1. REVIEW: Download Unit 1 Real Talk Review This is a one-pager on the main concepts from Unit 1.
Due tomorrow 1/20: 1-print out of vocab; 2- completed examples for each vocab word; 3- completed essential questions; 4- completed Economic systems chart.
2. Download ECON Article Project Summary Form YOU WILL USE THIS FORMAT FOR ALL OF YOUR ECON PROJECTS.
ARTICLE PROJECT #1: Beijing and the iPhone4s Read the article. Answer the following questions and provide the information listed below based on the contents of the article.
Relate this article to at least 3 of the terms from your vocabulary sheet (HINT: Mixed Economy, CPE, goods, wants & needs, trade-off, opportunity cost)
The format includes all of the following:
WHO is the article referring to?
WHAT are the issues of the article?
WHEN did the event occur?
WHERE did the event occur?
WHY did the event occur?
HOW does this article relate to the 6 economics principles? YES. All 6.
1. People choose.
2. All choices involve costs.
3. People respond to incentives in predictable ways.
4. People create economic systems that influence choices and incentives.
5. People gain when they trade voluntarily.
6. People's choices have consequences for the future.