Chapter 13:  What is an Economy?

Objective:  Students will be able to explain why economies are necessary.  Students will also be able to describe the basic questions which must be answered in an economy.  Lastly students will compare and contrast various types of economies.

Standards/Benchmarks:   E 1.1.1-Scarcity, Choice, Opportunity Cost, Comparative Advantage   E 2.2.1-Federal Government and Macroeconomic Goals   E 3.1.1-Major Economic Systems   E 3.1.2-Developing Nations   E 3.1.5-Comparing Economic Systems   E 3.2.1-Absolute and Comparative Advantages

Vocabulary:  Use vocab sheet to complete:

Lectures:

Chapter 13 PowerPoint

Chapter 13.1/Video Notes

Chapter 13.2 Notes

Chapter 13.3 Notes

Goals of the US Economy PowerPoint

Goals of the US Economy Notes

Assignments:

Chapter 13 Crossword

Four Factors of Production:  Pizza

Comparative Economies:  US, China and Chad

Projects:

Study Guide:

Study Guide