Download Economics LP 3-5 - Element Education Inc.

Economics Communique
Fall 2016
LP 1
9-12-16
 Introduce Classroom Budget Activity
 Designate Prices and Explain Monetary Exchanges
 Create Individual Student Wallets
 Distribute Textbooks and assignments
9-19-16
 Student Market/Classroom Budget
o Discuss Student Market options
o Review classroom economic policies/exchanges
 Economic Resources Activity
Chapter 1: What is Economics?
 Read chapter 1 Section 1 and do questions 2 and 3 in the section Review on pg. 7 [done in class]
 Create resource pouches: Learn about and show understanding of various resources used in the
worlds economies.
o Human resources
o Natural resources
o Capital resources
9-26-16
Chapter 3: Demand
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
 Wells Fargo Stock - http://money.cnn.com/2016/09/20/investing/bank-stockswells-fargo-scandals/
o Review classroom economic policies/exchanges and complete student balance sheets.
o Introduce compound interest.
 1 Penny or $1 Million - http://www.bloomberg.com/news/videos/b/92966fc7c54d-4405-8fa6-cbefd05bbd6f
 Chapter 3 pg. 50. Read and answer section 1 review questions on pg. 55 #1, 2, and 3. [done in
class]
o Income Effect; Substitution Effect; Diminishing Marginal Utility
LP 2
10-3-16
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Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
o Review classroom economic policies/exchanges and complete student balance sheets.
Budget Challenge game.
o Students will be given a yearly income, based on average income with select education
level completed.
o Students will then make choices determining their living preferences and the economic
costs of their decisions.
10-10-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
o Review classroom economic policies/exchanges and complete student balance sheets.
 Chapter 4 pg. 73. Read and answer section 1 review questions on pg. 78 #2, and 3. [done in
class]
o Students will be able to Identify and Explain:
 Supply; Quantity Supplied; Law of Supply; Profit Motive; Profit; Cost of
Production; Supply Schedule; Supply Curve; Elasticity of Supply; Elastic Supply;
Inelastic Supply.
10-17-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
o Review classroom economic policies/exchanges and complete student balance sheets.
 Chapter 6 pg. 116. Read and answer section 1 review questions on pg. 122 #3(a,b,c & d). [done
in class]
 Review 2015 highest paying professions http://www.degreesthatpay.com/info/5-highest-payingjobs-for-2015
10-24-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
o Review classroom economic policies/exchanges and complete student balance sheets.
 Discuss advantages and disadvantages of Sole Proprietorships and partnerships!
 Learn about Corporations and forming Corporations and create a list indicating the advantages
and disadvantages of Corporations.
 Students will learn about Stocks, Bonds, and other ways corporations earn capital.
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Chapter 8 pg. 169. Read and answer section review questions on pg. 176 #2, and 3(a & b). [done
in class]
LP 3
10-31-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Review
Financial Reports).
 Board Game: Cash Flow for Kids
o Learn about Passive Income and Expenses as well as ways to accumulate both.
11-7-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Dow
Jones options).
 Quick write activity: Imagine you have just won $500 in a radio contest. Write a brief paragraph
explaining what you will do with the money and how you made your choices.
 Sources of Capital Handout
 Discuss influences of National Savings Rate.
 Chapter 9 Section 1 review. Create a chart and use it to compare how liquidity and interest rates
influence people’s choice between savings accounts and time deposits.
11-14-16
 Student Market/Classroom Budget
o Discuss Student Market options: Certificate of Deposit; Savings account; Stocks (Dow
Jones options).
 Review Sources of Capital
o Savings Account; C.D.; Savings Bonds; Stocks; Corporate Bonds; Futures;
 Financial Planning
o Keys to investments
o Types of investments
 Tax Now, Later, and Never chart.
 Mr. Start Early v. Mr. Wait Longer chart
 Rule of 72 chart
o Taxes and Inflation
 Effect of taxes and inflation chart
 Life Expectancy and COLA
 Chapter 9 Section 2 Review question number 4.
LP 4
11-28-16
 Different types of Currency and Currency Exchange rates.
 Read Case Study on pg. 216 of textbook: Credit Card Incentives
 Discussion: Promoting Economic Growth through Saving and Credit.
 Review Sources of Capital
 Final Assessment: Sources of Capital

Home Work Essay: Choose two quotes below, from Napoleon Hill, and support its truth
in application to an individual’s Economic goals. Use evidence from literature, personal
experiences, and interviews from others to support your conclusion. (Minimum 150
words in length).

Assignment: Students will create a comic book short to illustrate at least one way that credit
impacts the U.S. economy.
12-5-16
 Discussion: GDP = C + Inv + G + (eX - iM)
 Research Assignment
o U.S. GDP
o Marriage and divorce rates in 2008
o Births and Deaths in 2008
o Life expectancy in US 1900, 1950, 2000, 2006.
o Unemployment rate in US
12-12-16
 Christmas party
LP 5
1-9-17
 Discuss elements of the Class Market game!
o What worked, what could be better, etc.
o Final Market day next week.
 Unemployment and the effects on the Economy.
o https://www.youtube.com/watch?v=3GTgniuxA50
o Review Unemployment statistics from 2000 and compare them to stats from 2010
http://www.census.gov/compendia/statab/2012/tables/12s0615.pdf
o Review Types of Unemployment
 Read Linking Economics on pg. 254 and answer review questions under What Do You Think?
o Government work programs and the Civilian Conservation Corps.
1-16-17
 Final Day Class Market
o
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Students receive dividends from investment portfolios and can spend money on various
items available for purchase.
Al Capone gets caught with Tax Evasion – Define Income Tax
Taxes: Appropriate taxes will be deducted from Student Budget.
o Full Income = $70/day & $280/month
 10% income tax
o Capital Gains tax will only be collected at time of withdrawal.