Week 7 – Economics

  • Monday (2/12/18) – Budget Project
    • Lab 2048
    • See the post below for all the links to help you do your budget project
  • Tuesday (2/13/18) – Packet/Book Work Day
    • I and Coach Nichols are going to be absent so you will be completing the following while we’re out:
      • In the Unit 4 Packet:
        • GDP Activity (1st page of the packet) – do the whole page
        • Section 1: Guided Reading and Review Gross Domestic Product – do the vocabulary section at the bottom we skipped last week
        • Unemployment Scenario Assignment  – look in the textbook to define frictional, structural, cyclical, and seasonal unemployment, then complete the page figuring out what type of unemployment situation each one is
      • Textbook Assignments:
        • p. 336 # 1, 2, 3, 4, 6
        • p. 343 #1, 2, 3, 6
  • Wednesday (2/14/18) – Valentine’s Day – Business Cycle In-Class Project
    • You’ll be divided into groups and will be working on creating a business cycle for a decade assigned to you.
  • Thursday (2/15/18) – Unit 4 Test Review
    • GDP
    • Inflation
    • Unemployment
    • Business Cycle
    • Aggregate Supply/Aggregate Demand
  • Friday (2/16/18) – Unit 4 Test

Budget Project

Budget Project Click Here!

  • If you want to make edits directly on the document so you can save it online follow these directions:
    • Click on “File” in the top left corner of the page.
    • Click on “Make a Copy…”
    • A box will pop up with the name of the file (you can change it to whatever you would like to name it).
    • Click “Ok”
    • You have your own copy now!
  • If you want a google account to save everything, we really recommend it. It automatically saves everything you do without having to actually click a button to save it. You can access it from anywhere including your phone or any computer you go to.
  • Proof Checklist – you need this to make sure you give proof of each section of your project
    • If you don’t have proof of a section of your project, we will NOT GRADE IT! You will lose all points for that section.
  • Health Insurance Worksheet – you will go to healthcare.gov to fill out this worksheet and find out the information for your health insurance.

 

Helpful Links for your Project:

  • Apartment Websites:
  • Utilities Websites:
    • Electric Bill Estimator (you input the information into the website and it will calculate your bill for you, then you can print the page and you will have proof of your bill amount)
      •  https://laneelectric.com/rates-fees/electric-bill-estimator/ (copy and paste this link to get to the bill calculator
    • Natural Gas: you probably don’t have this if you live in an apartment. If you do, use the link below to help you calculate your bill.
      • I can’t find a link that works. I’ll out one up when I do find one.
    • Water Bill Estimator – google average gallons used by a person in a month (it will be thousands of gallons – it’s ok). Then divide the gallons by 748 to find the CCF. Enter the number for CCF into the bill estimator and your payment is calculated! Like magic!  Water Bill Estimator
    • Garbage is normally included with your apartment cost. If you live in a house or townhome, it’s usually separate. Here are some websites you can use to find costs:
    • Internet/Cable/Home Phone: you can use your bills from home if you have them. You can bundle these in any combination you wish. If you have Netflix, you must have internet. No, you may not steal internet. 🙂
    • Cell Phone: you are no longer on your parent’s family plan. You may get a family plan with your roommate if you want to lower the cost. Use whatever plan you want.
    • For the rest of the utilities, you can use whatever information you have including what you use at home. Ask if you have questions.
  • Vehicle Websites:
  • Car Payment Calculator:
    • Car Payment Calculator
      • Adjust the price of the car to the total amount of your car.
      • Leave credit rating at Good
      • Change down payment to $0
      • Change term length to 48 months
  • Gas for Auto: Here’s how to calculate your gas and parking
    • Here is a detailed explanation for the first part.
    • Then you need to take the total miles per month, divide it by the average miles per gallon, and multiply by the $2.35 gas price.
      • This will give you your monthly cost of gasoline.
    • Parking: It’s $5 per day, you work 5 days per week, and there’s 4 weeks in a month. So multiply 5x5x4 to find your parking cost.
  • Marta Fare Cost – if you wish to travel using Marta (it’s Smarta!), you may do so. Here is a link to the fare page so you can figure out how much it costs.
  • Insurance: you MUST find all four insurances (health, life, auto, and renter’s).
    • Auto and Life Insurance:
      • Nerdwallet.com has a lot of help with insurance on it. You can definitely find Auto and Life insurance on Nerdwallet.
      • Nerdwallet.com
        • Click on “Insurance,” then click on “Car Insurance Estimates” for car insurance.
        • Click on “Insurance,” then click on “Term life insurance quotes” for life insurance.
    • Health Insurance:
    • Renter’s Insurance:
  • Groceries: easiest way to do your groceries is to make a shopping cart using walmart.com
    • Walmart Shopping Cart
    • You’ll need an account to be able to look for your groceries again.
    • Add all your groceries, personal hygiene, cleaning supplies, etc. in your shopping cart and print it off for your proof.
    • You can even add your clothing for your clothing section of the project. Reminder: it needs to be professional clothing.
    • You can also use Aldi, Dollar General, Kroger, Publix or anything you find that you can make a shopping cart online and print it off. Amazon works too.

Week 6 – Economics

  • Monday – (2/5/18) – Computer Lab 2048
    • Budget Project day
    • Look for the post “Budget Project” to find links that will help you do the entire project.
  • Tuesday (2/6/18) – Market Structures
    • Perfect Competition
    • Monopolistic (Imperfect) Competition
    • Oligopoly
    • Monopoly
      • Legal Monopolies
        • Geographical Monopoly
        • Government/Natural Monopoly
        • Technological Monopoly
  • Wednesday (2/7/18) – Unit 3 “Quest” (not a quiz, but not a test)
    • Covering the following:
      • Business Organizations
        • Sole Proprietorship
        • Partnership
        • Corporation
      • Market Structures
        • Perfect Competition
        • Monopolistic (Imperfect) Competition
        • Oligopoly
        • Monopoly
  • Thursday (2/8/18) – Start Unit 4 – Macroeconomics
    • Macroeconomic Goals:
      • Steady economic growth
      • Stable prices
      • Full employment
    •  GDP
      • Definition
      • Output Expenditure Model
      • Included vs. Not Included
      • Real vs. Nominal
  • Friday (2/9/18) – Macroeconomics
    • Inflation
      • Definition
      • Consumer Price Index (CPI)
      • Hyperinflation
      • Who benefits vs. who loses from unanticipated inflation
    • Unemployment
      • Definition
      • Unemployment rate
      • Types:
        • Seasonal
        • Structural
        • Cyclical
        • Frictional

Week 5 – Economics

  • Monday (1/29/18) – Supply
    • Law of Supply
    • Changes in Supply
      • Price changes
      • Cost of production
      • Exterior changes
      • Consumer expectations
    • Supply Graphs
    • Unit 2 Vocab Quiz – moved it to today instead of last Friday
    • Half class to work on budget projects
  • Tuesday (1/30/18) – Equilibrium Graphs
    • Combining Supply and Demand
      • What happens to equilibrium price and quantity?
    • Finish out Unit 2 packets
  • Wednesday (1/31/18) – Unit 2 Test Review
    • Kahoot Review
      • Circular Flow of Economic Activity
      • Demand
      • Supply
      • Equilibrium
  • Thursday (2/1/18) – Unit 2 Test
    • Circular Flow of Economic Activity
    • Demand
    • Supply
    • Equilibrium
  • Friday (2/2/18) – Start Unit 3
    • Business Organizations
      • Sole Proprietorship
      • Partnership
      • Corporation

Week 4 – Economics

  • Monday (1/22/18) – Review Unit 1 for test tomorrow
  • Tuesday (1/23/18) – Unit 1 Test
  • Wednesday (1/24/18) – Start Unit 2 – Supply and Demand/Circular Flow
    • Econoland – Circular Flow activity
      • how do we use the factors of production in combination with households and businesses?
      • product market
      • factor market
  • Thursday (1/25/18) – Demand
    • Law of Demand
    • Demand graph basics
    • Shifters of demand
    • New vocabulary – Domain 2 Week 1 Vocabulary-2jmjd1h
      • Law of demand
      • Quantity demand
      • Factor market
      • Product market
      • Law of supply
      • Circular flow
      • Barter
      • Quantity supply
      • Medium of exchange
      • Equilibrium
  • Friday (1/26/18) – Demand graph practice
    • IRDL the turtle
      • Increase = Right
      • Decrease = Left

Week 3 – Economics

  • Monday (1/15/18) – MLK Day – No School
  • Tuesday (1/16/18) – Continue Unit 1
    • You’ll get your Unit 1 Part 2 Vocabulary today (Quiz on Thursday)
      • Command System
      • Market System
      • Economic Freedom
      • Economic Equity
      • Economic Security
      • Economic Growth
      • Economic Efficiency
      • Economic Stability
      • Specialization
      • Public Good
    • Continue Features of American Free Enterprise
    • Externalities – Positive/Negative
      • what makes people
    • Start Production Possibilities Graphs (the two worksheets in your Unit 1 Packet will be homework if we’re out of school on Wednesday)
  • Wednesday (1/17/18) – Production Possibilities
    • Going through the two pages in your Unit 1 packet on Production Possibilities
    • Review Unit 1 Part 2 Vocab sheet
    • Marginal analysis
  • Thursday (1/18/18) – Unit 1 Review
  • Friday (1/19/18) – Unit 1 Test

Week 2 – Economics

  • Monday (1/9/18) – SNOW DAY!
  • Tuesday (1/10/18)
    • You will be assigned your budget project today. You will get the following:
      • Salary
      • Complete taxes based on salary
      • Figure out retirement based on salary
    • You will get your vocabulary worksheet for Unit 1 Part 1 today.
      • Scarcity
      • Land resource
      • Labor resource
      • Capital resource
      • Entrepreneurship
      • Trade-off
      • Opportunity cost
      • Human capital
      • Production possibilities curve
      • Shortage
    • Starting the fundamentals terms of Economics in Unit 1 Packet
  • Wednesday (1/10/18)
    • Economic Systems
      • Traditional
      • Command
      • Market
      • Mixed
        • Traditional/Command
        • Command/Market
    • Economic and Social Goals
      • Freedom
      • Security
      • Equity
      • Growth
      • Efficiency
      • Price stability
      • Full employment
      • Sustainability (new goal with the new standards)
  • Thursday (1/11/18)
    • Unit 1 Part 1 Vocabulary Quiz – quiz over the words you got on Tuesday. You’ll be turning in the Vocabulary worksheet too.
    • Features of American Free Enterprise
      • How does America allow people to function on their own controlling allocation of resources, business, etc.
  • Friday (1/12/18) – Computer lab
    • 2nd and 4th block will be in lab 2048
    • 3rd block will be in lab 2009
    • Budget Project time!
      • Research your apartment and start figuring out your bills.
      • Make sure to print out the ads for proof of your apartment and bills.
      • Look through the Budget Project post on my blog for links to help you complete the project.

Week 1 – Economics

Week 9 – Economics

  • Monday – Unit 6 – International Trade
  • Tuesday – International Economics Quiz
    • Quiz over all the information in International Unit
  • Wednesday – EOC Review
    • International Touchstone Review
    • Personal Finance Touchstone Review
    • We’ll go over sample test questions and see where we need to review and what we can be assured we understand
  • Thursday – EOC Review
    • Macroeconomics Touchstone Review
    • Microeconomics Touchstone Review
  • Friday – EOC Review
    • Fundamentals Touchstone Review
    • We’ll also finish up whatever unit we did not get to finish on Wednesday and Thursday

Week 8 – Economics

  • Monday – Lab 2048
    • Budget Project is due on Friday and today is the last day in the computer lab.
    • You need to make sure you provide proof of everything including but not limited to:
      • Apartment and amenities (the things included at your apartment)
      • Automobile
      • Groceries (it’s just easier to print out your whole shopping cart than to write it all down separately)
      • Miscellaneous (you can include this with your shopping cart if you put them all together)
      • Anything else you think you need proof of:
        • bills that we may question
        • entertainment you may want proof of
  • Tuesday – Federal Reserve
  • Wednesday – Monetary Policy
    • Policy Fixes to the Economy
      • Expansionary
      • Contractionary
    • Tools of Monetary Policy:
      • Reserve Requirement
      • Interest Rates
        • Discount rate
        • Prime rate
        • Fed Funds rate
      • Open Market Operations
  • Thursday – Fiscal Policy
    • Policy Fixes to the Economy
      • Expansionary
      • Contractionary
    • Tools of Fiscal Policy
      • Taxes
      • Budget Spending
  • Friday – Unit 5 Test Review
    • Test on Monday over:
      • Federal Reserve:
        • Chairman
        • Responsibilities
      • Policy Fixes to the Economy:
        • Expansionary
        • Contractionary
      • Monetary Policy:
        • Reserve Requirement
        • Interest Rates
          • Prime Rate
          • Discount Rate
          • Fed Funds Rate
        • Open Market Operations
      • Fiscal Policy:
        • Taxes
        • Budget Spending

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