Objectives:
With this module students will learn about:
College Board Microeconomics Content Area
D. Firm behavior and market structure
1. Profit
a. Accounting versus economic profits
b. Normal profit
Georgia Performance Standards:
SSEMI4 The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy.
b. Explain the role of profit as an incentive for entrepreneurs.
Web based activities for this Module:
2. Additional Resources:
3. After viewing the videos and additional resources, take the quiz on Edmodo.
Non-Web Based Activities:
With this module students will learn about:
- Explicit vs. Implicit Costs
- Accounting Profit, Normal Profit, Economic Profit
- Law of Diminishing Returns
College Board Microeconomics Content Area
D. Firm behavior and market structure
1. Profit
a. Accounting versus economic profits
b. Normal profit
Georgia Performance Standards:
SSEMI4 The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy.
b. Explain the role of profit as an incentive for entrepreneurs.
Web based activities for this Module:
- Watch the following Video before class
2. Additional Resources:
3. After viewing the videos and additional resources, take the quiz on Edmodo.
Non-Web Based Activities:
- Textbook Chapter 20: Go to Edmodo calendar for quiz date.
- Cost Worksheet: Copy found on Edmodo
- Workbook Activities: List and due dates on Edmodo