Tuesday/Wednesday May 31-June 1

Credit Card Notes

Last Day for makeup work is Tuesday, June 7!

Thursday/Friday May 26-27

Look at the photograph on page 255 to answer the worksheet below.
Historical Photograph Questions

Chapter 16 Notes

Tight vs Loose Money Worksheet

Tuesday/Wednesday May 24-25

Banking Today Notes

Bank Failure Video and Quiz today.

Watch the video here: Your Bank Has Failed

See me about taking the quiz

We also discussed the difference between a Fixed Rate Mortgage (FRM) and and Adjustable Rate Mortgage (ARM).  See the video below for a quick comparison

Fixed vs Variable

Monday May 23

History of Banking Notes

Thursday/Friday May 19-20

Tax Exam

See me if you missed the exam to schedule a makeup time next week!

Tuesday/Wednesday May 17-18

Jeopardy Review

Review your tax notes, business cycle notes and unemployment notes.
Things to know:
Progressive, Regressive, Proportional
What each level of government gets their money from
Tax base
W-4, W-2, 1040
Charachteristics of a good tax
Frictional, Structural, Seasonal, Cyclical
4 phases of the business cycle
3 indicators of the economy (p. 538-539)

Monday, May 16

Unemployment DBQ

We turned in the questions from last week as well as finished the Unemployment DBQ in class for points.

Exam Thursday/Friday

Thursday/Friday May 12-13

Business Cycle Notes- pp. 310-316

Unemployment/Tax/Business Cycle Questions

1. What is Structural Unemployment? Give an example.
2. How do seasonal and cyclical unemployment differ?  Give an example of each.
3. When does cyclical unemployment take place?

4. What taxes go to Social Security and Medicare?
5. Why isn’t full employment the same as zero unemployment?
6. Explain the 3 tax forms and what their purpose is.
7. How has terrorism affected employment in the USA?
8. What does it mean to be underemployed?
9. What are the 4 characteristics of a good tax? Briefly explain each.
10. What are the 4 phases to a business cycle? Draw a pictorial representation of a business cycle.
11. What are the contributing factors to each phase regarding GDP?
12. What is stagflation?  Why is it a problem when an economy experiences it?
13. What are the 4 main economic variables that affect business cycles?
14. How can interest rates push a business cycle into a contraction?
15. How did the Great Depression affect economists’ beliefs about the macro economy?
16. At what point of the business cycle would you want to be?  In 1-2 sentences explain your reasoning.

Pay Stub Example 

Pay Stub Questions

Tuesday/Wednesday May 10-11

Today we discussed/showed what the W2, W4,  and 1040EZ forms are.

Prezi on Unemployment: 

Monday May 9

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

Create your own Pie Chart for Federal spending.  You can add or remove programs you don't want.  You % total must equal 100%.  You are essentially creating a Federal Budget according to how you would like to see it done.

Thursday/Friday May 5-6

Federal Tax Notes

Federal Tax Video

Video Questions

1.       How did ancient Mesopotamians pay taxes?

2.       At the most basic level, what do taxes pay for and why are they used?

3.       What is a luxury tax and a sin tax?

4.       List one tax that a foreign country has created.

5.       What are direct taxes?

6.       What are indirect taxes?

7.       How many tax brackets does the United States have?

8.       Why type of tax is a Flat Tax?

9.       What do economists say will happen if the government got rid of exemptions and deductions?

10.   What are the tax rebellions that have taken place?

Taxes and Government spending worksheet

Monday-Wednesday May 2-3

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)

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.

14.1 Questions

1.     List 10 things that are taxed.  Label each as being either Income, Sales, or Property

2.     Why do governments impose taxes?

3.     What are the four characteristics of a good tax?  Explain the meaning of each.

4.     Could we thrive in a society where taxes aren’t taken?  Where they are optional?  Explain.