1. AS Economics Mr. Durham durham.j@shishialevel.cn

2. Lesson Objectives
To understand and agree to the school policies for electronic devices
To acquire the appropriate materials necessary for note- taking, activities and homework
To understand scarcity and the need to make choices
Apply the concepts learned, to better appreciate the Economic Problem in future lessons

3. School Policy All electronic devices are strictly prohibited in class.
Use will result in confiscation and they will be given to your class tutor
E-dictionaries are permitted in my class only when you are working on an activity
English must be spoken in my classroom. English immersion is the key to success 

4. Note Taking Two A4 Notebooks required by all students Random Checks
Notebook One – Note Taking
Notebook Two – Activities & Homework
Random Checks
You will be called upon for me to review your notebooks at various times throughout the year
It is for your benefit, to assess your organization and completion of work

5. Exam Schedule & Preparation
Exact dates to be determined
October – first small exam
November – midterm exam
December – final exam
April – Mock exam
Syllabus
Divided into 5 topics – see textbook
Semester 1: Will complete topics 1 to 4
Semester 2: Will complete topic 5

6. Activity Groups: Teacher Assigned Question: What is Economics?
Activity: Discuss in groups how you would define this term.
One student records your ideas
One student writes on the blackboard
Time: 5 minutes

7. 3 Key Terms Economics: is the study of scarcity and choice.
The study of how society manages its scarce resources by making decisions
Scarcity: Where the amount of a thing is limited
A situation that results from the fact that we don’t have the ability to satisfy all of our wants.
Tradeoff: where something must be given up in order to have more of something else

8. Movie Put down your pens. No need to take notes
Can replay and I can share the video with you

9. Activity Groups: Teacher Assigned – Same groups as before
Activity: Textbook: Self-Assessment Task 1. Question 1
Time: 5 minutes

10. Activity Groups: Teacher Assigned – Same groups as before
Activity: Decide which patients receive medical care
One student records your ideas
One student writes on the blackboard
Time: 5 minutes

11. Homework Prepare: Get your notebooks this weekend
Next Class: Chapter 1-The Fundamental Economic Problem & Factors of Production
Pages 13-14