1. Do Now for Tuesday, October 18
We are entering Unit 2 – Microeconomics – write down the meaning of Microeconomics:
a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
This is what we will be learning specifically to start off with ---- WRITE THE BOLD WORDS
how individuals and businesses specialize
How both parties gain as a result of voluntary, non-fraudulent exchange.
Illustrate by means of a circular flow diagram, the Product market; the Resource (factor) market;
the real flow of goods and services between and among businesses, households, and government; and the flow of money.
Explain the role of money as a medium of exchange.

2. Do Now for HUMPday, October 19
We are entering Unit 2 – Microeconomics – write down the meaning of Microeconomics:
a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
This is what we will be learning specifically to start off with ---- WRITE THE BOLD WORDS
how individuals and businesses specialize
How both parties gain as a result of voluntary, non-fraudulent exchange.
Illustrate by means of a circular flow diagram, the Product market; the Resource (factor) market;
the real flow of goods and services between and among businesses, households, and government; and the flow of money.
Explain the role of money as a medium of exchange.

3. Do Now for Thursday, October 20
Explain (in at least two complete sentences) how a PENCIL is an example of how individuals and businesses specialize and how both parties gain as a result of voluntary, non-fraudulent exchange.

4. Do Now for TGIFday, October 21
Easy-peasy TGIF Do Now!! What is this type of chart called?