Economics class expectations

Classroom expectations

Grading Policy:
Homework 15%
Class work 25%
Exams/presentations  60%


Bring a good attitude, a binder, and something to write with in class every day.  You will lose class participation points if you make the phone the center of your class.

You will have on average about an hour of homework each week.
Honors students will present 10 economic current event/podcasts  per term.
CP1 students will present 8 economic current event/podcasts per term.



I will be available for extra help almost every day, especially if you let me know you are coming.
My extra help day is Thursday at the Freshman homework club.

Economics Course outline

Economic Concepts

  Scarcity
  opportunity costs
  production possibilites curve
  role of saftety nets
  3 economic questions
Traditional, Command, Market Economies

Microeconomics
Supply and Demand
Elasticity
Market Equilibrium and the role of prices
Perfect Competition
Monopoly vs. Monopolistic Competition
Regulation and deregulation

Labor  and business
Sole Proprietorships
Partnerships,
Corporations


Macroeconomics
Fiscal Policy
Monetary Policy

Chapter 1 economics 2018-19

1(1)

 Economics

Need vs. Want-

Goods vs. Services

Scarcity vs. Shortage

Factors of production-  land, labor, capital

Physical vs. Human Capital

Entrepreneur-

Questions at end of section- Group______

1(2)
trade off

guns or butter

opportunity cost (best opportunity lost)

thinking at the margin (marginal analysis)

Questions at end of section-  Group  _______


1(3)
production possibilities curve

production possibilities frontier

efficiency

underutilization

cost

law of increasing costs  

Questions at end of section-  Group ______

Profile of Gary Becker  (p.7)  Questions 1-3   Group______

Safety at Any Cost  (p 19) Questions 1-2  Group  ______