- Spent a few more minutes getting everyone up to speed with their Google Drive folders and organization! Organization - it is the key to success!
- Next, we discussed some of the opportunity cost questions assigned from the night before. Students did a nice job.
- Then, we transitioned into the topic of RESOURCES. Mr.M explained that scarcity is caused by the fact that our wants/needs are greater than the available resources. So, what are these resources?
- Each student received a chocolate chip cookie. Working in their groups they tried to come up with a list of everything, I mean everything that was used to help make that tasty little thing.
- Groups shared their lists. Mr. M curiously organized these into 4 groups on a white board.
- Then, Mr.M shared what each category was labeled - Natural, Human, Capital, and Entrepreneur!
- Students fetched the Factors of Production from the myUSM site and we began to fill in some info while chomping on their cookies.
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| How many resources do you think were used to make this guy? |
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