Feb 3 - 7

Monday:

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

Tuesday:

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

Wednesday:

1. Journal – Explain how we can measure the “health” of a country’s economy.
2. DIGI Review
3. Notes – The Fed
4. Structure and Function of the Federal Reserve/Business Cycles
5. Chap 12 & 13 Crossword
6. DIGI Questions

Thursday:

1. Journal - How is the Federal Reserve different than a “regular” bank?
2. DIGI Review
3. Creating Money Demonstration
4. Notes on Monetary Policy
5. Video clip on Monetary Policy
6. Discuss/Hand Out/Federal Reserve Brochure Project
7. Worksheet on Monetary Policy
8. Worksheet on Monetary Policy and Macrostabilization
9. DIGI Questions

Friday:
Monetary Policy Game

Jan 27 - Jan 31

Monday:

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

Tuesday:

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

Wednesday:

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

Thursday:

1.     Test

2.     Notebooks Due

Friday:

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

Jan 20 -24

Monday:

No School - MLK Holiday

Tuesday:

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

Wednesday:

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

Thursday:

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

Friday:

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

Economic Systems Picture Project

Here is the link to the Project for Unit 1.

Economic Systems Picture Project

After clicking the link you have to copy and save it on your own computer.

Jan 13-17

Monday:

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

Tuesday:

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

Wednesday:

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

Thursday:

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

Friday:

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

Jan 6 - 10

Monday:

1. Syllabus/Classroom Expectations/Rules
2. Introductions
3. Thinking like an economist (T/F quiz)

Tuesday:

1. Journal – What grade do you hope to get in this class? What are you prepared to do to get that grade?
2. Notes – Scarcity
3. Video Clip on Scarcity
4. Stossel Video on Oil Supplies (2007)
5. Entrepreneurship (Stossel 2012)
6. Scarcity and the Factors of Prod./Vocabulary Puzzle
7. “Did I Get It?” Questions

Wednesday:

1.     Class Meeting Assembly

2.     Pre-Test

3.     Scarcity Game

Thursday:

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. Video Clip on Opportunity Cost
5. Cash for Clunkers (Stossel 2012)
6. Production  Possibilities Curve Worksheet
7. Scarcity and Opportunity Cost Worksheet
8. Did I Get It? Questions

Friday:

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