Preview

Economics

Satisfactory Essays
Open Document
Open Document
5343 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economics
Economics
Activity Points % of Total
Discuss 105 6%
Exam 60 3%
Final Exam 100 5%
Journal 140 8%
Practice 360 19%
Quiz 540 29%
Test (CST) 350 19%
Test (TST) 200 11%
Total Points for the Course : 1855
Unit 1: The Game of Economics
Lesson 1.1: What Is Economics Anyway?
Activity 1.1.1: Study - What Kind of Game?
(Documents: Study Sheet)
See how economics can be understood as a game with rules that is played by people with different roles. Duration: 40 min
Activity 1.1.2: Study - What's It All About?
(Documents: Study Sheet)
Learn the basic concepts that define economics including goods services markets production distribution allocation and the circular-flow model. Duration: 40 min
Activity 1.1.3: Discuss - Playing the Game
(Documents: Discussion)
Discuss examples that show how you are involved in the game of economics. Duration: 20 min Scoring: 15 Points Earned: In Progress
Activity 1.1.4: Study - What's It All For?
(Documents: Study Sheet)
Explore the social goals pursued in an economy such as freedom efficiency equity security and growth. Learn how these goals are not always mutually compatible. Duration: 40 min
Activity 1.1.5: Study - The Facts of Life
(Documents: Study Sheet)
Explore the issues of scarcity and production in the economy. Duration: 40 min
Activity 1.1.6: Quiz - What Is the Economy Anyway?
Take a quiz to assess your understanding of the material. Duration: 20 min Scoring: 20 Points Earned: _____
Lesson 1.2: Different Ways to Play
Activity 1.2.1: Study - The Free-Market System
(Documents: Study Sheet)
Examine the role of private-property competition and the profit motive in the free-market system. Consider the ways the United States does and does not have a free-market economy. Duration: 40 min
Activity 1.2.2: Read - Freedom and the Free Market
(Documents: Reading Guide, Reading Materials)
Read excerpts from Adam Smith's The Wealth of

You May Also Find These Documents Helpful

  • Good Essays

    Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What solutions need to be provided for your examples?…

    • 1578 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals.…

    • 1667 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Economics

    • 1459 Words
    • 6 Pages

    The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)…

    • 1459 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Macro 352

    • 3827 Words
    • 21 Pages

    mechanics of how the economy works as a whole, and the role of economic institutions. The topics we…

    • 3827 Words
    • 21 Pages
    Best Essays
  • Powerful Essays

    and published on or after September 1, 2011. It can be written in either Chinese or…

    • 2514 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    How do different economic systems respond to the 3 Key Economic questions? First of all, we need to…

    • 1424 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Econ1001

    • 873 Words
    • 4 Pages

    • Studies inflation, unemployment, business cycle, economic growth, income inequality • Studies how a consumer’s decisions, a firm’s decisions, and a laborer’s decisions, etc. • Economics is the studies of how economy functions — macroeconomics versus microeconomics • Microeconomics provides foundation for us to understand macroeconomics • Note the tentative nature of economic knowledge…

    • 873 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Econ 7002 Tutorial 1

    • 589 Words
    • 3 Pages

    Question 3: Graph the data in the table. Are there constant or increasing opportunity costs for the production of missiles? There are increasing…

    • 589 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    NYU supplement example

    • 1198 Words
    • 5 Pages

    A subject that combines both theoretical and analytical precision in order to observe “real world” problems is mesmerizing. I am constantly questioning how the world functions, the repercussions of each decision and the solutions we use to fix man made problems. It is through economics that I am able to satisfy this curiosity. Economics dictates the decisions we make as individuals to the structures created by firms and governments. Having witnessed first hand the economic effects of the Egyptian 2011 revolution, which has led to a temporarily dire economic state, has made me all the more enthralled by the subject and it’s undeniable significance in today’s world. The ongoing interpretation and analysis of current affairs allows for conflicting opinions that ultimately leads to debates, something that I relish. The first lesson I learned was that there is never enough of anything to fully satisfy everyone’s needs. In your personal affairs and your professional career, you will undoubtedly face problems of scarcity of where you must make choices. Those choices will have consequences. It is through the economics way of thinking that we can make better choices and therefore have a positive outcome. Being fully prepared with ability and dedication, any difficulties that I may come across will quickly be transformed into a solid and unwavering drive for success. I want to continue to question, expose and fully grasp the economic world I live in.…

    • 1198 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    It should use some economic concepts, something you have learned in this class. This does not mean that you have to use graphs or algebra—although you may if you want. Rather it means that you need to show that economic ideas can be useful in thinking about real-world problems.…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business and Technology

    • 544 Words
    • 3 Pages

    Know what a free market economy is and its relationship to the distribution of wealth.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Fundamental Economics Concepts: Opportunity Cost, Discounting principle, Time perspective, Incremental reasoning, Equi-marginal concept. Marginal concept in economics.…

    • 15127 Words
    • 61 Pages
    Powerful Essays
  • Satisfactory Essays

    Endesa Take Over Bid

    • 260 Words
    • 2 Pages

    hours to do whatever you want to do. In this period you have also two…

    • 260 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    maritime industry

    • 13127 Words
    • 53 Pages

    1. Define economics and trace briefly its evolution. Discuss allocation, distribution, and movement of factors of production in the domestic and international economy.…

    • 13127 Words
    • 53 Pages
    Powerful Essays
  • Powerful Essays

    Economics

    • 77647 Words
    • 311 Pages

    Economics comes from the verb ‘to economise’, and this means making ends meet. This is a study of how society makes decisions, regarding the allocation of scarce resources. Economics as a subject is divided into two parts;…

    • 77647 Words
    • 311 Pages
    Powerful Essays

Related Topics