Nov 20

Economics – 11/21/19

I.  Bellwork:

Analyze the cartoon below completing the 4-Square below.

Discuss with elbow partner.

tax-cartoon1

II.  Objectives:

  • Determine the central ideas or information; provide an accurate summary that makes clear the relationships among the key details and ideas.
  • Examine, analyze, and discuss the fundamental principles associated with taxation.

III. Discussion/Notes:

A.  Review:  Taxes Video

IV.  The Economics of Taxation Pages 229-236

  • PPT file and attached  Chapter 09 Section 1 -Notes in Notebook
    • Bubble Map – Economic Impact of Taxes
    • Brace Map – Criteria for Effective Taxes
    • Brace Map – Principles of Taxation
    • Types of Taxes Figure 9.2

V.  Classwork:

  • Page 229 Vocabulary (16)
  • Page 236 Q&A 2-6
Nov 14

Accounting – 11/15/19

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

III. Classwork 

Budget Challenge -Quiz (CW7) Data Protection

EverFi Lesson 2: Income and Employment

Nov 14

AP Economics – 11/15/19

I.  Bellwork: Page 640 – FRQ

  • 1a & 1b

III.  Objectives:

  • 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
Nov 14

Accounting – 11/14/19

I.  Bellwork

  • Budget Challenge

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

III.  Classwork

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/

Nov 07

AP Economics – 11/08/19

I.  Bellwork

A.  Draw a graph with a monopoly earning a profit – label all curves (MC. D. MR. ATC) & show the profit

B.  Draw a graph with a monopoly with a loss – label all curves (MC. D. MR. ATC) & show the loss

II.  Objectives

  • Identify the profit maximizing price and quantity for a monopoly
  • Determine whether a monopoly is making a profit or loss
  • Construct, analyze, and interpret economic models for a monopoly
  • Calculate & Explain the Quantity and Price Effect

III. Classwork

  • Page 621 Check Your Understanding 1-2
  • P622 Tackle the Test MC 1-5
  • 61.3 on iLearn
Oct 28

Economics – 10/28/19

I.  Bellwork:  Figure 5.6 Page 134  Questions & Answers

  1. At what number of products is the break-even point in on the table achieved? Estimate a range.
  2. At what number of workers is the profit-maximizing level of output achieved on the table and explain why this choice is correct.
  3. Explain the advantages e-commerce stores have over traditional stores? (Page 135)

II Objectives

  • Construct and analyze the production function and other decision making models which are used to make business decisions.
  • Determine the meaning and functions of words and phrases used to make economic decisions
  • Create a hypothetical business and differentiate between variable and fixed costs incurred in the operation of the business.

III.  Classwork

IV.  Chapter 5 test on Wednesday

Oct 25

AP Economics -10/25/19

I. Bellwork

Page 581 Check Your Understanding & Tackle the Test 1-5

II. Objectives:

  • Construct, analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms
  • Explain and calculate using data from a graph or table various measures of productivity and short/long run costs.
  • Define (using graphs where appropriate) key terms and concepts relating to production, marginal analysis, and profit maximization.

III. Classwork

  • AP Classroom Problems – together in class
  • Homework – iLearn Review

IV. Exam Monday -Section 10 (Module 52-57)

Oct 23

Economics – 10/24/19

I.  Bellwork: Frayer Diagram

  • Choose one: Fixed Cost or Variable Cost

II  Objectives:

  • Determine how businesses analyze their costs and revenues to maximize profits.
  • Determine the meaning of words and phrases by constructing a brace map to categorize and differentiate costs.

III.  Discussion/Notebook:

IV Classwork:

  • P. 132 Vocabulary (13)
  • P. 137 Q&A 2-5
Oct 15

Economics – 10/16/19

I.   Bellwork

  • Draw a supply graph which illustrates a change in  quantity supply (Use arrows)
  • Draw a supply graph which illustrates a decrease in supply (use arrows)

 II.  Objective

  • Define Supply; identify changes in quantity supplied and factors that cause a change in supply.
  • Analyze various scenarios and determine the impact on supply or quantity supply

III. Retake today after school @ 3:00 pm

IV.  Notebook –

V.  Classwork

Oct 14

AP Economics – 10/14/19

I.  Bellwork p. 546

Explain the difference between the long run and the short run in economics. Provide examples.

II.   Objectives:

  • Discuss the importance of the firm’s production function, the relationship between quantity of inputs and quantity of output
  • Explain why production is often subject to diminishing returns to inputs
  • Use data to construct production functions to determine optimal levels of production

III.  Turn in All Homework & Test Corrections

IV.  Discussion:  Production Function Pgs 545-549

V.  Classwork/ Homework

  • Pg 550 #1 & MC 1-5
  • 3.1 Production Function on iLearn