TODAY: Quick Write, Intro presentation (If you were absent look to the "1st Econ Presentation" to the right. and zoo exercise, Comparing terms (if time)
DO NOW: be seated quietly
DO NOW: be seated quietly
- cell phone away or it goes to the office
- get out a piece of paper, write your name and today’s date at the top,
- get out a piece of paper, write your name and today’s date at the top,
- finish this statement (about 75-100 words please)
Compare and contrast the two definitions of economics given below. (5 minutes) How are they the same, how might they be different.
Economics is the study of mankind in the ordinary business of life.
Economics examines how people use their scarce resources to satisfy their unlimited wants.
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