PEPS12

January 15 –>January 26

Entry into Economics Unit; PLUS – A look at North Korea (“Inside North Korea’s Dynasty” or “Dictator’s Dilemma“)

• Set up discussion/roundtable on Wage Initiatives:
  • Minimum Wage vs. Living Wage vs. Universal Basic Income
• Macro vs Micro Economics
  • Vocabulary:  In notes (see bolded terms below)
    • Economics
      • Crash Course video
        • Examples of personal choice & economics
      • Economics & Macroeconomics
      • Supply & Demand
      • Macroeconomics
      • Inflation Bubbles and Tulips
    • Macroeconomics vs. Microeconomics definitions
    • Command Economy, Market Economy, Mixed Economy, Traditional Economy
      • provide examples
    • Resource
    • Opportunity cost
    • Factors of production
    • Household
    • Markets
      • for goods and services
      • factor markets
    • Supply Chain
    • Economies of Scale
  • BLOG POST:
    • an example of a personal choice and economics (refer to Crash Course video listed above)
    • a product that you use/consume that is subject to supply chain issues
      • include place of origin of manufacturing, factors of production, path to market/household
    • Due Jan 16 (post and ready to discuss)
  • OPTIONAL BLOG POST (post by week of January 29):  “Is it time for a re-set in our Economic system?”
    • In reference to at least ONE of the articles below, what are your thoughts/opinions?
    • Due – post by Monday Jan 29
      • Article: “Capitalism Needs Reform”
      • Article: “…make Global Corporations pay their fair share …?”
      • Education & Wealth
        • Article: A Tuition Free Medical School
        • Video & Article: “Hope Chicago: Sending HS Students to College for Free …”
• Roundtable Debate – Minimum Wage vs Living Wage vs Universal Basic Income January 29