Day 77 Agenda (Thursday 12/17/15)

Mr. C's SMART Lunch Availability THIS Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	CLOSED
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	CLOSED
Motivation for the Week: "It is hard to fail, but it is worse never to have tried to succeed" - Theodore Roosevelt

Check out Mr. C's Economics Handbook! Everything you need to know for Economics in C&E!
Agenda
Periods 1&3
1) Review

• Kahoot!
• Mr. Clifford's "The Supply and Demand of Indian Jones"

2) TEST
(Unit 8) Economic Fundamentals

3) Economics Movie
"Robots": It is amazing how much Economics we can identify in a kids movie!


Period 4
1) Supply
Shifting Supply Practice

2) Equilibrium
After a few days focusing exclusively on Demand and then only on Supply, it was time to put them together to demonstrate how the two work together to determine prices! We completed the tables for the Determinant of Demand and the Determinants of Supply. We learned that there are only 4 possible outcomes:

Homework
Periods 1&3
None

Period 4
Unit 8 Crossword Puzzle

Announcements
Periods 1&3
QUIZ WEDNESDAY, JANUARY 6: SUPREME COURT CASES

Period 4
TEST TOMORROW (UNIT 8) ECONOMIC FUNDAMENTALS
QUIZ WEDNESDAY, JANUARY 6: SUPREME COURT CASES

Day 76 Agenda (Wednesday 12/16/15)

Mr. C's SMART Lunch Availability THIS Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	CLOSED
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	CLOSED
Motivation for the Week: "It is hard to fail, but it is worse never to have tried to succeed" - Theodore Roosevelt

Check out Mr. C's Economics Handbook! Everything you need to know for Economics in C&E!
Agenda
Periods 1&3
1) Supply
Shifting Supply Practice

2) Equilibrium
After a few days focusing exclusively on Demand and then only on Supply, it was time to put them together to demonstrate how the two work together to determine prices! We completed the tables for the Determinant of Demand and the Determinants of Supply. We learned that there are only 4 possible outcomes:

Period 4
1) Demand
Shifting Demand Practice

2) Supply
Today we looked into Supply. What it is, Determinants of Supply, and Quantity Supplied v. Supply. The mechanics are the same but the concept is different.
Determinants of Supply Flowchart
Shifting Supply Table


Homework
Periods 1&3
Unit 8 Crossword Puzzle

Period 4
Read & Note Section 21.4
Complete Activity 7: Equilibrium

Announcements
Periods 1&3
TEST TOMORROW (UNIT 8) ECONOMIC FUNDAMENTALS

Period 4
TEST FRIDAY (UNIT 8) ECONOMIC FUNDAMENTALS

Day 75 Agenda (Tuesday 12/15/15)

Mr. C's SMART Lunch Availability THIS Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	CLOSED
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	CLOSED
Motivation for the Week: "It is hard to fail, but it is worse never to have tried to succeed" - Theodore Roosevelt

Check out Mr. C's Economics Handbook! Everything you need to know for Economics in C&E!
Agenda
Periods 1&3
1) QUIZ
ECONOMIC SYSTEMS & RETURN TO MOCHA

2) Supply
Today we looked into Supply. What it is, Determinants of Supply, and Quantity Supplied v. Supply. The mechanics are the same but the concept is different.
Determinants of Supply Flowchart
Shifting Supply Table


Period 4
1) QUIZ
ECONOMIC SYSTEMS & RETURN TO MOCHA

2) Demand

• Reviewed Activity #4: Reasons for Changes in Demand
• Distributed and discussed the Flow Chart for figuring Determinants of Demand and the Chart for Shifting Demand
• Worked on a couple of exercises to practice shifting demand and figuring which determinant of demand is responsible.

Homework

Periods 1&3

Read & Note Section 21.4 and complete Activity #7: Equilibrium Price & Equilibrium Quantity

Period 4

Read & Note Section 21.3 and complete:

Activity 5: Supply Curves

Activity 6: Reasons for Change in Supply

Announcements

Periods 1&3

TEST THURSDAY (UNIT 8) ECONOMIC FUNDAMENTALS

Period 4

TEST FRIDAY (UNIT 8) ECONOMIC FUNDAMENTALS

Day 74 Agenda (Monday 12/14/15)

Mr. C's SMART Lunch Availability THIS Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	CLOSED
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	CLOSED
Motivation for the Week: "It is hard to fail, but it is worse never to have tried to succeed" - Theodore Roosevelt

Agenda
Periods 1&3
1) Demand

• Reviewed Activity #4: Reasons for Changes in Demand
• Distributed and discussed the Flow Chart for figuring Determinants of Demand and the Chart for Shifting Demand
• Worked on a couple of exercises to practice shifting demand and figuring which determinant of demand is responsible.

Period 4
1) Supreme Court Cases
Went to the computer lab to complete the Jumbles for all three sets of Supreme Court Cases from the Landmark Supreme Court Cases webpage.
1st Amendment Cases Chart and Jumbled Information
Bill of Rights Cases Chart and Jumbled Information
More Cases Chart and Jumbled Information

Homework
Periods 1&3

• Read & Note 21.3
• Complete Activity #5: Supply Curves
• Complete Activity #6: Reasons for Changes in Supply

Period 4
Nothing New. Work on Cases from class today

Announcements
Periods 1&3
QUIZ TOMORROW: RETURN TO MOCHA/ECONOMIC SYSTEMS
TEST THURSDAY: (UNIT 8) ECONOMIC FUNDAMENTALS

Period 4
QUIZ TOMORROW: RETURN TO MOCHA/ECONOMIC SYSTEMS
TEST FRIDAY: (UNIT 8) ECONOMIC FUNDAMENTALS

Day 73 Agenda (Friday 12/11/15)

Mr. C's SMART Lunch Availability NEXT Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	CLOSED
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	CLOSED
Motivation for the Week: "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill

Agenda
All Classes
1) QUIZ
UNIT 8 VOCABULARY

2) Demand

• Watched Crash Course Economics #4: Supply & Demand

• Went over the concept of demand and looked at the graphs associated with it.

• Went over the homework from Wednesday Night, Activity 3 in packet.

Homework
All Classes
Read & Note 21.2
Complete Activity 4: Reasons for Changes in Demand in the packet

Announcements
Periods 1&3
Supreme Court Cases Final Edit due by Monday 7am.
QUIZ TUESDAY: RETURN TO MOCHA/ECONOMIC SYSTEMS

Period 4
QUIZ TUESDAY: RETURN TO MOCHA/ECONOMIC SYSTEMS

Day 72 Agenda (Thursday 12/10/15)

Mr. C's SMART Lunch Availability This Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	Open TUTORIAL
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	By Appointment
Motivation for the Week: "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill

Agenda
Period 1&3
1) Economic Systems

• Finish (or begin) watching "Return to Mocha" and complete the corresponding sheet in the packet.

• In the context of the video, we discussed the three basic economic systems reviewed yesterday.
• Demonstrate the market economy and how it grew to become the economy of the United States by a brief, illustrative PPT

2) Supreme Court Cases
We discussed expectations for the Supreme Court Case project and completed a peer edit of each student's work. The final deadline to edit your case is Monday, 12/14 at 7am.
Period 1 Supreme Court Casebook
Period 3 Supreme Court Casebook

Period 4
1) Economic Systems

• Finish watching "Return to Mocha" and complete the corresponding sheet in the packet.

• In the context of the video, we discussed the three basic economic systems reviewed yesterday.
• Read Section 18.1 in the Textbook and complete Section 18.1 Guided Reading.
• Demonstrate the market economy and how it grew to become the economy of the United States by a brief, illustrative PPT

Homework
Period 4
Read & Note 21.2 and complete Activity #4 in the Packet

Announcements
Periods 1&3
Supreme Court Cases Final Edit due Monday by 7am.
QUIZ TUESDAY: "RETURN TO MOCHA"
QUIZ TOMORROW: UNIT 8 VOCABULARY



Period 4
QUIZ TUESDAY: "RETURN TO MOCHA"
QUIZ TOMORROW: UNIT 8 VOCABULARY

Day 71 Agenda (Wednesday 12/09/15)

Mr. C's SMART Lunch Availability This Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	Open TUTORIAL
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	By Appointment
Motivation for the Week: "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill

Agenda
Period 1
1) Bell Ringer

2) Costs of Production
In the packet complete the page "Costs of Production" to get an idea of some of the things a business owner must consider before opening a business, allowing us to analyze Total, Fixed, Variable, Average, and Marginal Costs.

3) Economic Systems
Review from the textbook of the 3 Basic Economic Questions that all societies must answer. From there a quick mention of the 3 Basic Economic Systems that societies may use to answer the Basic Questions.

Periods 3&4
1) Costs of Production
In the packet complete the page "Costs of Production" to get an idea of some of the things a business owner must consider before opening a business, allowing us to analyze Total, Fixed, Variable, Average, and Marginal Costs.

2) Economic Systems

• Review from the textbook of the 3 Basic Economic Questions that all societies must answer. From there a quick mention of the 3 Basic Economic Systems that societies may use to answer the Basic Questions.
• While watching the video "Return to Mocha" we completed the page in the packet of the same name.

Homework
All Classes
Read & Notes Section 20.1, Also, complete "Activity 3: Demand Curves" in the packet.

Announcement
All Classes
QUIZ FRIDAY: UNIT 8 VOCABULARY

Day 70 Agenda (Tuesday 12/08/15)

Mr. C's SMART Lunch Availability This Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	Open TUTORIAL
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	By Appointment
Motivation for the Week: "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill

Agenda
Period 1
1) Trade-offs & Opportunity Costs
Complete Activity 1: Scarcity, Opportunity Cost and Production Possibilities Curve and review the concepts

2) Costs of Production
By participating in the hand cut out simulation we demonstrated the importance of the variety of cost calculations businesses need to make production decisions.

Periods 3&4
1) Bell Ringer

2) Trade-offs & Opportunity Costs
Go over Activity 1: Scarcity, Opportunity Cost and Production Possibilities Curve from the homework and review the concepts

3) Costs of Production
By participating in the hand cut out simulation we demonstrated the importance of the variety of cost calculations businesses need to make production decisions.

Homework
Periods 1
Read and Note Sections 18.1 & 19.1
Complete you Supreme Court Case in the Google Doc by 7am tomorrow

Period 3
Read and Note Sections 18.1 & 19.1
Complete you Supreme Court Case in the Google Doc by 7am tomorrow

Period 4
Read and Note Sections 18.1 & 19.1

Announcements
QUIZ FRIDAY: UNIT 8 VOCABULARY

Day 69 Agenda (Monday 12/07/15)

Mr. C's SMART Lunch Availability This Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	Open TUTORIAL
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	By Appointment
Motivation for the Week: "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill

Agenda
All Classes
1) Review for Test
10 Question Kahoot! to review before the test.

2) TEST
(Unit 7) Personal Financial Literacy

3) Trade-Offs, Opportunity Costs, and the Production Possibilities Curve (PPC)
Important to know, most of what we learn in the economics portion of the course you already intuitively know. Mostly, I will not be giving too much new information. What we will mostly do is make the economic way of thinking accessible and apply the formal vocabulary to the concepts.

It is important to note that in this example any place underneath a PPC represents an inefficient use of resources (point A). Any point outside of the PPC is not possible with the current level of technology and resources (point B). Any point on the PPC represents a possible combination that maximizes your resources (point C), in this example you are maximizing your time. Moving along the PPC from point C to any other point demonstrates opportunity costs. Point C represents a combination of 2 hours of leisure time and 2 hours of academic time. In order to gain 1 more hour of leisure time (3 hours) you will have to give up 1 hour of academic time (1 hour).
Homework
All Classes
Read Section 18.2 and take notes
Complete Activity 1: Scarcity, Opportunity Cost and Production Possibility Curves in the packet

Announcements
UNIT 8 VOCABULARY QUIZ FRIDAY

Day 68 Agenda (Friday 12/04/15)

Mr. C's SMART Lunch Availability NEXT Week
Lunch	Monday	Tuesday	Wednesday	Thursday	Friday
A	CLOSED	By Appointment	CLOSED	By Appointment	Open TUTORIAL
B	CLOSED	Open TUTORIAL	CLOSED	By Appointment	By Appointment
Motivation for the Week: "Resolve to give thanks, not only in words, but with action." - Mr. C

Agenda
All Classes
1) Bell Ringer

2) Credit & Debt
Discuss the pros & cons of credit cards, carrying debt, and advice on how manage debt to one's advantage. Also how one can build wealth for the long-term.




3) Insurance
Why do we need insurance despite that it is essentially betting against your own interest. We looked at the types of Insurance and the benefits.


Homework
All Classes
Unit 7 Crossword Puzzle
Read 20.3 & 20.4 in the textbook and take notes.

Announcements
Periods 1&3
TEST MONDAY: (UNIT 7) PERSONAL FINANCIAL LITERACY
Supreme Court Cases Due to Google Doc online by Wednesday 7am. Use the appropriate link below to share your information.
Period 1 Supreme Court Casebook
Period 3 Supreme Court Casebook

Period 4
TEST MONDAY: (UNIT 7) PERSONAL FINANCIAL LITERACY