Agenda 8/30/11

1. Bell Task: PPF Curves
Drawing on Board:

Where is the opportunity cost paid?
What does it mean to work inside the curve?
Can we get to the point outside the curve?

2. Discussion Chapter 1: PPF curves
3. HW: Exam Chapter 1 Thursday
Objectives Chapter 1 Due Thursday

Agenda 8/29/11

1. Bell Task: How would a hurricane like Irene possibly affect a countries Production Possibilities Frontier?
2. Chapter 1 Discussion
3. HW: Exam Chapter 1 Thursday

Agenda 8/26/11

1. Bell Task: Trading Activity Wrap-up

What trends did you notice about your happiness (utility)?

Why do you think this trend happened?

Why did we trade in a closed market for the first trade? What economic reality does this illustrate?

What lessons did you learn about economic activity?

2. Discussion Chapter 1: Opportunity Costs, Rational Choices, Factors of Production
Production Possibilities Frontier
3. HW: Finish Chapter 1 Objectives

Agenda 8/23/11

1. Bell Task: What is the study of economics? Why is it important?
2. Classroom Procedures/Syllabus
3. Why study economics
4. HW: Read Chapter 1 Sections A-C
Download Objective 1 Questions
Bring Item for Trading Activity

Agenda 8/22/11

1. About Me
2. Class Rules and procedures
3. HW:
a. Trading Activity: Bring cheap item to class in a bag.
b. Syllabus: Print, sign, return.