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

Week 7 – Economics

  • Monday – Computer Lab 2048 – Budget Project
    • Due December 1st!
    • Make sure you have proof of EVERYTHING! If you have to ask if you need proof of something, you probably do so just go ahead and print out your proof.
  • Tuesday – continue Unit 4 – Aggregate Demand/Aggregate Supply
    • Based on changes in Unemployment, Inflation, and GDP, what changes an Aggregate Supply and Aggregate Demand graph?
    • Study for Test:
      • GDP
        • C+I+G+Xn = GDP
        • definition
        • Real vs. Nominal
      • Inflation
        • Regular inflation
        • Hyperinflation
        • Deflation
        • Stagflation
        • Consumer Price Index
      • Unemployment
        • definition
        • Unemployment Rate calculation
        • Types:
          • Frictional
          • Structural
          • Cyclical
      • Aggregate Supply and Aggregate Demand
      • Business Cycle
        • Peak
        • Trough
        • Expansion
        • Contraction
  • Wednesday – Unit 4 Test
    • Make sure you have your packet completed and ready to hand in.
  • Thursday – Start Unit 5/Senior Project Presentation Practice
    • If you have a senior project and you’d like to practice your presentation, we can practice in class to help you get ready.
    • Unit 5 – Federal Reserve
  • Friday – Recovery Day
    • You can make up ANYTHING you want.
      • If you’re missing work, a test, a quiz, etc., you can make it up and we’ll replace the grade.
      • If you need to re-take a test/quiz, you can get it done today.

Week 6 – Economics

  • Monday – Computer Lab 2048 – Budget Project
    • Continue looking on the Budget Project post for all the websites and help you need to complete your project.
    • I keep adding more and more links to help you find the information you need.
  • Tuesday – Teacher Work Day! No School for students!
  • Wednesday – Continue Unit 4 – Unemployment
    • What does it mean to be unemployed?
      • Structural unemployment
      • Frictional unemployment
      • Cyclical unemployment
    • Labor Force
    • Unemployment/Labor Force Simulation
  • Thursday – Continue Unit 4 – Business Cycle
    • What do the different parts mean?
      • Growth
      • Boom
      • Recession
      • Declining
      • Peak
      • Trough
      • Depression
  • Friday – Study Unit 4
    • GDP
      • Output Expenditure Formula – C+I+G+Xn = GDP
      • Real GDP
      • Nominal GDP
      • Not Included:
        • Nonmarket Transactions
        • Underground Economy
        • Secondhand Sales
        • Stock (Inventory and Storage)
    • Inflation
      • Normal inflation
      • Hyperinflation
      • Deflation
      • Stagflation
      • Consumer Price Index (CPI)
    • Unemployment
      • Structural unemployment
      • Frictional unemployment
      • Cyclical unemployment
      • Labor Force
    • Business Cycle
      • Peak/Boom
      • Declining/Recession
      • Depression/Trough
      • Recovery
  • Next Monday (11/13/17) – Unit 4 Test
    • Look on Thursday for all the topics you need to study to prepare for your test.

Week 5 – Economics

  • Monday: Continue Unit 3: Market Structures/Computer Lab 2048 – Budget Project
    • Market Structures:
      • Perfect Competition
      • Monopolistic Competition
    • Budget Project – continue looking back at the post on the Budget Project. There are links there to help you finish your project. Project is due in December (final date not decided yet).
  • Tuesday: Continue Unit 3: Finish Market Structures
    • Monopoly
      • Legal and Illegal
    • Oligopoly
    • Review for Test:
      • Types of Business Organization
        • Sole Proprietorship
        • Partnership
        • Corporation
      • Types of Market Structure
        • Perfect Competition
        • Monopolistic Competition
        • Monopoly
        • Oligopoly
  • Wednesday: Unit 3 Test
    • Types of Business Organization
      • Sole Proprietorship
      • Partnership
      • Corporation
    • Types of Market Structure
      • Perfect Competition
      • Monopolistic Competition
      • Monopoly
      • Oligopoly
  • Thursday: start Unit 4 – GDP, Inflation, Unemployment
    • GDP – what is it and how do we calculate it?
      • C+I+G+Xn = GDP
      • Consumer involvement
      • Nominal GDP
      • Real GDP
    • Inflation:
      • Inflation
      • Stagflation
      • Deflation
  • Friday: continue Unit 4
    • Unemployment
      • Frictional
      • Structural
      • Cyclical
    • Unemployment Rate
      • Full employment
      • Underemployment
      • Discouraged Workers
    • Unemployment Simulation

Week 4 Economics

  • Monday – Supply and Computer Lab 2048 (Budget Project)
    • Supply graphs
      • Law of supply
      • Change in graphs
      • Inputs
    • Budget Project – look at post from two weeks ago (Budget Project helpful links) to help you finish the project.
  • Tuesday – Equilibrium Graphs
    • Price change
    • Quantity change
    • How does supply and demand change affect price and quantity
  • Wednesday – Study and Prepare for Test
    • Elasticity of Supply and Demand
    • Normal v. inferior
    • Demand
      • Law of Demand
      • Graphs
      • Complements
      • Substitutes
      • Change in whole demand
      • Change in quantity – due to price change
    • Supply
      • Law of Supply
      • Graphs
      • Inputs
    • Equilibrium Graphs
      • Price and Quantity change
  • Thursday – Unit 2 Test
    • Normal v. inferior
    • Demand
      • Law of Demand
      • Graphs
      • Complements
      • Substitutes
      • Change in whole demand
      • Change in quantity – due to price change
    • Supply
      • Law of Supply
      • Graphs
      • Inputs
    • Equilibrium Graphs
      • Price and Quantity change
    • Elasticity of Supply and Demand
    • Circular Flow Chart
      • Product market
      • Factor market
  • Friday – Start Unit 3 – Micro Continued
    • Business Organizations
      • Sole Proprietorship
      • Partnership
      • Corporation

Week 3 – Economics

  • Monday – Unit 1 Test/Budget Project
    • Topics Included:
      • Scarcity
      • Three Economic Questions
      • 4 Economic Systems
      • Wants v. Needs
      • Production Possibilities
      • Trade-offs
      • Opportunity Cost
    • Work on Budget Project in Lab 2048
      • Project not due until December but you need to be finishing up topics on your project.
      • Make sure you have your apartment and utilities taken care of by now.
      • Look for the post from last week to find weblinks to help you do the project.
  • Tuesday – Start Unit 2 – Microeconomics: Supply and Demand
    • Circular Flow of Economic Activity
      • Image result for circular flow of economic activity
    • Get new set of Vocab for Unit 2
  • Wednesday – Unit 2 – Demand
    • Law of Demand
    • Law of Supply
    • Law Posters
  • Thursday – Unit 2
    • Unit 2 Vocab Quiz Part 1
    • Get new Unit 2 Vocab Part 2
    • What is the difference between a change and a shift?
    • Graphing problems
  • Friday – Unit 2
    • Graph quiz
    • Market in Wheat Game!

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.

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)
      •  http://laneelectric.com/tools/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 (you put in the amount of water you will use into the CCF box and then it will calculate your payment, then you can print the page and you will have proof of your bill amount) 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:
      • Health Insurance Estimator
      • Here is the section of the page you need to go to. It’s towards the bottom of the page. Click on “Health Insurance for those not covered by employer” to find your health insurance quote.
    • 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.
  • Stocks:
    • Yahoo Finance
    • You need to look at the 52 week range to find the 52 week high and the 52 week low.
    • You need to look at the graph to the right of the page and click 1M to look at the one month chart.
      • Look at the beginning point of the graph to find the purchase price and date.
      • Look at the last point of the graph to find the price day before due and date.
    • If you need help, ask!

Week 1 – Economics

  • Monday – Welcome to Economics!
    • Syllabus – here is the link to the syllabus
    • Budget Project – this is the only major project you will have in Economics.  It won’t be due until December, but it’s a MAJOR project and not something you can complete overnight.  We start work on October 5th (that’s this Thursday)
    • Economic Way of Thinking (EWOT) – what is it and how do you get your brain in this mode of thinking?
  • Tuesday – Unit 1 – Fundamentals
    • Vocab Packets
    • Unit 1 Packets
    • Fundamentals = basics of Economics.  What is Economics all about and what will be doing for the rest of the semester with the basics?
      • Notes from Page 1 of your Unit 1 Packet:
        • Three economic questions
        • Scarcity
        • Five basic economic goals
        • Four economic systems
  • Wednesday – continue Unit 1
    • Features of American Free Enterprise – graphic organizer in your packet
    • Chapter 2: Section 2 Notes in your Unit 1 packet
      • Why markets exist – specialization
      • Free market economy
      • The Self-Regulating Nature of the Marketplace (Self-Interest and Competition)
    • Production Possibilities Curves page in your Unit 1 packet
  • Thursday – Computer Lab 2048
  • Friday – continue Unit 1
    • Unit 1 Vocab Quiz – Vocab Part 1 Packet is due today
    • Get Unit 1 Vocab Part 2 Packet – quiz on these words Tuesday
    • Econoland!!!! – game that shows you how the factors of production work with production possibilities

Government – Week 6

  • Monday – Labor Day – No School!
  • Tuesday – Computer Lab 2048
    • Presidents Projects – due September 15th!
  • Wednesday – Roles of the President
    • We’ll discuss the 7 roles below and then do an activity to make sure we understand what each role actually means.
    • Chief Executive
    • Chief of State
    • Commander in Chief
    • Chief Diplomat
    • Chief Legislator
    • Chief of the Party
    • Chief Administrator
  • Thursday – Unit 4 Quiz – Vocab
    • Vocab Quiz will be first over Unit 4
    • Packet finish up day – we’ll finish up worksheets in the packet to get ready for the test on Friday (tomorrow)
  • Friday – Unit 4 Test
    • Packet and Vocabulary are due BEFORE the test

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