Artisanal Firewood: Be prepared to discuss this video using the principles of economics we've covered so far.
Read Ch. 3 "Value and Demand"
The law of demand
Demand schedules & curves
What causes changes in demand?
The function of prices
Normal, Inferior, and Complementary goods
1. Widgets and Whajamas - to illustrate the Production Possibilities Curve or Frontier
2. Risk and Reward Game - a classroom simulation in stock & bond portfolio allocation
Homework (refer to class emails for due dates)