Friday, December 21

Supply Reasons Worksheet

Supply and Demand Worksheet

Wednesday, December 19

We finished the Demand Notes and completed the following:

Demand Curves Question

Supply Notes

Intro to Demand Worksheet

Monday, December 17

Intro to Demand Notes

Friday, December 14

Tax Exam

Wednesday, December 12

Finished Business Org. Notes from last class and completed Business Org. Questions in Google Class

Exam Review
Tax Base            
Progressive, Regressive, Proportional (examples of each)
Characteristics of a good tax (explain each of the 4)
Types of business organizations- Explain sole proprietorship, partnership (General, Limited), Corporation (how to set up)
FICA (What programs does it support)   
W-4, W-2, 1040- Explain what each form does
What tax exempt means, give examples
Tax incentives (examples of what the government wants us to do)
How deductions/write-offs financially benefit us
Cashflow Quadrant (E, S, B, I)- Explain and give an example of each.

Exam on Friday!

Monday, December 10

Business Organizations Notes

Business Organizations WS

Friday, December 7

Cashflow Quadrant Video

Cashflow Quadrant

Wednesday, December 5

Income Tax/Deductions Notes

Calculating Income Taxes Questions

2018 Tax Brackets

Monday, December 3

Pay Stub Example (Google Class)

Pay Stub Questions (Google Class)

Friday, November 30

Federal Tax Notes

Taxes and Government spending worksheet

Discussed in class what a W-4, W-2 and 1040 Form are.  You need to get the notes if you missed class.

Wednesday, November 28

Take notes P 361-362 (Progressive, Regressive, Proportional and Characteristics of a Good Tax)

Federal Tax Notes

Federal Tax Video

Video Questions (google class)

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?

Monday, November 26

Intro To Taxes Notes

Friday, November 16

Unit 2 Exam

Wednesday, November 14

Investor Lingo Questions (Google Class)

Exam on Friday

1.  Explain the role and importance investing in a financial system.  Explain how multiple streams of income can generate wealth and ways to achieve this.

Mutual Funds Real Estate Diversification Risk and Liquidity

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

Coupon Rate, Maturity, Par Value Value Standard & Poor Types of Bonds

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 steps in buying an investment property and explain how House Hacking can be an economical start for a young investor

House Buying (Steps, Loan Officer, Agent, Earnest Money, Inspector, Contingencies, Titles) Loan Types (FHA, Conventional) Mortgage Types (Fixed vs Adjustable ARM) House Hacking Investor Lingo

Friday, November 9

Finish Property Analyzer Project

Last day to turn in any missing work is Tuesday!

Monday-Friday November 5-9

Finished Investor Lingo Notes

Property Analysis Project
Today we began our Property Analysis Project.  This will take the next two classes as we learn how to find and analyze a deal.

Go to Google Classroom- You will see 5 documents.  Two are analyzers which you will use to analyze two deals (one on each Sheet)
You will then put them down on a side by side comparison (Investment Analysis)
The Rental specifics sheet make up the directions for the assignment
The final sheet is the Property Analyzer questions.


LAST DAY TO TURN IN MAKEUP WORK FOR THIS 6 WEEK GRADING PERIOD IS TUESDAY, NOVEMBER 13

Friday, November 2

House Hacking Questions- Google Class

Took notes on Investor Lingo- Click Here 

Wednesday, October 31

Finished Buying a Property Worksheet (google class)

House Hacking notes- If you missed class see House Hacking Video.  Also look at House Hacking Video with numbers for a real life example.

House Hacking Video
House Hacking Video with numbers

House Hacking Questions (Google Class)

Monday, October 29

Finished Buying a House notes from last class
Also discussed FHA and Conventional Loans. 

Friday, October 26

Complete the Stocks/Bonds questions in Google Class.  Chapter 11 Section 2 in the book with cover Bonds (as will your notes from last class)

We began notes on how to buy a house
Steps to buying a House notes

Wednesday, October 24

Bonds Notes
Mutual Funds Notes
Answer the Stocks/Bonds questions in Google Class

Monday, October 22

Continue Stock Project/Paper
Paper Due Wednesday!

Wednesday, October 17

Read and take notes on Chapter 11 Section 3
Complete the 11.3 questions in Google Class

Monday, October 15

Great Crash PSD- Google Class
Read the article in Google Class.  For each of the 5 sections, on the attached document in Google Class, type a 1-2 sentence summary

Monday, October 8

Intro to Investing primary source document-  (Google Class) 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 in Google Class
Unintended Consequences Video

2. Make a timeline (in your notebook) of the Great Crash. Read pp 290-291 and put the events in chronological order.

Friday, October 5

Comparative Systems Worksheet- Assignment in Google Class

Click the link in Google Class to go to the CIA World Factbook

Click on the Map of the world to get to the appropriate country, click on country name and then from the dropdown below the country, you will find all information to plug into the Comparative Systems Worksheet.

Wednesday, October 3

Unit 1 Exam

Monday, October 1

Exam Review for Wednesday

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

Friday, September 28

Today we turned in our Types of Economies Questions (Google Class) for points.

We played Econ Taboo in small groups.  If you missed class, you need to see me on your own and get the makeup work. 

Wednesday, September 26

Economies Notes

Complete the Economies Questions and the Speculation-Prediction Journal in Google Class.

Monday, September 24

Why Capitalism is Good article. In Google Class

Read the article 
Answer the following 4 questions in Google Class:
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?

Friday, September 21

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 in Google Classroom as well as the Command vs Market gird worksheet which is also in Google Classroom.  

Adam Smith Primary Source Document

Command vs Market- Why Adam Smith was right

Wednesday, September 19

Today we spent the first part of class finishing our inventions and presented them in class.

Monday, September 17

Continue working on Invention Activity.  We will begin presenting inventions Wednesday.  You will have the first 20 min of class Wed to finalize your projects before presenting.

Friday, September 14

Finish Shark Tank Questions in Google Class from Wednesday and submit.

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 

Wednesday, September 12

1. 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.

2. Watch video explaining scarcity: https://www.youtube.com/watch?v=Np-dZSdzymk

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

4. Watched Shark Tank Pitch-  Click Here to Watch
*Take notes as you watch the pitch/Shark responses. 
*Things to pay attention to: Business idea, good and bad about the pitch, their attire, visuals, packaging, personality, Shark responses, offers/counter offers

5. Complete Shark Tank Activity in Google Classroom

Monday, September 10

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).  For each item, write down whether it is an example of Land, Labor, or Capital.

Friday, September 7

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 5

Today we handed out the syllabus  Remember to have parent/guardian either electronic sign or print and sign by Friday September 14!

Login to Google Classroom, have parent/guardian read the syllabus and then fill out the electronic signature page and submit.

We went over the syllabus in class, discussed class expectations and topics for the year.

Google Class codes are listed below

5th Period- g1vif6

6th Period- 352m3vn

7th Period- lafwbl

Tuesday June 5- Monday June 11

We did the Monthly Budget activity Tuesday/Wednesday. 

Thursday-Monday will be Final Exam preparation

Final Exam Study guide:

Economics Final Review Sheet

Inelastic/elastic                  law of demand                   inferior good        demand curve      S&P 500

substitute                            ceteris paribus                    market                 surplus                 Types of Bonds                              Excise Tax

Factors of production        shortage                              bank run               entrepreneur        Social Security                              Compliments

Broker                                 Bear Market                       Exempt                 Regressive tax     Command                              Sales tax

FICA                                    Bull Market                        Gross Pay             Net Pay                 Mixed                                  Income Tax

Price of Inputs                    Fixed Cost                          Human Capital    Supply curve       Traditional                              Property taxes

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-Loans, FDIC, Mortgage, Checking

Monday June 4

Credit Card Notes

Thursday/Friday May 31-June 1

Supply/Demand Exam

Tuesday/Wednesday May 29-30

Big Apple Game Graphing.  

Click on the link for the excel file with data.  Graph (bar Graphs) data for each of the rounds.  At the bottom of the excel file are tabs that say Per 1, Per 2, Per 6.  click on the tab that corresponds to your period and graph the data.  See me for any questions

Big Apple Data

Supply/Demand Review  (Exam next class)

Thursday/Friday May 24-25

We played the Big Apple Game and logged Data.  We will graph data next class.

Tuesday/Wednesday May 22-23

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.

Elasticity Worksheet

Monday May 21

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.

Finish Supply and Demand Shifts Worksheet

Thursday/Friday May 17-18

Intro to Demand Worksheet

Supply Reasons Worksheet

Supply and Demand Worksheet

Tuesday/Wednesday May 14-15

We finished the Demand Notes and completed the following:

Demand Curves Question

Supply Notes

Monday May 14

Intro to Demand Notes

Thursday/Friday May 10-11

Tax Exam

Tuesday/Wednesday May 8-9

Complete Estate Planning questions in Google Class
We played Jeopardy as a review (Exam Next Class)

Exam Review
Tax Base            
Progressive, Regressive, Proportional (examples of each)
Characteristics of a good tax (explain each of the 4)
Types of business organizations- Explain sole proprietorship, partnership (General, Limited), Corporation (how to set up)
FICA (What programs does it support)   
W-4, W-2, 1040- Explain what each form does
What tax exempt means, give examples
Tax incentives (examples of what the government wants us to do)
How deductions/write-offs financially benefit us
Will- What it protects and how it protects it.
Trust- How it protects your assets (explain the difference between a Will and a Trust)
Cashflow Quadrant (E, S, B, I)- Explain and give an example of each.

Monday May 7

Finished Estate Planning notes from last class.

Thursday/Friday May 3-4

Today we finished the Google Classroom activities and began our discussion on Estate Planning

Estate Planning Notes

Tuesday/Wednesday May 1-2

Finish Business Organization Worksheet from last class

Complete Business Activities in Google Classroom

Monday April 30

Business Organizations Notes

Business Organizations WS

Wednesday/Thursday April 25-26

Cashflow Quadrant Video

Cashflow Quadrant

Business Organizations Notes

Monday/Tuesday April 23-24

Income Tax/Deductions Notes

Calculating Income Taxes Questions

2018 Tax Brackets

Thursday/Friday April 19-20

Taxes and Government spending worksheet

Discussed in class what a W-4, W-2 and 1040 Form are.  You need to get the notes if you missed class.

Pay Stub Example

Pay Stub Questions

Tuesday/Wednesday April 17-18

Take notes P 361-362 (Progressive, Regressive, Proportional and Characteristics of a Good Tax)

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?

Monday April 16

Intro To Taxes Notes

Thursday/Friday April 12-13

Investing Exam

Tuesday/Wednesday April 10-11

Rental Lease in Google Classroom

Exam Questions for next class

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

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

Explain the role and importance investing in a financial system.  Explain how multiple streams of income can generate wealth and ways to achieve this.

• Mutual Funds
• Diversification
• Passive income
• Risk and Liquidity

Explain how real estate can be used as an investment. Discuss the types of loans and interest you can get.  Explain how House Hacking can benefit an investor and what Return on Investment means and why it is important to investors.  Using examples from your property analysis activity, give a detailed description of how cashflow works when House Hacking.  Why is a lease an important legal document for a landlord?

•  Fixed/Variable
•  FHA/Conventional
•  ROI      
• Multifamily property
• Net Cashflow (Gross, Mortgage, Management, Maintenance)

Monday April 9

Played Cashflow today

Next class we will review for our exam which we will take at the end of this week

Thursday/Friday April 5-6

Cashflow Game

Tuesday/Wednesday April 3-4

Finished Real Estate Analysis in GoogleClassroom

Monday April 2

Continued our property search.  Next class you need to have your two properties chosen and complete the comparative analysis in googleclass.

Tuesday/Wednesday March 20-21

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.  The website to use to calculate Return On Investment is listed int he description of the assignment

Use the following sites to look up properties (or any others you know).  Properties must be located Salem/Keizer south to Eugene (No Portland)
Zillow
Realtor
Redfin
Trulia
Rentometer
Rentcafe

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

Interest Rate = 5%
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.

We will continue working on this after Spring Break