Chapter 1 Economic Systems and Decisions

Learning Target 1.B: I can categorize the types of economic resources (factors of production): Watch this short video for a quick tutorial. Learning Target 1.C: I can describe the basic economic problem of scarcity: Here's another good video to explain scarcity. And here is one for opportunity cost. Learning Target 1.D: Here is a video explaining the three basic economic questions. Learning Target 1.E: Here is a video explaining the four economic systems.  Learning Target 1.F: This video explains and give illustrations of the law of demand. Learning Target 1 F: This video explains and give illustrations of the law of supply. Learning Target 1.F: This video explains and gives illustrations of equilibrium price. Chapter 2 Economic Activity Learning Target 2A: I can analyze economic activity using the economic measure of Gross Domestic Product. (Here is a video about Potential GDP) Learning Target 2B: I can I can analyze economic activity using the economic measure of labor: Unemployment Rate Learning Target 2D: I can describe and diagram the four phases of the business cycle OR Khan Academy's explanation Learning Target 2E:  I can explain the causes of inflation, inflation and deflation (Consumer Price Index). Learning Target 2F: I can analyze economic activity using interest rates Chapter 3 Global Economics Learning Target LT3.A: I can use vocabulary terms to explain why countries trade. Learning Target LT3.B: Introduction to Currency Exchange AND I can describe the factors that affect the value of global currencies. Learning Target LT3.C: I can compare and contrast protectionism and free trade: Why do countries restrict trade? Types of trade restrictions LT3.D: I can explain how a company may operate in an international business environment.