Tuesday, July 14, 2020, Economics: Day 18

First hour of Google Meet 
Into 5 minutes: Standards, Objectives, Agenda, and Attendance
Objectives: SWBAT

• Describe the three uses of money
• explain the six characteristics of money
• understand the sources of money's value
• describe shifts between centralized and decentralized banking before the Civil War.
• explain how the banking system was stabilized in the later 1800s.
• describe developments in banking during the twentieth century.
• understand banking today.
• analyze and understand financial markets
• describe and understand GDP

Warm Up 15 minutes: Students prepare their homework to go over with the instructor.

Study Guide 15 minutes: Students have time to review study guide

Lecture 15 minutes: Theory of Production & Money 

Activity 25 minutes: Students analyze the six characteristics of money p. 245-246 : Durability, Divisibility, Portability, Uniformity, Limited Supply, Acceptability

• Design your own currency and present to the class. 

Lecture 20 minutes: The Stock Market & Goods/Services, GDP, Aggregate Demand and Supply, Business Cycle 
Independent Work

Writing 35 minutes: Students create a kids story about the history of banking in America p. 250-256: American Banking Before the Civil War, Late 1800s, Banking in the Early Twentieth Century, Banking in the Later Twentieth Century 

• Title 
• Illustrations 
• Seven Pages 

Key Terms 30 minutes: Describe and significance p. 271-283

1. Investment 
2. Financial System
3. Mutual Fund
4. Diversification
5. Portfolio 
6. prospectus 
7. return 
8. maturity 
9. yield 
10. savings bond
11. municipal bond
12. Securities Exchange Commission 
13. junk bond
14. capital/money/primary/secondary markets
15. share
16. capital gains/loss
17. stock exchange 
18. speculation
19. bull/bear market
20. NASDAQ/DOW/S&P 500

Research 25 minutes: Students can buy/trade/ research stock.

Assessment 25 minutes: Chapter 12.3 Gross Domestic Product and Growth p. 324 #1-6 

Second hour of Google Meet 

Graphing 20 minutes:  Students graph their own business cycle, and Aggregate Supply and Demand. Students identify three durable and nondurable goods and three services.  p. 310-316

Key Terms 10 minutes: Define and significance

1. Recession
2. Depression
3. stagflation 
4. leading indicators 

Test 20 minutes: Students get started on Economics Midterm.

Closing 5 minutes: Review Objectives