Econ Unit 1

Econ Unit 1
Introduction to Economics Unit 1 Scales
• Scarcity
• Opportunity Cost
• Trade-offs
• Circular flow of money
• Factors of production
• Land
• Labor
• Capitol
• Entrepreneurship
• Economic Choices
• Production Possibilities Model
Economic Systems
• Market, Command, Traditional and Mixed Economies
• Capitalism
• Socialism
Basic Economic Questions
• What to produce?
• How to produce?
• For whom to produce?

Class notes
Micro Unit 1 Basics
Micro Unit 1 Graph Review
Micro Unit 1 Logic Fallacies

Articles
Article #1 – Slaves, Snakes and Switching

Videos
Spontaneous Order – Stossel
Private Roads: Are they better than government ones?
Do we need traffic lights?
Cost/Benefit of college
One Red Paper Clip 20/20

Review Videos
PPC