Economics

Unit 1 | Topic 2.1 | The Three Key Economic Questions

What goals and values affect how a society answers the key economic questions?

Objectives

• Identify the three key economic questions that all societies must answer.

• Analyze the societal values that determine how a country answers the three economic questions.

• Define the characteristics of a traditional economy.

Procedure

1. Review the Aim and notes from your initial text read.

2. Participate in the corresponding lesson topic presentation, revising notes.

3. Watch corresponding video(s); further revising notes.

4. Complete teacher instructed assignments.

Extension

• Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.

• Complete the next topic's Interactive Reading Notepad.