Saturday, February 20, 2010

ECONOMICS

Hello, Economics Students:

We are now entering the Economics section of our course.

Please note that for the most part, homework will be assigned nightly. The assignments in class, as well as the homework assignments, will count as 1/2 (.5) of a weighted point. Therefore, every 8 in-class, or HW assignments will be the equivalent of one (1) 4.0 weighted test.

Here are your assignments for the week. Please note that HW will be collected at the beginning of the period. If you arrive late, you may not be able to turn in your HW.

Monday Night (Due 2/23/2010):

1 READ CHAPTER 1, Section of the Economics Textbook. CLICK HERE for the ONLINE TEXTBOOK. Please be patient, as the PDF file may take some time to download!

2. After reading the chapter complete the questions on p. 12 (ASSESSMENT), numbers 1-6. You must complete all of the questions.

3. If you did not complete TODAY'S IN CLASS ASSIGNMENT, you must complete it TONIGHT, to be turned in tomorrow. Please note that if you are late, you will not be allowed to turn in your work. CLICK ON THE LINK for the assignment.

Tuesday Night: (Due 2/26/2010)
1. Read Chapter 1, Section 2 of the Economics Textbook. Please click the link above for the on-line textbook.
2. Please complete the assessment for Section 2 on p. 21.


Friday: Complete the Chapter 1 Problem Sets. CLICK HERE FOR A LINK TO THE FOLDER CONTAINING THE PROBLEM SETS!
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2 comments:

  1. UnknownFebruary 21, 2010 at 2:12 PM

    Do we post the H.W. here or turn it in class?

    ReplyDelete
  2. Joanna RamirezFebruary 22, 2010 at 12:33 PM

    Government homework.

    Defining Terms
    Scarcity- an economic fact of life,much as the law of gravity is a fact of life
    Opportunity cost-Most valued opportunity or alternative you give up to do something.
    Economics-The science that studies the choices people make as they try to satisfy their wants in a world of scarcity.
    Wants-things that are desired to have , that bring joy and satisfaction
    Resource-needed to produce goods and service’s that satisfy our wants.
    Production Possibillities frontier-Combination of two goods that an economy can produce in a certain period of time.
    Rationing device- A way to decide who gets what portion of all the resources and goods available.

    Reviewing Facts and Concepts

    2.When there’s scarcity, that means that all the many things that so many people want are available- but due to the limited economic resource most have, it isnt possible to obtain.

    3.
    4.The opportunity cost for attending high school is almost the same for every student. Many kids opportunity cost is working... They rather do that for the money then obtain an education and earn more money in the long run.

    Critical Thinking

    5.If price wasn’t used as rational device - in order to watch the latest movie without having to pay money and still have it be fair to the movie maker and the movie watcher, we can trade food for a movie, or just let alone items that are used at movie theaters.

    Applying Economic Concepts

    6. No, it isnt an option - we already know he is going to college, and the tuition fee must be paid, therefore gallagher has no opportunity costs.

    ReplyDelete

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