Nov 24

# Economics – 11/25/19

I.  Bellwork:

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?

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

# AP Economics – 11/22/19

I.  Bellwork

Based upon the Payoff Matrix below:

1. Does McDonald’s have a dominant strategy?  Explain.
2. Does Burger King have a dominant strategy?  Explain
3. Is there a Nash/Non-cooperative equilibrium/ Explain

II.  Objectives:

• Construct and interpret payoff matrices.
• Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix

III.  Classwork  Pages 656-657

• Multiple Choice  1-5
• Tackle the Test #2

IV. Homework: Questions on AP classroom – closes Sunday

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 21

# Accounting – 11/21/19

I.  Bellwork:

A.  Internet Search:  Accounting Control – Segregation of Duties

1. Explain the concept of segregation of duties in accounting.
2. Provide an example of segregation of duties in accounting
3. Explain why is segregation of duties is important to a business.

II  Objectives:

• Interpret, analyze, and journalize financial transactions in accordance with Generally Accepted Accounting Procedures.
• Post from the General journal to the general ledger accounts

III.  Classwork:  Finish Today

• Pages 154 -155 Reinforcement Activity – Part 1
• Aug 19 – Aug 31 – Post all the entries on page to to the ledger
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.

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:

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

# Accounting – 11/20/19

i.  Bellwork

• Page 152 Analyzing Nike’s Financial Statements  Q&A 1-2

II.  Objectives:

• Interpret, analyze, and journalize financial transactions in accordance with Generally Accepted Accounting Procedures.
• Maintain and monitor a general ledger accounts
• Prepare a bank statement reconciliation
• Follow and apply multi-step procedures when performing accounting  tasks; based on explanations in the text and GAAP.

III.  Classwork:  Pages 154 -155 Reinforcement Activity – Part 1

• Journalize & Post Aug 19-Aug 31
• Prepare Bank reconciliation
• Tomorrow is the last day to do it in class
Nov 19

# AP Economics – 11/20/19

I.  Bellwork:

A.  Page 641

2. Explain how fast food companies compete.

II.  Objectives:

• Explain why oligopolies have an incentive to ac in ways that reduce their combined profit.
• Explain why oligopolies can benefit from collusion
• Determine the meaning of words and phrases as they are used in economics

III. Discussion and Notebook

A.  Introduction to Oligopoly Pages 642-646

• Game Theory
• Collusion & Competition

V.  Classwork

• Page 646 Check Your Understanding #1
• Page 647  Free Response #2
• On iLearn 64.1 worksheet
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

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

VI. Chapter 7  Quiz