Thursday/Friday December 17-18

Pay Stub Example

Pay Stub Questions

Tax Tables
20 Questions

We also handed in our Stock Tracking Sheet.  You need to hand this in after the break if you did not do so.

Tuesday/Wednesday December 15-16

Federal Tax Notes

14.2 Questions

1. Why do employers withhold a set amount of your income?
2. What is taxable income?
3. What does Social Security provide?
4. What is Medicare?
5. What items are taxed for the purpose of changing behavior?
6. Explain pay-as-you-earn taxation.
7. What is the purpose of FICA?
8. Describe withholding and explain how it would affect someone with a part-time job.
9. How much of the federal government’s income comes from individual income tax?

10. What is the difference between an estate tax and a gift tax?

Where your tax dollars go pie chart
Make your own pie chart on where you would like to see tax dollars spent.  The example is the US division of income taxes in 2014

Monday December 14

Create a Classification Organizer for Taxes with 3 sub groups (Progressive, Regressive, Proportional) For each type of tax, tell me 3 things that the government uses that particular money for.

Group Tax Budget- See me about getting into a group.
Groups were assigned to make a budget for a nation.

Thursday/Friday December 10-11

Intro To Taxes Notes

Movie Notes on Types of Taxes
If you missed class read page 361 and take notes on the three tax structures. (Progressive, Regressive, Proportional)

Tuesday/Wednesday December 8-9

Supply and Demand Exam

Monday, December 7 Work

Presented Supply and Demand Rap Songs

Test Tomorrow!!!

Study up on the following:
Graphing changes in Supply and Demand
Determinants of Supply and Demand
Equilibrium
Determining Elasticity.
Law of Supply and Demand.

Thursday/Friday December 3-4 Work

Today we did the graphing from data taken off the Big Apple game.  If you missed class, you need to get the data from another classmate who was in class.

Make 5 line graphs (one for each round)
Answer the following questions.

1.  What is the price the apples are most frequently sold at in Round 3?

2.  In which round was there the greatest spread in price (range=lowest price to highest)?

3.  Why do you think prices became more concentrated (close together) at times? 

4.  Why did high profit takers have success? Ask students who made lots of money what strategies they used.

5.  What problems did you run into buying or selling?

6.  List 1 strategy that you employed to negotiate your prices.   Did your strategy work? Why or why not?

Supply and Demand Rap Song

Create a Rap song about Supply and Demand.  The song must have 20 lines and be school appropriate.  This is a mandatory assignment.  You don't have to rap it in front of the class.  If you want 10 extra credit points then you can rap it! Due Monday.

Tuesday/Wednesday December 1-2 Work

Today we played the Big Apple Game.  Data to be done next class.

Monday, November 30 Work

Today we finished the Elasticity worksheet and completed the questions below

Calculate the Elasticity of Demand and determine whether the demand is elastic, inelastic, or unitary elastic for the following questions

1. When price of a deluxe car wash rises from $10.00 to $11.00, the number of daily customers falls from 60-48.

2. A dentist with 80 patients cuts his fee for a cleaning from $60.00 to $54.00.  He now goes from 80 patients to 92.

3. An airline raises their baggage fees from $50 to $65, the number of flights drop from 100/day 88/day.

4. Price for a bushel of apples decreases from $4 to $3.  The number of bushels sold increases from 32-45.

5. A newsstand sells magazines for $2/magazine and will sell 100 at this price.  They raise their price 50% and in turn sell 50% less magazines.

6. Ashley raises the price in slices of pizza from $1.00 to $1.50; consequently she sells 3 slices instead of 4.

Thursday/Friday November 19-20 Work

Today we took a Supply/Demand Quiz- See me after the break to make it up!

Read and take notes pp 90-92
Pay special attention to the following 3 items on pages 91
1. Elastic
2. Inelastic
3. Unitary Elastic

Page 92 has two equations for elasticity.  Use the examples on page 92 for any help on how to find elasticity.

Elasticity Worksheet

Tuesday/Wednesday November 17-18 Work

Read Oil Supply Article.  Circle any vocabulary type words and underline any evidence that supports the question for each section. Answer each of the questions in bold about the article.

Supply and Demand Worksheet

Supply and Demand Shifts

We also started our Hoover Gift Drive.  We have a 3rd grade class with 13 girls and 14 boys.

Hoover Gift List

Reminder: Last day to makeup/retake an exam from this 6 week grading period is Wednesday, November 18th

Thursday/Friday November 12-13

Demand Curves Question

Supply Notes

Supply Reasons Worksheet

Reminder:  Last day to turn in late work for this 6 week grading period is Monday, November 16th

Last day to makeup/retake an exam from this 6 week grading period is Wednesday, November 18th

Monday/Tuesday November 9-10 Work

Intro to Demand Notes

Intro to Demand Worksheet

Last day to turn in makeup for for this 6 week grading period is Monday, November 16th.

Last day to makeup any exam for this 6 week grading period is Wednesday, November 18th.

Thursday/Friday November 5-6 Work.

Unit 2 Exam!

Tuesday/Wednesday November 3-4 Work

Investing Exam Thursday/Friday:  BE PREPARED!!!

Exam Review Worksheet (Test Questions #2 and #3)  I will collect this on Thursday/Friday for points.

Monday, November 2 Work

Socratic Seminar

Thursday/Friday October 29-30 Work

Diversification Worksheet

Socratic Seminar Article

Socratic Essential Question: Why is investing and important part of our economy and why is it important for individuals to invest?

Highlight points of emphasis in the article and write down at least one question you have about investing in order to contribute to the seminar

Tuesday/Wednesday October 27-28 Work

Period 1-Stock Project

Period 2

Table of Contents: Bonds

Bonds Notes

Bonds Questions

I handed out the Unit 2 Exam for preview.  See below.

1.  Explain the role and importance of financial intermediaries in an economic system and their involvement in investing.

Mutual Funds Financial Assets Diversification Portfolios Risk and Liquidity

2.  Compare and contrast the structure of bonds and money markets and the role each play in the financial system.

·         ·         Coupon Rate Maturity Par Value Types of Bonds Standard & Poor Types of Markets

3.  How is stock performance measured? What information can indexes give perspective investors?

Risks Brokers/Firms Stock Exchanges Bull/Bear Dow/S&P 500

4.  Analyze the events of the Great Crash of 1929.

Early 1920’s Stock Market Speculation Wealth Distribution Surplus of Goods Buying on the Margin Repayment of Loans

Monday, October 26th Work

Stock Project

Thursday/Friday October 22-23 Work

Period 1

Table of Contents: Bonds

Bonds Notes

Bonds Questions

We will do our Stock Market game starting Monday

Period 2, 7

Stock Market Project

Stock Tracking Sheet

Go to www.marketwatch.com click on games-find a game.  Register for free to create an account.

Period 2
Game Name: Casheconperiod2
Password: cashecon

Period 7
Game Name: casheconperiod7
Password: cashecon

Tuesday/Wednesday October 20-21 Work

Table of Contents: Stock Market

Watch the 9 min video clip on the stock market: https://www.youtube.com/watch?v=GnJCOof2HJk

Stock Market Notes: Take notes starting on Section 3 of the Power Point.

Complete the following questions:
P. 292 #1-3, 5, 7-9

I handed out the Unit Exam with talking points today.

1.  Explain the role and importance of financial intermediaries in an economic system and their involvement in investing.

Mutual Funds Financial Assets Diversification Portfolios Risk and Liquidity

2.  Compare and contrast the structure of bonds and money markets and the role each play in the financial system.

·         ·         Coupon Rate Maturity Par Value Types of Bonds Standard & Poor Types of Markets

3.  How is stock performance measured? What information can indexes give perspective investors?

Risks Brokers/Firms Stock Exchanges Bull/Bear Dow/S&P 500

4.  Analyze the events of the Great Crash of 1929.

Early 1920’s Stock Market Speculation Wealth Distribution Surplus of Goods Buying on the Margin Repayment of Loans

Monday, October 19 Work

Great Crash Primary Source Document

1. Number paragraphs
2. Highlight the author's claims. (A claim is an arguable statement or assertion made by the author. Data, facts, or other backing should support an author’s assertion)
3. For each of the 5 subsections of the article, summarize each section.  In other words, what is the author claiming in each section.

Wednesday/Thursday, October 14-15 Work

Table of Contents: Great Depression

1. Watch video and complete the attached worksheet
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.

3. Test objective #4 Worksheet-  Complete the worksheet using your knowledge form the video/textbook.  This worksheet is your 4th essay objective on the exam.

Monday/Tuesday, October 12-13 Work

We began an intro to investing.

Chapter 11 Tour-  In chapter 11 of the book there are 3 sections.  Within each section 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.  Do this for the whole chapter.

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.

Wednesday/Thursday October 7-8 Work

Today we turned in our Notebook Check.

Took the Unit 1 Exam.  See me for makeup

Monday/Tuesday October 5-6 Work

Table of Contents # 5: Speculation/Prediction

Speculation/Prediction Journal.  Read each of the following statements and predict what an outcome would be. (Note: think about what type of economy each statement represents)

Speculation Prediction Journal

1. Russia enters a world war

2. 100 new business a day start up in Hong Kong

3. A harsh winter kills half of an Amish community’s crops

4. The United States outsources most of its automobile Industry to China

5. African tribes experience a severe drought

6. A democracy lends way to an Authoritarian government

7. African tribes receive better education on farming

8. Chinese leaders allow citizens to privatize industry

9. United States sends people to help African tribes with food and water.

10. Businesses only hire people with a college education

11. Amish children are allowed to attend college

12. Russian women aren’t allowed to work outside the house

13. American companies move all operations back to the United States

14. Germany privatizes all education

15. Canada’s government places an embargo on the United States

Command vs Market (Why Adam Smith was right DBQ)

Exam review for Wednesday/Thursday.  

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, October 1-2 Work

Table of Contents Assignment #5: Economic Systems

Economic Systems Graphic Organizer: See below

Read about the following types of economic systems and make a graphic organizer for each system explaining what they are and identify examples.  Make sure you create a detailed explanation and not just the definition from the back of the textbook. 

Graphic Organizer Example 

1. Traditional (p26-27)

    Explain/Define/Characteristics

    Example: What country or culture is similar?

2.  Command/Centrally Planned (p 34-35)

    Explain/Define/Characteristics

    Example: What country or culture is similar?

3.  Market/Capitalism/Free enterprise system (p28-29)

    Explain/Define/Characteristics

    Example: What country or culture is similar?

4.  Mixed (p40 only)

    Explain/Define/Characteristics

    Example: What country or culture is similar? 

We discussed the various systems around the world and how they impact their people.  

We conducted a Tableau in class, acting out a historical photo.
No Homework!  

Tuesday/Wednesday, September 29-30 Work

Turn in article and questions from last class.

Table of Contents Assignments #3: Economies Notes/Questions

Economies Notes

Economies Questions

Refer to pages 26-28 for any help

Monday, September 28th Work

We finished presentations.

Why Capitalism is Good article.

A. Number paragraphs
B. Read and highlight main points in the article.
C. Answer the following 4 questions:
1. What do I understand about this section?
2. How does this section connect with surrounding information?
3. What questions do I have? What do I need to know?
4. Talk about the reading with a classmate. What did you learn about the text from your discussion?

Thursday/Friday September 24-25 Work

Inventions Presentations

Tuesday/Wednesday September 22-23 A/B Day Work

-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 

DUE THURSDAY for A Day Students
DUE FRIDAY for B Day Students

All 8 Period Day

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.  

Staple your summary and the article together and hand in to me.

Thursday and Friday September 17-18 Work

Table of Contents Assignment #2: Opportunity Cost

1.Know the difference between a want and a need.
2.Read and take notes on Chapter 1 Section 2 (Opportunity Cost) pp. 8-11 and double check notes with another classmate.
3. Chapter 1 Visual Vocab: Complete a Visual Vocab for the terms on page 20.  There are 10 terms. You are required to do 8 of the 10.  If you want 2 pts extra credit, do all 10 and show me!

How to do a Visual Vocab:
1. Write the term down
2. Give the book definition
3. Define it in your own words
4. Give an example of it
5. Draw a picture of it

Tuesday and Wednesday September 15-16 Work

1. Print out a Table of Contents (TOC) and tape/glue to the inside front cover of your notebook. On the first line of your table of contents write down: Factors of Production Activity.

Table of Contents Assignment #1: Factors of Production

2. 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.

3. Read and take notes on pages 3-4 (Scarcity and Shortage)
Watch video explaining scarcity: https://www.youtube.com/watch?v=Np-dZSdzymk

4. Complete the Intro to Factors of Production handout.

5. Make a Concept Map for both Scarcity and Shortage.  Refer to the attached example of a Concept Map.

8 Period Day

Syllabus due today!!!  Get it to me if you haven't done so.

Get your spiral notebook for the class!!!!

Activity #1: Factors of Production Notes
Read pp 4-5 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)

Thursday (A) and Friday (B) Day

Today we got our textbooks.  If you weren't here, please get your book on your own ASAP!

Goals:

Write down 15 things you want to accomplish by the time you turn 25

-Think about small, medium and large goals and short term, medium term, and long term goals.

For each goal, write down what you are currently doing or what you should be doing to achieve that goal.

Welcome back!

Today we handed out the syllabus.  Remember to return it signed Monday!
Bring your ID tomorrow as we are getting textbooks!!!

Have a great summer!

Economics Final Review Sheet

Key Terms and Ideas

inelastic                       law of demand                inferior good          elastic          complement    

substitute                     ceteris paribus              market                   surplus            

Factors of production  shortage                          bank run               entrepreneur   

Broker                         Bear Market                 Exempt                Regressive tax            

FICA                           Bull Market                   Gross Pay            Net Pay                      

Price of Inputs            Fixed Cost                      Human Capital      Supply curve  

Demand Curve            Property taxes                Income Tax          Sales tax         

Excise Tax                   S&P 500                      Compliments          Traditional      

Mixed                          Command                      Social Security     Types of Bonds

Budgeting- Auto Loan, Mortgage, Rent, Types of Insurance, Spousal Support, Child Support, Utilities

Taxes- tax brackets, evasion, types of taxes, tax forms, and deductions

Money/Banking- Types of money, Loans, FDIC, Mortgage, Checking

Today we started the monthly budget activity.  see me if you missed class

Credit Card Notes:https://drive.google.com/file/d/0B_gpVfHfuRG2al9qQXZCSU9uZW8/edit?usp=sharing
Write the following numbers in words as you would on a check
$14.56
$53.78
$74.00
$135.00
$392.12
$437.48
$872.12
$1,285.00
$6,189.87
$13,616.90

1. Assuming your net income is $1000 a month; would it be responsible to purchase a new HD TV with monthly payments of $90?  Why or why not?
2. What are the advantages and disadvantages of credit?
3. What are two types of credit cards and how are they used?
4. Why do you think students should or should not have credit?
5. What costs are involved with credit cards?
6. Why is it important to shop for credit?
7. What factors should you consider when shopping for credit?
8. How can you obtain a credit card?

Joe's Credit Application-  If you missed class see me for makeup work.

Banking Today Notes:https://docs.google.com/file/d/0B_gpVfHfuRG2dU15TWlyUk92OEU/edit

Bank Failure Video and Quiz today.

Watch the video here: Your Bank Has Failed

See me about taking the quiz


For Thursday we worked on the worksheet below

History of Banking Table

History of Banking Notes

Ch. 16 Exam and Notebook check today!

Chapter 16 Review
Pp. 436-437  #1-7, 9-17

Test on Tuesday and Notebook Check

1. 16.1 Notes
2. 16.2 Notes
3. Federal Reserve Functions Worksheet
4. Monetary Policy Worksheet
5. Ch. 16 Review

We discussed Tight vs Easy Money Policy, Inside and Outside Lags

Monetary Policy Worksheet

1.If you deposit $1,000 of borrowed money in a bank checking account, by how much do you increase the money supply?

2. Why does the Federal Reserve establish a required reserve ratio?

3. What three tools could the Federal Reserve use to adjust the money supply?

4. What two effects, leading to an increased money supply, could reducing the RRR have?

5. How do banks respond to a lowered discount rate?

6.  How does a raised discount rate affect bank loans and the money supply?

7.  How does the Fed’s sale of bonds reduce the money supply?

8.  Which of its monetary policy tools does the Federal Reserve use most often?