Unit 2 Microeconomics
- SSEMI1: Circular Flow of goods, services and money and Functions/Characteristics of Money
- Circular Flow Picture
- SSEMI2: Laws of Demand and Supply: Influence on prices, profits and production – Demand
- SSEMI3: Changes in demand and supply: prices, competition and government regulations
- SSEMI4: Business organization types and the 4 Market Structures in the U.S. Economy:
- Business Organization Types: either create scenarios depicting a business in each business organization type or create drawings of a business in each business organization type.
- Market Structures: Create an advertisement for a product in any of the four market structures (must be school appropriate). In addition they were to include a statement about which market structure their product belonged to and how it met that market structure’s characteristics.