THE STORY OF STUFF.

See p. 15; the Circular Flow of Economic Activity; land + labor + capital = good and services; Copy and revise w/ Story of Stuff Information
ADD:
externalized costs,
Third world country
planned obsolescence,
perceived obsolescence
Draw the textbook model==insert new input from the movie;

HW:
Using the Summary; Do....Review the facts 1-10

IT's INVISIBLE!!!

Read Profiles in Economics Explain the ‘Invisible Hand’; laissez-faire;
answer 1,2
Read 19-21 Explain Trade offs, opportunity cost
Complete questions on Figure 1.5 and Economic Choices cartoon on 21

THE INVISIBLE HAND IS FOLLOWING YOU!! Beware!

THE INVISIBLE HAND IS FOLLOWING YOU!! Beware!
HW: Create a ‘pictoword’ for 5 concepts: Scarcity, Value, utility, wealth, Opportunity-cost, escalating expectations, goods, services, entrepreneurship, capital, factors of production, labor.

Read Profiles in Economics... Explain the ‘Invisible Hand’ and laissez-faire;
answer 1,2

Read 19-21 Explain Trade offs, opportunity cost
Complete questions on Figure 1.5 and Economic Choices cartoon on 21

Econ: Assessment after Paradox of Value...Why is a diamond (worthless stone) so valuable?

HW: Ch. 1 Sec. 2—Complete Assessment: 1,2,4,5,7

Economics: YOu can't Always get What you Want....

HW: Rewrite the Chart on p. 6; redesign
READ p 5-10. Answer 1-7.
HW: Chapter 1 Section 2. p. 12-13
Explain: Goods and services; value; Paradox of value, utility