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Mr. Mika C. Booth

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Economics Homework

1st Nine Weeks

Week of Monday, August 10th to Friday, August 14th
Weekly Essay Topic: What is economics, & why is it an important subject to study?
Reading Assignment: Chapter 1 (Economic Choices)

  • Monday: Assign seats; Pass out & discuss Class Rules
  • Tuesday: “What would you want?” Activity; assign textbook; Reading assignment (Ch. 1)
  • Wednesday: Economic Choices Notes (A & B) 1/3; Economic Choices Study Guide
  • Thursday: Economic Choices Notes (C) 2/3; Exercise in Economic Decision Making Worksheet
  • Friday: Economic Choices Notes (D) 3/3; Production Possibilities Frontier Worksheet; Weekly Essay #1 Due
Week of Monday, August 17th to Friday, August 21st
Weekly Essay Topic: What is the difference between trade-offs & an opportunity cost? How can understanding these concepts help people or a society to make better decisions?
Reading Assignment: Chapter 1 (Economic Choices); Chapter 2 & Chapter 8 Section 2 & 3 (Economic Systems & Institutions)
  • Monday: BoothCo Book Making Company Productivity Activity; Productivity Worksheet
  • Tuesday: Economic Choices Review Game
  • Wednesday: Economic Choices Test; Reading assignment (Ch. 2; Ch. 8 Sec. 2 & 3)
  • Thursday: Review Economic Choices Test results; Economic Systems & Institutions Notes (start A) 1/5; Economic Systems & Institutions Study Guide
  • Friday: Economic Systems & Institutions Notes (finish A & B) 2/5; Economic Systems & American Economy Worksheet; Weekly Essay #2 Due
Week of Monday, August 24th to Friday, August 28th
Weekly Essay Topic: What are the 3 main types of economic systems? How do they differ specifically?
Reading Assignment: Chapter 2 & Chapter 8 Section 2 & 3 (Economic Systems & Institutions); Chapter 4 Section 2 & Chapter 14 (Exchange, Money, & Banking)
  • Monday: Economic Systems & Institutions Notes (start C) 3/5
  • Tuesday: Economic Systems & Institutions Notes (finish C & D) 4/5;  Comparison of Business Organization Worksheet
  • Wednesday: Economic Systems & Institutions Notes (D) 5/5
  • Thursday: Economic Systems & Institutions Review Game
  • Friday: Economic Systems & Institutions Test; Reading assignment (Ch. 4 Sec. 2 & Ch. 14); Weekly Essay #3 Due
Week of Monday, August 31st to Friday, September 4th
Weekly Essay Topic: How did money & banking develop? Discuss the 3 functions of money & the 3 types of money.
Reading Assignment: Chapter 4 Section 2 & Chapter 14 (Exchange, Money, & Banking); Chapter 7 (Supply & Demand)
  • Monday: Review Economic Systems & Institutions Test results; Barter Economy Activity; Exchange, Money, & Banking Notes (A) 1/3; Exchange, Money, & Banking Study Guide
  • Tuesday: Exchange, Money, & Banking Notes (B) 2/3
  • Wednesday: Exchange, Money, & Banking Notes (C) 3/3; Money Supply Worksheet
  • Thursday: Exchange, Money, & Banking Review Game
  • Friday: Exchange, Money, & Banking Test; Reading assignment (Ch. 7); Weekly Essay #4 Due
Week of Monday, September 7th to Friday, September 11th
Weekly Essay Topic: How are prices determined in the United States?
Reading Assignment: Chapter 7 (Supply & Demand)
  • Monday: LABOR DAY - No School!!!
  • Tuesday: A Market in Crude Oil Game
  • Wednesday: Review Exchange, Money, & Banking Test results; Supply & Demand Notes (start A) 1/7; Supply & Demand Study Guide
  • Thursday: Law of Demand Activity; Supply & Demand Notes (finish A & start B) 2/7; Law of Diminishing Marginal Utility Activity
  • Friday: Supply & Demand Notes (finish B) 3/7; Demand Shift Worksheet; Weekly Essay #5 Due
Week of Monday, September 14th to Friday, September 18th
Weekly Essay Topic: In the U.S., is the demand for gasoline elastic or inelastic? Why? Make sure to use specific examples in answering the question.
Reading Assignment: Chapter 7 (Supply & Demand)
  • Monday: Supply & Demand Notes (C) 4/7; Supply Shift Worksheet
  • Tuesday: BoothCo Fluffernutter Company Activity
  • Wednesday: Changes in Supply & Demand Worksheet
  • Thursday: Supply & Demand Notes (D) 5/7; Elasticity Worksheet
  • Friday: Supply & Demand Notes (E) 6/7; Surplus & Shortage Worksheet; Weekly Essay #6 Due
Week of Monday, September 21st to Friday, September 25th
Weekly Essay Topic: What are price controls & when does the government commonly institute these in the economy? Do you agree with the use of price controls in the economy? Explain.
Reading Assignment: Chapter 7 (Supply & Demand); Chapter 9 & Chapter 16 Sections 2 & 4 (Economic Competition & the Role of the Government)
  • Monday: Supply & Demand Notes (F) 7/7; Price Controls Worksheet
  • Tuesday: Supply & Demand Review Game 1/2
  • Wednesday: Supply & Demand Review Game 2/2
  • Thursday: Supply & Demand Test; Supply & Demand Unit Grade; Reading assignment (Ch. 9 & Ch. 16 Sec. 2 & 4); Weekly Essay #7 Due
  • Friday: STAFF DEVELOPMENT – No School for Students!!!
Week of Monday, September 28th to Friday, October 2nd
Weekly Essay Topic: How does the amount of competition in an industry affect both consumers & producers? Explain.
Reading Assignment: Chapter 9 & Chapter 16 Sections 2 & 4 (Economic Competition & the Role of the Government)
  • Monday: Economic Competition & the Role of the Government Notes (start A) 1/4; Economic Competition & the Role of the Government Study Guide
  • Tuesday: Review Supply & Demand Test results; A Market in Crude Oil & Collision Game; Jeans Project presentations; Cartel Worksheet
  • Wednesday: Jeans Project presentations
  • Thursday: Economic Competition & the Role of the Government Notes (finish A) 2/4
  • Friday: Analysis of Oliver Springs Industries Worksheet; Weekly Essay #8 Due
Week of Monday, October 5th to Friday, October 9th
Weekly Essay Topic: No Weekly Essay!!!
Reading Assignment: Chapter 9 & Chapter 16 Sections 2 & 4 (Economic Competition & the Role of the Government)
  • Monday: Economic Competition & the Role of the Government Notes (B & start C) 3/4; What’s My Income? Worksheet
  • Tuesday: Economic Competition & the Role of the Government Notes (finish C & D) 4/4
  • Wednesday: Economic Competition & the Role of the Government Review Game 1/2
  • Thursday: Economic Competition & the Role of the Government Review Game 2/2
  • Friday: Economic Competition & the Role of the Government Test; Economic Competition & the Role of the Government Unit Grade; Reading assignment (Ch. 13 & Ch. 17 Sec.1)


2nd Nine Weeks

Week of Monday, October 19th to Friday, October 23rd
Weekly Essay Topic: What is a market failure & what are the common types of market failures? Explain each type in detail.
Reading Assignment: Chapter 13 & Chapter 17 Section 1 (Economic Performance)

  • Monday: Frontline: Is Wal-mart Good for America Video; Frontline Video Journal Worksheet
  • Tuesday: Review Economic Competition & the Role of the Government Test results
  • Wednesday: Economic Performance Notes (start A) 1/4; Economic Performance Study Guide
  • Thursday: Economic Performance Notes (finish A & start B) 2/4
  • Friday: Economic Performance Notes (finish B & C) 3/4; Types of Unemployment Worksheet; Weekly Essay #1b Due
Week of Monday, October 26th to Friday, October 30th
Weekly Essay Topic: Why is it important to track the performance of the economy? How do economist go about tracking the performance of the economy?
Reading Assignment: Chapter 13 & Chapter 17 Section 1 (Economic Performance); Chapter 15 (Monetary Policy)
  • Monday: Economic Performance Notes (D) 4/4
  • Tuesday: Economic Performance Study Guide (to be filled out like a worksheet)
  • Wednesday: Economic Performance Unit Grade
  • Thursday: Economic Performance Test; Reading assignment (Ch. 15)
  • Friday: Money Matters Simulation & Worksheet; Weekly Essay #2b Due
Week of Monday, November 2nd to Friday, November 6th
Weekly Essay Topic: What is the Federal Reserve (the Fed)? How is the Fed structured & what function(s) do they serve in the economy?
Reading Assignment: Chapter 15 (Monetary Policy)
  • Monday: Review Economic Performance Test results; Monetary Policy Notes (start A) 1/5; Monetary Policy Study Guide
  • Tuesday: Monetary Policy Notes (finish A & start B) 2/5; Monetary Policy Study Guide
  • Wednesday: The Fed & the Money Supply Activity w/ Monetary Policy Notes (finish B & start C) 3/5
  • Thursday: The Fed & the Money Supply Activity w/ Monetary Policy Notes (finish C) 4/5
  • Friday: Monetary Policy Notes (D) 5/5; Tools of the Federal Reserve Worksheet; Weekly Essay #3b Due
Week of Monday, November 9th to Friday, November 13th
Weekly Essay Topic: How specifically can the Federal Reserve decrease the rates of inflation or unemployment using the 3 tools of the Federal Reserve? How do these tools achieve these goals?
Reading Assignment: Chapter 15 (Monetary Policy); Chapter 16 Section 3 & Chapter 17 Section 2 (Fiscal Policy)
  • Monday: Federal Reserve Decisions Worksheet
  • Tuesday: Monetary Policy Review Game 1/2
  • Wednesday: Monetary Policy Review Game 2/2
  • Thursday: Monetary Policy Test; Monetary Policy Unit Grade; Reading assignment (Ch. 16 Sec. 3 & Ch. 17 Sec. 2)
  • Friday: Review Monetary Policy Test results; Fiscal Policy Notes (start A) 1/6; Fiscal Policy Study Guide; Weekly Essay #4b Due
Week of Monday, November 16th to Friday, November 20th
Weekly Essay Topic: What is fiscal policy? What is the difference between a restrictive & expansionary fiscal policy? When is the best time to use each type of fiscal policy?
Reading Assignment: Chapter 16 Section 3 & Chapter 17 Section 2 (Fiscal Policy)
  • Monday: Fiscal Policy Notes (finish A) 2/6
  • Tuesday: Fiscal Policy Notes (B) 3/6
  • Wednesday: Fiscal Policy Notes (start C) 4/6
  • Thursday: Fiscal Policy Notes (finish C) 5/6
  • Friday: Fiscal Policy Notes (D) 6/6; Tools of Fiscal Policy Worksheet; Weekly Essay #5b Due
Week of Monday, November 23rd to Friday, November 27th
Weekly Essay Topic: Compare & contrast monetary policy & fiscal policy. Discuss how they are similar & how they are different.
Reading Assignment: Chapter 16 Section 3 & Chapter 17 Section 2 (Fiscal Policy)
  • Monday: Fiscal Policy: A 2-Act Play
  • Tuesday: Fiscal Policy: A 2-Act Play; Weekly Essay #6b Due
  • Wednesday: THANKSGIVING HOLIDAY - No School!!!
  • Thursday: THANKSGIVING HOLIDAY - No School!!!
  • Friday: THANKSGIVING HOLIDAY - No School!!!
Week of Monday, November 30th to Friday, December 4th
Weekly Essay Topic: How specifically can the federal government decrease the rates of inflation or unemployment using the tools of fiscal policy? How do these tools achieve these goals?
Reading Assignment: Chapter 16 Section 3 & Chapter 17 Section 2 (Fiscal Policy); Chapter 18 (International Trade)
  • Monday: Fiscal Policy Review Game 1/2
  • Tuesday: Fiscal Policy Review Game 2/2
  • Wednesday: Fiscal Policy Test; Fiscal Policy Unit Grade; Reading assignment (Ch. 18)
  • Thursday: Review Fiscal Policy Test results; International Trade Notes (start A) 1/5; International Trade Study Guide
  • Friday: International Trade Notes (finish A) 2/5; The Predicament of Betsy & Bert Worksheet; Weekly Essay #7b Due
Week of Monday, December 7th to Friday, December 11th
Weekly Essay Topic: What is the difference between absolute advantage & comparative advantage? Why are these important concepts to understand when dealing with international trade?
Reading Assignment: Chapter 18 (International Trade)
  • Monday: International Trade Notes (B) 3/5; Winners & Losers Worksheet
  • Tuesday: International Trade Notes (C) 4/5; Foreign Exchange Worksheet
  • Wednesday: International Trade Notes (D & E) 5/5
  • Thursday: International Trade Review
  • Friday: International Trade Test; International Trade Unit Grade; Weekly Essay #8b Due; Begin reviewing for semester exam; Collect textbooks
Week of Monday, December 14th to Friday, December 18th
Weekly Essay Topic: No Weekly Essay
Reading Assignment: No Reading Assignment
  • Monday: Review for Semester Exam
  • Tuesday: Review for Semester Exam
  • Wednesday: Review for Semester Exam
  • Thursday: Review for Semester Exam
  • Friday: Semester Exam

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