Bayfield High School
Ms. Thompson
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Fall 2015 Economics Block

Why do we study economics?
To learn tools and skills to help us make rational decisions thru critical analysis.

Why is this important?
Students should learn economics because they will make important decisions in their roles as workers/entrepreneurs, consumers, borrowers, savers, investors and voters. Their futures and the future of our economy and our democracy depend upon them making informed, reasoned decisions.

Course Syllabus
Unit 5

Week 17: December 14-18
Unit 5: Personal Financial Literacy

Monday
-Final Review
-Econ Lowdown: Soar to Savings

Tuesday

-Final Essay
​-Econ Lowdown: Soar to Savings


Wednesday

-Documentary
​

Thursday
-Final Multiple Choice

Friday

-Documentary
Resources for Final
-Final Key Terms Review Sheet
-Final Study Guide
-There will be two short essays on globalization that will each have short-constructed response questions.
Unit 5

Week 16: December 7-11
Unit 5: Personal Financial Literacy

Monday
-Know Your Dough Simulation

Tuesday
-Group Discussion (card sort/numbered heads)
-
Econ Lowdown: The Art of Decision Making

Wednesday
-Know Your Dough Simulation

Thursday
-Imports, Exports and Exchange Rates
-Outline 17.1 and 17.2
-Stir the Class Questions

Friday
-Know Your Dough Simulation
-
Know Your Dough Post-Test
-Trans Pacific Partnership
-Trade Map: Create a visual representation of the US's 5 top trading partners
Standard 5: Analyze strategic spending, saving, and investment options to achieve the objectives of diversification, liquidity, income, and growth 

Standard 6: The components of personal credit to manage credit and debt

Standard 7:Identify, develop, and evaluate risk-management strategies

Unit 5

Week 15: November 30-December 4
​Unit 5: Personal Financial Literacy

Monday (taxes)
-Economics of Taxation and complete corresponding questions
-Payroll Taxes and Federal Income Tax Withholding


Tuesday (taxes, human capital)
-Complete a W4 Form
-Interpreting Taxes on a Paycheck


Wednesday (budget)
-Know Your Dough Pre-Test
-The Taxpayer's Responsibilities
-Read: College, Learning the Skills to Pay the Bills
​
-Complete: Questions for College, Learning to Pay the Bills
-Video: Human Capital/Investing in College


Thursday

-Read and complete outline 14.2 (page 420)
-Econ Lowdown: It's Your Paycheck Lesson 1 "Invest in Yourself"
-Econ Lowdown: It's Your Paycheck Lesson 3 "Cash the Check and Track the Dough"


Friday
-Read and complete outline 14.3 (page 428)
-Econ Lowdown: It's Your Paycheck Lesson 4 "Your Budget Plan"
-Econ Lowdown: It's Your Paycheck Lesson 5 "Savvy Savers"

-Econ Lowdown: It's Your Paycheck Lesson 6 "Credit Reports"
"Standard 4: Design, Analyze, and apply a financial plan based on short-term and long-term goals.

Unit 5 Learning Goal #1: Describe legal and ethical responsibilities regarding tax liabilities
Unit 5 Learning Goal #2: Identify sources of personal income and likely deductions and expenditures as a basis for a financial plan
Unit 5 Learning Goal #3: Describe factors affecting take home pay such as your human capital.
Unit 5 Learning Goal #4: Understand the importance of creating a budget






Unit 4

Week 14: November 16-20 (Study Guide for Exam)
​Unit 4: Economic Policy

Monday
​​-Video:The Second Part of that Film About Money 
-Functions of the  Federal Reserve: Read 16.2 and complete 
outline
-What Does the Fed Do?


Tuesday
-What Does the Fed Do? Assessment
-Monetary Policy: Read 16.3 and complete 
outline


Wednesday

-NYTimes: The Fed Machine
-Monetary Policy: Open Book 16.3 Quiz
​-The Federal Reserve and its Tools
-Applying Monetary and Fiscal Policy: Read 16.4 and complete outline


Thursday

-Applying Monetary and Fiscal Policy: 16.4 Reteach
-Video: NYT Federal Funds and Interest Rates

-Monetary Policy Simulation
​

Friday

-Chapter 16 Exam
-Video: Money for Nothing: Inside the Federal Reserve
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect market

Unit 4 Learning Goal #6: Analyze how the tools of monetary policy impact the economy

Unit 4 Learning Goal #7: Compare fiscal and monetary policy

Unit 4

Week 13: November 9-13
Unit 4: Economic Policy

Monday
-Present Play
-15.2 Quiz
-Watch Deficits and Debt


Tuesday
-Deficits and the National Debt: Read 15.3 and complete outline/15.3 Reteach
​-Assessment Questions:1,3,4,5-10,13 p 470-471
​
Wednesday
-Simulation: Advise the President p. 471
-Chapter 15 Exam
-Video: Fed Head

Thursday
-Video: Fed Head
-Video: Monetary Policy and the Federal Reserve
-The Federal Reserve System: Read 16.1 and complete outline

Friday
-The Federal Reserve System: 16.1 Reteach/Quiz
​-Video: That Film About Money 
-What Does the Fed Do? Part 1
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect markets


Unit 4 Learning Goal #4: Identify the impact of the national debt on the economy

Unit 4 Learning Goal #5: Analyze how the tools of monetary policy impact the economy

Unit 4

Week 12: November 2-6
​Unit 4: Economic Policy

Monday
-Website Summative Assessment

TUESDAY
-Summative Assessment Presentation
-Watch "Recession"
-Business Cycles: Read 12. 2 and complete 12.2 Business Cycles
​
-Fiscal Policy: Chapter 15 Pre-Assessment

WEDNESDAY
-Fiscal Policy and Stimulus
-Fiscal Policy: Read 15.1 and complete outline
-Watch "The Great Depression and Keynesian Economics" use FSW for Informational documentary

THURSDAY
-Fiscal Policy: 15.1 Reteach/ Quiz
-Demand Side v Supply Side Policies: Read 15.2 and complete outline
-Watch "The Great Depression and Keynesian Economics" use FSW for Informational documentary

Friday
​-Demand Side v Supply Side Policies: 15.2 Reteach/Poster

-Fiscal Policy: A Two Act Play
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect markets


Unit 4 Learning Goal #1: Describe the phases of the business cycle and how it impacts aggregate demand and aggregate supply.

Unit 4 Learning Goal #2: Analyze how the tools of fiscal policy affect the economy

Unit 4 Learning Goal #3: Compare demand-side and supply-side fiscal policy

Unit 3

​Week 11: October 26-23 (Quizlet Unit 3)
Unit 3: Economic Functions of Government

Monday
-Your Money's Worth: Examining Facts and Attitudes About Income Inequality
​
-Inequality for All (Task2)

​
Tuesday

​-Inequality for All (Task 2)

Wednesday
-Inequality for All (Task 3)
-Robert Reich on Why Capitalism Needs Saving (Create 5 Passages analyses) Here is a sample DUE FRIDAY

Thursday
-Website Summative Assessment

Friday
-Website Summative Assessment
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect markets

Unit 3 Learning Goal #4: One of the economic functions of government is income redistribution. 
Evaluate the consequences of inequality and lack of social mobility on society and evaluate perspectives on whether or not the government should, and how to, address the issue.
Unit 3

​Week 10: October 19-23 (Quizlet Unit 3)
Unit 3: Economic Functions of Government

Monday
-Climate Change in the News Jigsaw
​-Should the Government Invest in Clean Energy?
 Debate
-TED Talk: Why Can Business Be Good at Solving Social Problems

Tuesday
-Mountain Film

Wednesday
-​Should the Government Invest in Clean Energy? Debate
-Simulation

-The Unbelievably Sweet Alpacas & Monkey Business

Thursday
-Your Money's Worth: Examining Facts and Attitudes About Income Inequality.

Friday

-Your Money's Worth: Examining Facts and Attitudes About Income Inequality
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect markets
​

Unit 3 Learning Goal #4: One of the economic functions of government is income redistribution.
Evaluate the consequences of inequality and lack of social mobility on society and evaluate perspectives on whether or not the government should, and how to, address the issue.

Unit 3

​Week 9: October 12-16 (Quizlet Unit 3)
Unit 3: Economic Functions of Government


-Monday

-No School

​Tuesday

-When is a Potato Chip, Not Just a Potato Chip 
-Economics and the Environment, Reading (annotate)
-Economics and the Environment Questions


Wednesday

-Economics and the Environment: For Further Discussion

Thursday

-Economics and the Environment: For Further Discussion
-Cap and Trade Simulation


Friday
-​Unit Learning Goal #3 Quiz
-Carbon Tax Simulation
-Climate Change in the News
Standard 2: Economic Policies affect markets
Standard 3: Government and competition affect markets​

Unit 3 Learning Goal #3: 
Evaluate the economic impact of externalities and analyze how positive and negative incentives influence the pursuit of economic growth and sustainability

Unit 3

Week 8: October 5-9 (Quizlet Unit 3)
Unit 3: Economic Functions of Government

Monday
-What are the Economic Functions of Government?
-What They Did for Their Summer Vacation: Teens in the Tobacco Fields


Tuesday
-What are the Economic Functions of Government? (closure activity)

-Free Market Pharmacy
-John Green "The Cost of Healthcare"
-Healthcare Cost


Wednesday
-Healthcare Cost
-Ted Talk: Making Global Labor Fair

Thursday
-Market Structure Powerpoint
-Textbook read pp. 206-212 Questions 1-5 & 7-10
-
Market Structure Simulation
​
​Friday

-Unit 2 Learning Goals 1 & 2 Quiz
-
Why We Need Government in the Marketplace
-
Government and the Economy, Maintaining Competition
-LDC Work Time/Rough Draft Due
Standard 2: Economic Policies affect markets
Standard 3: 
Government and competition affect markets

Unit 3 Learning Goal #2: 
Analyze the role and importance of competition within the four major market structures. (1. perfect competition 2. monopolistic competition 3. monopoly 4. oligopolistic)


Unit 3

Week 7: September 28-October 2 (Quizlet Unit 3)
Unit 3: Economic Functions of Government

Monday
-No School


Tuesday
-Ideal Mixed Economy Outline Due
-Watch Lemonade War
-Economic Functions of Government Power Point
-Handout: Economic Functions of Government
​-What are the Economic Functions of Government?
​

Wednesday
-What are the Economic Functions of Government?
-Ideal Mixed Economy work time​

Thursday
 -Ideal Mixed Economy work time

-What They Did for Their Summer Vacation: Teens in the Tobacco Fields
​

Friday
-Ideal Mixed Economy work time Rough Draft Due

-What They Did for Their Summer Vacation: Teens in the Tobacco Fields
Standard 2: Economic Policies affect markets
Standard 3:
Government and competition affect markets

Unit Learning 3 Goal #1: Identify the six major economic functions of government in a market economy: 1. governments provide the legal and social framework 2. maintain competition 3. provide public goods and services 4. redistribute income 5. correct for externalities 6. stabilize the economy.

Unit 2

Week 6: September 21-25 (Quizlet Unit 2)
Unit 2: Economic Systems 

Monday
-The Ideal Mixed Economy (#10 & 11)

Tuesday
-The Ideal Mixed Economy (#10 & 12)

Wednesday
-The Ideal Mixed Economy (#10 & #13)
-Thesis Due

Thursday
-The Ideal Mixed Economy (#10 )

Friday
-The Ideal Mixed Economy (work time)
-Text Analysis and Annotation Due
Standard 3: 
Government and competition affect markets

Unit learning goal #2:
Unit learning goal 2:  Analyze the role of government within different economies. Topics to include but not limited to command, socialism, communism, and market capitalism

Unit 2

Week 5: September 14-18 (Quizlet Unit 2)
Unit 2: Economic Systems and Market Interaction

Monday
-Guest Speaker: Mayor of Bayfield


Tuesday
-The Ideal Mixed Economy (#3 & #4)

Wednesday
-The Ideal Mixed Economy (#5 & #6a)

Thursday
-The Ideal Mixed Economy (#6b & 7)

Friday
-The Ideal Mixed Economy (#8 & #9)
Standard 3: 
Government and competition affect markets

Unit learning goal #2:
Unit learning goal 2:  Analyze the role of government within different economies. Topics to include but not limited to command, socialism, communism, and market capitalism
Unit 2

Week 4: September 7-11 (Quizlet Unit 2)
Unit 2: Economic Systems and Market Interaction

Monday
-No School

Tuesday
-Crash Course Economic Systems
-Andersonville Prison

Wednesday
-Andersonville Prison
-Andersonville Prison Video
-Comparative Economic Systems


Thursday
-Comparative Economic Systems

Friday
-Vocabulary Quiz
-The Ideal Mixed Economy (#1, #2,)
Standard 3: 
Government and competition affect markets

Unit learning goal #2:
Unit learning goal 2:  Analyze the role of government within different economies. Topics to include but not limited to command, socialism, communism, and market capitalism




Unit 1

Week 3: August 31- September 4 (Quizlet Unit 1)
Unit 1: The Economic Way of Thinking 

Unit 1 Exam Study Guide

Monday
-Opportunity Cost/Incentives
-Why Cities Provide Tax Breaks Even When They Are Strapped for Revenue-

Tuesday
-I Don't Want Much, I Just Want More: Allocation, Competition and Productivity
-Allocation Assessment 

-The Price We Pay For Health: US and Canada 

Wednesday
-The Price We Pay For Health: US and Canada 

Thursday
-The Price We Pay For Health: US and Canada (Debate & Assessment)
-Supply and Demand: Lessons from Toy Fads Assessment
-Supply and Dance Man 
-What is Demand
- 
Demand for a New Source of Liquid Fuel

Friday
-Unit 1 Exam

-Crash course Supply and Demand
-What is Supply
-
Ford Motor's Bold New Move
-Fuel Prices Video
-Read "Cheap Oil Good for America? 
-Close reading questions
Standard 1:
Productive resources-natural, human, capital-are scarce therefore choices are made about how individuals, business, government, and societies allocate resources.

Unit learning goal #3: 
Discuss why productive resources are limited and explain why, people can not have all the goods and services they want; as a result, they must choose some things and give up others. Explain how positive and negative incentives can influence economic behavior.

Unit Learning Goal #1
Understand the concepts of supply and demand



Unit 1

Week 2: August 24-28
Unit 1: The Economic Way of Thinking (Quizlet)

MONDAY
 -graphic organizer page 2 group work. (The text states that "we are living in an age of scarcity." Create a claim that addresses this statement) 

-Allocating Scarce Resources (powerpoint and constructed response)

TUESDAY
-Productive Resource (video and quiz)
-Candy Bar Deconstruction
-Start a Business

WEDNESDAY
-Introductory Reading “Pizza a Marginal Exercise”
-Marshmallow simulation / Complete Graph

-Textbook "What are the Cost of Production?" pp. 138-144
-Complete Assessment Questions p. 145

THURSDAY
-Unit 1 Powerpoint #2
-Would You Swim There?

FRIDAY


-News Search/Analysis

Standard:
Standard 1: Productive resources-natural, human, capital-are scarce therefore choices are made about how individuals, business, government, and societies allocate resources.

Unit learning goal/objective 1:  
Understand the condition of scarcity and how it impacts decision making by individuals, businesses, government, and societies. And explain how scarcity of productive resources requires choices that generate opportunity costs.


Unit learning goal 2:  
Understand that effective decision making requires comparing the additional (marginal) cost of alternatives with the additional (marginal) benefits. Marginal benefit is the change in total benefit resulting from an action, and marginal cost is the change in total cost resulting from an action.

BOP:
3.2.1 Three concepts you understand from last week              economic's class, two concepts that are fuzzy, one concept that makes no sense 


Unit 1

Week 1: August 18-21
Unit 1: The Economic Way of Thinking (Quizlet)

MONDAY
-No School

TUESDAY
-First Day Procedures
-Name Game

WEDNESDAY
-Finish Name Game

-Student Interviews
-Unit 1 Pre-assessment
-Unit 1 Powerpoint #1

THURSDAY
-Unit 1 Powerpoint

-The Age of Scarcity (Read and annotate article) 

FRIDAY
-Library Visit

-Vocabulary Quiz
-Complete graphic organizer (The text states that "we are living in an age of scarcity." Create a claim that addresses this statement)
 
Standard:
Standard 1: Productive resources-natural, human, capital-are scarce therefore choices are made about how individuals, business, government, and societies allocate resources.

Unit learning goal/objective 1:  

Understand the condition of scarcity and how it impacts decision making by individuals, businesses, government, and societies. And explain how scarcity of productive resources requires choices that generate opportunity costs.

BOP's
Explain a decision you've made recently. What did you give-up?How did you make your decision?
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