This week we will watch the movie/ documentary Closed for Storm we will have a detailed discussion over the economic impact of man-made and natural disasters on both individual people Microeconomics and on large communities Macroeconomics. Be prepared to discuss and write about the movie and the resulting economics conditions left in the wake of the closing of the park.
Category Archives: 118.4.06
(6) Economics. The student understands the basic characteristics and benefits of a free enterprise system. The student is expected to:
(A) explain the basic characteristics of the U.S. free enterprise system, including private property, incentives, economic freedom, competition, and the limited role of government;
(B) explain the benefits of the U.S. free enterprise system, including individual freedom of consumers and producers, variety of goods, responsive prices, investment opportunities, and the creation of wealth;
(C) analyze recent changes in the basic characteristics of the U.S. economy; and
(D) analyze the costs and benefits of U.S. economic policies related to the economic goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency.