Jun 26

Economics SS- 6/26/14


  • an understanding of basic economic concepts such as scarcity, the flow of economic activity,and decision making models used to demonstrate trade-offs by successfully passing the Chapter 1 assessment.

II. Production Possibility Frontier Questions (Q&A)

  1. What does a PPF measure?
  2. What does a point on the production possibility frontier curve illustrate?
  3. What does a point inside the production possibility frontier curve illustrate? Provide examples.
  4. What does a point outside the production possibility frontier curve illustrate? Provide examples.

III. Notebook Work- Copy diagram

Trade Off Illustration

IV.       Trade offs & Opportunity Costs Explained


V. Opportunity Cost Module

To get started on your assignment, please go to your student login page and access your account using the student code and password. One you are logged in, you will be able to complete your assigned course (OPPORTUNITY COST). Upon completion, your scores will be reported to your teacher.

Student login page: https://bts.stlouisfed.org/student/

VI. Page 28 Chapter 1 Review Work

  • 1-10 Letter & term only
  • 18-28 Question & Answer

VII. Chapter 1 Test – No Notes

  • Review old quizzes first

VIII. Section 2.1

A. Read the article below and summarize what happened, why it occurred, and its impact. 1/2 sheet

Mohammed Bouazizi

B, Page 33 Vocabulary (12)

C.  Page 41 #2-7

D. Copy Figure 2.1 page 38

Comparing Economic Systems



Jun 25

Economics SS – 6/25/14

I.  Notebook Work – Copy  the diagrams below

  • Scarcity





Factors of ProductionII.   Quick Section 1-1 Review

A. Discussion

  •  Economics Importance
  • Need & Wants
  • Scarcity- Diagram
  • Factors of Production
  • Entrepreneur Importance

III. Section 1-1 iLearn Quiz

IV. Section 1-2- Classwork


A. Section 1-2 Review Questions below: Q&A

  1. Four examples of goods
  2. Four examples of services
  3. Four examples of durable goods
  4. Four examples of non durable goods.
  5. Two examples of capital goods – explain.
  6. Two examples of consumer goods – explain.
  7. Provide an example and describe the Paradox of Value.
  8. Explain how value is determined. – Two factors
  9. Provide an example of the division of labor
  10. Provide an example of specialization
  11. Explain why economic interdependence exists.

B.  Questions 2-7

C.  2-1 Guided Reading

 V. . Notebook Work

  • Copy & Label Figure 1-3 P15

Circular FlowVI. Section 1-2 Flash Card Review

  A. Section 1-2 Quiz on iLearn

VII. Section 3-1- Classwork

A. Copy the Schedule Below

    • Label and plot the Production Possibility Frontier Curve
    • Write & Answer the two questions below
  1. Describe 3 situations which would cause production to be inside of the curve.
  2. Describe 3 situations which would cause production to be outside the curve.
Military Goods (Guns) 5000 4800 4500 4000 3300 2000 0
Consumer Goods (Butter) 0 1000 2000 3000 4000 5000 6000

VIII. . Notebook Work- Copy diagram

Trade Off Illustration

May 26

Economics – 5/27/14

I.  Bellwork

  • Examining the NewsClip 1-2 Q&A P.360
  • P 365 What type of inflation is the father discussing in the cartoon?

II. Objective

  • Apply the criteria for being unemployed and using various scenarios classify different types of unemployment including frictional, structural, and cyclical.
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.  Discussion  13-3 Unemployment pgs. 369-375

IV.  Notebook Work:

  • Circle Map – Unemployed
  • Types of Unemployment Diagram

V.  Chapter 13 test Thursday

VI.  Classwork

May 04

Economics – 5/05/14

I.  Bellwork:

  1. Summarize Arizona’s Proposed tax and why they deem it necessary.
  2. What principle of taxation does this tax involve?
  3. Based upon the criteria for effective taxes (p. 232), do you believe the tax will be effective? Why?

II.  Objective:

  • Given various scenarios distinguish between progressive, regressive, and proportional taxes
  • Analyze the incidence of Tax and determine the circumstances in which the producer or the consumer bares the cost of the tax
  • Cite specific textual evidence to support analysis of primary and secondary sources
  • Analyze the ways in which governments generate revenue on consumption, income and wealth and use that revenue for public services and social welfare.

III.  Classwork

A. Taxes

  • Review Incidence of a Tax

B. Expenditures

1. Waste Book Government Pork Spending

2.  Stossel Real or Fake?

3.  Congress, Earmarks, and Pork Barrel Spending

 IV.  Chapter-10PPT-1 – Copy  (For Next Test)

V.  Chapter 9.1 & 9.2 iLearn Test – Today -Wednesday @ 10:00 pm

A. What to study:

  • Objectives for Sections 9-1 & 9-2
  • Know vocabulary words
  • Progressive, Regressive, and Proportional tax & Examples of each
  • Guided Reading 9-1- Ability to Pay & Benefit Principle
  • Incidence of a tax/graphs pg 231
  • Impact of a tax on producers and consumers(inelastic/elastic conditions)
  • Types of taxes pg 235
  • Federal Revenue Sources  (Pie Chart Above)
  • State & Local Revenue Sources p 242
  • Page 255 Visual Summaries
Apr 27

Economics – 4/28/14

I.  Bellwork Q&A

 Chapter 7 - China Smog

  1. What is happening in the picture?
  2. Who is impacted?
  3. How are they impacted?
  4. Why do you believe this is being allowed?

II.  Objective:

  • 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

III.  Retakes tomorrow @ 2:30 in G204 (Retakes bring 3 paragraphs for section summaries)

IV.  Video & Discussion

  1.   Notebook Work/Discussion:
  • Causes of Market Failures-Pgs 180-181-Create a Tree Map
  • Distinguish between a positive and negative externality
  • Identify methods the government uses to discourage negative externalities and encourage positive externalities

VI.  Classwork

a) What is the negative externality and why is it a negative externality?
b) Comment on the likely success of different approaches to solve the problem and reduce the market failure

Apr 07

Economics – 4/08/14

 I.  Bellwork  – Q&A

A.  Page 147 Analyze the Impact 1-2

B.  Answer the additional questions below

1. What is a benefit of selling merchandise on-line?

2. What is a disadvantage of buying merchandise on-line?

II. Objective

  • Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, and surpluses.
  • Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem.

III.  Notebook Activity & Discussion

IV. Classwork

Oct 16

Economics – 10/17/13

I.  Bellwork:

  • Page 113 #26
  • Page 113 Math Practice #29 a & b (Write questions and answers for b)

II.  Objective:

  • Assess student understanding and application of concepts pertaining to the economic principle of demand.
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.

III.  Chapter 4 test Friday 

IV.  Classwork/Discuss:

Feb 05

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