I. Bellwork Q&A
Q1: What careers are you interested in pursuing?
Q2: In addition to providing income, what else might a job provide?
Q3: How do you feel about paying part of your paycheck to government in taxes?
II. Learning Objectives:
Students will be able to…
• Analyze relationships between education, training, and earnings
• Examine the different deductions that come out of a paycheck that determines net pay
• Explain the content and purpose of standard tax forms
• Identify other types of income that can supplement wages or a salary
• Investigate benefits such as health insurance contributions, FSAs, HSAs retirement benefits, leave, life insurance,and disability
Budget Challenge -Quiz (CW7) Data Protection
EverFi Lesson 2: Income and Employment
I. Bellwork: Page 640 – FRQ
- Collaborate and review topics related to monopolies (unregulated) and natural monopolies (regulated)
- Construct, analyze, and interpret graphs for monopolies to determine the profit maximizing level, price, total revenue, total cost, and profit
III. Test Tuesday – Sections 58-63
IV. Classwork on iLearn:
- Monopoly Questions Module 61-63 due today
Questions & Answers
- What is happening in the picture? (Not a fire.)
- Who is impacted?
- How are they impacted?
- Why do you believe this is being allowed?
- Identify common circumstances related to market failures and the impact externalities have on society.
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence
- Determine central ideas of a text and analyze their development over the course of the text, including how they interact and build on one another to provide a complex analysis;
III. Retakes Tuesday after school (I leave at 3:20)
IV. Video & Discussion
B. Externalities: When Is a Potato Chip Not Just a Potato Chip?
V. Notebook Work/Discussion:
A. Tree Map: Causes of Market Failures-Pgs 180-181
B. Distinguish between a positive and negative externality
C. Identify methods the government uses to discourage negative externalities and encourage positive externalities
D. Provide examples of a positive externalities and explain how they impact 3rd party positively.
E. Provide examples of a negative externalities and explain how they impact 3rd parties negatively.
- Page 179 Vocabulary (7)
- P 183 2-6 Q&A
I Bellwork: Q&A
- MLA Heading on separate sheet of paper.
- Heading: Chapter 6 Test – ODD or EVEN
- Chapter 6 Assessment: Analyze and interpret how prices change through the interaction of buyers and sellers in the market and the impact of price controls
- Write arguments to support claims in an analysis of substantive topics or texts, using valid reasoning and relevant and sufficient evidence
III. Turn in Chapter 6 Review Sheet
IV. Chapter 6 Test
- Constructive response
- Selective response
I. Bellwork: Graph for a Natural Monopoly
- Explain the meaning of Price Discrimination
- Discuss why price discrimination is common when producers have market power
III. Price Discrimination Read pages 630-635
V. Test Tuesday
II. Learning Objectives:
Students will be able to…
- Examine the functions, services, and products offered at various financial institutions
- Compare the costs and benefits of select banking products
- Demonstrate how to open and effectively use a checking and savings account
- Monitor and reconcile bank statements to their personal records
- Explain how investing can be used as part of a long-term financial strategy
Registration Code: e34bd4fb
Lesson 1: Banking Basics
Grades below 70% will not be recorded so you will need to redo it
IV. Scholarship Money:
If you complete one lesson in Venture or EverFi Financial Literacy (~20-40 minutes), You can enter Fifth Third’s scholarship contest.and some of the others offered below: https://everfi.com/program/student-scholarship/
I Bellwork Supreme Court Rejects Rent Control Challenge
- Explain the reasoning used by those against rent control.
- Explain the reasoning used by those supporting rent control.
- What factors did the Supreme Court take into consideration and what was the basis for their decision? Do you agree? Explain.
- Analyze and provide examples of how price controls are practiced and their impact.
- Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
- Integrate and evaluate various graphic models in order to address a question or solve a problem.
III. Review & Discuss Chapter 6 Concepts
IV. Chapter 6 Test Tomorrow
I. Bellwork: on iLearn
Discuss monopoly inefficiencies
Construct, analyze, and interpret graphs for monopolies to determine the consumer surplus, producer surplus,and deadweight loss resulting from inefficiency
- Review Pages 628-629
A. Monopolies are inefficient because they…
- Charge a higher price
- Don’t produce enough
- Not allocatively efficiency
- Produce at higher costs
- Not productively efficiency
B. Figure 62.1 page 624
C. Dealing with Monopolies
Worksheet 4.2 in Module 62 Folder on iLearn
Page 628 Check Your Understanding #1-2
- Apply accounting terminology and practices/procedures used in cash controls on the exam
- Interpret and analyze financial information to record journal entries, establish and replenish petty cash, and prepare a bank reconciliation.
II. Chapter 5 Test
Multiple Choice on iLearn
I. Bellwork: on ILearn
- Synthesize information from source documents to prepare a bank reconciliation resolving conflicting information when possible.
- Review accounting terminology and practices/procedures used in cash controls to prepare for the exam
- Recycle Problem 5R
- Chapter 5 Review on MindTap
IV, Chapter 5 Exam tomorrow