1. October 24, 2016
Agenda
Economies of SWA reading
Economies of SWA chart
• Notebook organization
• Study Guide
Warm-up
• What type of economy do MOST of the world economies operate?
Homework: Study Guide due

2. Unit 4: Economics in SWA
1.Unit 4 Standards
2.Warmup (10/3 – 10/14)
3. Econ. Vocab
4.Productive Resource Chart
5.3 Basic Econ. Questions
6.Resources Take Out
7.Bead Game Debrief
8.Economic Systems
9. Trade Barriers
12. Trade Memos
13. Investing in Resources
14. Why are nations wealthy?
15. Role of Entrepreneurship
16. Mixed Economies
17. Exchange Rates
18. OPEC
19. Power of Oil
20. Study Guide
21. Economies of SWA reading
22. Economies of SWA chart
10. Warmup (10/17 –10/21)
11. Specialization

3. Economies of SWA reading # 21
Economies of SWA chart # 22

4. Economies of SW Asia Israel Saudi Arabia Turkey Type of Economic
System
Mixed economy(more market than command)
Mixed economy (slightly more market than command)
Mixed economy (more market than command)
WHAT to produce?
Cut diamond products, computer software and hardware, mobile phone parts
Oil, date fruits, industrial chemicals
Textiles (clothing),kitchen appliances, televisions, automobiles, ships
HOW to produce it?
Use highly skilled workers to produce items
Invest in its capital goods and human resources to improve oil production for trade
Use their vast natural resources and large number of human resources to make their products
FOR WHOM to produce it?
United States, Europe, Canada
United States, Japan, Germany
Europe

5. Daily Closing
What happens with high literacy rates and low literacy rates in a country?