Aug 27-31

Monday:   (Note: Mr. Baumann's class flipped the order of last Friday and Today)
Review for Test - Endurance

Tuesday:

1.     Test

2.     Notebooks Due

Wednesday:

1. Journal – What do you know about our how our nation’s economy is really managed?  Explain who makes the decisions that really affect it?
2. Unemployment Scenarios
3. Notes – Unemployment
4. Stossel Video – Unemployed Steel Workers (Macro)
5. Worksheet on Unemployment
6. Unemployment Scenario/Writing Assignment
7. DIGI Questions

Thursday:

1. Journal – Is unemployment always bad?
2. DIGI Review
3. Bag of Mystery
4. Notes – Inflation
5. Video clips: “Inflation”
6. Stoseel Clip – Gas Prices (Macro)
7. Inflation/Business Cycles
8. Economic Cartoons
9. DIGI Questions

Friday:

1. Journal - Why is inflation bad?
2. DIGI
3. World GDP Map
4. Notes – GDP
5. Video clips: “GDP” and “Real vs Nominal”
6. GDP/GDP Formula Worksheet
7. All About GDP
8. DIGI Questions

Aug 20-24

Monday:

1. Website Projects are Due today
2. Journal - Why is it not always best to make as much of something as you can?
3. DIGI Review
4. Notes – Demand Elasticity (Chap 4 section 3)
5. Elasticity of Demand Video Clip
6. A Market in Wheat Simulation
7. Elasticity of Demand Worksheet
8. Worksheet - Graphing “A Market in Wheat”/Supply and Demand (Movie Prices)
9. DIGI Questions

Tuesday:

1. Journal – Describe “demand elasticity” in your own words.
2. DIGI Review
3. Quiz on Determinants of S&D
4. Notes on Floors and Ceilings
5. Minimimum Wage (Stossel Econ Comes Alive)
6. Price Gouging  (Stossel 2007)
7. Price Controls Worksheet
8. Worksheet on Combining S&D/Changes in Market Equilibrium
9. DIGI Questions

Wednesday:

1. Journal – Are price floors and ceilings ever a good idea?  Explain.
2. DIGI Review
3. Notes on Market Structures
4. High Priced Fashion (Stossel 2008)
5. Discuss project that starts tomorrow.  They should read about the three business types.
6. Perfect Competition/ Monopoly Worksheet
7. Monopolistic Comp/Oligopoly Worksheet
8. DIGI Questions

Thursday:

1. Journal - Are monopolies always bad? Explain.
2. DIGI Review
3. Brief Discussion on Sole Proprietorship/ Partnership/ Corporation
4. Small Group Project– Creating Business Types Graphic Organizer
5. Worksheets on Sole Proprietorship/Partnership/Corporation
6. DIGI Questions

Friday:

1.     Journals – Which business type do you think is best?  Why?

2.     Vocab Quiz

3.     DIGI Review

4.     Finish working on Project

5.     Notebook Check Sheet

6.   DIGI Questions

Aug 13-17

Monday:

1. Talk about how test is a different kind of question, not just memorization
2. NB Check Sheet
3. Stossel Video on “Foreign Aid”
4. Continue Working on  Project

Tuesday:

1. Test
2. Notebooks Due
3. Continue Working on Project

Wednesday:

1. Journal - How do you think demand is related to price?
2. Turn in Website Project
3. Notes – Demand (Chapter 4 section 1 and 2)
4. Movie Demand worksheet
5. Determinants of Demand Group Work
6. DIGI Questions

Thursday:

1. Journal – Explain how complimentary and substitute goods affect demand differently. Use Examples.
2. DIGI Review
3. Notes – Supply
4. Stossel Video – Farm Subsidies (Stossel 2010)
5. Ethanol Subsidies (Stossel Making Econ Come Alive)
6. Determinants of Supply Group Work
7. Worksheet: Movie Supply
8. DIGI Questions

Friday:

1. Journal - How is working with “Supply” different from working with “Demand”?
2. DIGI Review
3. Notes – Equilibrium Price
4. Video Clip Supply and Demand
5. Stossel in the Classroom Clip – Costs of “Free” Healthcare
6. Equilibrium Price Group Work
7. Worksheet: Reasons for Changes in Supply/Demand
8. DIGI Questions

August 6 - 10

Monday:

1. Journal – Think of a job you might like to do for a career.  What are some of the factors of production for that job?
2. “Did I Get It?” Review
3. Notes – Opportunity Cost
4. Production  Possibilities Curve Worksheet
5. Did I Get It? Questions

Tuesday:

1. Journal – What does “opportunity cost” mean?  What was the opportunity cost of you coming to class today?
2. DIGI Review
3. Review Yesterday’s Worksheets
4. Notes – Economic Questions, Goals and Values
5. Stossel Video – Is Life Getting Worse (Macro)
6. Earned Success (Stossel – 2012)
7. Allocating Dorm Rooms Worksheet
8. DIGI Questions

Wednesday:

1. Journal - Which of the six economic goals is most important? Why?
2. DIGI Review
3. Notes – Economic Systems
4. Introduce Project (So they can prepare for tomorrow)
5. Stossel Video on “The Role of Freedom in Prosperity”
6. Stossel Video on “Economic Freedom in the US, Hong Kong and India
7. Cartoon/Economic Detective Worksheet
8. DIGI Questions

Thursday:

1. Journal - What are some problems with a Free Market Economy?
2. DIGI Review
3. Notes: American Free Enterprise
4. Stossel Video on “Public vs Private”
5. Stossel Video on “Unintended Consequences” (2008)
6. Introduce Project (So they can prepare for tomorrow)
7. Worksheet – American Free Enterprise
8. DIGI Questions

Friday:

1. Circular Flow Diagram
2. Vocab Quiz
3. Stossel Video on Innovation or Collaboration or Income Disparity (Stossel 2013)
4. Circular Flow Worksheet
5. Marx vs Smith Comparison
6. Discussion on what studying is and isn’t
7. Begin Working on Website Project