Thursday, August 31, 2017

Day 4 Agenda (Thursday 08/31/17)

Mr. C's SMART Lunch Availability This Week
Lunch Monday Tuesday Wednesday Thursday Friday
A CLOSED Period 2 Period 3 Period 4 By Appointment
B CLOSED By Appointment CLOSED By Appointment By Appointment
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."
- Pink 

Agenda
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


Homework
Read and Note pages 22-33