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Economics

Page history last edited by Adam McGill 2 years, 7 months ago

Week of May 7th- 11th, 2018 

Monday -  Sub

Tuesday-  Game of Life Handout. Stay in Your Lane! Budget Project

Wednesday-  Approved Jobs and Salaries. Bureau of Labor Statistics and the Outlook Occupational Handbook. Remember, Starting salaries. Game of Life Handout

Thursday-   Work on Budget.

Friday- Work on Budget

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Week of December 11th - 15th, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  Practice Exam, testing protocols.

Tuesday-  Final

Wednesday-  Work on Project independently 

Thursday-   Work on project independently  

Friday- Last day for salary approvals 

 

 

 

Week of December 4th - 8th, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  Review Fundamentals. 

Tuesday-  Review Micro

Wednesday-  Review Macro 

Thursday-   Last Review Macro 

Friday- Review International Trade. Final on Tuesday. 

 

Final Review Guides:

Unit 1 Fundamentals

Unit 2 Microeconomics

Unit 3 Macroeconomics

Unit 4 International Trade

Unit 5 Personal Finance

Complete Final Review Guide from the state of Georgia. 

 

Week of November 27th - December 1st, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  All jobs and salaries must be approved by the end of this week.  Banking.

Tuesday-  Approve salaries. Credit Cards

Wednesday-  Approve Salaries: Stocks

Thursday-   Last Day to work on the projects in class..

Friday- Review Personal Finance. Look at Micro, Macro, Fundamentals, and International Trade next week.  

Final Review Guides:

Unit 1 Fundamentals

Unit 2 Microeconomics

Unit 3 Macroeconomics

Unit 4 International Trade

Unit 5 Personal Finance

 

 

Alternative Assignments: You may do one assignment, two assignments, three  assignments or no assignments. These are all optional. They are due by the start of class on Friday, December 1st, and will not be accepted after this time, NO EXCEPTIONS. DO NOT COPY FROM A NEIGHBOR; I WILL KNOW and I will disqualify both assignments; remember these are optional assignments. No partial assignments will be accepted; do it all or don't do it at all. 

Class#1: 2012 Presidential Election 

Class#2: Feudal Time Warp and questions

Class#3: Samuel and Risk only do the Sam activity

Test:  Test will come form USA Test prep. You can only take it once and that will be on Thursday. It will be over the entire semester. You may do the practice activities as many times as you like.

 

 

Week of November 13th - 17th, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  ESPN's Broke. Here are the questions for Broke. Remy, HBO's Ballers, Turnover Chain! Atlanta Falcons Contract. 

Tuesday-  Personal Finance Powerpoint: BUDGET PROJECT.

BLS.GOV - Bureau of Labor Statistics 

Starting Salaries - must be approved by me. 

FAFSA.gov 

Wednesday-  FAFSA Powerpoint: Project questions. 

Thursday-   Savings & the Stock Market

Friday- Independent Learning: Work on Project. Do and turn in to the sub: Jeff Samardzija vs. Megatron.  Here are your questions:

1) Why would Megatron's retirement make a baseball player feel better?

2) What does football take away?

3) What were the three reasons given to Samardzija as to why baseball was better? Explain the benefits of each.

4) Why didn't he go back and try to play two sports?

5) How is Jeff lucky? In what way was his luck driven by choices? 

 

 

Week of November 8th - 10th, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  No school

Tuesday-  No School

Wednesday-   Finish film; preview test over Unit IV, International Trade. (4th period worksheet).

Thursday-   Test preview; Brochure Interviews.  Test will be over the vocabulary and the film. 

Friday- Begin Unit V, Personal Finance. Getting into college. 

 

 

 

Week of October 30th - November 3rd, 2017 - Items in italics are assignments.

Essential Question: What is aggregate demand and supply?  

Monday: Assign Island.

The Tale of Two Islands (Steps 13-18) 

13) Use the rubric for your flyer to grade yourselves. 

14) Fill out planning sheet

15) Complete "Trade Agreement Poster Planner." This will help to organize your flyer. Use your annotated documents for ideas! 

16)  Use "Brochure" instead of flyer as your template. Clip of Microsoft Word Publishing layout.   Text Border and Shapes. Working with texts and Styles.

17) Create a draft of your flyer using MWP layout.  

18) Peer review your draft with another group. Classmate should give you a grade using the rubric.  

19)  Tuesday you will set up times to meet with me to present your work. 

Revised Question: How can we, as economic leaders of our islands, create a flier that uses economic theories to justify free trade and address protesters’ concerns, so that common citizens understand the benefits of trade? 

 

Tuesday-  Work/Finish Flyer

Wednesday-  Close out International Trade with film.  (Testing/No class 1st period)

Thursday-   Finish film. (Testing/No class first period)

Friday-  Test on Intl. Trade. Expect test on Wednesday. 

Resources:

CIA Factbook 

WTO Trade Agreements

 

 

 

Week of October 23rd - 27th, 2017 - Items in italics are assignments.

Essential Question: Who does trade benefit? Who does it hurt?  

Monday -  Globalization powerpoint.  Theo & the Shirt part I and part II.   

Trade at Work and Made in the World. Here are the Globalization questions from both videos. 

 

Tuesday- 

Immigration, Open Borders and Trade. Georgia Tech Class of 2005. 

US Immigration Services (Search for visas). 

Reverse Immigration   & Young Returnees

 

Resources:

CIA Factbook 

WTO Trade Agreements

US Trade Commission TPP Impact Study

Wall Street Journal Perspective

Wednesday-   

International Trade Project: Trans-Pacific Partnership. 

 

1) What are some of the goals of the TPP?

2) What do the three politicians think about the TPP? Use quotes to support your assertions. 

3) What do economists think about the TPP? Again cite evidence. 

4) Is there any discrepancy between the economists and the politicians? Why might this be? Explain

5) What are the costs and the benefits of this trade?

6) How will the TPP affect different businesses in the USA?

Additional questions:

7) What could they do besides requiring higher tariffs?

8) Can economic guarantees be made without people switching jobs?

9) What's wrong with importing more than we export?

10) What would happen if Congress does not ratify fast-tracking?

 

Resources:

CIA Factbook 

WTO Trade Agreements

US Trade Commission TPP Impact Study

Wall Street Journal Perspective

 

Thursday-   Part II.

Finish from Tuesday. Pick a partner. Along with your partner complete the first six questions (there will be 19 in all). 

1) Read and annotate the Entry Document (video transcript from Carlos Medine). Begin your notes and create an initial driving question. 

2) Read and annotate Memo #1 from Carlos Medine. Add information to your notes.  

3) Read the Technical Report on Free Trade and Protectionism.  Look at the new CT/revised question at the end of #6. 

4) Trade Overview : Describe comparative advantage and why countries trade. 

     Why Do Countries Trade and Comparative Advantage

5) Read and annotate which country has the comparative advantage in every industry from Table #1. This table shows us comparative advantage between the nations. Do all nations. 

6) We will do together absolute advantage and comparative advantage. When you

    are done, add the findings to your notes. 

Revised Question: How can we, as economic leaders of our islands, put aside our distrust and decide which goods and services to produce, so that we can negotiate a trade agreement that benefits both nations?

 

 

 

Friday- 

7) Read and annotate the Second Transcript from Carlos Medine. Add the information to your notes.  

8)  With your partner, go through the Trade Agreement sheet. Who has the lowest cost associated with their products and what dificulties would you have in securing a trade agreement with the neighboring island (i.e. trust)? How would you work to resolve these issues?

9) Use the revised question above and describe how you would negotiate trade from #8. Who will be upset with your decision and why? 

10) Read and annotate the Transcript for Ellis McClure and the attached poster. Add the information to your notes. Here is McClure's Flyer

11) Read and annotate the document entitled Trade Restrictions. This should look VERY familiar. 

12) Read and annotate the final transcript from Carlos Medine and add to your notes. This document clarifies your final product. Pay close attention.                The Third Video.

 

 

 

 

 

 

Week of October 16th - 20th, 2017 - Items in italics are assignments.

Essential Question: Why o does trade benefit?  

Monday -  Key Questions from Unit IV: Powerpoint A

Tuesday-  Powerpoint on Intl. Trade B

Wednesday-   Absent: Worksheet  International Trade. Ch. 17 Handout

Thursday-   Absent: Worksheet

Friday- 

Trade at Work and Made in the World. Here are the Globalization questions from both videos. 

Immigration, Open Borders and Trade. 

US Immigration Services

Bill Gates 

Reverse Immigration   & Young Returnees

 

 

 

Week of October 10th - 13th, 2017 - Items in italics are assignments.

Essential Question: What is aggregate demand and supply?  

Monday -  No School  

Tuesday-    Fiscal & Monetary Policy  plus Aggregate Demand and Aggregate Supply. Check here for currency converter. Expect a test Thursday/Friday over Macroeconomics. PAJAMA DAY

Wednesday-   Activity: USA Test Prep Macroeconomics. COLLEGE DAY USA Test Prep

Thursday-   Test Macroeconomics. OPPOSITE DAY

Friday- Introduction to International Trade/Business. Homecoming. SPIRIT DAY: SENIORS BLACK, JUNIORS WHITE,  SOPHOMORES GREEN, FRESH ORANGE.

 

 

 

 

Week of October 2nd - 6th, 2017 - Items in italics are assignments.

Essential Question: What is the difference between Fiscal & Monetary Policy?  

Monday-   Finish Money; Alternative assignments. Notes on Monetary Policy and the Fed. 

Tuesday-   Vocabulary quiz over Macro terms.  Housing in Mountain View.(PBS) Blog (Thoughts from inside the box) The severe housing crisis affect on your wages. - Rents & Wages

 

Wednesday-  Show Grades. Finish from TuesdayTrump Tax Cuts. #1 and CNN #2.  Left & Right. Use this handout to answer the final question. VOTE! Website talked about in class. 

Do:  Economics of the New Deal 

                                 New Deal Venn Diagram  

                                Answer the four questions on Keynes/Federal Reserve

                                Assessment at the bottom of Economics of the New Deal  (You will explain why the Fed did what it did). 

 Resources - The Great Depression

                     The New Deal

                     The FDIC

                     New Deal Agencies

                     Glossary of Terms

Thursday-  The Fiscal Ship  then go to  Millennials dumb economic views.        Federal Reserve Monetary Policy

Friday -  Alternative assignments due. 

Fiscal & Monetary Policy  plus Aggregate Demand and Aggregate Supply 

               Stossel Macroeconomic Questions on StadiumsSweatshops, and Outsourcing.  

Alternative Assignments: You may do one assignment, two assignments, three  assignments or no assignments. These are all optional. They are due by the start of class on Friday, October  6th, and will not be accepted after this time, NO EXCEPTIONS. DO NOT COPY FROM A NEIGHBOR; I WILL KNOW and I will disqualify both assignments; remember these are optional assignments. No partial assignments will be accepted; do it all or don't do it at all. 

Classwork - Choose two of the three articles and type your response in no more than one, single space page. 

Class #1Higher Education Bubble. Explain why education is important and why it is coming under assault citing 10 facts (underline the facts) from both sides in the article. Explain which side you agree with and why. Must be typed. 

Class #2:American Staduims. Cite 10 facts as to what the problems are with American stadium design and why it is a distinctly American problem. Explain the author's solution and if you agree explaining why. 

Class #3American Idiocracy. Why is America the best place to do business but is currently floundering? Who is to blame, how can it be fixed and what are the consequences? Explain citing at least 10 examples.  

Quiz: read and/or watch PBS Newshour on Elephants and An End to Deep-Sea fishing. via powerpoint,  explain and give a pictorial example of each of the following from the two reads: the role of subsidiesgovernmentcorporations, trade-offsregulation/deregulationshortage & surplusfactors of productionmarket/price equilibriumsupply & demandincentive, and cartels. Lastly, explain whether this refutes or bolsters Stossel's argument concerning "overfishing" and how.

Test: Selling the Hawks; Create a powerpoint that would resell the Hawks to Atlanta. Take into account how reselling the Hawks would be a good business plan, the core the problem now, and why their is resistance to rebranding the Hawk experience (be sure to use the business plan to answer business overview, market, sales, and competitive analysis in the powerpoint). At least 15 pictures and an explanation of why you chose each picture and how it would appeal to that audience and be financially beneficial to the Hawks. Be sure to explain why the Hawks need to be resold and to whom they are being sold to and why.

 

 

 

 

Week of September 25th - 29th, 2017 - Items in italics are assignments.

Essential Question: How does the Government use money to manipulate the economy?  

Monday -  Fiscal Policy and Budget deficit notes. US Debt Clock. 

Tuesday-   Activity; Handout of the business cycle and GDP. 

Wednesday-   Activity: Business Cycle and its phasesEconomic Cycle and additional resources

1) Choose a point in the business cycle, 2) Research that point (all that occurs in the economy at that point, utilizing your notes, powerpoints, book, and the web), 3) Apply the biography, and 4) Express it.

Thursday-  GDP, GNP, Inflation. Finish Business Cycle Super Heroes. 

Friday-  Activity Money and it's video. PBS: The Bureau of Engraving 

 

 

 

 

Week of September 11th - 15th, 2017 - Items in italics are assignments.

Essential Question: What factors into supply and Demand?  

Monday-   If school,  Business Cycle.    Unemployment from 1890-2010 and flipped for the Business Cycle

Tuesday-   If School, Activity: Business Cycle and its phasesEconomic Cycle and additional resources

1) Choose a point in the business cycle, 2) Research that point (all that occurs in the economy at that point, utilizing your notes, powerpoints, book, and the web), 3) Apply the biography, and 4) Express it. 

Wednesday-  GDP, GNP, Inflation. Finish Business Cycle Super Heroes. 

Thursday-  Activity; Handout of the business cycle and GDP.

Friday -  Short class, laptop roll out; finish from Thursday. 

 

 

 

Week of September 5th - 8th, 2017 - Items in italics are assignments.

Essential Question: What factors into supply and Demand?  

Monday-   No School 

Tuesday-   Preview test on Microeconomics. USA Test Prep. (Flow of goods, law of demand, and economic behavior) Member login: stockbridgehsga  password: newton11

Wednesday-  Review Game

Thursday-  Test on Microeconomics 

Friday -  Begin Macroeconomics

 

 

Week of August 28th - September 1st, 2017 - Items in italics are assignments.

Essential Question: What 

Monday-   Elasticity and illustrate a supply curve. Supply and demand curve. Handout (Milk).

a)    https://www.youtube.com/watch?v=LwLh6ax0zTE

b)   https://www.youtube.com/watch?v=ewPNugIqCUM

c)     https://www.youtube.com/watch?v=ewPNugIqCUM

Tuesday-   Age of Walmart and questions; Finish from Monday. 

Wednesday-  Circular Flow Activity.  Price Gouging in Texas. Read upside down funnel and Miles Archer or the thread underneath it. What is the crux of both of their arguments in either thread?  

Thursday-  Work on Brochures. Monopoly Board Rubric 

Friday -  Turn in Monopoly/Brochures. The Economists and Johnny Depp

 

 

Week of August 21st - 25th, 2017 - Items in italics are assignments.

Essential Question: What 

Monday-   Notes on Sole Proprietorship's, Monopolies & Oligopolies. Feasibility curve. 

Tuesday-   The Robber Barron's; Slim and the Rockefeller's, Gates, Vanderbilt, and Carnegie. (Small groups)

Brochures will be due by next Friday, no exceptions.

Choose one product created/produced from each of the following;

a) Bill Gates - http://thisnation.com/question/027.html

http://www.pcworld.com/article/139458/eight_years_later_is_microsoft_still_a_monopoly.html

b) John D. Rockefeller

c) Andrew Carnegie

d) Cornelius Vanderbilt 

e) Carlos Slim and questions

 

B) Students will design a brochure whose purpose is to educate a potential investor to invest in their company (which the students will create in tandem). The student will create the following;

1) The company that produced/created your product.

2) The company will be a sole proprietorship, partnership, or corporation.

3) The student will identify if they are a monopoly, oligopoly, monopolistic competition or perfect competition.

4) The student will find out a possible cost of the item and create a feasible demand curve for a population.

5) The student will create a feasible supply curve for the item based on the materials and the labor involved in producing the product.

6) Student will list items that could possibly affect demand and supply (moving the curve) so the investors know what factors they might be up against.

OR

Directions: You will be creating the board game MONOPOLY using an alternative set of rules that will serve as a counterbalance to the monopolists. You will need to a) provide instructions on how to play the game, b) how these new rules give a "voice" to the common man, and c) how these rules will combat the monopolist control over the economy. A rubric will be up by Thursday and this will be due next Friday. 

Monopolies unwritten rules.

Monopoly Game and the Landlord's Game

Lastly, Monopoly and American racism. 

 

Wednesday- Why is Slim Rising so Fast? Here are the questions. 

Thursday-  Demand schedule, Law of Demand and shift in Demand. Brochure assignment. 

Friday -  Worksheet Money (Absent).  

 

 

Week of August 14th - 18th, 2017 - Items in italics are assignments.

Essential Question: What is government?

Monday-   Review/Preview Unit Review sheet. Review Marginal/Opportunity Cost. Six Functions of Govt. 

Government Regulations (Externalities & Viagra) & Positive Externalities Tesla #1,Tesla #2.

Tuesday-    NY TimesWashington Post, Christian Science Monitor, Wall Street Journal and The Economist. 1) For each of the six economic functions of government, give an example and an explanation as to why the example fits that function. You may use your notes and devices. 2) Now, match the correct headline with at least one function of govt. 

North America

Latin America

Asia

Middle East 

Africa

Europe

Caribbean 

Oceana

Wednesday- Review Game.  

Thursday- Test: 

Friday -  Greed & Stossel (Private PartyGreedFood gets to market.) 

 

 

 

 

Week of August 7th - 11th, 2017 - Items in italics are assignments.

Essential Question: Why are some jobs legal and others illegal?

Monday-   Absent quizzes. Finish Rational Decision Making.  Superfreaknomics and assignment. (the book - For Allie, start on page 30)  

H: NY Times Room for Debate & Prostitution and PTSD

H: 1)Grid, 3) 3 Economic Questions, and 4) 6 Economic Goals. 

Tuesday-   Decision Making Grid;   Trade-Offs and Decision Making 

Wednesday- Economic systems, the role of government, Factors of Production and the Circular Flow.

1) In what ways is the US both a Free Market Economy and a Command Economy? How do government decisions affect the circular flow of the economy?

2) Give two examples. (p.51) There is no economic system that has all the answers and even market systems have “certain drawbacks.”

3) Why can’t the market system solve all our problems and what are three drawbacks to the system? 

Thursday- Journal #2   I-Phone Economy.  Production Possibilities Curve & Opportunity Cost (Marginal Cost). Calculating Opportunity Cost (Formula).   Production Possibilities Curve (Show: Do: You) Video #1 and Video #2.   Sports and Football. Companies that control your food. 

Friday -  Marginal costs/marginal benefits, Shifts in the Production Possibilities Curve. Read: Chris Rock 

1)    What does Chris Rock state?

2)    Why does he state this?

3)    What is the context?

4)    How is this connected to the American Dream?

5)    Is our economic system sustainable? Explain. 

 

Journal #2: What is the American Dream? In what ways have people been successful & unsuccessful in achieving that dream? In what way(s) has the American dream been embedded into our government/society? Explain. 

 

Week of July 31st - 4th, 2017 - Items in italics are assignments.

Target: Modalities & Cost

Reasoning: Group Cost vs. Your Cost

Application: Yourself

Product: Journal

Essential Question: Are you a loser? How do you know if you are winning or losing? 

Monday-  Introductions/Expectations. Assigned Seats. Syllabus and Journal #1

Tuesday- Pre-Test. Definition of Economics. Milestones (Dec.1-16th, September). Get lifted!?

Wednesday- Finish Get Lifted. Political Spectrum. Allocating scarce resource.  

Thursday: Unit 1 overview/Learning Targets. 

Friday -  Syllabus Quiz . Trade offs & opportunity costs. Radiation Poisoning and Road Trip to Chernobyl. 

 

Journal Instructions:

Copy the journal off of the board. Every journal must be copied in its entirety before you answer it. The journal must be answered completely. The journal must be labeled journal #1, #2, #3, etc. It must be a minimum of one paragraph unless otherwise specified.

 Journal #1 In three paragraphs explain, where you will be this time next year. How will your life change from where you are today and what will be the physical, emotional, and financial cost to you? Explain why you believe that it is or is not worth it. 

 

Smart Scholarship and dates and times for college fairs. 

 

Courtesy of PROBE College Fair Tour

 

*Thursday September 7th Stone Crest Mall from 6-9pm

*Monday September 11th  Atlanta North Point Mall 6-9pm

*Wednesday Sept. 13th Gwinnette North Fair Infinite Energy Center 6-8:30pm

*Tuesday September 26th Clayton County Fair @Clayton State College 9am-1pm

*Tuesday September 26th Newnan Fair -Central Education Center 6pm-8pm

*Monday October 2nd Henry County High School 6pm-8pm 

*Tuesday October 3rd Macon Fair Middle Georgia State University Campus 6:30-8:30pm

 

 

 

 

 

 

 

 

 

econ powerpoints: http://www.swlearning.com/economics/mankiw/mankiw3e/powerpoint_econ.html

Creation of money: https://www.c-span.org/video/?297269-1/creation-currency

Economic index of freedom: http://www.heritage.org/index/country/newzealand

econ film: life and debt: http://sockshare.net/watch/zdKXnrv1-life-and-debt.html

Federal reserve: https://www.stlouisfed.org/education/glossary   of boston: https://www.bostonfed.org/community-development/strategic-focus/educational-resources.aspx

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firms:

- Payment for resources card

- Sell Econos to Households 

- Most money wins!

 

Households:

- Sell resources for money

- Use money to buy econos

- Most econos wins!

 

Econos:

Econos = "stuff" (goods and services)

1 Econo = 1 Natl. resource 

                 1 Human Resource

                 1 Capital Good 

 

Bank: Verifies resources = Econos. 20 minutes max!

 

Ascent of Money

Creation of Currency

Economic Index of Freedom

Financial Calculators 

The Fiscal Ship 

US National Debt Clock - Real Time

Econ Ed Link 

CPI Inflation Calculator 

Island Trade Agreement - Unit 5 

Life Lessons with Bill Cosby 

International Trade - The Greater Good

Trans-Pacific Partnership TPP

Economic Growth Cycle - British Chart 

Economic Growth Cycle (Inflation) - British Chart 

 

 

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