Friday, March 8, 2013

Economics: Day 1

Date
Wednesday, March 6


Pages covered
Period 5: 3-8
Period 6: 3-6
Period 8: 3-7


Topics covered:

Period 5: Scarcity, efficiency, economic goods, Adam Smith, cottage industry, John Maynard Keynes, Great Depression, post hoc fallacy, "keep other things constant", fallacy of composition, tariffs, the 3 problems of economic organization (What goods are produced?  How are goods produced?  Who gets the goods?), market economy, laissez-faire, command economy, mixed economy

Period 6: Scarcity, efficiency, economic goods, Adam Smith, cottage industry, John Maynard Keynes, Great Depression, post hoc fallacy, "keep other things constant", fallacy of composition, tariffs

Period 8: Scarcity, efficiency, economic goods, Adam Smith, cottage industry, John Maynard Keynes, Great Depression, post hoc fallacy, "keep other things constant", fallacy of composition, tariffs, the 3 problems of economic organization (What goods are produced?  How are goods produced?  Who gets the goods?)

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