Welcome to Mr. Otte's Jefferson Econ Class

The following link is to the class syllabus.
https://docs.google.com/document/d/1PMG4ohXLo-uTfqFWzlFgnCOnOCcFFAGltDd99etDBfI/edit?usp=sharing


Day 3 Assignment

Using your vocabulary from Day 1 - 3 answer the following questions with the use of your syllabus and class notes.

1.  Is this economics class a need or a want?  Why?

2.  How  might scarcity effect your learning in this class?  How do the three questions of scarcity relate to your learning in this class?

3.  What resources will you need to draw on for the class?  Not just those that are physically material.

4.  What are 3 incentives for this class mentioned in the syllabus?  How will they motivate you?

5.  What utility can you receive from this class both during and after?

6.  How can you economize this class to your advantage?

7.  Are there any trade-offs for this class?

8.  What is your opportunity cost for this class?

9.  Create a cost-benefit analysis chart based on the opportunity cost of this class.

10.  Identify your marginal benefit and marginal cost in your cost benefit analysis.