wealth determined around the world?

3 conditions necessary for Capitalism  Private property  Freedom of movement  markets

Economics—periods 1 & 3 September 13, Warm up—What is economics? 2. Quick review 3. 3 conditions necessary for Capitalism 4. From Feudalism to Capitalism 5. A glimpse at the Wal-Mart debate

Economics—periods 1 & 3 September 14, Warm up—Why is respect for private property essential to a Capitalist economy? 2. Quick review 3. Factors of production 4. A glimpse at the Wal-Mart debate 5. Homework: Wal-mart article. Summarize. Draw conclusions? Are the concerns of critics valid?

Economics September 15, Warm up—Contrast the economic differences of life in towns with life on manor during the Middle Ages. 2. Quick review 3. Factors of production (notes and exercise)

Factors of Production  Population  Resources  Technology  Social Institutions

Factors of Production (continued)  Each contains its own set of variables  Change in any one factor can alter output  Change in output can alter factors

Economics September 17, Warm up—Explain how a change in technology can influence production. Give an example. 2. Factors of production (notes and exercise) 3. Observing economics

Outline the factors of production for each of following items: 1. Corn 2. TV 3. Bag of Chips 4. Pizza 5. Notebook paper

Factors of Production exercise Match each with the appropriate factor. Explain specifically what is it about each that makes it that particular factor. For example: Gold—Resource. Why? Gold is a material used to make a ring.

Factors of Production exercise 1) paint brush, 2) method of painting, 3) Paint, 4) painter, 5) Serfs, 6) Religion, 7) Saw, 8) birthright, 9) Money, 10) Style of painting,

Factors of Production exercise 11) Farmland, 12) private property, 13) government, 14) labor, 15) labor union, 16) land, 17) rock used to make something with, 18) rocks used to hammer a nail, 19) screwdriver, 20) orange juice.

Economics September 20, Warm up—When discussing the factors of production, what changes in a population might change output? 2. Books 3. Chapter 1—page

Economics September 21, Warm up—What is capital? 2. Quick review 3. Factors of production exercise.

Economics September 22, Warm up—What is scarcity? 2. Wal-mart examined 3. Complete Chapter 1—page Your Portfolio 5. Exam review 6. Review activity

Economics September 24, Warm up—Why is freedom of movement an essential condition to Capitalism? 2. EXAM 3. A new way of measuring costs.