We Miss You Guys!
We are all thinking of you and missing you. We teachers have spent a lot of time this week trying to find the best way to help you through the end of this school year. Look for updates Sunday or Monday. Until then, watch this video. https://www.facebook.com/Stacycoonrumler/videos/10222070797623661/
Otherwise no new work today. Try to get caught up. Answer questions about government spending for tomorrow (https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/sa/NzAyNjMwMDg2OTZa/details) and take this government spending quiz due Monday (https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/a/NzcwNDk4NDE5ODha/details)
Posted in Blogs, Economics and tagged chapter 10, government spending, Miss you by Adam Rauscher with no comments yet.
How Does Government Spending Affect the Economy?
Are you missing that feeling you can only feel sitting in Mr. Rauscher’s classroom? Now is your big opportunity to recreate that feeling. Go see Mr. Rauscher’s lecture at https://drive.google.com/file/d/13G6wybPvrziDtzzuhOSrAg3paNE1wsPe/view?usp=sharing
You can review the slideshow he used at https://docs.google.com/presentation/d/1kCXObijYHmI8N7oIIFmaJMacl4GXz6V3szqhoHLDQLg/edit?usp=sharing
The head over to Google Classroom (https://classroom.google.com/u/1/w/NTMzNjMzMDYzMjVa/t/all) and post examples of government spending and how you think they may affect the economy.
Posted in Blogs, Economics and tagged chapter 10, demand side economics, government spending, video by Adam Rauscher with no comments yet.
What is Good Debt?
Welcome back from spring break! We’ll start with a video!
Watch the above video, then go to Google Classroom and answer the question. Give examples of good debt or bad debt in a personal budget. What would be a good thing for a person to go into debt for? What would be a bad thing to go into debt for?
Additionally, don’t forget, your current events assignment is due today. https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/a/NjY5MTY2MzM4NDVa/details
Posted in Blogs by Adam Rauscher with no comments yet.
As Times Change, People Lose Jobs
Listen to this podcast about the future of the cruise industry after the coronavirus from The Economist. http://aca.st/15f624.
One concept to keep in mind is that diseases spreading on cruise ships has been an issue for years now. So then the question becomes: Is this an expected catastrophe or an existing issue that has finally hit its tipping point? Similarly, there have reasons to expect a recession for the last two years. How our economy looks in a year is a big question mark and sorting out what is a standard recession and what is the coronavirus is a big question. So, after listening to this, I ask you, “Will you ever take a cruise in the future?” You can answer over on Google Classroom https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/sa/NjY2NDE1NzY2ODZa/details
You have two assignments to finish, Counties Work is due tonight at 11:59pm (https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/a/NTczNDMzMTAxNzVa/details) and the Chapter 10 Learning Objectives are due tomorrow night (https://classroom.google.com/u/1/c/NTMzNjMzMDYzMjVa/a/NTczNjc5NTAyMzla/details).
Posted in Blogs by Adam Rauscher with no comments yet.
Counties Work
Talking about government spending, it’s worthwhile for you to experience government spending. This is a game that lets you run a small government and make spending decisions.
Go to https://www.icivics.org/games/counties-work
You don´t have to register. Feel free to click ¨No Thanks.¨
Then click ¨new game.¨ Play at normal speed.
Name your county, parish, or borough, then select your character to run the government by browsing faces and outfits. Give yourself a title (I like ¨Grand Poobah¨). Last, select a special department to add to the map. Not every county has the same departments and services, so pick one that works for you!
The main goal of Counties Work is to keep citizens happy by responding to their requests. Residents have many requests for the county and will need your help to carry them out! Once a resident is following you, you must bring the resident to the department on the map that can best fulfill their request. Over time, you’ll want to develop new areas of your community to attract more residents and grow the county’s population. More population means more tax revenue!
Play through the game twice, then answer the questions. It may help to look at the questions ahead of time. The form is at: https://forms.gle/fXaBCJeFHZZQSVP66
- The Market Failures Slideshow was due last week. It is the biggest assignment of the quarantine so far. If you haven’t already, turn it in! (https://iblog.dearbornschools.org/rauscher/2020/03/20/homework-market-failures-slideshow/).
- The Chapter 7 Objectives were due this past Sunday. If you haven’t already, turn them in! (https://iblog.dearbornschools.org/rauscher/2020/03/24/homework-market-failures-learning-objectives/).
- The Chapter 10 Objectives are due on Friday (https://classroom.google.com/u/2/w/NTMzNjMzMDYzMjVa/tc/NTczNDMzMDU0OTZa)
Posted in Blogs and tagged chapter 10, Counties Work, game-based learning, government spending, iCivics, video game by Adam Rauscher with no comments yet.
The Jobs Report and Essential Workers
The U.S. Department of Labor released its weekly jobs report yesterday. It was bad. Historically bad. And worse than predicted. 3.3 million claims for unemployment, which is about 4.5 times the previous record. Read about it here: https://finance.yahoo.com/news/coronavirus-weekly-initial-unemployment-claims-march-21-153036254.html
All of this is happening because state governments are ordering all non-essential workers to stay home. Most do not get paid. This raises the question of what are essential workers?
In a crisis like this, medical professionals are the easy choice as essential, but some other professions may be surprising. Workers at grocery stores, fast food restaurants, and childcare facilities are deemed essential. These are near minimum wage jobs. These are exactly the professions that have been involved in Fight for Fifteen, the push for a higher minimum wage.
Many supporters of Fight for Fifteen are using this designation as essential as proof that these workers should be paid more. However, this also could be seen as another example of the Paradox of Value. Needs are always cheaper than wants. These are the difficult questions about economics we want you to consider.
Otherwise today, there are three assignments you could be working on:
- The Market Failures Slideshow was due yesterday. If you haven’t already, turn it in! (https://iblog.dearbornschools.org/rauscher/2020/03/20/homework-market-failures-slideshow/).
- The Monopoly Questions are open for a retake (https://iblog.dearbornschools.org/rauscher/2020/03/25/retake-monopolies-questions/).
- The Chapter 7 objectives are due on Sunday (https://iblog.dearbornschools.org/rauscher/2020/03/24/homework-market-failures-learning-objectives/).
You have the luxury of managing your own time. Do it well.
Posted in Blogs by Adam Rauscher with no comments yet.
Retake Monopolies Questions
Scores on the Monopolies Questions were okay, but I’d prefer awesome. I have created a review video. You must watch the video below, then retake the quiz at this link for full credit.
Don’t forget, you have two other assignments you’re working on, the slideshow is due tomorrow night at 11:59pm (Link on Google Classroom) and the learning objectives are due Sunday night at 11:59pm (Link on Google Classroom).
Posted in Blogs, Economics and tagged monopolies, Monopoly Guy, retake, review by Adam Rauscher with no comments yet.
Market Failures Slideshow, Monopoly Questions, Plus Extra Video
Mr Radcliffe and I had a discussion. We have decided to extend the deadline for the slideshows (https://classroom.google.com/c/NTMzNjMzMDYzMjVa/a/NTM0OTE5NjAwMDVa/details) until Thursday 11:59pm. The deadline for the monopoly questions (https://classroom.google.com/c/NTMzNjMzMDYzMjVa/a/NTQ3NzAyNDU1Mjha/details) is still tonight at 11:59pm.
While you have extra time, keep in mind there will still be new assignments this week, including a new one tomorrow. Keep up. We are entering a recession and knowing your economics is more important now than ever. Politicians are starting to talk about choosing between the economy and saving lives. Be aware.
Today, focus on the previous assignments. If you need more info about market failures, check out the video linked below.
Posted in Blogs by Adam Rauscher with no comments yet.
Video: Monopolies
Watch this video!
Watch the video above or go to https://youtu.be/Sb_-wfmJnHA, then answer the questions about monopolies below.
Questions to answer: https://forms.gle/RQ7NSf2xtq7cdXHG9
Posted in Blogs and tagged Chapter 7, market failures, monopolies, video, worksheet by Adam Rauscher with no comments yet.
Homework: Market Failures Slideshow
Due Monday, March 23rd by 11:59pm
You will create a slideshow using Google Slides to define all of the market failures we have learned about. Go into Google Slides to find the template. Change the title of your slideshow to have your name in it.
First, you must name all FIVE failures. Then you must define them. Last, give examples of these failures as they currently exist in the world. You can find this info in Chapter 7 of the textbook (https://www.dropbox.com/s/9bthf7ru7ynw56c/economics-principles-and-practices1.pdf).
You will also be judged on the style of your presentation.
The finished product should be submitted through Google Classroom by no later than 11:59pm on Monday, March 23rd. Submissions sent in past the deadline will have points deducted.
Posted in Blogs, Economics and tagged Google Slides, market failures, project, slideshow by Adam Rauscher with no comments yet.