Hey folks! Nice job from everyone last week! This week we will look at economic systems, how we evaluate economic performance, and the structures of American enterprise. 

Here’s what you need to know:

Classes: Monday/Wednesday, 10:15 – 10:45 AM

Zoom ID: 723 9635 0716

*as always, please see Teams for the password.

Weekly Objectives

Topic 2.1 Economic Systems

Objectives: Identity the three key economic questions of what to produce, how to produce, and who consumes what is produced. Analyze the societal values that determine how a country answers the three economic questions. Explain the characteristics of traditional, command, and market economies and describe the societal values that influence them.

Topic 2.2 Evaluating Economic Performance

Objectives: Describe the basic economic and social goals used to evaluate economic performance. Evaluate the tradeoffs among economic and social goals.

Topic 2.3 American Free Enterprise

Objectives: Explore the characteristics of a free enterprise system. Describe the role of the entrepreneur, the consumer, and government in a free enterprise economy.

New Assignments

1. Topic 1 Quiz
2. Topic 2.1 Economic Systems
3. Topic 2.2 Evaluating Economic Performance
4. Topic 2.3 American Free Enterprise

Late Assignments (not acceptable after 9/7 at 8:00 AM)

1. Topic 1.1 Scarcity – Fundamentals of Economics
2. Topic 1.2 Opportunity Cost and Trade-Offs
3. Topic 1.3 Production Possibilities