In an effort to improve understanding of key terms I’ll be posting MP3 podcasts of “terms to study” regularly 
throughout the semester. These terms will serve as a core for unit comprehension and exams. Each is also listed in the classroom on the front whiteboard and will be targeted for class discussion. When I place a numeral that corresponds to a particular class hour next to the term on the front board, I will assume that all students in that particular class hour understands the term. Any student can veto my decision by a simple veto. We will continue to work through the definition until that student is comfortable with the term. However, one the class hour numeral is on the board, quizzes will be drawn from the corresponding term. All quizzes are two terms 10 point essay answers (twenty point total) and are based on a working understanding of the word; that means you’ll be answering in essay format. I am also posting audio podcasts of many of them below. Each podcast is two to five minutes in length.
Quizzes will be often and unannounced. So it is important for you to review your notes and the below podcasts regularly throughout the semester. Terms will also serve as a basis for Common Assessments. Consequently a good way to review for the Common Assessments would be to listen to the podcasts.
Terms in blue have been podcasted. Merely go to the term and you will find the podcast in MP3 format.
CHAPTER ONE – INTRO TO ECONOMICS
1/ 1 Scarcity and Factors of Production
- Needs & Wants
- Relative & Absolute Needs
- Scarcity & Shortage
- First and Third World Countries
- Goods & Services
- Maslow’s Pyramid– image
- Economics – a definition
- Infrastructure
- Outsourcing
- Privatization
- Diaspora
- Remittances
- Entrapranuer
- Factors of Production
- Capitol – Physical & Human
- Productivity
