Dec 08

AP Economics – 12/09/19

I.  Bellwork

  • List the four factors of production and provide an example for each

II.  Objectives

  • Describe features that make markets for factors of production—resources like land, labor, and capital—different from goods markets
  • Explain how factor markets determine the factor distribution of income
  • Discuss how the demand for a factor of production is determined

III.  Introduction and factor Demand pages 688-696

A.  The Economy’s Factors of Production

  1. The Factors of Production
  2. Why Factor Prices Matter: The Allocation of Resources
  3. Factor Incomes and the Distribution of Income
  4. The Factor Distribution of Income in the United States

B.  Marginal Productivity and Factor Demand

  1. Value of the Marginal Product
  2. Value of the Marginal Product and Factor Demand
  3. Shifts of the Factor Demand Curve

IV.   Practice

A. Add a column and determine marginal product

B.  Add a column to the table and compute VMPL. Suppose the price of lemonade is $2 per cup.

C.  If the wage of a lemonade stand worker is $8, how many units of labor will be hired?

V.  Classwork

Micro Unit 5, Question 8- Hiring Workers

Found in Section 13 Folder on iLearn (Module 69 – Student

  1. Worksheet 69.2: Hiring Workers
  2. Worksheet 69.3: Value of the Marginal Product
Dec 08

Economics – 12/09/19

I.  Bellwork

A.  https://www.thebalance.com/welfare-programs-definition-and-list-3305759

1.  Explain what each of the 6 major welfare programs in the article does.

II.  Objectives:

  • Distinguish between mandatory and discretionary spending
  • Construct thinking maps to categorize spending as mandatory or discretionary
  • Explain the current problem with government spending and revenue generation

III.  Discussion/Notebook

IV.  Classwork

10-2 Guided Reading 

V.  10-1 & 10-2 Quiz tomorrow

Dec 05

Accounting – 12/06/19

I. Bellwork: Pay Bills & Update Spreadsheet

II. Objectives:

  • Explain how Direct student loan proceeds are disbursed.
  • Understand how to get a Direct federal student loan.
  • Evaluate the consequences of student loan delinquency and default.
  • Distinguish between revolving and term loans.
  • Compare and contrast fixed and variable rate loans.
  • Understand the benefits and drawbacks of credit cards.
  • Identify other costs associated with a mortgage

III. Turn in Homework

IV. Classwork

Take Quizzes

  • (CW9) Personal Income Taxes and Forms
  • (CW8) Investments

V. Homework: MindTap Mastery Problem 9M

VI. Chapter 6 Test Tuesday

Dec 05

AP Economics – 12/06/19

I.  Objectives

  • Analyze and interpret graphs for short run and the long run for firms operating in markets characterized as being an oligopoly or monopolistic competition.
  • Determine the quantity, prices, profits and firm responses in the short run and the long run
  • Explain the role and methods used to promote differentiation in monopolistic competition

II. Exam Modules 64-68 – iLearn

Dec 05

Economics – 12/06/19

I. Bellwork

  1. Explain why this is called the bridge to nowhere?
  2. How much will the bridge cost?
  3. What is your opinion on the project?

II. Objective:

  • Discuss, identify, and analyze the ways in which federal, state, and local governments spend revenue for public services and social welfare.
  • Determine the central ideas or information and provide an accurate summary that makes clear the relationships among the key details and ideas.
  • Integrate information from diverse sources into a coherent understanding of an idea or event

III.  Chapter 10-2 Notes & Discussion 

IV.  Classwork: Page 275 Q&A (2-6) 

V.  Homework:  On iLearn 10.1 & 10.2

Dec 04

Accounting – 12/05/19

I. Bellwork

Page 182 – Explore Accounting:  Fiscal Periods

  • Make your recommendation and support it with your explanation.

II.  Objectives:

  • Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss
  • Compare and contrast net income and net loss through class discussion, text information and construction of a double bubble
  • Discuss the importance of choosing a fiscal period that is based upon cycles in a business.

IV.  Class work:

  • 6M Pages 184-185
  • Additional Worksheet (Net Loss) on Google Classroom
Dec 04

AP Economics – 12/05/19

I  Bellwork

  • Page 686 2 a-c

II.  Objectives

  • Analyze and interpret graphs for short run and the long run for firms operating in markets characterized as being an oligopoly or monopolistic competition.
  • Determine the quantity, prices, profits and firm responses in the short run and the long run
  • Explain the role and methods used to promote differentiation in monopolistic competition

III. Classwork

Pages 684-686 MC 10-20

IV. Exam Review

  • MC Modules 64-68 – iLearn
  • Section 12 FRQ Review – iLearn

V. Exam Friday

Dec 04

Economics – 12/05/19

I.  Bellwork:

Analyze the cartoon below completing the 4-Square below.

II.  Objective:

  • Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response.
  • Analyze the ways in which governments generate revenue on consumption, income and wealth and use that revenue for public services and social welfare.
  • Discuss, identify, and analyze the ways in which federal, state, and local governments spend revenue for public services and social welfare.

III. Discussion

A.  Expenditures

  1. Kristin Tate Blasts Pork Barrel Spending on Fox News
  2. Waste Book Government Pork Spending
  3. Stossel Real or Fake?
  4. Congress, Earmarks, and Pork Barrel Spending

B.  Chapter-10PPT-1– Copy  (For Next Quiz)

IV.  Classwork

A,  Page 265 Q&A #2-6

B.  Earmarks explosion: Republicans could set record with big spending on pork barrel project

  1. What is happening with government earmarks in 2018 compared to 2017?
  2. Explain 2 earmarks mentioned in the article.
  3. Why are earmarks a problem?
  4. Define what an earmark is.
Dec 03

Accounting – 12/04/19

I.  Bellwork On Google Classroom

II.  Objectives

  • Journalize and post the adjusting entries for supplies and prepaid insurance.
  • Explain the necessity and the steps in journalizing adjusting entries while completing a sequence map

III.  Discussion/Notebook Work

  • Adjusting entries and why they are necessary
  • Sequence Map

IV.  Classwork:

On MindTap

  • Working Together & On Your Own (p. 179).
  • Application Problem 6-4 (p. 184).
Dec 03

AP Economics – 12/04/19

I  Bellwork

  • Page 686 1 a-c

II.  Objectives

  • Analyze and interpret graphs for short run and the long run for firms operating in markets characterized as being an oligopoly or monopolistic competition.
  • Determine the quantity, prices, profits and firm responses in the short run and the long run
  • Explain the role and methods used to promote differentiation in monopolistic competition

III. Exam Review

  • MC Modules 64-68 – iLearn
  • Section 12 FRQ Review – iLearn

IV. Exam Friday