What you missed us cover in class:

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    1/9/19 

     Syllabus

    Marginal Utility and Opportunity Cost

    Factors of Production Simulation

    Levels of Questioning Discussion

     

    1/11/19

    Socialism vs Capitalism

    Business Cycle Vocab and Concepts 

    Circular Flow Diagram Preview 

     

    1/15/19

    Mod 1 and 2 Student questions

    Production Possibilties Curve 

    Allocative vs Productive Efficiency

    Comparative vs Absolute Advantage

    How do we calculate comparative advantage?

     

    1/17/19

    Macro vs Micro Econ

    Comparative Advantage Practice Problems

    Positive vs Normative Economics

    Intro-Mini Quiz

     

    1/22/19

    Laws of Supply/Demand

    Supply/Demand Graphs

    Why is Equillibrium naturally occuring?

    S&D Practice Problems

    Inferior vs Normal Goods

     

    1/24/19

    Practice S&D graphing

    Substitutes and Complements- PPs

    Shifters of Supply and Demand- go over

    Intro S&D planet moneys

     

    1/28/19

    Practice Substitute/Complement graph

    Simultaneous Shifts of S&D

    Price Floors/Price Ceilings

    Mini-Quiz- S&D

     

    1/30/19

    Review for Quiz

     

    2/1/19

    Quiz Sec 1&2

     

    2/5/19

    What is Counted in GDP? -Problems

    GDP Definition

    Expenditure Approach

    Income Approach

    What is NOT Counted?

    Nominal vs Real GDP

     

    2/8/19

    What is Not Counted in GDP? 

    GDP per capita

    GDP PPs

    Intro Unemployment- Types and Natural Rate

     

    2/11/19

    Unemplomyent Equations- Defintions

    Unemployment Practice Problems
    GDP Mini-Quiz

     

    2/13/19

    What is inflation?

    Costs of Inflation- Venezuela 

    Hyper-inflation vs gradual inflation 

    Unemployment Mini-Quiz