Thursday/Friday December 15-16

Supply/Demand Exam

Tuesday/Wednesday December 12-13

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)

Exam next class!

Monday December 11

Today we finished our Big Apple Graphs and turned in.

Periods 2 and 6 only:

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 next class!

Thursday/Friday December 7-8

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. 

Per 1 Data

Per 2 Data

Per 6 Data

Tuesday/Wednesday December 5-6

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.

We started The Big Apple Game in class and will finish next class.

Monday December 4

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

Thursday/Friday November 30-December 1

Intro to Demand Worksheet

Supply Reasons Worksheet

Supply and Demand Worksheet

Tuesday/Wednesday November 28-29

We finished the Demand Notes and completed the following:

Demand Curves Question

Supply Notes

Monday, November 27

Intro to Demand Notes

Thursday/Friday November 16-17

Unit 2 Exam

Tuesday/Wednesday November 14-15

Uni 2 Exam

Explain how Real Estate Investors analyze a deal.  What specifics must not be overlooked when analyzing a property and what criteria makes a property a good investment.
	·        Return On Investment (ROI) ·        Initial Investment ·        Cashflow ·        Surrounding area (amenities, neighborhood class)

2.  Explain the structure of Bonds as investments using examples.
	·        Coupon Rate ·        Maturity ·        Par Value ·        Types of bonds ·        Standard & Poor

3.  How is stock performance measured? What information can indexes give perspective investors?
	·        Risk ·        Brokers ·        Stock exchanges ·        Bull and Bear ·        Dow Jones ·        S&P 500

4.  Analyze the steps a Real Estate Investor must take in order to secure a property and Rent out. Explain the types of loans made available to investors and how a young investor can get started. Why is a lease an important document to have in Real Estate Investing? How can an investor maximize their rental property?
	·        House Hacking ·        FHA/Conventional ·        Agents ·        Inspections (What to look for) ·        Lease Agreement

Monday November 13

Complete the Rental Lease Assignment in GoogleClassroom.  Use the Rental specifics page to input the information into the Rental Lease

Wednesday/Thursday November 8-9

We played Cashflow game and finished our Property Analysis Papers in Google Classroom.  You must get the analysis completed and turned in otherwise you will recieve 0 points.

Thursday/Friday November 2-3

Property Analysis

Google Classroom- Analyze two properties to invest in.  Put your analysis on the Property Analysis sheet.  Once completed, fill out the Analysis Questions sheet

Use the following sites to look up properties.  Properties must be located Salem/Keizer south to Eugene (No Portland)
Zillow
Realtor
Redfin
Trulia

Use Zillow Mortgage Calculator to determine your monthly payments and interest.

Interest Rate = 4.0%
Down Payment = 3.5%
Closing Costs = 2% of sale price
Property Tax = See individual properties on Zillow and they will show you taxes for the year.

Tuesday/Wednesday October 31-November 1

Finished our discussion on House Hacking

Complete the House Buying Activity and the Property Inspection Activity in Google Classroom and submit when finished.

Monday October 30

Discussed FHA and Conventional Loans. 
Introduced House Hacking- (1st period we will discuss this on Tuesday)

If you missed class, get class notes or watch short video below

House Hacking Video

Thursday/Friday October 26-27

Cashflow diagrams

Steps to buying a House notes

Tuesday/Wednesday October 24-25

Bonds Notes

Chapter 11 Section 2 

1. Describe two ways in which investors can earn money from bonds.

2. Why are bond ratings useful to investors? 

3. Describe five different types of bonds. 

4. How do capital markets and money markets differ? 

5. What are the three components of bonds?  Explain what each component means. 

6. How do interest rates affect bonds? 

7. What is the difference between certificates of deposit and money market mutual funds?

Exam Question #2-Bonds (Go to Google Classroom and answer the exam question.  This will be yours to use to study for the Unit 2 Exam)

Monday October 23

Finish Stock Paper.  Due today!

Thursday/Friday October 19-20

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

Due Date: Monday, October 23

Monday-Wednesday October 16-18

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.

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 1, 2- Tuesday December 5

Periods 6- Wednesday December 6

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.

password for all classes: cashecon

See me to create an account and get into the game

Monday/Tuesday October 9-10

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.

Thursday/Friday October 5-6

Comparative Systems Analysis Due Today!

Unit 1 Exam

Tuesday/Wednesday October 3-4

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

Thursday/Friday September 28-29

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 26-27

Economies Notes

Economies Questions

Speculation Prediction Journal-  For each scenario think about the type of economy is being depicted and predict something that would happen in the economy based on the speculation.

Monday September 25

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 21-22

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

Tuesday/Wednesday September 19-20

Present Inventions today!

Monday September 18

Continue working on Invention Activity.  We will begin presenting inventions Tuesday/Wednesday.  You will have the first 30 min of class Tue/Wed to finalize your projects before presenting.

Thursday/Friday September 14-15

Assignment 1: 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, I would like you to write down (in 1-2 sentences) something you took away (learned, admired, something that intrigued you) from each article.  You are not paraphrasing what was written, rather you are telling me something that you thought was pretty interesting from the articles.

Assignment 2:

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 TUESDAY for A Day Students
DUE WEDNESDAY for B Day Students

Tuesday/Wednesday Sept 12-13

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.

Monday September 11

Handed out Syllabus (Turn in next class for Mandatory Points)
We handed out Table of Contents and taped in our notebook. (Get a spiral notebook for this class if you haven't)

Activity #1: Factors of Production Notes
Read pp 4-5 to understand Land, Labor, and Capital (Physical and Human) and take Cornell notes on each factor.

Thursday/Friday September 7-8

Goal Setting:

Take notes on the Power Point, watch the two Youtube videos and do the goal setting activity on the last page of the slide show.

Goal Setting Power Point

Reminder: Have your spiral notebooks for class by Monday!

Wednesday September 6

Welcome back!

Today we went over class rules.

Reminder: Bring a spiral notebook to class to use only for this class by Monday!

Thursday/Friday May 18-19

Tax Exam

Tuesday/Wednesday May 16-17

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 15

Finished questions from last class and turned in Taxes/Spending questions

Thursday/Friday May 11-12

Prezi on Unemployment: 

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.

Tuesday/Wednesday May 9-10

Taxes and Government spending worksheet

Monday May 8

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?