Daily Agenda

Monday, June 11
1. News
2. Questions?
3. Survey
4. Complete review/kahoot
        **LT: I will be able to summarize key points from my
                 understanding of economics
         *P1.4


Friday, June 8
1. News
2. Continue working on exam review
3. kahoot review
    **LT: I will be able to summarize key points from my
                 understanding of economics
         *P1.4


Thursday, June 7
1. News
2. Continue working on exam review
3. kahoot review
    **LT: I will be able to summarize key points from my
                 understanding of economics
         *P1.4


Wednesday, June 6
1. Begin reviewing for exam
    **LT: I will be able to summarize key points from my
                 understanding of economics
         *P1.4

Tuesday, June 5
1. News
2. Correct Monday's seat work
3. Review content vocabulary
4. Create your own kahoot review:
         -6 questions from chapters 16 & 17
         -each question needs to have 4 quality choices
         -title the kahoot Coats econ review
      **LT: I will be able to summarize the key points
                  from international trade/developing countries
              *P1.1

Monday, June 4
1. News
2. Discuss/review transition assignment
3. Read about profiles in Economics "Karl Marx"  I  181
4. Independent seat work
5. Begin reading about globalization  I  186
       -define content vocabulary (I  186)
      **LT: I will be able to explain how globalization leads to 
            growing interaction among countries
           *3.2.5  


Friday, June 1
1. News
2. Review economic development guides 
3. Read primary source document: Hands across the DMZ I 170
        answer  DBQ's
4. Read about the transition from socialism/communism to
      capitalism
    a. what are the three things that make the transition to capitalism 
         difficult?   
     b. why should countries choose capitalism?
     c.  describe privatization
     d. describe the power shift when countries move from communism 
           to capitalism
     e. describe the transition from communism to capitalism in the 
           following areas:
              -Russia          -China          -Latin America
          **LT: I will be able to why countries are eager to move from 
                communism to capitalism
             *3.1.6



Thursday, May 31
1. News
2. Present partner research on your country
3. Review economic development guides 
       **LT: I will be able to site relevant economic data about 
                the country that I chose 
             *3.1.6  


Wednesday, May 30
1. News
2. Complete economic development work
3. Partner research:
    a. Choose one of the poorest countries in the world (based on GDP)
    b. Research this country to find:
            -per capita GDP, income 
            -life expectancy, infant mortality rate, population
            -what type of international aid does the country receive 
            -what are the biggest challenges facing the country   
    c. Create a slide-show detailing all of your research
           **LT: I will be able to site relevant economic data about 
                the country that I chose 
             *3.1.6  


Tuesday, May 29
1. News
2. Wrap-up international trade 
3. Discuss developing countries assignment
4. Examine Gross national income per capita I  155
5. Read case study  I  163
6. Achieving Economic Development: 
      -create a student's guide
      -the first section will deal with funding economic development
         -savings, microfinance, international agencies, government aid
             grants , and private foreign investment
       -section two: Regional economic cooperation: list/explain how three
              of these groups operate
            **LT: I will be able to explain how nations can gain economic 
                         independence
              *3.2.3



Friday, May 25
1. News
2. Finish International trade presentations
3. Review Thursday's work
4. Begin looking at Developing Countries  I  153
      **LT: I will be able to explain how foreign trade benefits
              all countries
        *3.2.3


Thursday, May 24
1. Review  of foreign exchange and trade deficits
2. Begin examining economic development
    **LT: I will be able to describe what a developing country is
       *3.1.6

Wednesday, May 23
1. News
2. Complete international trade research
3. Present findings
        **LT: I will be able to identify (the country that I chose) their
         main import, export, and currency
       *3.2.3 


Tuesday, May 22
1. News
2. Share foreign exchange papers
    **LT: I will be able to identify (the country that I chose) their
         main import, export, and currency
       *3.2.3 

Monday, May 21
1. News
2. Share vocab activity
3. Introduce Foreign Exchange and Trade Deficits I  141
         **LT: I will be able to explain how currency valuations effect trade 
             *3.2.3

Friday, May 18
1. News
2. Share "barriers" assignments
3. Review 16.1&2 quiz
4. Crash course review
5. Vocab activity
      **LT: I will be able to compare/contrast free-traders
                  with protectionists 
            *3.2.2

Thursday, May 17
1. News
2. Complete barriers to international trade
3. Read about what it means to be a "free-trader"  I  138
4. Explore Businessweek newsclip (Primary source document)
5. Complete/turn in Wednesday's barriers to international trade assignment
6. Complete questions (ws.) over 16.1&2
     **LT: I will be able to describe what free-traders want
        *3.2.2 

Wednesday, May 16
1. News
2. Introduce Barriers to International Trade  I  132
3.  Examine barriers to international trade p.447 ( I - 132 )
**LT: I will be able to describe two ways that trade can be restricted
*3.2.2

Tuesday, May 15
1. News
2. Continue looking at international trade
3. Examining tariffs
       -protective vs revenue
     **LT: I will be able to explain what a tariffs is
       *3.2.2

Monday, May 14
1. News
2. Discuss international trade questions
3. International trade: Is Wal Mart good for America?
4. Introduce Barriers to international trade  I  132
     **LT: I will be able to list at least two examples of barriers to free trade
       *3.2.3


Friday, May 11
1. News
2. Re-enter test answers
       http://illuminate.online/?access_code=PRU4CRB
3. Introduce section on international trade  I  125
4. Explain why nations trade
        -what is specialization?
5. Compare/contrast absolute advantage and comparative advantage
         -included in the analysis: definitions and examples for each
6. Explain how opportunity cost effects comparative advantage
    **LT: I will be able to explain the difference between comparative
                 and absolute advantage
          *3.2.1 
            


Thursday, May 10
1. Formal evaluation
     **LT: I will be able to demonstrate mastery of the 
                 material contained in chapters 14 & 15 


Wednesday, May 9
1. News
2. Complete test reviews/kahoot
       **LT: I will be able to summarize the key points from chapters 14 & 15
             *3.2.4


Tuesday, May 8
1. News
2. Discuss Keynes vs Monetarist charts
    **LT: I will be able to summarize the key points from chapters 14 & 15
             *3.2.4


Monday, May 7
1. News
2. Share stabilization policies
3. Keynes Vs. Monetarist: 
    - Stabilization policies: How the government can promote economic growth
-identify/describe three types of fiscal policy I 114
5. Keynes Vs Hayek (boom or bust) 
             **students will be able to explain the difference between fiscal and monetary
              policy
       *2.2.3
Friday, May 4
1. News
2. Discuss economic equilibrium
3. Read about John Maynard Keynes  I  113
4. Stabilization policies (p.420):
          -read about the two different policies
          -outline each (in detail)
*Demand-side needs to explain:
-fiscal policy                                        - Keynesian economics
-government's role                           -automatic stabilizers 
-fiscal policy & aggregates             -limitations          
*Supply-side  needs to explain:
-supply-side policies                        -government's role
-taxes                                                     -impact
-limitations                                          
5. Explain monetary policies
     **LT: I will be able to explain the difference between fiscal and monetary
              policy
       *2.2.3 


Thursday, May 3
1. News
2. Checking account debrief
3. Alternative banks (a short video)
4. Introduce Macroeconomic Equilibrium I  98
5. Economic equilibrium
**LT: I will be able to describe what macroeconomic equilibrium is.
*2.2.1


Wednesday, May 2
1. News
2. Conclude checking accounts
       **LT: I will be able to reconcile a checking account
           P.1.5 

Tuesday, May 1
1. News
2. Checking account 
       **LT: I will be able to reconcile a checking account
           P.1.5 


Monday, April 30    
1. News
2. Checking account simulation
     **I will be able to describe the fundamentals of  a checking account
        *4.1.5

Friday, April 27
1. News
2. Correct 14.2
3. Begin working on checking account
      **I will be able to describe the fundamentals of  a checking account
        *4.1.5

Thursday, April 26
1. News
2. Discuss charts
3. Begin checking account simulation
     **I will be able to describe the fundamentals of  a checking account
        *4.1.5


Wednesday April 25
1. Complete the federal reserve system review
   **IF ABSENT: Complete FED 
             -also complete section review questions 14.3 (# 2 - 8 )
     **LT: I will be able to explain the effects of FED actions
       *3.2.4

Tuesday, April 24
1. News
2. Share reader's guide to the FED
3. Discuss timelines
4. Partner assignment
     **LT: I will be able to summarize the FED's impact on the economy
      *3.2.4

Monday, April 23
1. News
2. Share timelines and questions
3. Introduce the Federal Reserve   I  84
       - The FED and Monetary Policy
    **LT: I will be able to describe the FED and explain
          the role it plays in our economy 
        *3.2.4


Friday, April 20
1. Read chapter 14.2  (The development of money and banking)
3. Complete handout
     **LT: I will be able to describe history of money
          (and banking) in the U.S.
         *2.4.4 


Thursday, April 19
1. News
2. Introduce "Money, banking, and the Fed"  I  67
3. Explain: -who issues most of money today
                     -what did we use before we had currency (what did it require?)
                     -describe commodity, fiat, and specie money
4. List and describe the four characteristics of money
5. List and describe the three functions of money
6. Describe the classifications of modern money
7. Why did the use of money replace the barter system?
8. How does money advance the exchange of goods and services?
       **LT: I will be able to describe the characteristics of money
          *2.2.4                      



Wednesday, April 18
1. Formal evaluation
    **LT: I will be able to demonstrate mastery of the 
         material in chapters 9 - 13

Tuesday, April 17
1. News
2. Discuss unemployment
    **LT: I will be able to summarize the key points 
           from chapters 9 -13
        *P1.1


Monday, April 16
1. News
2. Discuss/share business cycles and inflation
3. Unemployment
      -describe the civilian labor force
      -how do we measure the unemployment rate?
      -explain the two ways that the unemployment rate underestimates  
            employment conditions
    **LT: I will be able to describe the causes of unemployment
           *2.2.2


Friday, April 13
1. News
2. Discuss business cycles
3. What is Inflation?
      **LT: I will be able to describe inflation and explain how it is measured
        *2.2.2


Thursday, April 12
1. News
2. Read business week article (primary source)  I  45
3. Crash course business cycle
    **I will be able to list four factors that can cause changes in the business cycle
*2.2.2


Wednesday, April 11
**WorkKeys testing
1. News
2. Complete business cycles assignment 
      **I will be able to list four factors that can cause changes in the business cycle
*2.2.2


Tuesday, April 10
SAT 


Monday, April 9
1. News
2. Review poverty and distribution of income papers
3. The rich get richer (read/discuss) page 346 (I - 31 )
4.Business cycles and fluctuations (p.353) I 38
              -Business Cycles and Fluctuations

**I will be able to list four factors that can cause changes in the business cycle
*2.2.2


Thursday, March 29
1. News
2. Complete poverty/distribution paper
3. Review
      **LT: I will be able to describe at least two ant-poverty programs
          *1.4.4

Wednesday, March 28
1. News
2. Share graphic organizers
          Be sure to describe ALL seven anti-poverty programs
       **LT: I will be able to describe at least two ant-poverty programs
          *1.4.4


Tuesday, March 27
1. News
2. Discuss measuring the nation's output
3. GDP close reading 
4. Introduce "Poverty and the distribution of income"  I  22
5. Create a graphic organizer that will give three explanations 
     for the growing income gap
     **LT: I will be able to list three reasons for the growing
           income gap  
       *2.1.5


Monday, March 26
1. News
2. Review equity questions
     **Download economics book 2 (if needed)
             http://tinyurl.com/CLsocialstudies   
3. Introduce measuring the Nation's outcome  I  4
4. Begin examining GDP

GDP is like two-sided coin, where one represents output and the other side an equal amount
of income
-Explain what GNP measures I 9
-Explain how net national product is determined
-How is national income determined?
-Explain the difference between personal income and disposable person income
-Explain how to calculate GDP using the output-expenditure model

      **LT: I will be able to describe the four economic sectors that contribute 
          to the nation's economy
         *2.1.2


Friday, March 23
1. News
2. Investopedia/History of the Dow
3. Partner activity
    **IF ABSENT: complete chapter 11.3 section review
           questions (all)  page 311
    **LT: I will be able to explain the importance of the "Dow"
       *4.1.3
**DOWNLOAD BOOK TWO

Thursday, March 22
1. News
2. Explain how "Investopedia" works
3. Investopedia.comhttp://www.investopedia.com/simulator/
            -Invest in at least three different companies
            -Print your portfolio page showing your investments and turn in
                     *Be sure to include the reasons for your investment choices
4. Complete equity questions
            **students will be able to explain how a stock market works
               *4.1.5



Wednesday, March 21
1. News
2. Begin reading about equities   I 323
3. Complete investing in equities
      **LT: I will be able to explain what a share of stock represents
        *4.1.5


Tuesday, March 20
1. News
2. Share investment guides
3. Kahoot review
4. Begin reading about equities   I 323
      **LT: I will be able to explain the difference between a 
            stock and a bond
          *4.1.4




Monday, March 19
1. News
2. Complete investment guide
3. With a partner, create a ten question kahoot review for Ch. 11.2
    **students will be able to explain the difference between a 
            stock and a bond
          *4.1.4



Friday, March 16
1. News
2. Discuss financial markets assignment
       **LT: I  will be able to explain the difference between a 
            stock and a bond
          *4.1.4 


Thursday, March 15
1. News
2. Introduce Financial markets  I  307
      -Describe savers and financial assets
3. Read about the circular flow of finance
      -Define: financial system
                      financial intermediaries
4. Study figure 11.1
       -write a brief paragraph summarizing the information
         in the in the visual. Your audience is students who are unfamilar
         with the financial system
5. Create a graphic organizer that 
            that compares and contrasts: finance companies, life insurance 
            companies, and pension funds
         -Also explain/describe the four basic investment considerations
         -Explain why an IOU that you write and give to a friend in payment 
            of a debt is considered an example of a financial asset?
      **LT: I will be able to explain what nonbank financial institutions are
         *2.1.3  
 
      

Wednesday, March 14
1. Formal evaluation
    **LT: I will be able to demonstrate mastery
          of the concepts in unit two


Tuesday, March 13
1. News
2. Review market failures/role of gov't
       **LT: I will be able to summarize the key concepts 
            from unit two
          *P2.5
     

Monday, March 12
1. News
2. Complete newspaper summaries
3. Introduce the role of government in a free market economy  I 205
4. The Role of Government in a Free Market Economy:
              a.) explain the two ways that government can maintain competitive markets
              b.) explain antitrust legislation
              c.) why is government regulation necessary?
              d.) describe two ways that the government can improve economic efficiency
              e.) describe what a "modified free enterprise" system is
         **LT: I will be able to describe the role of government in a free market economy
            *1.4.2


Friday, March 9
1. News
2. Review market structures
3. Students will read about examples of market failures and complete a newspaper summary of the information.
**LT: I will be able to give examples of how markets fail
*1.4.2


Wednesday, March 7
1. News
2. Complete market structure assignment
3. Crash course "market structures"
4. Partner assignment
**IF ABSENT: Complete all section review questions for 7.1
  ** LT: I will be able to identify the four basic market structures
*3.1.5 


Tuesday, March 6
1. News
2. Complete partner assignment
3.  Introduce Market Structures I 189
        Chapter 7, Section 1 - Competition and Market Structures
            - Read Pg. 169 as a class.
5. Create a chart that illustrates the various Market Structures (4). Each market structure must include the following information:
    - Definition (which includes the conditions that are necessary for the market to exist as well as any variety.)
    - List the advantages/disadvantages of each
    - Give an example of an industry that fits that market structure and explain why.
** LT: I will be able to identify the four basic market structures
*3.1.5 


Monday, March 5
1. News
2. Discuss questions from 6.1 & 6.2
3. Complete prices as a signal chart
4. Partner assignment: "Learning from supply and demand curves"
     **I will be able to explain how shortages and surpluses effect 
          producers and consumers
         *1.2.2
**IF ABSENT: Read 6.3; outline section and complete 
     section review questions p.161 


Friday, March 2
1. News
2. Discuss graphes/curves
3. Chapter 6: Prices and Decision Making I 162
      A. Read Section 1: Prices as Signals starting on Pg. 143; Answer Question 1-7 on Pg. 146
      B. Read Section 2: The Price System at Work starting on Pg. 148; Answer the following questions:
     4. Using Figure 6.1, determine why is the equilibrium price important? How realistic is the graph in reflecting the current CD market?
                A. Do you think its common for sellers to offer a new product at a price well above what turns out to be the equilibrium price? Why or why not?
                B. Using Figure 6.2, determine why the surplus shown in Panel A occurred?
                C. What are some factors that could disturb an equilibrium market?
                D. How do surpluses and shortages help establish equilibrium price?
                E. What would cause a change in the market demand for food in Figure 6.3?
                F. How does the elasticity of a good affect its price?
                G. Explain why competitive markets allocate resources efficiently?
               H.Explain the significance of economic model, equilibrium price, surplus, and shortage.
**I will be able to explain what the equilibrium
price is and how it occurs
*1.3.3


Thursday, March 1
1. News
2. Discuss law of supply assignment    
3. Crash course law of supply
5. Independent review
      **LT: I will be able to graph a supply curve
           *1.3.1


Wednesday, February 28
1. News
2. Introduce supply I  137
3. Read 5.1 and define:
     -the law of supply
     -supply schedule
     -supply curve
4. Explain the difference between quantity
        supplied and a change in quantity supplied
5. List/explain the seven factors that can cause
        a change in supply
    **LT: I will be able to describe the law of supply
       *1.3.1
     
Tuesday, February 27
1. News
2. Present elasticity of demand research
3. SAT prep
4.  Introduce the concept of supply
         -Read chapter 5.1
    *LT: I will be able to explain demand elasticity
      *1.3.3



Monday, February 26
1. News
2. Review factors affecting demand
3.  Elasticity of Demand ( I 123 )
      - Notes:
        In notes define the following:
            - Elasticity, elastic, inelastic, unit elastic.
4.
Group Work:
    - Break into groups and present Chapter material to class.
-Each group should choose: a leader, a presenter, a timer, and an artist
    - Each group will be in charge of explaining/summarizing of a part of Chapter 4, Section 3 The parts include:
            Group 1 - Demand Elasticity (Elastic Demand, Inelastic Demand, & Unit Elastic Demand    
            Group 2 - The Total Expenditures Test (Determining Total Expenditures, Three Results)
            Group 3 - The Total Expenditures Test (Determining Elasticity, Elasticity & Revenues)
            Group 4 - Determinants of Demand (Can the Purchase be Delayed)
            Group 5 - Determinants of Demand (Are Adequate Substitutes Available? & Does the Purchase Use a Large Portion of Income?)
***Each groups needs to provide 4 key points (google slide, prezi)
***Each group needs to be prepared to present to the class at the end of the hour***
***IF ABSENT: COMPLETE SECTION REVIEW QUESTIONS FOR CHAPTER
              4.3
**LT: I will be able to explain demand elasticity
      *1.3.3


Friday, February 23
1. News
2. Discuss guided reading questions
3. Review what happens to demand when the price changes
4. Factors Affecting Demand
    - Create a Economic Newspaper about the Factors Affecting Demand. The newspaper must include the following :
    - Changes in the Quantity
            - The Income Effect
            - The Substitution Effect
    - Change in Demand 
             - Consumer Income
             - Consumer Tastes
             - Substitutes
             - Complements
             - Expectations
             - Number of Consumers
 - Remember, no newspaper would ever have any blank spaces
**LT: I will be able to differentiate between change in demand
    and change in quantity demanded
*1.3.2


Thursday, February 22
1. News
2. Complete deficit vs surplus
3. Introduce demand  I  110
4. READ: Chapter 4, section 1
            -Answer section review questions ( I  115)  #2,3, & 5
5. Create a demand curve
6. Read Business Week news clip  (I 116) and answer questions that     follow
   **LT: I will be able to explain the connection between price and quantity demanded
          *1.3.2 
 


Wednesday, February 21
1. News
2. Complete a 1040EZ form
3. Deficit vs. Surplus and the National Debt I 295
-main idea questions I 301: Questions #2, 3 & 4
**students will be able to complete a 1040EZ tax form
*1.4.3
  

Tuesday, February 20
1. News
2. Review government revenue charts
3. Examining your paycheck:  I 268
4. Introduce 1040EZ tax form
     **LT: I will be able to identify the main parts 
         of a 1040EZ tax form
        *1.4.3 


Thursday, February 15
1. News
2. Discuss economic impact of taxes
3. Issues in the news "Taxing Tycoons"  ( p. 238)  I 258
4.  Create a chart illustrating where the government gets its revenue (income)
-This chart needs to have three separate sections
-Describe each type of tax in detail (where does it come from, what is it used for, 
etc. )
5. Current tax issues and reforms:
- Flat tax Vs. Value added tax
-compare/contrast advantages and disadvantages of each
**LT: I will be able to explain the three sources of governmental revenue
*1.4.3  



Wednesday, February 14
1. News
2. Introduce the economics of taxation  I   248
3. Read about the economic impact of taxes
4. Explain the three ways that taxes influence
the economy
5. Explain what is meant by "incidence of a tax"
6. Describe the criteria for effective taxes (3 points)
7. List/describe the two principles of taxation
8. List/explain the three types of taxes
**LT: I will be able to describe the two principles
of taxation
*

Tuesday, February 13
1. Formal evaluation
   **LT: I will be able to demonstrate mastery 
       on today's Quest


Friday, February 9
1. News
2. Discuss growth through reinvestment
       **LT: I will be able to summarize the key points
          from unit one
          *1.1.1


Thursday, February 8
1. News
2. Share business organizations pamphlet
3. Intro into Chapter 3, Section 2 - Business Growth and Expansion
       - Read Companies in the News - Reinvesting for Monster Growth & two paragraphs below - (Pg. 72)  I - 92
4. Questions in Notes: 
Growth Through Reinvestment
    - Using figure 3.4 Growth Through Reinvestment, answer the Economic Analysis Question (Pg. 73) I - 93
Growth Through Mergers 
    - Read the section on Growth Through Mergers (Pg. 75) complete a Venn Diagram comparing a vertical merger to a horizontal merger. I - 92
    - Define conglomerate and provide an example that the book does not provide.
    - What are the possible benefits and drawbacks of multinationals to their host countries?
5. Partner Quiz Chpt 3, Section 1&2 Worksheet

        **LT: I will be able to explain the difference between a horizontal and vertical merger
              *1.2.3



Wednesday, Febuary 7
1. News
2. Finish up brochures
3. Career Fair 

** I will be able to describe the 3 types of business organizations
           **1.2.1

Tuesday, February 6
1. News
2. Share free enterprise questions/T. Venn
    - You will create a brochure that highlights Chapter 3, Section 1.
        ** I will be able to describe the 3 types of business organizations
           **1.2.1



Friday, February 2
1. News
2. Discuss traditional/mixed economy
     questions
3.  American Free Enterprise  (Chapter 2, Section 3)
      - Read: How Does the U.S. Free Enterprise System Operate?
       - Notes Questions: 
                - What items are included in the category of private           property?
                - Why is it economically efficient and necessary for people to keep the rewards they earn?
                - How does voluntary exchange work in the free enterprise economy?
      - Using the Venn Diagram, compare and contrast the Role of Government, the Role of the Entrepreneur, and the Role of the Consumer in dealing with the American Free Enterprise. ( 3 points each)
    **LT: I will be able to explain how the free enterprise system operates in the U.S. economy
        1.4.4



Thursady, February 1
1. News 
2. Share venn diagrams
3. Answer the following questions:
    a. What are the main characteristics of a traditional economy?       What are the advantages and disadvantages of one?
    b. Why might command economies lack consumer goods?
    c. What are the major problems with a command economy?
    d. Using the graph on page. 38, ( I 58 ) which economic system do         you think is best able to provide for the needs and wants of                    individuals and why?
    e.  What distinguishes socialism from communism?
    f. How can you explain the range of mixed economies in the           world?
4. Evaluating Economic Performance    - Read Chapter 2, Section 2 ( I - 64 )
  - As you read create a graphic organizer, identifying seven major economic and social goals.
   - For each goal, provide 3 key points
         **students will be able to explain how resources are allocated in the various
               economic systems
            *1.1.1 


Wednesday, January 31
1. News
2. Discuss/share opportunity cost
5. Introduce economic systems
    Read Chapter 2, Section 1. 
    - As you read the section, create a graphic organizer like the one on         Pg. 33.  ( I 53 )
    - Identify way in which a market economy differs from, and is           similar to, a command economy. 
    - Provide 3 key points for each portion of the graphic organizer.
    - Explain what a traditional economy is and what a mixed 
       looks like
         

**students will be able to explain the difference between  market and command economies.
    *3.1.1

          

Tuesday, January 30
1. News
2. Discuss/share notes
3. Read about Adam Smith  I  38
4. Read about economic choices  I  39
        -complete the section review questions 1.3
        -questions # 1 - 5
     **LT: I will be able to explain how trade-offs
         and opportunity costs are related
        *4.1.1


Monday, January 29
1. News
2. Present T-shirt companies
3. Basic concepts of economics ( I - 32 ):Goods, Services, and Consumers - What are they?        - Define each in notes.
        - Question in Notes: How are goods, services, and consumers related
?
4
. Value, Utility, and Wealth - What are they?
        - Define each in notes.
        - Question in Notes: How are value and utility related?
5. Compare/contrast factor markets and product markets
6. Partner work:
-with a partner, examine how economic growth occurs
-be sure to include definitions for productivity, human capital, division of labor, specialization, and
economic interdependence

            **LT: I  will be able to explain how value, utility, and 
                 wealth are related
                 *1.1.1





Friday, January 26
1. News
2. Congressman Paul Mitchell
       -presentation/question and answer
    **LT: I will be able to describe the responsibilities
         of a member of Congress
         *1.1.4

Thursday, January 25
1. News
2. Discuss factors of production/economic
     activity
chapter 1.1)
4.
Business Week News Clip - Pg. 11
    - Answer two question
at bottom of page.

*Paul Mitchell
**LT: I will be able to describe the factors of
production
*3.1.5

Wednesday, January 24
1. News
2. 

Getting Started: Read passage on Pg. 5 ( I - 24 )

3. Examine the concept of scarcity  I 26
4. Scarcity and the three questions that must be answered by everyone  I  27
5. List and describe the four factors of production
6. Explain how economic activity is measured
            in the economy
     **students will be able to describe the main  
         problem that economics attempts to solve
              4.1.1


Tuesday, January 23
1. News
2. Download books 
http://tinyurl.com/CLsocialstudies
4. Introductions
5. Pre-test

Getting Started: Read passage on Pg. 5 ( I - 24 )

 
      **students will be able to describe the main problem that economics 
              tries to solve
              4.1.1