Economics Budget Project

Click here for a digital copy of the Budget Project!

  • 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; you may not just rely on the fact that you’ve decided to pay extra for “unlimited data” on your phone plan. 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.

h/t to Mrs. Berry for putting all of this together for the Wheeler Econ team!

AP Economics: Please Complete This Survey!

Hello AP Econ! Every the Georgia Department of Education requires all high schools to administer the Student Health Survey to all students. Wheeler has decided to accomplish this by requesting that all 3rd Block classes administer the surveys to their students. The link for the survey can be found below. Once you have completed the survey, please email a screen shot of the completion screen to me at [email protected]. Surveys must be completed Thursday, February 1, 2018. I must sign off that all of my students have completed the Health Survey, so please take the time to get this knocked out as soon as possible. Thank you for your cooperation!

Georgia Student Health Survey

Economics Unit One: Fundamentals

We will have weekly vocabulary quizzes, with the first being on Friday, 12 January. Our unit test will be administered on Friday, 19 January. JUST KIDDING! Our test will be Wednesday, 24 January. Thanks, snow days!

Domain 1 Week 1 Vocabulary

Domain 1 Week 2 Vocabulary

In this unit, students will:

Explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments

  • Compare marginal benefits and marginal costs to explain rational decision making
  • Explain how specialization and voluntary exchange influence buyers and sellers
  • Compare and contrast different economic systems and how each answers the three economic questions of what to produce, how to produce and for whom to produce
  • Describe the roles of government in the United States economy
  • Explain how productivity, economic growth, and future standards of living are influenced by investment in factories,machinery, new technology, and the health, education, and training of people

Topic Agenda (and associated assignments):

  • 1/5: Scarcity, Trade-offs, and Opportunity Cost
  • 1/9: The Production Possibilities Curve
  • 1/10: Rational Decision Making and Marginal Analysis
  • 1/11-1/12: Economic Systems and the Broad Social Goals of Economics
  • 1/16: The Role of Government in Economics
  • 1/17-1/19: SNOW DAYS
  • 1/22-1/23: Specialization, Productivity, and the Production Possibilities Curve
  • 1/24: Unit One Test

Welcome to AP Economics!

Welcome to AP Economics! We will be actually be covering two courses in one this semester, as well fully cover the AP Micro- and Macroeconomics courses. Upon completion of the course, you will have the option to take the AP Microeconomics or Macroeconomics Exam, or both.

I will primarily post information, notes, and handouts from class on my Google Classroom. To join the Google Classroom, go to classroom.google.com and log in with either your @wheelerhigh.com or @wheelermagnet.com email address. You will then need to enter the following class code: 9q3ny8.

In addition to being attached below, I have attached the syllabus and key skills and concepts necessary to succeed to the “About” section of the Google Classroom. Please also check the class Google Calendar frequently for upcoming units, topics, assessments, and deadlines. This course’s schedule is tentative and is subject to change at the instructor’s discretion.

All Economics students must take the Georgia Milestones EOC at the end of the course. The  Georgia Milestones Economics EOC for this course is tentatively scheduled for Monday, 30 April.

Finally, I will be using both Remind and the announcement function here in Google Classroom to communicate with you outside of the classroom. By signing up for the Remind account, you will earn 5 bonus points on your first test. To sign up, text @whsapecon to 81010.

Welcome to Economics!

Economics is the study of how individuals satisfy their wants and needs, how goods and services are produced as well as a study of how nation’s economies interact with other economies.

I will use Remind to stay in contact outside of class, so please sign up by texting @econwhite to 81010. I will reward students that sign up for the class Remind account with 5 extra points on the first unit test.

Economics Syllabus Spring 2018

Economics Unit 5: Fiscal Policy, Money, and Monetary Policy

We are coming to the end of Economics, and only two units remain! Unit 5 covers money, investing, and monetary and fiscal policy. The Unit 5 Vocabulary Quiz will be on Wednesday, 29 November, and the Unit 5 Test will be Thursday, 30 November.

Unit Five Packet

Unit 5 Vocabulary

Unit 5 Notes

  • 12/1: Unit 5 Test

Economics Unit 4: Macroeconomics – Economic Indicators

We will have a vocab quiz on Friday, 10 November, and our unit test on Monday, 13 November. Be aware, there may be some pop quizzes during this unit!

In this unit, students will:

  • Define GDP using the output expenditure model
  • Determine how the unemployment rate, CPI, inflation, real GDP, aggregate supply and aggregate demand are used to evaluate economic growth, stable prices, and full employment.
  • Identify different types of unemployment
  • Define the stages of the business cycle

Unit 4 Notes

Dates:

  • 11/6: Macroeconomic Goals and Gross Domestic Product
  • 11/8: Unemployment and Inflation
  • 11/9: The Business Cycle
  • 11/10: Aggregate Demand and Aggregate Supply (and vocab quiz!)
  • 11/13: Unit Test

Economics Unit 2: Microeconomics – Supply and Demand

We will have  our Unit Two Test on Wednesday, 25 October. In this unit, you will:

  • Illustrate a circular flow diagram
  • Explain the flow of goods, services, resources, and money between and among households and firms
  • Define the Law of Supply and the Law of Demand
  • Understand the difference between supply and quantity supplied and demand and quantity demanded
  • Examine how market equilibrium is achieved and illustrated on a graph, including the role of price ceilings and price floors
  • Identify the determinants of demand and the determinants of supply

Unit 2 Notes

Dates:

  • 10/17: The Circular Flow of Goods and Services
  • 10/18: The Law of Demand
  • 10/19: The Law of Supply
  • 10/20: Lab for Budget Project Work
  • 10/23: Combing Supply and Demand – Equilibrium and the Market Clearing Price
  • 10/24: Price Controls
  • 10/25: Test

Economics Unit One: Fundamentals

We will begin having weekly vocabulary quizzes, with the first being on Friday, 6 October. Our unit test will be administered on Monday, 16 October.

In this unit, students will:

Explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments

  • Compare marginal benefits and marginal costs to explain rational decision making
  • Explain how specialization and voluntary exchange influence buyers and sellers
  • Compare and contrast different economic systems and how each answers the three economic questions of what to produce, how to produce and for whom to produce
  • Describe the roles of government in the United States economy
  • Explain how productivity, economic growth, and future standards of living are influenced by investment in factories,machinery, new technology, and the health, education, and training of people

Unit 1 GSE Notes

Topic Agenda (and associated assignments):

  • 10/2: Scarcity, Trade-offs, and Opportunity Cost
  • 10/3: The Production Possibilities Curve
  • 10/4: Rational Decision Making and Marginal Analysis
  • 10/5-10/6: Economic Systems and the Broad Social Goals of Economics
  • 10/9: The Role of Government in Economics
  • 10/10-10/12: Specialization and Productivity
  • 10/13: Review
  • 10/16: Unit One Test