Read 2 articles from http://money.cnn.com. Then write a minimum 3 paragraphs summary and opinion of each article you read. You must also write the title of the article, the reporter that wrote it, and the date. Turn in these papers when you are done.
Then do the Economic Decisions activity on a sheet of paper and turn it in before the period ends.
Economic Decisions
It is Friday night. Your only chunk of free time all weekend is tonight from 6:00 PM to 11:00 PM. Before deciding how you will spend this time, consider these factors:
• You have $40 to spend.
• You have an economics test on Monday.
• This is the last football game of the season.
• It is your mother’s birthday.
• Someone you like has asked you out on a date.
• Your favorite band is in town tonight.
Create a table showing how you plan to spend your time. In your table, create 3 columns: Time, Activity, Price. Then create 5 rows: 6 PM, 7 PM, 8 PM, 9 PM, 10 PM. Choose from the list of possible activities using the given time and price.
Possible Activities
Football game: 3 hours, $5
Dinner: 2 hours, $20
Movie: 2 hours, $10
Rock concert: 4 hours, $40
Study for test: variable time, $0
Hang out at friend’s house: variable time, $0
Work at job: variable time, earn $10 per hour
Family time: variable time, $0
Now answer these questions on a sheet of paper (write the questions &
turn it in at the end of the period).
1. What decisions did you have to make in this exercise?
2. What constraints did you face when making these decisions?
3. For each decision you made about how to spend your time, what did you have to give up?
Then do the Economic Decisions activity on a sheet of paper and turn it in before the period ends.
Economic Decisions
It is Friday night. Your only chunk of free time all weekend is tonight from 6:00 PM to 11:00 PM. Before deciding how you will spend this time, consider these factors:
• You have $40 to spend.
• You have an economics test on Monday.
• This is the last football game of the season.
• It is your mother’s birthday.
• Someone you like has asked you out on a date.
• Your favorite band is in town tonight.
Create a table showing how you plan to spend your time. In your table, create 3 columns: Time, Activity, Price. Then create 5 rows: 6 PM, 7 PM, 8 PM, 9 PM, 10 PM. Choose from the list of possible activities using the given time and price.
Possible Activities
Football game: 3 hours, $5
Dinner: 2 hours, $20
Movie: 2 hours, $10
Rock concert: 4 hours, $40
Study for test: variable time, $0
Hang out at friend’s house: variable time, $0
Work at job: variable time, earn $10 per hour
Family time: variable time, $0
Now answer these questions on a sheet of paper (write the questions &
turn it in at the end of the period).
1. What decisions did you have to make in this exercise?
2. What constraints did you face when making these decisions?
3. For each decision you made about how to spend your time, what did you have to give up?