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![Page 1: Welcome Back! Class of 2014!. Welcome Back Economics is a required course for graduation. A great economist once said that Economics is “the study of.](https://reader035.fdocuments.in/reader035/viewer/2022062519/56649ef05503460f94c00de3/html5/thumbnails/1.jpg)
Welcome Back!
Class of 2014!
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Welcome Back
•Economics is a required course for graduation.
•A great economist once said that Economics is “the study of mankind in
the ordinary business of life.”
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Course OutlineTeacher
Mr. Laury
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My Job
• To provide a positive learning environment for my students
• To not only teach students Economics but to introduce students with the tools necessary to succeed in life.
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Course OutlineCourse Description & Objectives
Course Materials
Grading
Late Work
Absences & Tardiness
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Do & Don'tDo
• Respect: yourself, your classmates and your teacher
• Encourage, support, and help your classmates
• Participate in lessons and discussions
• Ask questions !!!!!!!
• Ask for help !!!!!!!!!
• Follow rules and regulations found in the student handbook
Do Not• Utilize personal electronic
devices in class (unless I authorize it and only class related)
• Sleep during class
• Speak out of turn during lesson or discussion
• Get out of seat during lesson or discussion
• Horseplay
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Policy & Procedures• Talking:
– When speaking speak a low volume
– Do not speak during teachers lesson unless called upon. – Raise your hand before asking questions or making a comment.– Use appropriate language.
• Seating: – Remain seated unless.......– Never leave your seat while the teacher is in the middle of a
lesson or giving instruction. – One seat per student.
• Bathroom: – Go before class– If you have to go please take the pass and go.– Ensure that you are gone no longer than 5 minutes.
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• Bullying: – Do not bully or tease your peers. This is a
positive environment.
• Horseplay: – No throwing things– Keep Your hands to yourself
Policy & Procedures
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Emergencies
• Please exit to the right and out the nearest door. We will meet in the parking lot.
• In case of lockdown, stay in your seat and follow my instructions.
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Discipline Plan
• Verbal re-direction• Student-teacher conferences• Verbal warnings• Re-Seating• Parental / guardian contact• Contact with other members of faculty and staff• Tickets• Suspension of privileges• Office referrals• Parent/Guardian conference
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The Challenge
• To come to class everyday with a positive attitude and to put forth a maximum effort.
• To have fun while remaining on task and learning.
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Tell me about you
• On the index card:
• Name:
• Parent or Guardian’s name and best number to reach them:
• What are your future plans?
• Two things you want me to know about you?
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• http://www.course-notes.org/Economics/Macro_Economics/Outlines/Macroeconomics_15th_Edition_Textbook
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Studying Economics will help us in ourdaily lives.
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So, what is Economics?
• The dictionary definition of Economics is that Economics is the study of the production, distribution, and consumption of goods and services.
• But Economics is much more than that.
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Here’s a clue: No matter how muchmoney we have, we always want more. Yes, we always want more.
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Why do we always want more?
• Economists believe in a concept called scarcity.
• Scarcity is the idea that our resources are limited but our wants and desires are unlimited.
• Think about it. Twenty dollars can buy many different goods. Is there only one item you want? Or would you like more?
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We have so many options but we mustchoose. We cannot have everything.
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Scarcity
• To think like an Economist, you must always remember that scarcity exists.
• You may only have ten dollars in your pocket but you can certainly think of a hundred different ways to spend it.
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So, how do we choose?
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Economics Can Help
• As we study Economics, we begin to understand that we must make choices.
• We begin to understand that we cannot have everything we need or want.
• We begin to understand that with every choice, there is a cost.
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If we choose to live near the ocean,we are more likely to experienceflooding.
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Every Choice Has Its Cost
• Economists also teach us that every choice we make has its cost.
• In other words, every time we get something, we give something else up.
• There is no such thing as a free lunch.
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If we surf the waves, we may breakour legs. Even fun activities havetheir costs.
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It’s all about making choices and knowing the costs of those choices.
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Questions for Reflection
• Define Economics.
• Why must people make choices?
• Define scarcity.
• Why do our choices cost us?
• Define cost.
• Why is Economics a required course for graduation?