Week 1 In-class

Soundtrack: Rolling Stones

Activities:

Spending Crime Reduction grant

Syllabus Review

Quiz 1

Graphing Intro and Practice

Terms:

Opportunity Cost, Marginal Cost, Marginal benefit, incentives, Diminishing Marginal Utility, Resources, Scarcity, X-axis, Y-axis, Direct or positive relationship, Indirect or negative relationship, ceteris paribus conditions, Formative v summative assessment

Be comfortable:

Preparing for future classes

Defining opportunity cost with an example

Create a graph from a data set

Interpret a given graph as positive, negative or no relationship

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