Week 1: An Introduction
Today we will review how this class will work. It is a flipped class which means students do a fair amount of prep work and notetaking before coming to class. In lass we will do case studies, problems, and demonstrations of the concepts. Watching videos, reading articles and taking focus notes will be critical to the success of each student and the class.
To do before class:
____ Watch the videos below: They all come from mjmfoodie microeconomics channel on youtube
Episode 2 (E2): Scarcity and Choice
E4: Micro v Macro
E8: Opportunity Cost
E6: Graphing Review
____ Complete the focus notes below
Complete the following table in your notebook from the videos. You will probably need multiple lines per term. For Connection, I want you to come up with your own example or connect it to another term on this list or pinpoint why we care about this or if really stumped – try to form a question about what it is you don’t understand. I filled one in for you as an example.
|Positive Statement||A statement of fact. Proveable.||That car costs $17,500||As opposed to a normative statement|
|Positive or Direct Relationship||Draw a graph:|
|Negative or Indirect Relationship||Draw a graph:|