1 Vudokus

Economics Review Assignment Sheet

1/24: Class develops the Opportunity Cost for Going to College Project:  Review the activities (1-4) during class & develop the the remaining work needed to complete the project (due 1/25)

1/23 : In class practice examples for "The 5 Goals for Successful Economies" - Review video "Kingdom of Mocha" and continue to answer questions 4-5 : 

1/19 & 1/22: Friday-Monday Finish the rest of the assignment from Thursday& Friday's Classwork (on chromebooks) - Start last part of the Opportunity Cost of Going to College Project: Open up another  Google Doc & then go to the following web address: 

https://docs.google.com/document/d/1-Ucv8g89DMTILKnmgtHQw59-ZDjr7mvWO5iOUd18wTU/edit?usp=sharing

Copy the information from the Google Doc & Paste information onto your Google Doc:  Write title of assignment (see directions) in "Untitled Document" window & bein the research for project:  Share document with me when you finish your first day on the research:

Students who are attending the same college, may work together on the research (in pairs):  All students are to write the summary essay independently:

1/17: Wednesday -   Today, we met in the Quad and acted out the role play The Circular Flow Model of the Free Market Economy:  HW) Finish the review activity reviewing your role in the activity today-

1/18 :  In the library today --Begin- Part One: Personal Finance: Opportunity Cost to Going to College begins in the libray 

DIRECTIONS

1) Make a Google Document and Save as "Opportunity Cost to Going to College Part One : Research"

2) Type all responses to Part One "Opportunity Cost to Going to College Part One : Research" (using complete sentences for full credit) on to Google Document

3) When finished with three parts of Part One email me and either attach or share docment to email: kate_mcgerity@gafe.crpusd.org

The website address (in the Personal Finance Opportunity Cost to Going to College) has changed:  1) Go to the following website: http://www.econedlink.org/interactives/EconEdLink-interactive-tool-player.php?filename=college3.swf&lid=789

& begins in the libray 1/18 and finishes  on 1/19

 Today in the library... next do the following . . . 

 Begin- Part Three(Research)  Personal Finance: Opportunity Cost -The Costs of College & Effects  

1- Make another Google Document and Save in "Untitled Document" space as "("Period----Last Name w/ First Letter of First Name Opportunity Cost to Going to College Part Three : Research"

2- Open up the Word Document "The Opportunity Cost of College"  & Read page 1 (Introduction to Opportunity Cost Assignment) & Copy Pgs 2- 5

3- Cut & Paste pages 2-5 of the document  on to your Google Doc- 

4- Read & follow the directions for Activities 1-4

Activity #1-Use the website introduced earlier for Economics assignment (https://www.petersons.com/ ) , "personal finance & paying for college " Look at 3 California colleges: 1 public 4-year, 1 private 4-year, and 1 community college. Look at 1 out-of-state college. Record the costs you find for tuition, room and board, etc.

Activity #2: :Choose one of the colleges listed in your chart and calculate the total costs of attending that college over the course of 4 years.

 For Part 3 - Use website for research: https://www.bls.gov/careeroutlook/2014/article/education-level-and-jobs.htm & http://www.rileyguide.com/careers/--Research the difference in job opportunities and average earnings depending on the following education levels.  For each education level, try to find 2-3 job opportunities with their corresponding average earnings. Record your findings in the chart.

Activity #4/ Part 4 :  (1 Page Summary of Research) Include the following "underlined parts" to help you know what you should include in the summary to get credit: 

In a 1 page, 1.5  spaced response paper

(Paragraph 1) , Explain the opportunity cost (1) define opportunity cost (3) : Identify & provide specific examples of ‘costs’ of your trade off (the choice you don’t make) when making decisions (about going to college)  -(Paragraph 2)  Use examples from your research (Topic 2: activities 1-2:  ) involved with attending college, taking into account your research throughout this project. (Paragraph 3) Use examples from your research from Activity 3 and describe what you are giving up as two job opportunities and their average annual salaries you won't receive by attending college? (Paragraph 4)On the other hand, what are you gaining both immediately (short term)  and long-term gains (job opportunities & average annual salary)?  (Paragraph 5) Finally, in this paragraph, review and explain your own definition (as a graduating high school Senior) for what is opportunity cost.  Describe, in this paragraph your response to the following question: Is this the right decision for you? Why/why not?

: Finish all 4 activities (remember to cite your sources you used in your research by following the MLA expactations (from page 4) and review the expectations for the success for the Opportunity Cost Project Part Two by reviewing the rubric for the activities (1-4).  Now, email me the results of the class work using ChromeBooks or the desktop computers to my email: kate_mcgerity@gafe.crpusd.org

WRITE RESPONSES TO ALL PARTS DIRECTLY ON TO Google  DOCUMENT & EMAIL WORK as a shared document to my email 

Thursday 1/24/2018 =DUE DATES !! 

Part One of Assignment Due 1/18  (Parts A & B & C & "Living on The Minimum Wage" & the summary to questions (15pts) before 10 pm)

&  Part Two (All 4 Parts)  of Assignment: "Opportunity Cost to Going to College Part Two : Research"Due 1/24/2018 (before 9 pm)

 

 - Introduction to Economics- The Kingdom of Mocha Day Two

  Write class notes from today's discussion of theories and laws for economics-  Write summary (5-sentences) 

 

 - Review of Discussion Questions- Follow directions and write Cornell Notes into your class notebook

Conclude with the remaining Economic Sytems & complete the table with information from the class discussion 

- Class discussion of 5- Parts to Economic Theories & Practices- Copy class notes into the class notebook-  use the class notes 

 

Introduce Economic Systems and use to complete table of economic systems today: 

- Continue with discussion of 'Economic Systems' while revieing the information from The Command Economy to put into the part of the table for "Command Economy"

Unit #1:  Introduction to Economics

Homework:

Class Activities:

Optional:

Unit #2:  The Household Budget Project

Homework:

Class Activities:

  • Calculating Withholdings and filling Out a 1040EZ Form
  • Types of Insurance
  • Types of Car Insurance

Optional Reading:

Personal Finance Information:

Household Income Data & Information:

Unit #3: Supply and Demand

Homework:

Class Activities:

  • Introduction to Demand
  • Introduction to Supply
  • Supply and Demand Examples
  • Marginal Cost, Marginal Revenue and Profit Maximization
  • 30 Days on Minimum Wage (Price Floor Application)
  • Price Gouging (Price Ceiling Application)
  • Elasticity of Demand; calculated elasticity of demand values for some products are here; an excellent video that explains how to calculate demand elasticity is here
  • Markets & Inefficiency; the New York Times article we read is here; the cap and trade video is here; the used car video is here; and the health insurance video is here

Unit #4:  GDP, Unemployment and Inflation

Homework:

Note:  Marginal Revolution University has some excellent online videos that cover some of the material in this unit.  Sections 1, 2, 3 and 6 could be helpful study aids.  These videos are not substitutes for the textbook, they are supplements to the material presented in the unit.

Classwork:

I.  Macroeconomic Performance:

II.  Unemployment and Inflation:

Links for Webquest:

Question 1 Question 4Question 7

Question 2Question 5 Question 8Question 11

Question 3Question 6Questions 9-10 (select “economy” & scroll to bottom of page)

—————————————————————————–

Country Research (you have been assigned one):

United States China

United KingdomIndia

ArgentinaEthiopia

Do Not Forget the Index of Economic Freedom for your country

Optional Resources and Data:

  • Check out the Billion Prices Project at MIT and Price Stats; Regional economic data is available from MERC at Framingham State University
  • State economic growth rates, measured by Gross State Product from FRED are available here
  • Marginal Revolution University: Growth Rates are critical video is here
  • More data from FRED: historical unemployment data is here; current unemployment data is here; unemployment v. the natural rate of unemployment graph is here; Labor Force Participation Rates data is here
  • The cost of unemployment is here

Unit #5:  Fiscal and Monetary Policy

Homework:

Classwork:

Videos & Other Materials from the Unit:

Optional

2017-2018 Policy Paper Writing Assignment

Class Handouts/Assignments:

Assigned/Required Resources:

 Unit #6:  Money and Banking

Class Activities:

Midterm Examination Information:

Unit #7: Stocks, Bonds and Mutual Funds

Homework: (see online articles below)

Required Homework Readings (see homework guide above):

Remember to print out and bring required articles above to class for the review guide note check, otherwise no points for review guide.

Class Activities

A.  Researching Stocks:

  • Value Line Profiles for the stocks in the Dow Jones Industrial Average are available here

B.  Researching Mutual Funds:

C.  Mutual Fund Companies for Portfolio Assignment:

Optional:

I.  The Stock Portfolio Assignment:

Extra Credit Materials for the Mutual Funds Portfolio Assignment:

II.  The Mutual Funds Portfolio Assignment:

Q3 Current Events Assignment

Block 6:

Print out and Read by 04/03 (Monday)

Last Names B-H :

Names K-Z:

Block 7:

Print out and read by 04/03 (Monday)

Last Names A-G:

Last Names H-Z:

Unit #8:  International Trade & Globalization

Homework:

Class Activities:

  • Absolute v. Comparative Advantage
  • The Current Balance of Trade in Goods and Services is here; the article we read about the Balance of Payments is here
  • Trade Barriers/Protectionism; “Let Africa Trade With Africa” video is here; “The Routes of Trade” video is here
  • Strong Dollar/Weak Dollar (Currency Exchange Rates); the video on the Eurozone crisis is here
  • FRED data: Canada / U.S. Foreign Exchange Rate is here;  FRED data on US Dollar v. Major Currencies is here
  • Globalization
  • Film Questions Commanding Heights NAFTA; (watch online here): Start at 2:43 in to “The Global Idea” (3.2), then watch “NAFTA: The First Test” (3.3), “Crossing the Border” (3.4), “The Global Market” (3.5), and “Emerging Market Hunters” (3.6).
  • Migration
  • Options for U.S. Trade Policy

Optional:

  • Economists’ views on trade are here; Economists’ views on tariffs are here
  •  A currency converter is here
  • “President Nixon Ends Bretton Woods International Monetary System” video is here; An excellent video on reserve currencies is here
  • Christina Romer, “Needed: Plain Talk About the Dollar” is here
  • FRED Data:  Manufacturing Output and Employment (from GDP unit)
  • What we’ve learned from NAFTA articles are here
  • The Trade Deal We Just Threw Overboard (details how President Obama used the TPP talks to press Canada and Mexico to change NAFTA).
  • “Do Illegal Immigrants Actually Hurt the U.S. Economy?” article is here
  • “The Great De-Globalizing” article is here

Unit #9: Asset Bubbles in History & The 2008 Financial Crisis

Homework:

Class Activities:

  • The U.S. Housing “Bubble”
  • 2008 Financial Crisis Key Terms Jeopardy Game
  • Inside Job Film Questions
  • Common Elements of Speculative Bubbles Throughout History

Required Websites for the Financial Bubbles Project:

Tulip Mania:

The South Sea Bubble:

The Roaring 1920s Stock Market Bubble:

Japan’s Bubble Economy:

The dot.com Bubble:

Required Websites Related to the 2008 Financial Crisis

  • Inside Job (review the following sections: “The Cast” “The Events,” “The Jargon”
  • A great video timeline about the origins of the Financial Crisis is here.  The derivatives controversy is here and the failure to regulate derivatives is here

Optional Websites for understanding the 2008 Financial Crisis:

 Final Project

Class Activities:

  • Introduction to Marketing
  • Introduction to Cash Flow
  • Controlling Costs

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