Dec 18

Economics – 12/19/19

I. Bellwork  Q&A

A. Schumer introduces bill requiring GDP measure inequality

  1.  Explain why is this bill necessary according to its supporters?
  2.  How will this new bill change the way GDP information is provided?

II. Objectives:

  • Explain and calculate the  difference between Nominal and Real GDP
  • Analyze Nominal and Real GDP to determine which provides a more accurate measure of productivity

III. Discussion/Notebook:

Difference between  Nominal &. Real GDP 

IV. Classwork – iLearn Chapter 12 Folder

Activity 11.3


V. GDP Quiz on iLearn

Dec 18

Economics – 12/18/19

I. Bellwork: on iLearn

II.  Objective:

  • Examine factors that contribute to income inequality and programs that have been implemented to reduce poverty.
  • Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address the problem and impact of income inequality in American society.

III.   Discussion – Poverty & Income Disparity

IV.   iLearn 12-1 Quiz – tomorrow

V.  ClassworkDue Today-Turn in to the substitute

  • Page 345 Review 2-5 Q&A
  • P. 337 Vocabulary (12)
Dec 12

Economics – 12/12/19

I.  Bellwork: Q&A

A.  Explain the symbolism in this cartoon.

B.  Explain the point that is being made.

II.  Objectives

  • Demonstrate and apply an understanding of the various aspects of fiscal policy (spending and taxation) and its impact on society.
  • Integrate and evaluate multiple sources of information presented in different formats in order to address a question or solve a problem

III. Federal Budget Simulation Activity  (Directions are here and on Google classroom)

Link https://crfb.org/stabilizethedebt/# – 

When you are finished balancing the budget select View or Save PDF – you will need to send this file (Check your download folder for it) then submit it to Google Classroom

  Look at this – Budget Save PDF picture

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)