Intro to Entrepreneurial Economics

PBL Presentations

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

1. Activator - Concept Cars
1. What goes in to making these cars?
2. Can you categorize these resources?
2. Introduction to Factors of Production
1. Handout
2. Collaborative Analysis
3. 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)