Entrepreneurial Economics

PBL Presentations

EQ - How do the factors of production impact business decisions?

1. The Role of Businesses & Entrepreneurs
2. Introduction to Factors of Production
3. Project Based Learning Business Breakdown
1. Define your local business
2. What need/want does this business fill?
3. What resources are used to fill this need/want?
4. Classify these resources by type of factors of production
4. TOD
1. What role do needs and wants play in determining what is produced in an economy?
2. Think of something the you would describe as a "need" but your parents/guardians would describe as a "want."  Provide reasons to support both sides of the argument.
3. How does the availability of resources affect decisions that entrepreneurs make?

 EQ - How do supply and demand impact pricing strategies for entrepreneurs?

1. Activator: Supply and Demand Game
2. Vocabulary Review - Opportunity Cost and Scarcity 
3. TPS - Focus on Economics (p. 49)
4. Intro to the S & D curves
1. Demand 
2. Supply
3. Equilibrium
4. Surplus v. Deficit
5. Knowledge Check (Question #1 p. 54)