Honors Economics (Period 3) Assignments

Add Chapter 16 to you reading (Ch. 13,1,4,15,16)

Read Chapters 13, 14 $ 15 -- Macroeconomics, measuring the economy.
Take notes!
Study the notes from Friday, March 22, 2013 -- GDP and all that ...

Read Clayton, Ch.8 --Labor issues
Quiz, Friday 3/8/2013 Terms, grraphs, essay; see p. 220, "Thinking Critically," #1

Finish matrix on Forms of Competition
In class, prepare for unit test, 03/04.2013
Ch 4,5,6 & 7

Focus your reading on the following: Ch 5, sec; ch 6, sec 2 and 3
esp., the role of prices in the market economy.

Quiz: Equilibrium point, Elasticity, Market disequilibrium.

Test on equilibrium, disequilibrium, elasticity (price floor, price ceiling) Definitions and graphs.

Practice quiz, Elasticity graphing

New Unit -- Demand, Supply and Market forces
Read Ch. 4,5,6,7
Be prepared for first Graphing quiz, 2/5/2013

Chart of the advantage and disadvantages of the three forms of business organization.
See, especially: Ch3, sec 1

For the quiz on Wed., 1/30/2013:
Know the five characteristics of a free market system.
Write a short essay expaining how these 5 characteristics combine to result in a self-regulating economy; i.e., Adam Smith's "invisible hand."

Using the chart on P.38 of the Clayton text, create your own, more detailed, list of the advantages and disadvantages of the three economic systems.
Refer to Clayton: Ch. 2
O'Sullivan/Sheffrin: Ch. 2; Sec. 1,2,3
Maximum size: 1/2 posterboard
Minimum size: One 8 1/2" X 11" piece of paper.

Formal presentation of the circular flow chart is due thurs. 1/17.
8 1/2" X 11"

Unit ONE
Read Chapters 1,2,3
Study the circular flow chart we developed in class. Quiz: Thursday 1/17/2013

Quiz on terms and concepts from Monday: 01/09/2013
New terms and concepts: 01/09/2013
Quiz on those terms and concepts: 01/11/13

TEXTBOOK EXCHANGE: FRIDAY 01/11/2013
Remember to bring your Government textbbok (Magruder's) and you ID!