1.2 Resource Allocation and Economic Systems ⚖️

🎯 Learning Targets

• Define how resource allocation is influenced by the economic system adopted by society

⏰ What We Did

• Discussed the answers to yesterday's "Examining Mixed Economies" and The Tale of Two Cows cardsort
• Identify the economic system after being shown a commercial

⚙️ Resources

• The Tale of Two Cows Cardsort answers
• What Kind of Economic System?

📖 Corresponding Reading

• Chapter 2, Principles of Microeconomics

💻 Homework

• Read and take notes on Chapter 2 in PoM before M 15 Sep 2025