Economics
05/19/20
Good morning and welcome to week 9 of distance learning. Today you will be receiving your final project. Once that is done and turned in you will have completed this course. After I grade each one I will send each of you a closing email.
Please turn in all work electronically and don't forget the Reflections and Grading Rubric section.
Put the work in your Economics Folder and title it "Final Project".
Final Project. HERE IS THE LINK
Due by June 1, 2020.
END
05/12/20
Good morning and welcome to week 8 of distance learning.
Let's review:
A share is an piece of ownership in a company.
If the company does well or more importantly if people think it will do well then the value or price of the share will go up. The reverse is also true.
You can sell your share for what ever it is worth at anytime.
Shares are bought and sold at a Stock Market.
You can access the stock market through a brokerage (bank) account online.
A bond is a loan. When you buy a bond you are loaning your money to a company or government. You will be paid back with a set amount of interest. Less risk but less reward.
Today's Agenda:
- We are going to look at Stock Market indexes. Indexes are lists or groupings of companies that are tracked to have a better understanding of how the economy is doing.
- This week we will look at the Dow Jones Average. This is a list of 30 companies. These are some of the largest companies in the United States and represent all parts of the economy.
- 1) Watch these videos:
- How does the stock market work?
- What is the Dow?
- 2) Take a look at the list of companies. Examine what each company does. Look at the share price. That is the cost of one share of the company. The Dow number that you hear about on the news all the time is simply the value of one share of each company on the list. Some are weighted a little more heavily but the point is if you wanted to buy one share of each of the 30 companies on the Dow it would cost you $24,221.99. That is what the Dow is at as I write this but it changes constantly.
3) Write up a short paragraph explaining the Dow and what it represents then look at the chart over the last hundred years. Scroll across it and look at dates. What information can we get by examining the chart now that you know what the Dow represents.
Dow Jones Historical Chart 100 Years
Put your work in your folder title it: Dow Jones
Due Friday @ 5pm.
05/05/20
Good Morning and welcome to week 7 of distance learning. This week we will start looking at investing in stocks and bonds.
Here is this week's assignment.
AGENDA: Investing Basics
1) Watch each of these videos:
2) Read this article and answer (in your own words) the 10 basic investing questions that the article poses. Answer these in your Economics Google class folders. Title the document "Investing Basics".
Due Friday by 5pm.
END
04/28/20
Good Morning and welcome back!
Quite a few people have not turned in their work from the last few weeks so I am giving this week as a catch up week. If you are one of the people who hasn't done the work then you have until this Friday @ 5pm to receive full credit. Make sure to put it in your google drive class folder so I can grade it.
If you are completely caught up then you have a bonus week to concentrate on other matters. Please check back here next Tuesday for your next assignment.
See you then.
Mr. Lowery
04/14/20
Good Morning and welcome to week 5 of distance learning.
Remember the definition of economics is - The study of the allocation (how we use) scarce resources toward the satisfaction of human wants and needs.
So for this week's assignment:
- I want you to write up an analysis paper (at least a page) on how you have changed your allocation of resources since we started quarantine living. Think about how you used your time, money, food, paper products, bandwidth, entertainment, exercise, car, gas and other resources before the pandemic and how you use them now.
Here are some examples from my own life:
On a normal weekend I would have many obligations to keep my family on track. Things like shopping, sporting events, house chores, yard work, planning out the school week etc.. Now that all things have been cancelled I have more free time on the weekend so I have allocated that to projects that have been on my list for years.
In the house we have been reusing coffee filters and conserving toilet paper, planning a menu to minimize waste so we can take fewer trips to the store.
I have more time with my kids, we have played board games that I haven't played in years.
Also strangely we see more of far away relatives then ever because everyone is video conferencing.
I rummaged through my shed and pulled out an old set of weights and created a home gym because Planet Fitness is closed.
We are using more Amazon and Netflix than usual.
Title the paper: Resource Allocation Analysis. Put it in your Economics Folder
Due Friday @5pm.
END.
04/07/20
Good Morning! No video message this week either. I just started feeling better but I look terrible. I'll be back to 100% this week. Hope you are all doing well.
This week's work:
Economic Nightmare. (Interesting video)
Homework Directions: Continue reading Naked Economics and answering the questions on the graphic organizer.
Chunk 6: Pages 25 -28 and then explain each of the terms on the last slide.
Make sure it is in your Google folder and its titled: Naked Economics
Due: Friday by 5pm. (I'll put a test grade in this weekend for your work)
Graphic Organizer for Naked Economics Chapter 1
END
04/03/20
No work this weekend. Check back here on tuesday.
have a great weekend!
03/31/20
Good Morning! I won't have a video today because I have come down with a bad cold (not Covid) and I look and feel awful at the moment. If I am feeling better by Friday I'll post a video message then.
Here is a very interesting article to read:
Economics of Covid 19. VIDEO
Homework Directions: Continue reading Naked Economics and answering the questions on the graphic organizer.
Chunk 5: Pages 20 -25
Due: Friday at 12:00pm
Graphic Organizer for Naked Economics Chapter 1
END
FRIDAY 03/27/20
Directions: Continue reading Naked Economics and answering the questions on the graphic organizer.
Chunk 4: Pages 17 -20
Due: Monday at 12:00pm
Graphic Organizer for Naked Economics Chapter 1
HAVE A GREAT WEEKEND! NEW MORNING MESSAGE ON TUESDAY.
03/24/20
Watch this video.
Directions: Continue reading Naked Economics and answering the questions on the graphic organizer.
Chunk 3: Pages 17 - 20
Chunk4
Due: Thursday at 12:00pm
Graphic Organizer for Naked Economics Chapter 1
03/18/20
Economics Video Message #1. WATCH THIS FIRST
I WILL POST NEW MESSAGES EACH TUESDAY MORNING BY 9:00am. WITH THAT WEEKS EXPECTATIONS.
INSTRUCTIONS FOR WEEK 1
Read chapter 1 of Naked economics and complete the graphic organizer. This assignments will be broken up into small chunks.
Do the work in you Google Folders for this class.
STEP 1: Open your Google Drive
STEP 2: Open your Google Folder for Economics
STEP 3: Open a Google Document in your folder. Click the + symbol at the bottom of the screen then click Document.
STEP 4: Name the Document "Naked Economics Chapter 1"
STEP 5: Begin working.
DUE DATES FOR THIS ASSIGNMENT
Chunk 1: Pages 3 - 6 due Thursday 03/19 by 5pm. I will grade these by each chunk. Grades for chunk 1 will be in on Friday.
Chunk 2: Pages 6 - 12 due by Monday at 12pm (noon).
Graphic Organizer for Naked Economics Chapter 1
03/11/20
Agenda: Economic Functions of Government. Summative Assessment Prep
Government's Role in the Economy (video)
Go over Study Guide / Answer questions / Class Discussion
STUDY RESOURCES:
Negative vs. Positive Externalities
Political Ideology . Video explaining Liberal vs. Conservative views of Government's role in the economy.
SUMMATIVE ASSESSMENT NEXT CLASS!!
03/06/20
Agenda: Economic Functions of Government
Classwork: Examining how the Government implements its economic functions in real life.
WEBSITE: United States Department of Commerce
Complete the research work handed out in class. (Worth 3 formative grades)
END
03/05/20
AGENDA: Economic Functions of Government
1) Go over homework (Chapter 2 Economic Systems)
2) Free riders
3) Video: Economic Functions of Government
Efficiency and Externalities (Anchorman)
Negative vs. Positive Externalities
4) Classwork: Handout given in class (Economic Functions of Government) DUE NEXT CLASS!
END
03/03/20
AGENDA: The Mixed Economy
Class discussion (Powerpoint Mixed Economy)
Classwork: Complete the packet handed out in class - Chapter 2 Economic Systems
END
02/14/20
EXAM TODAY
02/10/20
AGENDA: GDP and The circular flow of economic activity
KEYNOTE PRESENTATION ON GDP
GDP (Video)
Powerpoint discussion
Circular flow of Economic Activity . (Video)
Classwork: Work in your google folder on your google document INTRODUCTION TO ECONOMICS. Read pgs. 12 - 17 and answer the questions in Section 2 (Questions 1 - 8) Due FRIDAY at the end of class.
Reading here - Economics Chapter 1 SECTION 2
END
02/03/20
AGENDA: The Three Questions of Economics
Powerpoint discussion
CLASSWORK: Read section one pages 5 - 10 and complete the section one assessment questions 1-8 on page 10.
Reading here - Economics Chapter 1
END
02/08/19
AGENDA: The Factors of Production
Warm up: Sports car
Class poster activity
GROUP WORK
1) Complete the group activity.
2) Quiz
3) weekly economic articles
END
01/28/20
AGENDA: The Factors of Production
1) Powerpoint: 4 Economic resources
2) Videos
Factors of Production (The four economic resources)
Satisfaction of Wants and Needs
3) Group work: Complete the worksheet with your table mates.
4) INDIVIDUAL WORK
USIING THE QUIZLET ANSWER THE FOLLOWING QUESTIONS AS BEST YOU CAN:
1) What is the definition of Economics?
2) What is a need?
3) What is a want?
4What is a good?
5) What is a service?
6) What is scarcity?
7) What is a shortage
6) What are the factors of production? (DEFINE THEM ALSO)
8) Explain why scarcity and choice are the basis of economics.
9) Define productivity.
10) How do the basic factors of production influence the choices made by producers and consumers?
11) How does scarcity affect the production of goods and services?
12) How do the four factors of production affect products you use every day?
END
01/24/20
AGENDA: Introduction to Economics
1) Intro to Economics (VIDEO)
2) Go over classwork
Classwork:
Use the time left to work on this weeks economics article.
END
01/28/19
Welcome to Economics!
Agenda:
Expectations / Grading procedures
Bookmark my website
Google Docs Folders
Economy Article sheets
Intro to Economics (VIDEO)
CLASSWORK: Click on the reading link below. Read the Introduction and Chapter 1.1. Answer the self check questions, Review questions and the critical thinking questions in a document in your Economics folder.
READING : INTRODUCTION TO ECONOMICS
DUE FRIDAY
End
AGENDA:
Study Guide for final
When we started this course I introduced you to the six players in the economy. They are:
- Households (Individuals) (The 4 economic resources)
- Businesses
- Government
- Central Bank (Federal Reserve)
- Banks
- Insurance
The final will ask you to write an essay explaining how each of these players create/effect the economy and how they interact with each other. You should use as much terminology from class as you can. You should prepare a rough draft before the test to help you prepare.
05/31/19
CONGRATULATIONS TO OUR CONTEST WINNERS!!!
JUSTIN
CONNER
ELIJAH
At 10:15 am today I will log on to look at the standings in the contest and the top three people will be the winners.
AGENDA:
Study Guide for final
When we started this course I introduced you to the six players in the economy. They are:
- Households (Individuals)
- Businesses
- Government
- Central Bank (Federal Reserve)
- Banks
- Insurance
The final will ask you to write an essay explaining how each of these players create/effect the economy and how they interact with each other. You should use as much terminology from class as you can. You should prepare a rough draft before the test to help you prepare. I'll help more next class (our last).
Please complete the assignments on the stock website!!
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future (handed out in class)
4) Stock Journal and the embedded assignments
5) Final exam
05/29/19
AGENDA: Stock market reflection
Add a reflection section to your stock journal
1) What stocks did you buy and why?
2) What stocks did you sell and why?
3) How did your stocks perform? Why do you think they performed the way they did?
4) How did the news effect your stocks?
5) What was your overall strategy?
6) What did you learn about stocks and stock trading?
Please complete the assignments on the stock website!!
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future (handed out in class)
4) Stock Journal and the embedded assignments
5) Final exam
I will provide a final study guide on Friday.
05/16/18
AGENDA: Healthcare Stocks
DON'T FORGET THE ASSIGNMENTS ON THE STOCK MARKET WEBSITE!!
1) Research 3 Healthcare Stocks
Answer the following in your stock journals:
1) What is the core business?
2) What is the current stock price?
3) How has the stock performed over the last 3-5 years?
4) What are the future prospects for the company?
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future (handed out in class)
4) Stock Journal and the embedded assignments
5) Final exam
05/16/19
AGENDA: Materials Sector Stocks
DON'T FORGET THE ASSIGNMENTS ON THE STOCK MARKET WEBSITE!!
** Research 3 Materials Sector
Answer the following in your stock journals:
1) What is the core business?
2) What is the current stock price?
3) How has the stock performed over the last 3-5 years?
4) What are the future prospects for the company?
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future (handed out in class)
4) Stock Journal and the embedded assignments
5) Final exam
05/14/19
AGENDA: Consumer Discretionary Stocks
** Research 3 Consumer Discretionary Stocks
Consumer Discretionary Sector (Stocks)
Answer the following in your stock journals:
1) What is the core business?
2) What is the current stock price?
3) How has the stock performed over the last 3-5 years?
4) What are the future prospects for the company?
5) Explain the difference between consumer discretionary and consumer staples as described in the following resource link - Difference between consumer discretionary and consumer staples
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future (handed out in class)
4) Stock Journal and the embedded assignments
5) Final exam
END
05/08/19
AGENDA: Investing Basics
Nightly Business Report May 7
1) Today's Sector: Technology
Research 3 Technology companies
Answer the following in your stock journals:
1) What is the core business?
2) What is the current stock price?
3) How has the stock performed over the last 3-5 years?
4) What are the future prospects for the company?
DON"T FORGET THE ASSIGNMENTS ON THE STOCK WEBSITE!!
END
05/06/19
AGENDA: Investing Basics
1) Set up Stock Journals
Today's sector: Consumer Staples
1) Research 3 Consumer staples stocks
Answer the following in your stock journals:
1) What is the core business?
2) What is the current stock price?
3) How has the stock performed over the last 3-5 years?
4) What are the future prospects for the company?
How to pick stocks
Start stock contest CONTEST NAME : spsd Assignments name: lowery
ECONOMICS END OF YEAR CHECKLIST
1) Chapter 5 Business and the Economy (handed out in class)
2) Pros and cons of the three types of Business Organization
3) Chapter 8 Investments and your future
4) Stock Journal and the embedded assignments
5) Final exam
04/30/19
AGENDA: Today we will be looking at types of business organizations.
1) In class lecture powerpoint
2) Class work - Case study: Business and the Economy
3) Use the following websites to research and analyze the three main types of business organizations. Outline how each one works. What are the pros and cons of each?
* Sole Proprietorships
* Partnerships
* Corporations
Choose your business structure.
END
04/26/19
AGENDA: Financial Markets
Q and A over the paper assignment due Tuesday.
Classwork: Work on papers. Questions below.
AGENDA: Review GDP
Intermediate Goods/ Final Goods
Discussion of Durables and Non Durables
Start Investment Unit
Reading Naked Economics Chapter 7
Formative week - Summative paper due Tuesday - Stock contest to begin Thursday May 2nd.
Answer the following questions in an analysis paper. THIS IS A SUMMATIVE!!
1)What is a financial instrument?
2) According to the author all financial instruments are based on four needs. Identify and explain each need. (120 - 126
3) Explain as best you can the efficient markets theory? Why is it so hard to speculate? (126 - 132)
4) Outline and briefly explain the author’s advice for smart investing. (132 - 136)
04/05/19
AGENDA: Banking and Credit and the Federal Reserve (Central Bank)
CLASS DISCUSSION
How the Economic Machine Works
Classwork: Watch the following video and complete the packet of questions about the Federal Reserve System (Central Bank)
Video: The Fed Today
END
04/03/19
AGENDA: Banking and Credit and the Federal Reserve (Central Bank)
Its a Wonderful Life (Bank run)
The Fed explains the Central Bank
CLASSWORK: Money and Banking
03/28/19
AGENDA: Summative Assessment today!!
03/26/19
Agenda: Economic Functions of Government. Summative Assessment Prep
Go over Study Guide / Answer questions / Class Discussion
Political Ideology . Video explaining Liberal vs. Conservative views of Government's role in the economy.
STUDY RESOURCE:
SUMMATIVE ASSESSMENT NEXT CLASS!!
03/22/19
Agenda: Economic Functions of Government
Classwork: Examining how the Government implements its economic functions in real life.
WEBSITE: United States Department of Commerce
Complete the research work handed out in class. (Worth 3 formative grades)
03/20/19
AGENDA: Economic Functions of Government
1) Go over homework (Chapter 2 Economic Systems)
2) Powerpoint discussion
3) Video: Economic Functions of Government
Negative vs. Positive Externalities
Government's Role in the Economy (video)
4) Classwork: Handout given in class (Economic Functions of Government) DUE NEXT CLASS!
NOTE TO SELF: In 2020 look on old website for good resources
END
03/18/19
AGENDA: The Mixed Economy
Class discussion
Classwork: Complete the packet handed out in class - Chapter 2 Economic Systems
END
03/12/19
AGENDA: Prepare for Exam next class (Thursday 03/14)!!
1) Go over homework
2) Study guide handed out in class.
3) Go over any questions
4) Quiet exam preparation
Resources:
Study Guide:
1) What is the definition of economics?
2) What is a market?
3) What is a need?
4) What is a want?
5) What are “goods” in economics
6) What are “services” in economics
7) Define scarcity.
8) How does scarcity affect the production of goods and services?
9) Define Utility and what it means to maximize utility.
10) What are the three questions of economics?
11) What are the four factors of production? (DEFINE THEM ALSO)
12) What is financial capital?
13) What is human capital?
14) Where do all the economic resources come from?
15) Where do households get the products they want/need?
16) How does the circular flow model illustrate the flow of money in the economy?
17). What exchanges are made in the circular flow model between households and businesses?
19) How does each actor stimulate the economy? Actor = Household, Businesses
20) What is the factor (resource) market?
21) What is the product market?
15) Explain the three factors that are NOT in our simple circular model and the role they play in economic activity.
16) Explain the three factors that are NOT in our simple circular model and the role they play in economic activity.
17) How do the basic factors of production influence the choices made by producers and consumers?
18)What is the economic term for the most efficient use of one's factors of production?
Be able to draw a diagram of the circular flow of economic activity.
END
03/08/19
AGENDA: The circular flow of economic activity
Powerpoint discussion
Circular flow of Economic Activity . (Video)
Classwork: On a google document in your Economics folder answer the following questions. Sketch out your diagram on paper.
Understanding the circular flow model in economics . Reading
1) What is a market?
2) What are the three questions of economics?
3) What are the four economic resources? Define each.
4) What is financial capital?
5) What is human capital?
6) Where do all the economic resources come from?
7) Where do households get the products they want/need?
8) How does the circular flow model illustrate the flow of money in the economy?
9). What exchanges are made in the circular flow model between households and businesses?
10)How does each actor stimulate the economy? Actor = Household, Businesses
11) What is the factor market?
12) What is the product market?
13) How are the basic economic questions (what, how, and for whom to produce) answered in a market economy?
14) Draw a diagram of the circular flow of economic activity.
15) Explain the three factors that are NOT in our simple circular model and the role they play in economic activity.
END
02/08/19
AGENDA: The Factors of Production
Warm up: Sports car
Powerpoint: 4 Economic resources
Videos
The Three Economic Questions (optional)
Factors of Production (The four economic resources)
Satisfaction of Wants and Needs
Class poster activity
GROUP WORK
1) Complete the group activity.
2) INDIVIDUAL WORK
ANSWER THE FOLLOWING QUESTIONS AS BEST YOU CAN:
1) What are the four factors of production? (DEFINE THEM ALSO)
2) How do the basic factors of production influence the choices made by producers and consumers?
3) What is scarcity?
4) How does scarcity affect the production of goods and services?
5) How do the four factors of production affect products you use every day?
6) What is the economic term for the most efficient use of one's factors of production?
END
____________________________________________________________________________________________
02/06/19
AGENDA: The Three Questions of Economics
Powerpoint discussion
____________________________________________________________________________________________
02/04/19
Agenda: Power of Markets
HOMEWORK REVIEW
- Define Utility and what it means to maximize utility.
- What are some things that you derive (get) utility from?
- What is the difference between utility and happiness?
- Why doesn’t Tom Cruise/Brad Pitt sell auto insurance?
- What is an entry barrier? Give an example.
- How does a patent provide an incentive to investment?
- Define “market price” and explain how it works
- What is price discrimination? Explain.
- How do markets self-correct?
- How would more sweatshops in Asia benefit low-wage workers there?
Utility is a term used by economists to describe the measurement of "useful-ness" that a consumer obtains from any good. Utility may measure how much one enjoys a movie, or the sense of security one gets from buying a deadbolt. The utility of any object or circumstance can be considered.
Classwork:
Use the time left to work on this weeks economics article.
END
____________________________________________________________________________________
01/28/19
Welcome to Economics!
Agenda:
Expectations / Grading procedures
Bookmark my website
Google Docs Folders
Economy Article sheets
Intro to Economics (VIDEO)
Read Chapter 1. On a separate document type out answers to the following questions in complete sentences and clear well thought out answers.
BE PREPARED FOR CLASS DISCUSSION OF ANSWERS ON FRIDAY!
- Define Utility and what it means to maximize utility.
- What are some things that you derive (get) utility from?
- What is the difference between utility and happiness?
- Why doesn’t Tom Cruise/Brad Pitt sell auto insurance?
- What is an entry barrier? Give an example.
- How does a patent provide an incentive to investment?
- Define “market price” and explain how it works
- What is price discrimination? Explain.
- How do markets self-correct?
- How would more sweatshops in Asia benefit low-wage workers there?
END