At the end of the lesson, students should understand the following:
The fundamental nature of economics - unlimited wants and scarce resources and the need to make choices.
The three questions related to the economic problem and its implications for an economy.
A definition of opportunity cost.
Production possibility frontiers and their relevance to the concept of opportunity cost.
The purpose of the course is to give students a thorough understanding of the principles of economics that are applied to the functions of individual decision makers, both consumers and producers, within the larger economic system.
Lesson 1: Intro to Microeconomics
Lesson 1 Quiz
Lesson 2: Demand
Lesson 2 Quiz
Lesson 3: Supply
Lesson 3 Quiz
Lesson 4: Elasticity
Lesson 4 Quiz
Lesson 5: Consumer and Producer Surplus
Lesson 5 Quiz
Lesson 6: Market Structure
Lesson 6 Quiz
Lesson 7: Externalities
Lesson 7 Quiz
Lesson 8: Public Goods
Lesson 8 Quiz
Lesson 9: Consumers, Producers and the Efficiency of Markets
Lesson 9 Quiz
Lesson 10: The Cost of Production
Lesson 10 Quiz
**NOTE** You will need Microsoft Power Point for the first link below
Demand- CliffsNotes.com. Demand. 23 Jan 2008
http://www.bized.co.uk/educators/16-19/economics/marketfail/presentation/261,6,Positive and Negative Externalities
http://www.cabnr.unr.edu/price/APEC100/256,1,Market and Public Goods Failure: Externalities
GREAT EDUCATORS HAVE ALWAYS KNOWN THAT LEARNING IS NOT SOMETHING THAT'S LIMITED TO THE CLASSROOMS, OR THAT SHOULD BE FORCIBLY UNDERTAKEN UNDER THE SUPERVISION OF TEACHERS.
"BEING DOES NOT MEAN ACCEPTING WHAT ONE IS; IT MEANS CREATING ANOTHER SELF THAT DOES NOT EXIST."