| Mon., Dec. 3, 2007
FOCUS: FINANCING A BUSINESS
OBJ: See 11/29/07
IN CLASS:
Do now: Prepare for your role.
ACTIVITY: Play the BOND GAME. De-brief
Lec. & Discussion: Financing a Business (PPT). Take notes.
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Thurs., Nov. 29, 2007
FOCUS: FINANCING A BUSINESS
OBJ: Find out
1. How FINANCIAL MARKETS help businesses obtain CAPITAL RESOURCES
2. How businesses BORROW
3. What EQUITY is and how it’s used to finance business growth
4. How businesses SAVE
5. What the BOND MARKET is & how BONDS WORK
6. What the STOCK MARKET is & why it’s important
7. How to read a STOCK TABLE
8. What a BALANCE SHEET is & how to use it
9. What an INCOME STATEMENT is & how to use it
Lec. & Discussion: Financing a Business (PPT)
Take notes.
####################
ASSIGNMENT: Study notes
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Tues., Nov. 27, 2007
IN CLASS:
1. Book test.
2. Open Article Test: Reading a Company's Annual Report.
##################
ASSIGNMENT: Finish open article test at home.
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********************************************************************
THANKSGIVING HOLIDAYS:
1. Have a safe and happy holiday!
2. Finish reading NICKLED & DIMED: ON NOT GETTING BY IN AMERICA.
Book test when we return.
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WED., OCT. 30, 2007
FOCUS: FIGURING FINANCE CHARGES
OBJ:
1. Differentiate and compute
A. Previous balance method
B. Adjusted balance method
C. Average daily balance method
2. SIMULATION: Calculate how long it takes Credita
A. to get into debt
B. to get out of debt
IN CLASS:
1. Assessment -- Types of Business Organizations (Ch. 9) Quiz
2. Finish Credit video & guide
3. Worksheet - Figuring Finance Charges
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Mon., Oct. 29, 2007
#################
ASSIGNMENTS:
1. Study for Ch. 9 Quiz. (See online PPT)
2. Finish Ch. 9 Review and fill-ins
FOCUS: THE SECRET HISTORY OF THE CREDIT CARD
OBJ:
1. Trace history of credit deregulation.
2. Identify pitfalls for consumers
IN CLASS:
1. View video.
2. Complete Viewing Guide for a grade.
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Fri., Oct. 26, 2007
################
ASSIGNMENT:
Ch. 9 Fill-ins
FOCUS: CREDIT
OBJ.: Explore credit assistance website "Bankrate.com"
IN CLASS:
1. Read "Credit Card Basics" at bankrate.com
2. Take online chapter quizzes.
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Mon., Oct. 15, 2007
##################
ASSIGNMENTS:
1. Study for test on SUPPLY & DEMAND (Ch. 8)
2. Do TAKE-HOME portion of test.
------------------
FOCUS: RENT CONTROLS
OBJ:
1. Examine example.
2. Evaluate.
IN CLASS: Read to find out WHY they say, hort of BOMBING, rent controls are
the quickest, best way to DESTROY a city!
FIND OUT:
1. Why did New York City establish rent controls?
2. How do rent controls affect
A. RENTERS
B. LANDLORDS
C. THE RELATIONSHIP BETWEEN RENTERS AND LANDLORDS
D. CONTRACTORS / DEVELOPERS
E. CITY OFFICIALS
F. CITY RESIDENTS
G. CITY BUSINESSES
H. TOURISTS
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Thurs., Oct. 11, 2007
##############
NO HOMEWORK!
IN CLASS:
ECONOMICS USA
Program #18: ECONOMIC EFFICIENCY - What Price, Controls?
FOCUS: PRICE CONTROLS IN PEACETIME
OBJ.
1. ID events and programs in the 1960s which led to the INFLATIONARY
conditions which faced the nation in the early 1970s.
2. Explain why the Nixon admin. instituted temporary WAGE & PRICE FREEZES.
3. ID & explain the underlying factors which caused price controls on meat
to backfire.
FOCUS: PRICE CONTROLS IN WARTIME
OBJ.
1. Explain what happens to wages and prices during wartime and tell why.
2. Tell what the U.S. Government did to combat INFLATION during WWII.
3. In wartime, scarce resources must be rationed and production must be
shifted to the civilian sector. Explain how the Roosevelt Administration
got America
A. business to go along with the plan.
B. consumers & workers to go along with the plan.
4. Evaluate wartime price controls.
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Tues., Oct. 9, 2007
################
ASSIGNMENT:
WORKSHEET:
Price Elasticity and the Total Revenue Test
FOCUS: PRICE CHANGES MATTER!! PRICE ELASTICITY OF DEMAND
OBJ.
1. Examine the characteristics of products to determine price elasticity of
demand.
2. Calculate changes in total revenue to determine elasticity.
3. Analyze the impact of elasticity on public policy and business issues.
IN CLASS:
1. Brief lecture and discussion. Highlight worksheet. Take notes.
2. GUIDED PRACTICE: Group work.
A. Part I: Read, discuss, and answer. (SMALL GROUP)
B. Part II: Price Elasticity and the Total Revenue Test (LARGE GROUP)
3. Individual Practice: Part II homework
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Thurs., Oct. 4, 2007
Go over test.
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TUES., OCT. 2, 2007
###########
Study for other nine weeks tests.
IN CLASS:
1. Brief review.
2. Test on Supply and Demand.
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FRI., SEPT. 28, 2007
################
ASSIGNMENT:
Practice and study for 9 weeks test on supply & demand.
FOCUS: PUTTING IT ALL TOGETHER
OBJ.
1. Practice recognizing and graphing shifts in
A. quantity demanded
B. quantity supplied
2. Practice recognizing and graphing shift in
A. DEMAND
B. SUPPLY
GUIDED PRACTICE:
1. Worksheet - Determinants of Supply and Demand
2. Group work with DRY ERASE - SHIFTS!
INDEPENDENT PRACTICE:
1. Do worksheet.
2. Check and discuss.
QUIZ!
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WED., SEPT. 26, 2007
################
Assignments:
1. Text, pp. 190, 195 (Read and answer questions.)
2. Finish SUPPLY pages in work packet.
IN CLASS:
FOCUS: DETERMINANTS OF SUPPLY
OBJ.
1. Define, explain and cite examples of
A. the INCOME EFFECT
B. the SUBSTITUTION EFFECT
Contrast with the PRICE EFFECT.
2. List, explain and cite examples of the DETERMINANTS OF SUPPLY.
3. Explain and evaluate the relationship between
A. the price of a good and the supply for its SUBSTITUTES
B. the price of a good and the supply for its COMPLEMENTS
4. Differentiate shifts in
A. QUANTITY DEMANDED
B. DEMAND
5. GRAPH shifts.
FOCUS: SHIFTS IN EQUILIBRIUM PRICE AND QUANTITY
OBJ.
1. Define.
2. Cite examples.
3. Explain.
4. Graph.
GUIDED PRACTICE
1. Individual worksheet and overhead.
2. Group work using DRY ERASE BOARDS & MARKERS
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MON., SEPT, 24, 2007
###############
ASSIGNMENTS:
Workpacket pp.
IN CLASS: ECON USA VIDEOS (#16)
1. View.
2. Answer guide.
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THURS., SEPT. 20, 2007
##################
ASSIGNMENTS:
Do Workpacket pages 40-43.
(FOCUS & OBJ) See Tues. Complete discussion.
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TUES., Sept. 18, 2007
###################
ASSIGNMENTS:
1. Finish "Ethanol Fueling Higher Food Prices" if you didn't in class.
2. Finish activities on DETERMINANTS OF DEMAND (through p. 45 on
worksheets)
---------------------
DO NOW: Read article "Ethanol Fueling Higher Food Prices" and answer
questions #1-6.
QUIZ COMING ON FRI. VIDEO + this article!
IN CLASS: Lecture and discussion. TAKE NOTES!!!
FOCUS: DETERMINANTS OF DEMAND
OBJ.
1. Define, explain and cite examples of
A. the INCOME EFFECT
B. the SUBSTITUTION EFFECT
Contrast with the PRICE EFFECT.
2. List, explain and cite examples of the DETERMINANTS OF DEMAND.
3. Explain and evaluate the relationship between
A. the price of a good and the demand for its SUBSTITUTES
B. the price of a good and the demand for its COMPLEMENTS
4. Differentiate shifts in
A. QUANTITY DEMANDED
B. DEMAND
5. GRAPH shifts.
GUIDED PRACTICE: DETERMINANTS OF DEMAND WORKSHEET.
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FRI., Sept. 14, 2007
##################
ASSIGNMENTS:
1. Sorry I had to miss class Fri. Turn-in for Ch. 8, Sec. 1-4 has been
postponed until Tues. Be sure that you label each section clearly.
2. Quizzes coming:
A. ADDICTED TO OIL (video)
B. Graphing re-test (PPC)
3. Be sure you bring the S & D packet to class Tues. We'll pick up where
we left off on Wed.
------------------
FOCUS: ADDICTED TO OIL (Supply and Demand in the REAL WORLD)
OBJ.
1. Explain and evaluate how high demand for this limited resource impacts
A. the economy (prices)
B. the environment
2. Explain how and why the supply of OIL
A. is limited (nonrenewable resource)
B. is controlled (OPEC, Strategic Petroleum Reserve, tax policy)
3. Identify and evaluate
A. alternate sources of energy
B. alternate technologies
-----------------
IN CLASS:
1. View Video: "Addicted to Oil" (Thomas L. Friedman)
2. Take notes for
A. use on open-notes video quiz on Tues.
B. turn-in to document attention to video
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WED., Sept 12, 2007
ASSIGNMENTS:
1. Read Ch. 8 Sec. 4, pp. 195-201 & do Sec. Rev (due Fri.)
2. Finish worksheets.
--------------
FOCUS: SUPPLY & DEMAND
OBJ.
1. Define SUPPLY & DEMAND.
2. State the LAWS of SUPPLY & DEMAND.
3. Differentiate
A. QUANTITY DEMANDED and DEMAND
B. QUANTITY SUPPLIED & SUPPLY
4. Graphing:
A. Draw
1.) Demand curve
2.) Supply Curve
B. Locate and explain points.
C. Differentiate PT and Curve
D. Illustrate the difference in shifts
1.) ALONG the curve (the PRICE EFFECT)
2.) IN the curve
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Mon., Sept. 10, 2007
##############
ASSIGNMENTS:
(See 9/4/07 - Tues.)
Read Ch. 8, Sec. 3, pp. 191-4 & do Sec. Rev. (due Wed.)
------------------
DO NOW: (On Screen - price gouging)
IN CLASS:
1. Read article on earthquake PRICE GOUGING.
2. Do Tornado Price Gouging Simulation. (Group Activity)
VIDEO: ECONOMICS USA : Program #15
FOCUS: "The Firm -- How Can It Keep Costs Down?"
1. ID strategies for ensuring profits.
2. Define and explain the role of
A. substitution
B. Economies of Scale
C. Innovation
CASE STUDIES: COCA-COLA & STUDEBAKER
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Thurs., Sept. 6
##################
ASSIGNMENT:
(See Tues., Sept 4)
Read Ch. 8, Sec. 2, pp. 182-189, & Do Sec. Rev. (due Mon.)
----------------------
IN CLASS: ECON USA Video (Program #2): "Markets: Do They Meet Our Needs"
Focus: Sec. 1 - LEVITTOWN
Obj.
1. Explain Levittown's success in terms of supply & demand.
2. Graph
----------
Brief Lec. & Disc.: SUPPLY & DEMAND CURVES
--------------
GUDIED PRACTICE: Graphing Supply & Demand
---------
FOCUS: Sec. 3 "Baseball"
Obj. 1. Explain why minor league players make low salaries.
2. Explain how and why FREE AGENCY impacted major league salaries.
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Tues., Sept. 4, 2007
DO NOW: KIDNEY TRANSPLANT (Group Activity)
###################
Assignments:
1. Read Ch. 8, Sec 1, pp. 176-181 & do Dec Rev., (due Thurs.)
2. Read Ch. 8, Sec. 2, pp. 182-189, & Do Sec. Rev. (due Mon.)
3. Read Ch. 8, Sec. 3, pp. 191-4 & do Sec. Rev. (due Wed.)
4. Read Ch. 8 Sec. 4, pp. 195-201 & do Sec. Rev (due Fri.)
-------------
IN CLASS:
1. Read Play (Marx v. Smith)
2. DRY ERASE BOARD GAME (Econ. Systems)
3. SIMULATION: WHO GETS THE TICKETS
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Thurs., Aug. 30, 2007
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ASSIGNMENT: Play the Lemmonade Stand Game for a grade. (See link at
http://schoolnotes.com/39110/shiversecon.html) Print end-of-game results
only (30 days' total).
IN CLASS:
1. Play BINGO Review.
2. Take test on Ch. 1 & 2.
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Tues., Aug. 28, 2007
#####################
ASSIGNMENTS:
1. Study for test on Ch. 1 & 2.
2. Do Take-home portion of test.
A. p. 41, #1-3 (Adam Smith)
B. pp. 42-3, #1-3 (Bluebell Ice Cream)
C. p. 48, #1-2 (SW Airlines)
3. Bring a bag of M & M's for BINGO review.
DO NOW: BLUE LAWS (Read and answer questions)
OBJ. ID trade-offs & opportunity costs.
IN CLASS:
1. Lec. and Discussion - Ch. 2 (Check Bubble Maps)
2. Read Play Script: "Conversations with Karl Marx and Adam Smith"
3. Plan what to study and how to study it (memory devices)
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Fri., Aug. 24, 2007
###############
NO HOMEWORK!
FOCUS: PPC
OBJ. Practice
1. View Video Seg. #2 - GUNS and BUTTER
2. Check and discuss homework.
3. Guided Practice in class.
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Wed., Aug. 22, 2007
################
ASSIGNMENTS:
1. Do the VanHAland Sheet (Back of Bonus Crossword).
2. Do BOTH sides of the PPC Sheet (eggs, Sports & Work)
IN CLASS:
FOCUS: PPCs
OBJ.
1. Practice constructing
A. production possibilities schedules
B. production possibilities curves
2. View historical example.
3. Assess progress.
1. Check HWK.
2. View ECON. USA Prog. #1, Segment #2 -- "GUNS & BUTTER"
3. Take quiz.
Mon., Aug. 20, 2007
################
ASSIGNMENTS:
FOR NEXT TIME:
1. Read back of PPC sheet.
2. Long Sheet:
A. Finish front (#1-5 and #1-18)
B. Do back: Tony's Production Choice
3. Read and do workbook packet. ("Production Possibilities Frontier)
If you understand and want to get ahead:
4. PPC Van Haland
5. BONUS OPPORTUNITY: Crossword (by Friday)
---------------------------------------------------
DO NOW: Review Sheet "The Basic Economic Problem" (fill-ins)
---------------------------------------------------
FOCUS: PRODUCTION POSSIBILITIES CURVES (FRONTIERS)
OBJ.
1. Explain how a PPC works and what it shows.
2. Construct
A. A schedule
B. a PPC
IN CLASS:
1. View ECON. USA: Prog. #1 - "Resources and Scarcity: What's Economics
All
About" - Sec. 1: WILDERNESS V. MINERAL RESOURCES
2. Complete Sec. 1 of Viewing Guide
GUIDED PRACTICE: Cookies or Sandwiches - Chart the possibilites presented
by
a jar of peanut butter.
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Thurs., Aug. 16, 2007
##############
ASSIGNMENTS: DUE MON. (See 10/14/07)
1. Ch. 1 Review
2. Ch. 2 Bubble Map
DUE FRI.
3. Write a journal entry about the game.
FOCUS: THE MARKET SYSTEM: How it Works
OBJ.
1. Define "market."
2. Observe a principle for organizing society in which NO ONE IS IN CHARGE.
3. Experience the interaction of supply and demand in setting price.
4. Observe the aggregation of interests which occurs when self-interested
individuals choose freely.
DE-BRIEF: Write 3 things you learned.
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Tues., Aug. 14
################
ASSIGNMENTS:
(Due. Monday. You won't need your book next time.)
1. Read Ch. 1 and do Ch. Rev.
2. Read Ch. 2 and Bubble Map it.
COMING NEXT TIME... Mrs. Shivers's BIG APPLE GAME!
--------------------------
UNIT 1 FOCUS: INTRO. to ECONOMICS (Ch. 1 & 2)
UNIT GOALS:
1. Define Economics and the principles of economic systems. (Ch. 1)
2. Compare the way traditional, command, market, and mixed economic systems
answer the basic questions. (Ch. 2)
3. Characterize the American free enterprise system. (Ch 2)
--------------------------------
CH. 1: WHAT IS ECONOMICS:
FOCUS: SEC. 1 - THE BASIC PROBLEM IN ECONOMICS
OBJ.
1. Explain why *SCARCITY faces all people at all times.
2. Distinguish between wants and needs.
3. List & summarize 4 types of resources. Cite examples.
* Be careful not to confuse SCARCITY & SHORTAGE
----------
FOCUS: SEC. 2 - OPPORTUNITY COSTS & TRADE-OFFS
OBJ.
1. Define and explain the relationship between TRADE-OFFS & OPPORTUNITY
COST.
2. Describe how society's trade-offs can be shown on a PRODUCTION
POSSIBILITIES CURVE.
--------------
FOCUS: SEC. 3 - WHAT DO ECONOMISTS DO?
OBJ.
1. Describe/give ex. of ECONOMIC MODELS.
2. Explain purposes.
3. Explain why there are different schools of economic thought.
4. Differentiate POSITIVE & NORMATIVE ECONOMICS. Tell why economists do not
normally work with values (NORMATIVE).. why they are generally concerned
with what IS (POSITIVE) rather than what OUGHT (NORMATIVE) to be.
IN CLASS:
DO NOW: MAKE GROUP SIGN
-------------------------
1. Go over homework (SQ on "Economics Explained")
2. Lecture and discussion with flipchart.
3. Students take notes.
4. Simulation: COMMUNITY Trade-off
****************************************************
Friday, Aug. 10, 2007
Welcome to Mrs. Shivers's ECONOMICS website.
To access flashcards, see the links page.
When you see a series of ###'s, an assignment follows.
FOCUS: WELCOME TO CLASS
OBJECTIVES:
1. Welcome, intros., & grouping
2. Orientation : familiarize w/
A. RATIONALE (Why are we here?)
B. RULES -- district's, school's, & Shivers's
C. COURSE CONTENT
D. WEBSITE
3. ID and Define "SCARCITY" (key concept). Explore ramifications.
+++++++++++++++++++++++++++
CLASS GOALS:
1. Foster economic literacy.
2. Develop computer literacy.
3. Practice decision-making skills.
...in order to become a FINANCIALLY SECURE ADULT.
*PLEASE NOTE: Learning how to manage money (and credit) is just as
important as learning how to make money.
DO NOW: On screen
A. GROUPING
1. Find your group. (ECON. TERMS MATCHING)
2. Group Activity:
a. Make poster illustrating relationship & meaning of terms
b. Introduce group members
B. INDIV. -- Complete & turn in STUDENT INFO SHEET
CLASS ORIENTATION (See goals & objectives)
RESOURCE/SCARCITY GAME (Group activity)
###################
ASSIGNMENTS:
1. Deliver parent letter & online photo posting permission slip
2. COVER your book!
3. Check website
A. EMAIL Ms. S. (Both you and your parents should make contact.
If you don't have an email, we'll set you up a hotmail address. Your
parents may contact me by phone or note.)
B. EXPLORE the website.
4. Required reading (see bottom rear of parent letter): Buy or borrow
Barbara Ehrenreich's book NICKEL AND DIMED: ON NOT GETTING BY IN AMERICA
published by Owl Books, May 1, 2002; ISBN: 0805063897
5. Purchase supplies:
A. 3- ring binder (can be cheap plastic or brad folder if you're on a
budget)
B. loose-leaf paper and dividers ( homemade will do)
C. blue or black ink pen and pencils
D. grading pen (red or anything else that's easy to read and contrasts)
E. highlighter
F. notecards for flashcards (1/2 size + ring = great option!)
*6. Read "Economics Explained" and answer questions.
7. If you want to use the weekend to get ahead, go ahead and read Ch. 1 and
2. See the UNIT and CHAPTER FOCUS/OBJ. below. Eventually you will do
the Ch. Review (p. 24) and bubble map Ch. 2.
---------------------------
UNIT 1 FOCUS: INTRO. to ECONOMICS (Ch. 1 & 2)
UNIT GOALS:
1. Define Economics and the principles of economic systems. (Ch. 1)
2. Compare the way traditional, command, market, and mixed economic systems
answer the basic questions. (Ch. 2)
3. Characterize the American free enterprise system. (Ch 2)
--------------------------------
CH. 1: WHAT IS ECONOMICS:
FOCUS: CH. 1, SEC. 1 - THE BASIC PROBLEM IN ECONOMICS
OBJ.
1. Explain why *SCARCITY faces all people at all times.
2. Distinguish between wants and needs.
3. List & summarize 4 types of resources. Cite examples.
* Be careful not to confuse SCARCITY & SHORTAGE
----------
FOCUS: CH. 1, SEC. 2 - OPPORTUNITY COSTS & TRADE-OFFS
OBJ.
1. Define and explain the relationship between TRADE-OFFS & OPPORTUNITY
COST.
2. Describe how society's trade-offs can be shown on a PRODUCTION
POSSIBILITIES CURVE.
--------------
FOCUS: CH. 1, SEC. 3 - WHAT DO ECONOMISTS DO?
OBJ.
1. Describe/give ex. of ECONOMIC MODELS.
2. Explain purposes.
3. Explain why there are different schools of economic thought.
4. Differentiate POSITIVE & NORMATIVE ECONOMICS. Tell why economists do
not normally work with values (NORMATIVE).. why they are generally
concerned with what IS (POSITIVE) rather than what OUGHT (NORMATIVE) to
be.
------------------------
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And NOW....for a little ECONOMICS HUMOR.....
MRS. SHIVERS'S TOP 10 REASONS TO STUDY ECONOMICS
1. Economists are armed and dangerous: "Watch out for our invisible
hands."
2. Economists can supply it on demand.
3. You can talk about money without ever having to make any.
4. Yout get to say "trickle down" with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look
how they turned out!
6. When you are in the unemployment line, at least you will know why you're
there.
7. If you rearrange the letters in "ECONOMICS," you get "COSMIC NOSE."
8. Although ethics teaches us that virtue is its own reward, in economics
we get taught that reward is its own virtue.
9. When you over-indulge, you can tell everyone that you are just
researching the law of diminishing marginal utility.
10. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have
something to talk about.
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