Dec 02

Economics – 12/03/19

I.  Bellwork: On iLearn

II.  Objective:

  • Given various scenarios distinguish between progressive, regressive, and proportional taxes
  • Cite specific textual evidence to support analysis of primary and secondary sources
  • Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III.  Notebook Work:

A.  Tree Maps

  • Pages 251-253
    • Describe Flat Tax and list its advantages (3) and disadvantages (3)
    • Describe Value Added Tax and list its advantages (4) and disadvantages (3)
    • Would a Flat Tax Be More Fair?

IV.  Discussion

A.  Tennessee firefighters watch as home burns

  1. Do you believe the firefighters action was justified?  Explain.
  2. Develop some alternative policies in which this situation may be avoided.

V.  Kahoot

VI.  Chapter 9.1 & 9.2 iLearn Test – Tomorrow

Dec 02

Economics – 12/02/19

I. Bellwork:

A.) Claim Statement:

Which type of tax (progressive, proportional, or regressive) do you believe is the most equitable way for the government to raise money? Provide support for your claim.

II.  Objective:

  • Distinguish between the ways in which local, state, and federal governments generate revenue.
  • Write arguments to support claims in an analysis of substantive topics or texts, using valid reasoning and relevant and sufficient evidence
  • Determine the meaning of words and phrases as they are used in a text

III.   Discussion & Notebook Work:

Government Revenue Sources

IV.  Classwork

  • Page 238 Content Vocabulary 15 

V.  Chapter 9.1 & 9.2 iLearn Test – Wednesday

Nov 25

Economics – 11/26/19

I.  Bellwork: On iLearn

II.  Objectives:

§  Given various scenarios distinguish between progressive, regressive, and proportional taxes

§  Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.

§  Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III. Discussion/Classwork/Practice: 

IV.  Section 9-1 Quiz

Nov 24

Economics – 11/25/19

I.  Bellwork:

A.  Tax holidays Link  – Questions & Answers

1) In what month do most states offer Sales Tax Holidays?

2) According to the lists, What 4 items are often most  included in the tax holidays?

II.  Objective:

§  Given various scenarios distinguish between progressive, regressive, and proportional taxes

§  Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.

§  Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III.  Discussion/Notes:

§  Types of Taxes – Copy Figure 9.2

IV.  Activities

 Activity 1: Progressive Taxes and You  Show what percentage of each person’s income would go towards tax in a progressive system by completing pie graphs.

Activity 1: Regressive Taxes and You   Show how a $2,000 tax affects the incomes of five citizens.

Activity 1: Proportional Taxes and You Find out how income is affected in a proportional tax system

V. Classwork

progressive regressive and proportional

VI.  Homework –  on iLearn
VII. Quiz Tomorrow

Nov 21

Accounting – 11/22/19

I. Bellwork: Budget Challenge

II. Learning Objectives:

  • Discover money personality, including spending and saving propensity
  • Describe the reasons for maintaining a budget
  • Build a budget by prioritizing needs and wants
  • Develop a system for tracking income, spending, and savings
  • Devise a contingency plan for covering unexpected expenses

III. Classwork Lesson 3 Budgeting

IV. Exit Ticket

Q1: How would you prioritize spending?

  • What are some spending areas that might be prioritized by people, yet shouldn’t be?
  • What are some spending areas that should be prioritized but often aren’t?

Q2: What are some of your long-term financial goals that might be achievable by creating a budget and sticking to it?

• What tool or system would you consider using to help you stick to your budget?

Q3: How much do you think you should have in your emergency fund?

• What would qualify as a good reason to use your emergency fund?

Nov 21

Economics – 11/22/19

I.  Bellwork: Q&A –

  • Page 231 Economic Analysis
  • Page 235 Economic Analysis

II. Objective:

  • Analyze and evaluate the methods in which the government generates revenue.
  • Determine the meaning of words and phrases as they are used in a text
  • Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.
  • Integrate and evaluate multiple sources of information in order to address how taxation should be used to address government deficits.

III.  Discussion/Notes:

 IV.   Make-up after school Today – I leave at 3:20

V.   Classwork:

  • Page 229 Vocabulary (16)
  • Page 236 Q&A 2-6
Nov 20

AP Economics – 11/21/19

I. Bellwork

Page 646-647 MC 1-5

II.  Objectives:

  • Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix
  • Examine the demand curve for a firm operating in a noncollusive oligopoly and explain the kink

III.  Class Discussion

IV.  Classwork

Section 65 Folder on iLearn:  65.1 & 65.3

V.  Homework

iLearn:   Oligopoly/Game Theory Work

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 19

Economics – 11/20/19

I. Bellwork

A.  Obama moves to curb car emissions  Questions & Answers

  1. What is the market failure that the government is trying to reduce?
  2. How is the government attempting to fix the failure?
  3. What government agency/agencies may be involved?
  4. How effective do you believe this policy is likely to be in reducing the market failure?

II Objectives

  • Discuss and provide analysis of the societal impact externalities and market failures (tragedy of the commons) while also exploring possible methods to resolve these issues..
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.

III.  Review Market Failures

IV.   Tragedy of the Commons Part 1 – Chalk Talk

V.  Classwork Ch7 – Enrichment Activities:  1-4 Q&A

VI. Chapter 7  Quiz

Nov 18

Economics – 11/19/19

I.  Bellwork: on iLearn

II. Objective:

  • Discuss and provide analysis of the societal impact externalities and market failures (tragedy of the commons) while also exploring possible methods to resolve these issues..
  • Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem.

III.  Quiz Tomorrow

IV.  Discussion: Externalities, Public Goods & Tragedy of the Commons
A. Notebook/Discussion

  1. Ways government encourages Positive Externalities
  2. Ways government discourages Negative Externalities

V.  Classwork
A.  Whiskey fungus tarnishes homes in Kentucky

  1. What is the negative externality and why is it a negative externality?
  2. Is there any positive externalities associated with having a distillery in the community?
  3. Explain two different approaches to solve the problem and reduce the market failure

B.   Tragedy of the Commons

  1. The Tragedy of the Commons Explained in One Minute
  2. South Park: Tragedy of the Commons
    1.  Explain the economic concept the tragedy of the commons.
    2.  Explain how the South Park video is an example of the tragedy of the commons

C.   Ch7 – Enrichment Activities:  1-4 Q&A