|Mr. C's SMART Lunch Availability This Week|
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Motivation for the Week:
"...we don't change. We take the gravel and the shell and we make a pearl. And we help other people to change so they can see more kinds of beauty."
1) Introduction to Eocnomics
We examined a more economic definition for an old school concept: Needs and Wants. We also discussed how the value something has is personal to the individual and is reflected in the price they would pay for an item (or sell the item).
2) Ten Principles of Economics
We examined more carefully the idea of Opportunity Cost by watching two short videos that demonstrate several economic concepts, but especially Opportunity Cost.
Economics Made Memorable Part 1: Costs
Economics Made Memorable Part 2: Benefits
Read and Note pages 22-33