Monday and Wednesday, July 20 & 22, 2020, Economics: Day 21 & 23

Please complete all assignments before July 23, 2020 when class meets.
Book: O'Sullivan and Sheffrin. Economics: Principles in Action. Prentice Hall

Chapter 15 Fiscal Policy Assessment: p. 410-411 #1-23  Key Terms, Using Graphic Organizers, Reviewing Main Ideas, Critical Thinking, Problem-Solving Activity, Skills for Life.
Chapter 16 The Federal Reserve and Monetary Policy Assessment: p. 436-437  #1-22 Key Terms, Using Graphic Organizers, Reviewing Main Ideas, Critical Thinking, Problem-Solving Activity, Skills for Life.
Chapter 17 International Trade Assessment: p. 466-467  #1- 20 Key Terms, Using Graphic Organizers, Reviewing Main Ideas, Critical Thinking, Problem-Solving Activity, Skills for Life.
Case Study:  p. 409 Will Social Security Survive?, p. 435 Banking, Monetary Policy, and the Great Depression. p. 465 NAFTA: Is Free Trade a Good Idea
Study Guide

1. Corporation
2. conglomerate
3. sole proprietorship
4. vertical/ horizontal merger
5. limited partnership
6. nonprofit organization
7. Labor Force
8. productivity
9. equilibrium wage
10. semi-skilled labor
11. skilled labor
12. professional labor
13. glass ceiling
14. labor union
15. strike
16. right-to-work law
17. collective bargaining
18. white/blue collar worker
19. arbitration
20. Characteristics of money
21. Uses of Money
22. Sources of money
23. History of banking
24. Investment 
25. Financial System
26. Mutual Fund
27. Diversification
28. Portfolio 
29. prospectus 
30. return 
31. maturity 
32. yield 
33. savings bond
34. municipal bond
35. Securities Exchange Commission 
36. junk bond
37. capital/money/primary/secondary markets
38. share
39. capital gains/loss
40. stock exchange 
41. speculation
42. bull/bear market
43. NASDAQ/DOW/S&P 500
44. GDP
45. Business Cycle
46. Types of Unemployment  

Thursday, July 16, 2020, Economics: Day 20

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

Objectives: SWBAT

• describe Gross Domestic Product
• analyze Economic Challenges
• describe taxes and government spending

Warm Up 15 minutes: Students share work on the history of Banking in the U.S. trade and buy stock

• History of Banking 
• Stock Contest 

Lecture 20 minutes: 

1. Goods/Services, GDP, Aggregate Demand and Supply, Business Cycle
2.  Ch. 14 Taxes and Government Spending
3. Macroeconomic Equilibrium 

Key Terms 10 minutes: p. 310-316 Define and significance

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

Graphing 20 minutes:  Students graph their own business cycle, and Aggregate Supply and Demand. Students identify three durable and nondurable goods and three services. 
Independent Work 

Assessment 25 minutes: Chapter 12.3 p. 324 #1-6
Activity 25 minutes: Business Plan

• How much money will you need to start your business?
• How many workers? What will be the responsibilities of each? 
• How much production do you expect from each new worker added? 
• How will you be able to determine how to price your good or service? 
• How much will your fixed/variable costs be?
• How many goods or services will you have to sell a month to make it a profit?

Key Terms 20 minutes: Define and Significance

1. Inflation
2. purchasing power
3. price index
4. Consumer Price Index
5. market basket
6. inflation rate
7. hyperinflation
8. wage-price spiral
9. fixed income
10. deflation

Assessment 20 minutes: Ch. 13.3 Poverty p. 350 #1-7

Assessment 30 minutes: Ch. 14 Taxes and Government Spending #1-21 p. 382-383

Second hour of Google Meet 
4 Square Activity 25 minutes: Describe, Significance, Draw p. 331-333

1. Frictional Unemployment
2. Seasonal Unemployment
3. Structural Unemployment
4. Cyclical Unemployment

Case Study 10 minutes: Unemployment in a Booming Economy p. 351
Closing 5 minutes: Review Objectives

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