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.