Transcript Focus High School Economics: Lesson 1

Focus High School
Economics:
Lesson 1- Intro
Ms. Ramos
Alta Loma High School
Introduction
Ms. Ramos
Objectives
• Analyze tradeoffs involved
in making decisions
• Analyze consequences of a
choice and determine
when those consequences
occur
Ms. Ramos
.
• Imagine you have two
extra hours tonight
that you did not
count on. What
would you do?
Ms. Ramos
Why can’t you do
everything you want?
SCARCITY
• Condition resulting from
limited resources but
unlimited wants
• Indiv, families, govt, &
societies deal with this
Ms. Ramos
On the half sheet:
• Write down four or five
activities you would most
like to do with 100 dollars.
• Write a star next to the
activity you would most like
to do and a circle next to
your second choice.
Ms. Ramos
Choice
Cost
Why did I place your
second choice under
cost?
Opportunity Cost
Ms. Ramos