WARM UP 11/3/16

ongrats
ubs fans!

What are the three economic

questions that need to be

answered by a society? (Entre
Speed Dating)

Happy National Men

Make Dinner Day!

HHS

I can identify the four basic economic

systems and describe how they answer the

three basic economic questions.
I can evaluate the efficiency of each
economic system.

BY THE END OF CLASS

HOMEWORK

AGENDA
Warm-Up
3 basic questions
Intro to Unit II
Economic Systems Infographic

THREE ECONOMIC QUESTIONS

What are the three economic questions that

need to be answered by a society?

1.

What goods and services should be produced?

All production costs come at an opportunity cost.

2.

How should these goods and services be produced?

3.

Who consumes these goods and services?

Factor payments-the income people received for supplying

the factors of production.

How much should we pay the owners of the factors of

production?

Crash Course Economics - introduction

CREATING A PIKTOCHART
Go to Piktochart.com

emartin3@bcps.org Password:
EPIisthebest!
Open a blank template, title it with
Name Econ Systems
Using the sheet and looking at the
examples provided, complete a digital
one pager on the 4 economic systems.

REVIEW
Which is used most in todays

global economy? Which is used

least? Which economic system is
most efficient and why?