Tuesday/Wednesday February 27-28

Chapter 11 Tour-  In chapter 11 of the book there are 3 sections.  You will only doe Section 1 and Section 3. You will see topics highlighted in RED. Read each highlighted topic (don't read the section)  and write down your best guess as to what that topic will cover.  This is your opinion and I don't expect you to be 100% correct.  

Create a Timeline of the Great Crash- Pages 290-291.  You should find 5 events to put on your timeline.

Unintended Consequences Video

2. Make a timeline of the Great Crash on the back of the worksheet. Read pp 290-291 and put the events in chronological order.

Monday February 26

Intro to Investing primary source document- CLICK HERE  (read the document and underline any important information regarding the importance of investing) After each paragraph, summarize the paragraph on the line provided on the worksheet.

Thursday/Friday February 22-23

Unit 1 Exam

Tuesday/Wednesday February 20-21

Exam review for Thursday/Friday

REMEMBER:  It is not enough to simply define the words/phrases below each of the exam questions.  I need you to cite specific examples/sources that we have used in class in your answers.  This will show me you truly understand what the question is asking and the material.  

1. Compare and Contrast the 4 types of economies.  Give detailed analysis on how each type works and  characteristics of each.

·         Traditional

·         Market

·         Command

Mixed

2. Explain how Entrepreneurship and competition is beneficial to a Capitalistic society.

·         Technology

·         Internet

·         Role of Government

Specialization

3. Explain how scarcity forces countries to make decisions on the production of goods and services.

·         Needs vs. Wants

·         Energy

·         Resources

Education

4. Analyze how the Factors of Production play an important role in the production of goods and services.

·         Land

·         Labor

·         Physical/Human Capital

Geography

Thursday/Friday February 15-16

Command vs Market Worksheet

We played Econ Taboo in small groups. 

Tuesday/Wednesday February 13-14

Economies Notes

Comparative Systems Worksheet

If you missed class, print out the worksheet above or come get from me ASAP and go to the CIA World Factbook website to answer the questions for 2 countries.

https://www.cia.gov/library/publications/the-world-factbook/

Monday February 12

Complete the Primary source document below

Adam Smith Primary Source Document

Thursday/Friday February 8-9

Present Inventions

Tuesday/Wednesday February 6-7

-INVENTION ACTIVITY

    Invent something that you think could make money.

    Invent a completely new product/service Or Improve a current product/service.

YOUR PRODUCT MUST BE REALISTIC (no technology that does not yet exist)

1. Explain your invention and how it works.
2. Provide a poster (8 ½ X 11) that shows your product/service.
3. Who is the product intended for? Why?
   (Males? Age group?, Middle class?)
4. Identify what is needed to make the product
   -Land: materials in the product
   -Labor: types of jobs employees will do
   |-Capital: tools/machines that are needed

Monday February 5

Assignment: Entrepreneur Web Article- Charting the Text

Print and read the  article  "New ways to strike it rich on the Web." (I have copies if you cannot print).  Underline/highlight evidence that supports the title.

When you are done reading/highlighting, go back and break the article up into at least 3 sections.  On a sheet of notebook paper, summarize each of the sections in your words.  It is entirely up to you as to where you break the article up.  Make sure you break it into at least 3 sections though and summarize.

Thursday/Friday Feb 1-2

Activity #1: Factors of Production Notes
Read pp 3-5 to understand Land, Labor, and Capital and take Cornell notes on each factor.

Activity #2: Think of a product you use on a regular basis. Make a list of 20 things that go into the production of that product. (Things that have to happen in order for that product to be produced, not sold). Look at your list of 20 things that go into a product from yesterday.  For each item, write down whether it is an example of Land, Labor, or Capital.