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Week 2 Objectives

Week 2 Objectives. Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods Compare and contrast the role of government in a command economy and a market economy Summarize the characteristics of a free enterprise system.

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Week 2 Objectives

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  1. Week 2 Objectives • Identify the three types of economic systems • Summarize the goals that influence decisions about production and consumption of goods • Compare and contrast the role of government in a command economy and a market economy • Summarize the characteristics of a free enterprise system

  2. Monday 1-13 • Bell Work-copy types of econ matrix • Review week one concepts of scarcity, opportunity cost, principles that guide an economic way of thinking. • Econ Lab: working with scarce resources-smores

  3. Tuesday 1-14 • Review types of econ matrix • Group Review and quiz of econ systems • Group study and share out of economic goals: students are assigned one goal to study and share out with the class

  4. Block day 1-15, 1-16 • Bell work- complete questions about one economic goal • Group share out of one economic goal • Take notes from the student answers written on the board • Introduce the characteristics of a free enterprise system

  5. Week 3 Objectives • Describe the three types of business organization. • Summarize the advantages and disadvantages of a sole proprietorship, partnership, and corporation. • Explain the reasons that cause firms to merge. • Identify two different types of mergers. • Describe and illustrate the concept of demand. • Explain what causes a change in quantity demanded • Describe the factors that could cause a change in demand.

  6. Tuesday 1-19 FAFSA P.I.N. Workshop Bell Work: Draw a table using pages 57-66

  7. Objectives • Explain the reasons that cause firms to merge. • Identify two different types of mergers.

  8. Block 1-20, 1-21 Bell Work: • When it comes to partnerships one disadvantage is limited life. What does it mean when a business has limited life? • Identify the two types of partnerships. • Explain the term bankruptcy and why it is considered a possible outcome of a partnership. • Which type of business requires permission from the government and what is that document called?

  9. Bell Work • How Businesses Grow • Why Businesses Merge • Graphic Organizers • Quiz

  10. Graphic Organizers: Two Ways Businesses Grow: Reinvestment- Earnings put back into business to build firm. Mergers- Horizontal /Vertical

  11. Graphic Organizers:

  12. Graphic Organizers: Reasons Why Businesses Merge:Read page 69-70 and fill in the graphic organizer below:

  13. Assignment: Types of Mergers • Draw a Venn Diagram comparing the two types of mergers. • Draw an illustration of each type on the back side of your Venn Diagram • Explain how conglomerates and multinationals differ from horizontal and vertical mergers. Due Friday

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