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Economics
Mrs. Palmer

Fall 2020

Glossary

Adam Smith's Ideas Changed the World

REGULAR ECONOMICS
Google Classroom

AP/IB ECONOMICS
Google Classroom

August 3

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The society that puts equality before freedom will end up
with neither.

Milton Freidman
 

***Feel free to use any of the resources on this page to answer the quiz questions.....Textbook, Power Points, Glosaary***

 
  • Basic concepts in Economics for AP/IB Students

  • LESSON

    ASSIGNMENT

    • Start a Google Doc word processing file
      Answer these questions on your Google Doc

      • 1. Define scarcity

      • 2. Define Economics

      • 3. Identify the relationship between scarcity and choices

      • 4. Explain how Macroeconomics is different than Micro

      • 5. Explain the difference between positive and normative economics

      • 6. Identify the 5 main assumptions of Economics

      • 7. Give an example of marginal analysis

      When the entire assignment is complete, email to Mrs. Palmer at the address below:

      Do not email individual questions, email all questions in one document

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Textbook Ch-2
Power Point Ch 2
 

Image result for the invisible hand
The Invisible Hand

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Textbook Ch-3

PowerPoint Ch-3

 

 

 

Textbook Ch 4
Power Point Ch 4
 

 

 

Text Chapter 5
Power Point

 
 
 
  • NSA Security Abuses
    • Take notes on video and turn them in for credit
    • Does the government abuse its power to spy on the American people
    • Takes notes on video and turn in for credit
 

Text Chapter 6
Power Point

 

 
Power Point

Chapter 7 Textbook

 
   

Text Chapter 8

Image result for lemonade stand

 

   
Glossary

 

 

Chapter 10 

   
Textbook Ch 11  
Textbook Ch 14