1. 2/11 – Wealth of Nations AIM: What were Adam Smith’s contributions to economics? Opener: Download the reading from the weekend (online at THHS website). Then, write: – Two interesting facts you learned. – One question you have about the reading.

2. How does Adam Smith answer these questions?

3. Competition & Self-Interest What roles do competition and self-interest play in Adam Smith’s economic vision?

4. Scenarios: Explain the following scenarios from the viewpoint of Adam Smith: The rise of the phone companies BoostMobile and MetroPCS The popularity of Apple computer products

5. “Monopoly” as the Enemy Explain the following quote from the reading: “The great enemy to Adam Smith’s system is… monopoly in any form”.

6. Law of Accumulation vs. Law of Population How do these two “laws” balance each other out?

7. http://www.slate.com/blogs/moneybox/2013/02/07 /david_einhorn_sues_apple_over_its_cash_stockpile.html

8. The Role of Government What roles of government might be missing from Smith’s view? Explain.