1/15 First day of 2nd semester- Economics- Go over classroom rules & give out parent letter. Discuss scarcity and the primary resources that we use. Define vocabulary 1-37.
1/16 Do Guided reading 1 section 1 Scarcity & the science of economics
1/17 When you run into me in Kroger 5 years from now, & 10 years from now what are you going to be doing? (What, why, where) & what do you want to be in your eulogy when you die at 80 years old? 3 paragraphs
1/18 Go over sec 1 (need, want, scarcity, Economics, paradox of value) Talk about these things in the context of local businesses and what do they think is the most important. How do you determine what is a want or need. 4 things that set the poverty line in the U.S. Assign section 2
1/22 Choices! 1-2 section Talk about MLK quote "Not environment, not heredity, but personal response is the final determining factor in our lives, and herein lies our area of responsibility." 3 questions each society must answer, 4 items in the scope of economics. Discuss resources (durable, non-durable, idle) capital goods. Opportunity cost & difference between it and trade-offs.
1/23 Quiz on Chapter 1 section 1 scarcity, questions societies face, & scope of economics. 1-3 Economic models Production possibilities
1/24 Discuss trade-offs and specialization Crash course #2. Comparative advantages of trades. Pay scale and investing in human capital. Advantages of job shadowing before choosing profession
1/27 Do 1.3 Economic Models (division of labor, specialization, and Talk about Circular Flow & discuss real-world example in Aiken)
1/28 Chapter 1 Written test review and Finish up section 3 Using Economic Models
1/29 Kahoot review & Semester pre-test
1/30 Chapter 1 Scarcity & Science of Econ Test Chapter 2 Vocab for Economic Systems
1/31 Talk about coronavirus and u.s life expectancy as compared with other developed countries.
2/3 Check 2-1 & Discuss Super Bowl ads and sign up for How the Market works game.
2/4 Class day totally devoted to researching with stock to buy and going over how to use the HTMW website & personal profile
1/30 Quiz on 1-1 & Discussion of opportunity cost and the benefits of a decision making grid.
1/31 Go over 1-2
2/12 Ch1 Test Review
2/13 oral test review for test tomorrow
2/14 Ch 1 test
2/15 Talk about the 3 different types of economies in the world
2/16 Vocabulary words defined for How an econ system helps a society deal with scarcity (7 words) & discussion of each
2/19 3 vocabulary words and discussion of the venn diagram of p49 fig 2-2
3/1 Oral review of 3 types of economies and the advantages & disadvantages of each.
3/2 Test on 3 types of economies
3/6 Sign up for howthemarketworks.com game (50 trades by 4/30)
3/9 Every one in class must make at least one trade on the stock market on howthemarketworks.com
3/12 Go over roles & responsibilities in our free enterprise economy.
3/15 US Free Enterprise Test
3/20 Begin Unit on Demand