Current Events:
Keynesian Economics According to the Center for Freedom and Prosperity
Today's lesson plan and HW is available on the blog: http://gmicksmithsocialstudies.blogspot.com/
Email: gmsmith@shanahan.org
The Shanawiki page (http://shanawiki.wikispaces.com/) has updated class information.
LibraryThing has bibliographic resources.
I moved the "Blog Archive" to the top right on the blog page so it should be easier to find the daily lesson, HW, and other class material.
We are addressing Chapter 2 in particular for the parts not covered in the Quiz. We will cover the non-Quiz material in Chapter 2 for a Test on Chapter 2.
References
Cf. Absolute Advantage: "NAFTA: Are Jobs Being Sucked Out of the United States?"
HW should be sent to gmsmith@shanahan.org
1. What did Ricardo's theory of comparative advantage suggest?
2. Use the web AmosWEB (http://www.amosweb.com/cgi-bin/awb_nav.pl) to define the following terms for HW:
production
resources
allocative efficiency
productive efficiency
purchasing power
factors of production
economic growth
standard of living
absolute advantage
comparative advantage
