This document provides an agenda and learning objectives for an economics lesson. It includes a DO NOW asking students to define scarcity and discuss its importance. The agenda has 5 items: 1) DO NOW, 2) Review notes and an article, 3) Take notes on economic systems, 4) Learn about scarcity and opportunity cost, 5) Complete a factors of production chart. It lists 3 learning objectives: 1) Identify factors of production, 2) Explain scarcity's role in trade-offs and opportunity cost, 3) Give examples of opportunity cost from their own lives.

1. +
DO NOW
What is scarcity? Why is scarcity an important economic
concept? Who faces scarcity in the world? (Use your notes from
yesterday)

2. +
AGENDA
1. DO NOW
2. Review notes/ Sandy article
3. Economic System Notes
4. Scarcity and Opportunity Cost
5. Factors of Production Chart

3. +
Competencies/Objectives
1 Students will be able to discuss the main components of the
factors of production.
2 Students will be able to explain the role that scarcity plays in
leading to trade-offs and opportunity costs.
3 Students will be able to explain opportunity cost using
examples from their own lives.