1. Wednesday September 17, 2014 Mr. Goblirsch – Economics
OBJECTIVE – Students Will Be Able To – SWBAT:
- Analyze the concept of externalities of an economic decision and review for the Unit 1 test.
AGENDA: 3rd, 5th, & 6th Periods
WARM-UP: Government & the Highway System
GUIDED PRACTICE: Annotating an Article on Externalities
Review for TOMORROW’s Unit Test
***PERIOD 3, 5, & 6: Unit 1 Test – Chapters 1-3 & Ch 8 TOMORROW***
Government & the Highway System WARM-UP: (Follow the directions below)
***5 minutes***
Read P. 71 “Government and the Interstate Highway System”
Why was it inefficient to leave highway construction to individual states?
Why do you think it took Congress so long to authorize funds for highway construction?

2. STRUCTURED ACADEMIC DISCUSSION Prior Knowledge
Recall the term externality
What are some of the positive externalities of the Interstate Highway System we just read about?
What are some of the negative externalities of the Interstate Highway System we just read about?

3. GUIDED PRACTICE Annotating
WHAT YOU ARE
LOOKING FOR:
Economic concepts
What’s the authors claim?
Externalities the author discusses
Do you agree or disagree with the authors claims?
DIRECTIONS:
As you read through the article, use the Close Reading handout to annotate the text.

4. UNIT 1 TEST – Chapters 1-3 & 8 CHAPTER 1 Scarcity Opportunity cost
Incentives
Entrepreneur
Factors of Production
Production Possibilities Curve
CHAPTER 3
Competition
Public goods
Externality
Free Rider
Role of government
Public safety & health
Safety Net
CHAPTER 2
Impact of Technology
Specialization
Free Market advantages
Centrally Planned characteristics
Factor & Product market
3 Economic Questions
Why is the “customer always right”?
CHAPTER 8
Sole proprietorship
Partnership
Corporation
Franchise
ESSAY QUESTION: Describe the economic system of the United States.
- Free Market characteristics
- Role of the entrepreneurs
- Role the American Government plays

5. Wednesday September 17, 2014 Mr. Goblirsch – Economics
OBJECTIVE – Students Will Be Able To – SWBAT:
- Identify key foundational economic concepts.
AGENDA: 4th Period ONLY
No WARM-UP
ASSESSMENT: Unit 1 Test
IF YOU FINISH EARLY: Work on DOW Stock Simulation for Week 4
***PERIOD 4: Unit 1 Test – Chapters 1-3 & Ch 8 TODAY***
No WARM-UP: (Follow the directions below)
***2 minutes***
Prepare to take Unit 1 Test
Pass your Economics Notebook forward
Take everything off of your desk except a pencil and a piece of binder paper