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Learn the basic concepts of economics through comprehensive vocabulary, engaging visuals and real-life examples. Understand economic systems, opportunity costs, incentives, and their impact on individuals and society.

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  1. Title Page • Using both the A and B side you must include these items: • Place the Title of the Unit at the top • Include Chapter and Section Titles • One color picture related to each chapter

  2. “See It, Say It” • Word • Color Picture • 3 Words that describe the definition

  3. FaceTime • Must be done on computer – PowerPoint, Prezi, Google, etc • Requirements • Term • No more then 10 word description • Real life example • Color visual

  4. Unit 1 – Intro to Economics • Title Page – chapters 1, 2 (20 pts) • Vocabulary (20 pts) • Capital, Scarcity, Factors of Production, Opportunity Cost, Trade-offs, Microeconomics, Macroeconomics, Economic Models

  5. Unit 1 – Intro to Economics • Ch 2 See It, Say It – 20 pts • Economic System, Traditional Economy, Command Economy, Market Economy, Mixed Economy, Economic Equity, Circular Flow, Competition

  6. Pennies a Day • Why is this video called Pennies a Day? 2. What problems might arise as a result of half the population being under the age of 20? 3. Would you have expected that illiterate women with no business experience could have started their own successful ventures with very small loans? Why or why not? 4. What were the social effects of financial success, particularly for women? How did financial success affect the families and villages?

  7. Opportunity Costs & Incentives • 2 Video Clips – John Stossel & Freakonomics https://www.youtube.com/watch?v=W2hhIWbz0Ns • What are the opportunity costs given in both videos? • What were the incentives in both videos? • How do the decisions made effect others?

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