Economics

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Economics  
Activity Points % of Total
Discuss 105 6%
Exam 60 3%
Final Exam 100 5%
Journal 140 8%
Practice 360 19%
Quiz 540 29%
Test (CST) 350 19%
Test (TST) 200 11%
Total Points for the Course : 1855
Unit 1: The Game of Economics
Lesson 1.1: What Is Economics Anyway?
Activity 1.1.1: Study - What Kind of Game?
(Documents: Study Sheet)
See how economics can be understood as a game with rules that is played by people with different roles.   Duration: 40 min    
Activity 1.1.2: Study - What's It All About?
(Documents: Study Sheet)
Learn the basic concepts that define economics including goods services markets production distribution allocation and the circular-flow model.   Duration: 40 min    
Activity 1.1.3: Discuss - Playing the Game
(Documents: Discussion)
Discuss examples that show how you are involved in the game of economics.   Duration: 20 min Scoring: 15 Points Earned: In Progress Activity 1.1.4: Study - What's It All For?
(Documents: Study Sheet)
Explore the social goals pursued in an economy such as freedom efficiency equity security and growth. Learn how these goals are not always mutually compatible.   Duration: 40 min    
Activity 1.1.5: Study - The Facts of Life
(Documents: Study Sheet)
Explore the issues of scarcity and production in the economy.   Duration: 40 min    
Activity 1.1.6: Quiz - What Is the Economy Anyway?
Take a quiz to assess your understanding of the material.
  Duration: 20 min Scoring: 20 Points Earned: _____
Lesson 1.2: Different Ways to Play
Activity 1.2.1: Study - The Free-Market System
(Documents: Study Sheet)
Examine the role of private-property competition and the profit motive in the free-market system. Consider the ways the United States does and does not have a free-market economy.   Duration: 40 min    

Activity 1.2.2: Read - Freedom and the Free Market
(Documents: Reading Guide, Reading Materials)
Read excerpts from Adam Smith's The Wealth of Nations that connect the free market with personal and political liberty.   Duration: 30 min    
Activity 1.2.3: Study - Command and Mixed Economies
(Documents: Study Sheet)
Explore approaches to economic organization comparing command and mixed economies with the free-market system and considering how the flow-model differs.   Duration: 40 min    
Activity 1.2.4: Practice - What's in It for You?
(Documents: Practice Assignment)
Consider ways in which you benefit directly and indirectly from the free-market system.   Duration: 30 min Scoring: 30 Points Earned: In Progress Activity 1.2.5: Quiz - Different Ways to Play
Take a quiz to assess your understanding of the material.
  Duration: 20 min Scoring: 20 Points Earned: _____
Lesson 1.3: Dollars and Sense
Activity 1.3.1: Study - Costs and Benefits
(Documents: Study Sheet)
Learn about the concept of cost-benefit analysis and explore how it is used by both participants and policy-makers.   Duration: 40 min    
Activity 1.3.2: Practice - You Do the Math
(Documents: Practice Assignment)
Calculate the costs or benefits of making different choices in hypothetical situations.   Duration: 30 min Scoring: 30 Points Earned: In Progress Activity 1.3.3: Study - Taking the Economy's Temperature

(Documents: Study Sheet)
Learn about the indicators that economists and policy-makers use to measure the state and health of the economy.   Duration: 40 min    
Activity 1.3.4: Quiz - Dollars and Sense
Take a quiz to assess your understanding of the material.
  Duration: 20 min Scoring: 20 Points Earned: _____
Lesson 1.4: Technology and Economics
Activity 1.4.1: Study - Better Living through Technology
(Documents: Study Sheet)
Understand that technology is about both better machines and better ways of completing tasks. Learn about some important technological developments.   Duration: 40 min    
Activity 1.4.2: Journal - Technology and You
(Documents: Journal)
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