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ECONOMICS: September 1 Warm-up: See, Think, Wonder Learning Target In order to understand the challenges resulting from the fundamental economic problem.

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Presentation on theme: "ECONOMICS: September 1 Warm-up: See, Think, Wonder Learning Target In order to understand the challenges resulting from the fundamental economic problem."— Presentation transcript:

1 ECONOMICS: September 1 Warm-up: See, Think, Wonder Learning Target In order to understand the challenges resulting from the fundamental economic problem of economics, I will analyze the different ways that societies and countries deal with this problem. I will know I have it when I can identify the three economic questions every society must answer and why they are forced to answer the questions. Conclude Ch. 1, Lesson 1, Day 2 (HO from yesterday) --conclude Adam Smith & the Invisible Hand; TINSTAAFL; 3 fundamental questions; 4 key elements of the study of economics as a social science Learning Target In order to understand why producers and consumers must make choices, I will analyze the concepts of tradeoffs and opportunity costs. I will know I have it when I can illustrate the concept on a production possibilities diagram. Follow along with “Our Choices and Theirs!” HO) --factors of production (aka resources) Assignment: --make sure you have read Chapter 1, Lessons 1, 2, and 3

2 September 1, 2017 l What do you see? I see What do you think about this? I think this relates to my life now (or will later) because What does it make you wonder? I wonder


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