Monday December 12

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. pp 360-362.  Also write down the 4 characteristics of a good tax (361-2)!

Friday December 9

Intro To Taxes Notes

Tuesday/Wednesday December 6-7

Supply and Demand Exam

Monday December 4

Supply and Demand Rap Songs

Test Tomorrow!!!  Make sure you know the information below for the test!

Review Sheet

Law of Supply        Law of Demand      Elastic/inelastic        Equilibrium             Supply Schedule     Income Effect         

Ceteris paribus        inferior goods         Disequilibrium        price ceiling             price floor               Demand Schedule                  

Elasticity of Demand- (equations- p.92)                               

Determinants of Demand (income, expectations, tastes/preferences, substitutes, complimentary, population)

Determinants of Supply (technology, inputs, # of firms, government taxes/subsidies, disasters)

How to graph a change in supply/demand and give reasons (p. 117 and p. 86)

Thursday/Friday Dec 1-2

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 November 29-30

Today we played the Big Apple Game in class.  Data to be done next class.  See me if you missed

Monday November 28

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 17-18

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 15-16

Supply and Demand Worksheet

Supply and Demand Shifts

Monday November 14

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.

Watched short video explaining supply and demand
https://www.youtube.com/watch?v=RP0j3Lnlazs

REMINDER: TOMORROW IS THE LAST DAY TO TURN IN ANY MAKEUP/MISSING WORK!!!

Wednesday/Thursday November 9-10

Demand Curves Question

Supply Notes

Supply Reasons Worksheet

Monday/Tuesday November 7-8

Intro to Demand Notes

Intro to Demand Worksheet

Last day to turn in makeup work for this 6 week grading period is Tuesday November 15th

Thursday/Friday November 3-4

Unit 2 Exam

Tuesday/Wednesday November 1-2

Exam review-  Exam next class!

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 31st

Socratic Seminar-

See me if you missed class

Thursday/Friday October 27-28

Table of Contents: Bonds

Bonds Notes

Bonds Questions

Socratic Seminar Article

We will be conducting the seminar on Monday in class.  Be prepared to speak!
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 25-26

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

Work on answering test question #3- See me for the worksheet with all 4 exam questions

Unit 2 Exam Preview

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

Thursday-Monday October 20-24

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

Stock Market Project- Complete the stock market paper in Google Classroom

Due Dates:

Periods 3 and 4- Tuesday October 25

Periods 5, 6, 7- Wednesday October 26

Stock Tracking Sheet

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

The following are the game names and passwords for each class.  Make sure you register correctly for your own class.

Period 3

Game: cashecon3
PW: cashecon

Game: cashecon4
PW: cashecon

Game: cashecon5
PW: cashecon

Game: cashecon6
PW: cashecon

Game: casheconper7
PW: cashecon

Monday/Tuesday October 17-18

Finished Great Crash Timeline

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.

Handed out the Unit Exam question #4.  Tape/Glue/Staple the sheet into your notebook so you don't lose it.  As we go through this unit and address the talking points of each question, be sure to fill in those areas on the review sheet in preparation for the exam.

Refer to the book P. 290-291 as well as the Great Crash article for information.

Exam Question #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/Tuesday October 17-18

Finished Great Crash Timeline

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.

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

Handed out the Unit Exam Preview.  Remember, the 4 questions you see are the same 4 questions for the exam.  Tape/Glue/Staple the sheet into your notebook so you don't lose it.  As we go through this unit and address the talking points of each question, be sure to fill in those areas on the review sheet in preparation for the exam.

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

Tuesday/Wednesday October 11-12

Table of Contents: Great Depression

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.

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.

Monday, October 10

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.

If you missed class, come and see me and you can use a book in my class to do the work or you can check one out from the library.

Thursday/Friday October 6-7

Unit 1 Exam

See me for makeup if you missed class.  Exam must be made up within 1 week of your return to class.

Tuesday/Wednesday October 4-5

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 the 3 countries.

Reminder: We will be testing Thursday/Friday so make sure you are finishing your Exam Review in preparation for your essays.

Monday, October 3

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

Monday, October 3

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 September 29-30

Today we checked our Types of Economies Questions for points.

We played Econ Taboo in small groups and conducted a Tableau.  If you missed class, you need to see me on your own and get the makeup work.  This is a group activity so the assignment is mandatory.

Tuesday/Wednesday September 27-28

Table of Contents Assignments: Economies Notes/Questions

Economies Notes

Economies Questions

Refer to pages 26-28 for any help

Monday, September 26

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?

Tuesday-Friday September 20-23

-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

Monday, September 19

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/Friday September 15-16

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? 

Complete the Primary source document below as well as the Command vs Market gird worksheet.

Adam Smith Primary Source Document

Command vs Market- Why Adam Smith was right