•  Distance learning packet 2 for Economics

    Distance learning packet for Economics 

    This packet can be turned in on the 14th at the school when you pick up your next packet, or you can send a pic of each page to my email.  

    The district webpage for distance learning is https://www.acpsd.net/Page/41750

    Some of the material we HAVE been over, and some we HAVE NOT been over.  Do your best, just like homework in class i expect you to just put what you believe is the right answer and we will go over it eventually.  Email me at mbrackett@acpsd.net if you have a question that you absolutely must ask.  Stay safe.

    Coach B

     

    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.  End of the game is 5/8 and each student gets $10K and must make at least 30 trades for 100 test grade.  Top 5 in each class gets 100.  Top 5 overall gets 100.

    2/5 Discussion of the first 2 types of pure economies  Assign 2-1

    2/6 Go over 2-1 and check for completion.  Assign 2-2 and discussion of market economy

    2/7 Go over 2-2 and discussion of mixed economies and the lack of pure economies in the world.

    2/11 Guidance dept gives mid-year review in cafeteria 1-3 and media center 4-5

    2/12 Quiz on sections 1 & 2 ( 3 types of economies)

    2/13 Discussion of Soviet Union of the 80's and how the economic systems of the 2 superpowers played such a major political role.

    2/14 Discussion of vocabulary and concentration on the Great Depression and how New Deal & WWII lifted economy

    2/18  written Test Review on Ch2

    2/19 Kahoot on types of economies and review quizlet

    2/20 Chapter 2 Types of economies test

    2/21 Stock market day

    2/24-25 Illustration from any of the major concepts of Chapters 1 & 2 ( 4 factors of Prod, scope of econ, adv & dis of 3 economies, types of goods, circular flow illustration)

    2/26 finish up illustration

    2/27  Ch 3 voc and short discussion of free enterprise/capitalism

    3/2 Work on 3-1 & 3-2 worksheets.  Reinforce that no one can talk so as to take away a personal choice. 

    3/3 Discuss 5 characteristics of free enterprise/capitalism  5 major characteristics of free market/ capitalism and a modern-day example of each. 3-1 review

    3/4 Discuss 5 benefits of free market/capitalism and modern day examples and review 3-2 

    3/5 Discuss the disadvantages of the free market and modern day examples and assign 3-3

    3/6 Quiz on characteristics, benefits, & disadvantages of the free market

    3/9 Discussion of the impact of coronavirus and what could possibly be the repercussions if our world has a pandemic.

    3/10 Oral review of the disadvantages of a free market/capitalist economy

    3/11 Kahoot on Free Enterprise and howthemarketworks.com stock market game

    3/12 Chapter 3 Test of Free enterprise economy

    3/13 senior breakfast and stock market game

    Supply and Demand