Hello Everyone!!
Sorry I have jury duty and my copies were not ready so your assignment is to make sure you finish last week's handout and then skip CH 5. We will begin CH 6 you are responsible for reading through the ch and completing the key concepts and answering specific key questions. The numbers are on the board. Make sure you understand comparative advantage and there is a game for you to try out http://desertislandgame.com/ that explains this concept. Also check out https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-specialization-and-gains-from-trade for an explanation. For review check out the following ppt: http://www.reffonomics.com/TRB/chapter30/BasicConceptGraphs7.swf this shows graphs that you should know.
Hopefully I will be back on Thursday!!
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