Thursday/Friday Feb 11-12

Period 1-2 Only!

Read the Primary Source Document-  There are 4 articles.  You need to use each article to fill in the Types of Economies Thinking Matrix.  

Types of Economies Primary Source Document

Types of Economies Thinking Matrix

Wednesday and Friday Feb 10 and 12

Period 7 Only:

-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 

We will finish and present on Friday

Monday, Tuesday, Wednesday February 8-10

Period 7:  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.

Period 1,2- 

Economies Power Point

Economies Questions

1.   How do mixed economies and market economies differ?  How are they the same?
2. Imagine you live under an authoritarian government.  Explain hardships you may face as a citizen.
3.   How does specialization make us more efficient?
4.    How does competition among firms benefit consumers?
5.   Explain why economic equality is difficult to achieve in a free market economy?
6.  What characterizes an authoritarian government?
7.  How do socialism and communism differ?
8.   Why are nations with centrally planned economies sometimes slow to succeed when they privatize industry?

Types of Econonomies Graphic Organizer

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? 

Thursday/Friday February 4-5

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.

Tuesday/Wednesday February 2-3

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.

Activity #1: Factors of Production Notes
Read pp 4-5 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)

Welcome back!

Today we handed out the syllabus.  Remember to return it signed Friday!
Bring your ID tomorrow as we are getting textbooks!!!