Hon. Econ. Week of Sept. 21-Oct 18, Units 4-5

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Posted by cliftonj | Posted in Hon. Gov/Econ | Posted on September 20, 2016

***EOC Review Unit 1 economics_review_week_-_day_one***

***EOC Review  Day 2 unit_2_microeconomics_review***

Don’t forget to work on USA Test Prep, assignments due By Tuesday!!!

Tuesday the 18th, but don’t wait to complete. It is a great way to review

for the EOC which is 20%of your grade!

 

Wednesday September 21

LG: To explain the reasons for international trade, define and give
examples of imports and exports, explain the significance of
specialization in international trade, define absolute advantage
and comparative advantage, identify countries with absolute
advantage and comparative from a data set, explain the effects
of absolute and comparative advantage on international trade,
read and interpret scenarios, tables, and graphs related to absolute
and comparative advantage, and give the significance of balance
of trade and balance of payment data as economic indicators.

1.     Intro to International Trade Power Point and Videos/Notes

2.     Activity absolute advantage and comparative advantage

Thursday September 22

LG: To explain the reasons for international trade, define and give examples of imports
and exports, explain the significance of specialization in international trade, define
absolute advantage and comparative advantage, identify countries with absolute
advantage and comparative from a data set, explain the effects of absolute and
comparative advantage on international trade, read and interpret scenarios,
tables, and graphs related to absolute and comparative advantage, and give the
significance of balance of trade and balance of payment data as economic indicators.

1.     Tipping Point Ch. 7-the end of book Quiz

2.     Power Point notes/videos on Trade Organizations

3.     Activity- Balance of Trade vs. Balance of Payments

Friday September 23

LG: To explain the reasons for international trade, define and give examples of imports
and exports, explain the significance of specialization in international trade, define
absolute advantage and comparative advantage, identify countries with absolute
advantage and comparative from a data set, explain the effects of absolute and
comparative advantage on international trade, read and interpret scenarios,
tables, and graphs related to absolute and comparative advantage, and give the
significance of balance of trade and balance of payment data as economic indicators.

1.     Public Service Announcement Activity present Oct. 5-6

2.     Video- International Trade

Monday October 3

LG: To explain the reasons for international trade, define and give examples of imports
and exports, explain the significance of specialization in international trade, define
absolute advantage and comparative advantage, identify countries with absolute
advantage and comparative from a data set, explain the effects of absolute and
comparative advantage on international trade, read and interpret scenarios,
tables, and graphs related to absolute and comparative advantage, and give the
significance of balance of trade and balance of payment data as economic indicators.

1.     Power Point notes/videos on Trade Organizations

2.     Power Point notes on balance of payment and trade

3.     Define trade barriers

4.     Identify costs and benefits of trade barriers

5.     List specific examples of trade barriers in U.S. history

6.     Public Service Announcement Activity present Oct. 5-6

Tuesday October 4

LG: Explain the effects of tariffs, quotas, embargoes, and subsidies on international
trade, give reasons why nations impose trade barriers and restrictions on trade,
cite examples of modern-day trade barriers and restrictions, explain the short
and long-term advantages and disadvantages of erecting trade barriers and
restrictions, read and interpret scenarios, tables, and graphs related to trade
barriers and restrictions, explain the reasons why nations create trading blocs
as the EU and NAFTA, and give general arguments for and against free trade.

1.    Power Point notes/videos on Exchange Rates

2. Power Point notes on Balance of Trade/Balance of Payments

2.  Review absolute and comparative advantage

3.   Public Service Announcements work

 

Wednesday October 5

LG: Explain the effects of tariffs, quotas, embargoes, and subsidies on international
trade, give reasons why nations impose trade barriers and restrictions on trade,
cite examples of modern-day trade barriers and restrictions, explain the short and
long-term advantages and disadvantages of erecting trade barriers and restrictions,
read and interpret scenarios, tables, and graphs related to trade barriers and restrictions,
explain the reasons why nations create trading blocs such as the EU and NAFTA, and
give general arguments for and against free trade.

1.     Ch. 17 Reading Quiz

2.     Unit 4 Problem Set

3.     Present Public Service Announcements

Thursday October 6

  1. PSA’s
  2. Here’s the link to the practice test.https://www.quia.com/quiz/678432.html

 

HW:  study for test

Friday October 7

LG: Apply rational decision making to personal spending and saving

choices. Show understanding of International Economics Concepts.

1.     Turn in Unit 4 Vocabulary words and Problem set

2.     Unit 4 Assessment

3.     Unit 5 Vocabulary words

4. positive and negative incentives discussion and activity

5.     Use rational decision making model to select one option over

another activity

6.     Compare services offered by different financial institutions notes

7.     Create a savings or financial investment plan for a future goal

–notes and activity

HW:  EOC Prep on USATest Prep

Monday October 10

LG: Explain that banks and other financial institutions are businesses

that channel funds from savers to investors.

1.     Ch. 10 Reading quiz tomorrow

2.     Use rational decision making model to select one option over

another activity

3.     Compare services offered by different financial institutions notes

4.     Create a savings or financial investment plan for a future goal

–notes and activity

5.     Explain reasons for the spread between interest charged and

interest earned.

6.     Examples of the direct relationship between risk and return.

7.     Evaluate a variety of savings and investment options; include

stocks, bonds, and mutual funds.

HW:  EOC Prep on USATest Prep

Tuesday October 11

LG: Explain how changes in monetary and fiscal policy can have an

impact on an individual’s spending and saving choices.

1.     Examples of who benefits and who loses from inflation.

2.     Define progressive, regressive, and proportional taxes.

3.     Explain how an increase in sales tax affects different income

groups.

4.     List factors that affect credit worthiness.

5.     Show credit reports sites and examples

6.     Compare interest rates on loans and credit cards from different

institutions.

HW:  EOC Prep on USATest Prep

Wednesday October 12

LG: Describe how insurance and other risk-management strategies protect against financial loss and how the earnings of workers are determined in the marketplace.

1.     Ch. 11 Reading Quiz

2.     Explain the difference between simple and compound interest

rates

3.     List various types of insurance such as automobile, health, life,

disability, and property.

4.     Explain the costs and benefits associated with different types of

insurance; include deductibles, premiums, shared liability, and asset

protection.

5.     Identify skills that are required to be successful in the workplace.

6.     Explain the significance of investment in education, training, and

skill development.

7.     Discuss what makes people successful and what people need in

order to be successful

HW:  EOC Prep on USATest Prep

Thursday October 13

LG: Demonstrate understanding of personal finance.

1.     Turn in Unit 5 vocabulary

2.     Unit 5 Assessment

3.     Review for Econ EOC

Friday October 14

LG: Demonstrate understanding of Econ. Concepts.

1.     Review for Econ EOC

Monday October 17

LG: Demonstrate understanding of Econ. Concepts.

1.      Econ EOC

Tuesday October 18

LG: Demonstrate understanding of Econ. Concepts.

  1. Econ EOC

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