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ECONOMICS: January 15 Warm-up See Ch. 1, Lesson 2 (HO) and record answers on dated warm-up sheet (first three boxes) --conclude Ch. 1, Lesson 1, Day.

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Presentation on theme: "ECONOMICS: January 15 Warm-up See Ch. 1, Lesson 2 (HO) and record answers on dated warm-up sheet (first three boxes) --conclude Ch. 1, Lesson 1, Day."— Presentation transcript:

1 ECONOMICS: January 15 Warm-up See Ch. 1, Lesson 2 (HO) and record answers on dated warm-up sheet (first three boxes) --conclude Ch. 1, Lesson 1, Day 2 (HO from yesterday) -3rd period: 3 economic questions -4th period: Invisible Hand video Learning Target In order to understand why producers and consumers must make choices, I will analyze the concepts of tradeoffs. I will know I have it when I can give examples of how tradeoffs impact decision-making in my life. Ch. 1, Lesson 2 (HO) (TURN IN) --factors of production (resources) --the role of the entrepreneur --Production Possibilities Model --tradeoffs and opportunity cost Closure Assignment Read Ch. 1, Lesson 3

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