Shadle Park Economics

American Economic System poster

1. Take notes out of the book on the following topics.

The four fundamental elements of the American Economic system. (CH. 2)

The roles of the government in the American Economic system.

The goals of the government in the American Economic system.

2. Provide a graphic representation (pictures, drawings, cartoons, etc.) of the American Economic system.

You are to work in pairs only, you may pick your partner, but you are to work together in accomplishing your task.

I don’t want you to rewrite your notes on this information. I want a creative, neat, and attractive graphic representation. I understand that not everyone is an artist. Do the best you can, if you are not artistic be sure to contribute to the creative effort. Participation will be a large part of the grade for this project. The project is worth 50 points, please take it seriously.

Completeness: 20

Participation: 20

Neatness: 10

Self-Interest and competition as a motivators in capitalism.

Greed video

Review Market Economy Goal – Discuss motivation in capitalism.

Private Property as a motivator.

Sharing Video- “elephants”

Prices as Signals book assignment

Red light Green light discussion

Entry task

Look up the production possibilities frontier/curve in your book. Draw your own unique version of a possibilities frontier/curve and illustrate opportunity costs. (It should be shown in two places on the graph.) Write a couple sentences explaining how a possibilities frontier/curve works and how it visually demonstrates opportunity cost.

Finish/Review Economic Economic Systems Graphic Organizer

Essential Elements of Capitalism/What Makes Capitalism Work?

1. Brainstorm the essential fundamental elements of capitalism with a partner or group of no more than 3. (Do not use the book.)

2. Narrow your list of elements down to what you think are the four most important elements.

3. For each of your four choices, explain why it’s crucial.

4. Define capitalism in your own words, not using the book or dictionary.

Private Property as a motivator.