The Circular Flow Friday, Class #5 activities #1-#5 are due by activities #1-#5 are due TODAY at 5:00 pm. QuickStart QuickStart January 27 Friday, January 27th at 5:00 pm. The Economic ILA #1 is open. Part One is due at 8:00 am on 1/30 and Part Two Way of Thinking See posted on Blackboard under is due at 5:00 pm on 2/3. Modules Supply & Demand Learning Objectives for Fundamentals Week #2 – Define microeconomics and macroeconomics. Calculate and explain opportunity cost a production possibilities Identify the various resource categories used in economics. frontier. Define scarcity and explain its importance in economics. Identify comparative advantage using opportunity costs. Identify the opportunity cost of a choice. Identify patterns of specialization comparative advantage. Explain rational decision making. Identify the of trade using comparative advantage. Define marginal benefit and marginal cost. Illustrate the from trade in a production possibilities frontier Describe the relationship between marginal benefits and costs in model. equilibrium. Illustrate how increasing opportunity costs affect the production Explain how resources are combined to produce output. possibilities frontier. Model the flow of resources, output, and monetary transactions in a Construct and interpret a production possibilities frontier. simple economy Week Day Class Topic Assignment Reminder/Information # 3 Monday, Class #6 ILA #1 Part One: videos & questions due at 8:00 ILA #2 is open. Part One is due at 8:00 am on 2/6 and January 30 am. The assignment has been open for one week. Part Two is due at 5:00 pm on 2/10. Public Finance See posted notes on Blackboard under Modules Wednesday, Class #7 February 1 Measuring the See posted on Blackboard under Modules Macroeconomy GDP Friday, Class #8 ILA #1 Part Two due at 5:00 ILA #1 Part Two due today at 5:00 LearnSmart Achieve LearnSmart Achieve February 3 Online pm. The assignment has been open for 11 days. pm. The assignment has been open for 11 days.
The Circular Flow Friday, January 27 Class #5 The Economic Way of Thinking Supply & Demand QuickStart activities #1-#5 are due by Friday, January 27th at 5:00 pm. See posted on Blackboard under Modules QuickStart activities #1-#5 are due TODAY at 5:00 pm. ILA #1 is open. Part One is due at 8:00 am on 1/30 and Part Two is due at 5:00 pm on 2/3. Learning Objectives for Fundamentals – Week #2 Define microeconomics and macroeconomics. Identify the various resource categories used in economics. Define scarcity and explain its importance in economics. Identify the opportunity cost of a choice. Explain rational decision making. Define marginal benefit and marginal cost. Describe the relationship between marginal benefits and costs in equilibrium. Explain how resources are combined to produce output. Construct and interpret a production possibilities frontier. Calculate and explain opportunity cost a production possibilities frontier. Identify comparative advantage using opportunity costs. Identify patterns of specialization comparative advantage. Identify the of trade using comparative advantage. Illustrate the from trade in a production possibilities frontier model. Illustrate how increasing opportunity costs affect the production possibilities frontier. Model the flow of resources, output, and monetary transactions in a simple economy Week # 3 Day Class Topic Assignment Reminder/Information Monday, January 30 Class #6 Public Finance ILA #1 Part One: videos & questions due at 8:00 am. The assignment has been open for one week. See posted notes on Blackboard under Modules ILA #2 is open. Part One is due at 8:00 am on 2/6 and Part Two is due at 5:00 pm on 2/10. Wednesday, February 1 Class #7 Measuring the Macroeconomy GDP See posted on Blackboard under Modules Friday, February 3 Class #8 Online ILA #1 Part Two LearnSmart Achieve due at 5:00 pm. The assignment has been open for 11 days. ILA #1 Part Two LearnSmart Achieve due today at 5:00 pm. The assignment has been open for 11 days.
econ_2301_sp17_doty.docx