Civics & Economicsby Matthew Caggia
- Semester 1 Bell Ringers
- Unit 1: Foundations of American Government
- Unit 2: The Constitution
- Unit 3A: Comparative Government- Legislative Branch
- Unit 3B: Comparative Government- Executive Branch
- Unit 3C: Comparative Government- Judicial Branch
- Unit 4A: Citizenship, Voting, & Elections
- Unit 4B: Political Parties & Influencing Government
- Unit 5: Making Laws
- Unit 6: Violating the Law
- Unit 7: Personal Financial Literacy
- Unit 8: Economic Fundamentals
- Unit 9: Government in the Economy
- Unit 10: International Economics
- Review Materials
- Landmark Supreme Court Cases
- Review Forum
- Essential Discussions
Unit 8: Economic Fundamentals
Chapter 18, 19 & 21
What does it take to think like an economist? For starters we need to understand opportunity costs, what are we giving up whenever we make a choice. To make educated decisions it is important to understand all the cost involved, fixed costs, variable costs, total costs, average costs, and marginal costs. Once the costs are calculatee we have to know what the dollar price of things we wish to buy, in our economy it is determined by supply and demand.
Study Tools
Mr. C's Economics Handbook
It's here! Mr. C's economics handbook! All the notes you wish you had but didn't have to write down! Download this pdf or view it on the web, this handbook includes everything you need to know about econoics for this Civics & Economics course.
Online Textbook Resources
These pages contain the links to the online content for student practice. It includes Chapter Overviews, Web Activities, Self-Check Quizzes, ePuzzles and Games, Vocabulary Flashcards, Charts in Motion (to accompany diagrams in the textbook), and Interactive Graphic Organizers.
- Chapter 18 Student Center: What Is Economics?
- Chapter 19 Student Center: The American Economy
- Chapter 21 Student Center: Demand and Supply
Vocabulary
Link to Quizlet! Vocabulary is the key to understanding any subject. Once you can break down the barrier of language the ideas and concepts are wide open. Here you can find the vocabulary for the unit to practice by using online flash cards and by practicing online generated vocabulary quizzes.
Unit 8 Vocabulary Quiz on QuizletWhen you get to the Quizlet Quiz page, you can adjust what type of quiz to take by using the check boxes on the right.
Slide Shows
The slideshows are best viewed full screen. Slideshows will be blocked until AFTER the homework is due to encourage students to read the required sections of the textbook.
Demand
Supply
Videos
Return to Mocha
This is a fun video from the 1980s (broken into three parts to fit on YouTube). This video illustrates the operations of the three basic economic systems: Command, Traditional, Market. On a deeper level, it also illustrates the concepts of absolute advantage and comparative advantage.
Economics Made Memorable
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This 10 minute Video is the first half of a demonstration on Rational Decision Making using the concepts of Opportunity Costs, Trade-offs, and Cost-Benefit Analysis.
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Another 10 minutes to show the conclusion of the first video... will he go to the BC football game next week? Before we can find out, we have to discover the benefit received by going to the game.