Thursday, May 21, 2015

UNIT: ECONOMIC GROWTH - GDP (Starting May 18)

This is our unit plan.  Below the unit plan is a brief outline of what we do in class each day.  IF YOU ARE ABSENT be sure to check BOTH!!
UNIT: Economic Growth (GDP)

For links to the assignments/readings/notes below, SELECT HERE!!!!
Learning Targets for the Unit:
I CAN…calculate gross domestic product (GDP).
I CAN...explain how and why GDP would be calculated as both nominal and real.
I CAN...differentiate between the expenditure and income approach for calculating GDP and explain reasons for using both.
I CAN...list the limitations of GDP in evaluating economic growth.
I CAN...identify factors that influence GDP.
I CAN...describe other output and income measures.
I CAN...analyze how economic growth is measured.
I CAN...explain “capital deepening” and how it contributes to economic growth.
I CAN...analyze how saving and investment are related to economic growth.
I CAN...explain the impact of population growth, government and foreign trade on economic growth.
I CAN...identify the causes and impact of technological progress.

Essential Question(s) for the Unit:
What does GDP show us, and not show us, about the nation’s economic situation?
How does the economy grow?
COLOR KEY:   WEBSITE/REVIEW VIDEO LINK    SUMMATIVE ASSESSMENT    CLASS NOTES    DUE DATE
Date
Assignment/Activity
Description/Directions
(select above for unit folder with assignments)
Due Date

Chapter 12 Section 1
1. Read Chapter 6 Section 1
2. Complete the table on pg. 307 as you read.
3. After reading complete #3-10 on pg. 314.
4. Lecture Notes & practice wkst
Tues
5/19

Chapter 12 Section 3
1. Read Chapter 6 Section 3
2. Complete the table on pg.323 as you read.
3. After reading complete #3-11 on pg. 330.
4. Lecture Notes & practice wkst
Tues
5/19
5/19

5/21
Vocabulary
1. Define each of the vocabulary words from Sections 2 & 3 in your own words.
2. Schematic Mapping - using the above vocabulary words (printed on green paper), cut them out and organize them based on their relationship to one another.
-You have to use each word at least one time
-You may use words more than once
-Create a graphic organizer using the words and showing their relationship to one another
-Fill in the “map” with connectors and brief descriptions (to SHOW the actual relationship) using markers/colored pencils
Wed
5/20
Tues

5/26

Test



















































Daily Activities
Most activities/assignments listed here are explained & detailed in the chart above.
*****************************************************************************
May 18 - May 22, 2015
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Monday (May 11)
1. Work GDP Reading Assignment

Tuesday (May 12)
1.  Go over answers for reading assignment in small groups 
2. Start vocab - define terms into your own words (due: Wed)

Wednesday (May 13) 
1. Lecture Notes & wkst for Section 1
2. Complete wkst for tomorrow

Thursday (May 14)
1. Go over answers to wkst (calculating nominal & real GDP)
2. Vocabulary - schematic mapping (alone or in small groups)

Friday (May 15)
1. GDP Review Videos
2. Finish Vocabulary Schematic Mapping - due: Tues
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May 25 - May 29, 2015
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Monday (May 25)
No School - Memorial Day

Tuesday (May 26)
1. Discuss vocab schematic maps with classmate
2. Turn in Vocab Assignment
3. Lecture notes & discussion - GDP and history (Section 2)

Wednesday (May 27) 
1.  Complete Section 2 wkst & go ove
2. Lecture notes & discussion - growing the economy

Thursday (May 28)
1. 

Friday (May 29)
1. 
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Thursday, May 7, 2015

UNIT: Prices (May 7-14, 2015)

This is our unit plan.  Below the unit plan is a brief outline of what we do in class each day.  IF YOU ARE ABSENT be sure to check BOTH!!
UNIT: Prices

For links to the assignments/readings/notes below, SELECT HERE!!!!
Learning Targets for the Unit:
I CAN…

Essential Question(s) for the Unit:
W
COLOR KEY:   WEBSITE/REVIEW VIDEO LINK    SUMMATIVE ASSESSMENT    CLASS NOTES    DUE DATE
Date
Assignment/Activity
Description/Directions
(select above for unit folder with assignments)
Due Date

Chapter 6 Section 1
1. Read Chapter 6 Section 1
2. Complete the table on pg. 133 as you read.
FRI
5/8

Chapter 6 Section 2
1. Read Chapter 6 Section 2
2. Complete the table on pg. 141 as you read.
FRI
5/8
5/8Real-World Connections1. I, Pencil (incentives, market prices, "invisible hand" - about 6 minutes) - SELECT HERE to watch video clip and answer the following questions:
1. Why does the video say a pencil is “complicated”? Do you agree or disagree? Defend your answer.
2. Describe the “family tree” that goes into making a pencil. The video points out that it works voluntarily with the “absence of a mastermind.”What does this mean? What are the benefits and/or drawbacks of this?
3. What is the “invisible hand”? Is it a good or bad thing? Discuss and compare occurrences in our society where the invisible hand is at workand where it is not.
2. Is Price Gouging Bad - SELECT HERE to watch video clip and answer the following questions:
1. What is “price gouging”?
2. Why do some people argue that price gouging is a bad thing? Why do others say that it’s a positive thing? What do you think?
3. Art Carden argues that prohibiting price gouging prevents companies from “bringing more supplies to the market.” What does he mean by this?

3. Uber/Lyft (Relationship between regulation and ride-sharing services - abut 5 minutes) - SELECT HERE to watch video clip and answer the following questions:
1. Why do Taxi companies have a problem with these companies? Should everyone have to follow the same rules? Why or why not? What do you think of the rules that Taxi drivers have to follow? Are they fair?

4. College Tuition & Campus Luxuries ( abut 5 minutes) - SELECT HERE to watch video clip and answer the following questions:
1. React to the clip - do you think the gov't has an impact on tuition price in the way the video described?


5/13-5/14TEST - Prices

Daily Activities
Most activities/assignments listed here are explained & detailed in the chart above.
*****************************************************************************
May 7 - May8, 2015
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Thursday (May 7)
1. Quiz - Vocab
2. Work time on reading assignment for "Prices"
Friday (May 8)
1. Real World Connections - watch short videos and answer questions (I,Pencil & Price Gouging)
2. Supply Test corrections - finish & turn in

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May 11 - May 15, 2015
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Monday (May 11)
1.  Real World Connections - watch short videos and answer questions (Uber/Lyft & College tuition)
2. Notes - Start going over Section 1 on Pricing

Tuesday (May 12)
1. Go through lecture notes for each section - watch video clips & take notes
2. Complete two worksheets (for section 1 & 2) - DUE: Wed.

Wednesday (May 13) 
1. Go over answers to wksts
2. Start "Prices" test

Thursday (May 14)
1. Complete Test
Friday (May 15)
1. Freakonomics chapter - CLOSE read with annotations due: Monday
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Friday, April 24, 2015

UNIT: Supply (April 22-May7,2015)

This is our unit plan.  Below the unit plan is a brief outline of what we do in class each day.  IF YOU ARE ABSENT be sure to check BOTH!!

UNIT: Supply (How Markets Work)

For links to the assignments/readings/notes below, SELECT HERE!!!!
Learning Targets for the Unit:
I CAN...explain the law of supply.
I CAN...interpret a supply schedule and a supply graph.
I CAN...examine the relationship between elasticity of supply and time.
I CAN...explain how firms decide how much labor to hire in order to produce a certain level of output.
I CAN...analyze the production costs of a firm.
I CAN...explain how a firm chooses to set output.
I CAN...identify the factors that a firm must consider before shutting down an unprofitable business.
I CAN...explain how factors such as input costs create changes in supply.
I CAN...identify ways that government can influence the supply of goods.
I CAN...analyze other factors that affect supply.
I CAN...explain how firms choose a location to produce goods.

Essential Question(s) for the Unit:
HOW DO SUPPLIERS DECIDE WHAT GOODS AND SERVICES TO OFFER?
What impacts supply?
How can a producer maximize profits?
What impacts shifts in supply?
COLOR KEY:   WEBSITE/REVIEW VIDEO LINK    SUMMATIVE ASSESSMENT    CLASS NOTES    DUE DATE
Date
Assignment/Activity
Description/Directions
(select above for unit folder with assignments)
Due Date

UNDERSTANDING SUPPLY
(Chapter 5 Section 1)
SELECT HERE FOR REVIEW VIDEO - Intro to Supply
SELECT HERE FOR REVIEW VIDEO - Elasticity of Supply
1. Read Chapter 5 Section 1
2. Complete the table on pg. 109 as you read.
3. After reading complete #3-9 on pg. 115.
4. Law of Supply Practice wkst
5. Supply charts & graphs practice wkst
SELECT HERE FOR SECTION 1 NOTES
FRI
4/24

COSTS OF PRODUCTION
(Chapter 5 Section 2)
1. Read Chapter 5 Section 2
2. Complete the web on pg. 116 as you read.
3. After reading complete #3-9 on pg. 122.
SELECT HERE FOR SECTION 2 NOTES
FRI
4/24

CHANGES IN SUPPLY
(Chapter 5 Section 3)
SELECT HERE FOR REVIEW VIDEO - Supply Curve Shifts
1. Read Chapter 5 Section 3
2. Complete the chart on pg. 123 as you read.
3. After reading complete #3-10 on pg. 128.
SELECT HERE FOR SECTION 3 NOTES
FRI
4/24
4/24
Formative Assessment
1. Take quiz for Sections 1-3
2. Correct and note accurate answers
3. Go over quiz with neighbor to determine why the correct answers are correct


Vocabulary
1. For all vocab words, create a picture or example that matches/helps you to remember or understand the definition
TUES
4/28
5/6TEST1. Vocab Test (No notes)
2. MC & SA Test (you can use all class work except formative quiz and textbook)










































Daily Activities
Most activities/assignments listed here are explained & detailed in the chart above.
*****************************************************************************
APRIL 20 - 24 2015
*****************************************************************************
Wednesday (April 22) 
1. Finish test corrections
2. Work time on Supply Reading Assignments

Thursday (April 23) 
1. Work time on Supply Reading Assignments due: Friday

Friday (April 24)
1. Formative Quiz on Supply
2. Correct quizes - with a partner, go over and correct answers
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APRIL 27 - May 1 2015
*****************************************************************************
Monday (April 27)
1. Go over correct answers in small groups
2. Vocabulary Assignment - for each word/definition, draw a picture or write a specific example to show understanding of the definition - due: Tues.

Tuesday (April 28)
1.  Watch review video on Elasticity of Demand
2. Vocab - if done small group work

Wednesday (April 29) 
1. Go over law of supply in section 1 notes
2. Complete law of supply ANd supply charts and graphs practice worksheets
3. Go over wkst answsers for law of supply practice wkst
4. Go over elasticity of supply in section 1 notes

Thursday (April 30) 
1. Go over section 2 notes

Friday (May 1)
NO SCHOOL

 *****************************************************************************
May 4 - May 8, 2015
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Monday (May 4)
1. Go over caluclating profit chart
2. Work on test review wkst 

Tuesday (May 5)
1. Go over section 3 notes
2. Do Section 3 wkst & go over answers

Wednesday (May 5) 
1. TEST - M.C. Supply Unit

Thursday (May 6)
1. Quiz - Vocab
2. Work time on reading assignment for "Prices"

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