Economic$
Murry Bergtraum High School
John Elfrank-Dana, Instructor
jelfrank1@gmail.com

Spring 2011


 

Grade Book | Project | NYS Curriculum | Cornell Notes Form | Google Discussion | EcoText |In Chinese | In Spanish


Class Resources

News/ Upcoming Events
 

 
Curriculum Map Unit 4 - Labor Economics - New Unit DemocracyNow!  
NY State Curriculum
Rubrics

Today: June 10 & 13, 2011

Objective: Finish Film- Capitalism a Love Story and Read Critiques
Essential Question:
How are economic questions moral questions?
Aim: How accurate were Michael Moore's essential claims in the film?
Agenda:

Warm up: Review last time - Is Capitalism immoral?

Lesson: Show the students Moore's Thesis, and essential claims.

Activity: Finish the film.

Research Activity: Find criticism and a response to criticism of the film.

Summary: Post your thoughts in the "Capitalism a Love Story" thread in Google discussion. Comment on  your classmates' posts.


 

 


June 8, 2011
Cooperative Economies

Objective: To discuss how our economy could be different
Essential Question:
How can the workplace become democratic?
Aim:
How does a cooperative differ from the corporate model?

Warm up: Review- How did that robotics company in yesterday's film operate differently than most businesses?

Lesson: Film

Activity: Take Cornell notes

Activity2: Share with your nieghbor and generate questions the notes have answered.

Summary: Discuss in your notes the aim. How would education be different if it was based on a cooperative model?

June 7, 2011

Capitalism a Love Story

Objective: To take Cornell notes on film: Capitalism a Love Story
Essential Question:
Is capitalism ethical?
Aim:
How has the middle class been evaporating since Ronald Reagan?

Warm up - Define "Middle Class". Why do you think an economy needs one?

Put in your Cornell notes.

Lesson: Film Capitalism a Love Story take notes (25)

Activity: Compare notes with your neighbor and make up questions for Cornell notes.

Summary: Make up your summary and curiosity questions

Homework:


June 6, 2011

Capitalism a Love Story

Objective: To take Cornell notes on film: Capitalism a Love Story
Essential Question:
How did the economic collapse of 2008 happen?
Aim:
How has the middle class been evaporating since Ronald Reagan?

Warm up - Define "Middle Class". Why do you think an economy needs one?

Put in your Cornell notes.

Lesson: Film Capitalism a Love Story take notes (25)

Activity: Compare notes with your neighbor and make up questions for Cornell notes.

Summary: Make up your summary and curiosity questions

Homework:

 


June 3, 2011

Capitalism a Love Story

Objective: To take Cornell notes on film: Capitalism a Love Story
Essential Question:
How did the economic collapse of 2008 happen?
Aim:
How has the middle class been evaporating since Ronald Reagan?

Warm up - use Google to define: Sub-Prime Loan, Derivatives, .

Put in your Cornell notes.

Lesson: Film Capitalism a Love Story take notes (25)

Activity: Compare notes with your neighbor and make up questions for Cornell notes.

Summary: Make up your summary and curiosity questions

Homework:

 

 

May 31, 2011

Objective: To take Cornell notes on film: Norma Rae
Essential Question:
How has labor struggled for collective bargaining rights?
Aim:
Why were workers at the textile mill wary of joining a union?

Warm up - use Google to define: Labor, Collective Bargaining, Strike, Mediation, Arbitration. / Friday: Review yesterday's notes.

New term: Cooptation

Put in your Cornell notes.

Lesson: Film Norma Rae take notes (25)

Activity: Compare notes with your neighbor and make up questions for Cornell notes.

Summary: Make up your summary and curiosity questions

Homework: Interview your parents (or other brother /sister, aunt/uncle) about their work. Do they like it? Why or why not? What could make it better for them? email your answers to jelfrank1@gmail.com. Put Subject - "Parental interview". Due Friday.


May 25, 2011

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Get ready to take Cornell notes.

Lesson:
Student/Guest Presentations

Activity: 1. Take Cornell notes.  

Summary: Q & A


May 23, 2011

Project Presentations...

Then...

The World is Still Here!

Objective: Students will learn how to prepare for the next End of Days.
Essential Question:
How can we be savvy consumers?
Aim:
What is sound economics for the Apocalypse?

Agenda

Warm up: Read this article - http://www.theatlantic.com/business/archive/2011/05/apocalyptic-economics-whether-zombies-or-rapture-be-prepared/239234/

Lesson: Discuss with your neighbor your plans

Activity: Why does the media give these "prophets of apocalypse" any attention?

Activity 2: Read this passage from Noam Chomsky and decide how he would explain this attention on these End of Days claims.

On the system of thought control in democracies:

This is done by organizing the world so that the major decisions are not in the public arena. And by imposing on the people - I am now quoting from manuals of the public relations industry - a "philosophy of futility". This is done so that the attention of the people is focused on the superficial things of life like fashionable consumption.

From infancy children have drilled into them, from television, advertising and in every possible way, that they have to have a "philosophy of futility" as far as serious decisions are concerned and that they have to perceive themselves as passive consumers. It does not really matter what you know about the world. The less you know, the better.

That is the model. It does not work, but that is the model. The rabble (common people) never accepts this. It continually resists and struggles against this. That also requires the use of other techniques to try and control people. The elite media are mostly directed to the small decision-making sector - people who make choices in decisions that run society. They have to be properly indoctrinated by not just the media but by the education system and everything else. The true mass media that go to the general audience, they mostly distract, making people pay attention to something else - popular music, purchasing.

source: http://www.chomsky.info/interviews/200111--.htm

Summary: Discuss in class.

 

 

 

 


May 19 & 20, 2011

FINISH THIS! You have your Google discussion assignment below!
I may not be in school today but I have my eyes on you!


Ecological Footprint
Objective:
Students will learn about their "ecological footprint" and what they can do to impact it.
Essential Question:
How can consumers impact climate change?
Aim:
How can you impact your ecological footprint?

Agenda

Warm up: Review today's agenda.

Lesson: Go to - http://www.myfootprint.org/ and read what your "footprint" means.

Activity: Select your language and begin the quiz.http://bayouwoman.wordpress.com/2010/05/19/how-big-is-your-footprint/

Activity 2: Compare your foot print with your neighbor's. 1. Why is it more or less or same? 2. What is it about your lifestyle that if everyone lived like you we'd have environmental catastrophe?
3. What would you have to change to get a footprint of 1 planet?

Summary: Post your foot print, why it's what it is and what you can do to reduce it on the " Ecological Footprint" thread.

Homework: Climate Change - Myth or Reality? Do Internet research and find one argument calling it a myth and another argument saying it is real. Post your answer as a Reply to your post from today's lesson.


May 18, 2011

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Get ready to take Cornell notes.

Lesson:
Student/Guest Presentations

Activity: 1. Take Cornell notes.  

Summary: Q & A


May 17, 2011

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Get ready to take Cornell notes.

Lesson:
Student/Guest Presentations

Activity: 1. Take Cornell notes.  

Summary: Q & A


May 16, 2011

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Get ready to take Cornell notes.

Lesson:
Student/Guest Presentations

Activity: Take Cornell notes.  2: Conclusion of The Corporation - How can corporations be held accountable?

Summary: Q & A


May 13, 2011

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Get ready to take Cornell notes.

Lesson:
Student/Guest Presentations

Activity: Take Cornell notes.

Summary: Q & A.


May 12 - Career Day

Objective: To take notes and ask questions of the presenters.
Essential Question:
How do guest speakers inform our career decision-making?

Agenda

Warm up:
Welcome Mr. Hilton from the Federal Reserve Bank or Student presenters.

Lesson:
Student/Guest Presentations

Activity: Take Cornell notes.

Summary: Q & A.


May 11 - The History of the Federal Reserve Bank
Objective: To interpret a time line.
Essential Question: Why was it necessary to create a Central Bank (Federal Reserve)?
Aim: How does the existence of the Federal Reserve Bank speak to the stability of capitalism as an economic system?

Agenda

Warm up: go to Google to define:

Economic Recession, Economic Depression, Economic Boom, GDP (Gross Domestic Product).

Lesson: The History of the Federal Reserve Bank, (5/10), Business Cycle (5/11)

Activity: In groups answer the aim, provide evidence and answer on Google groups in a reply post to the The FED thread.

Summary: Post your answers.



May 9

Objective: Develop your presentations in accordance with a rubric
Essential Question: What makes an effective presentation
Aim: How do we produce an effective presentation?

Agenda

  Warm up: review today's agenda and open your project essay (5)

   Lesson: Review the presentation rubric (10)

   Activity: Working in groups divide up the number of slides and produce your bullet points inserting imagery. (20)

   Summary: Share with the class your work thus far.  


May 6

Film: The Corporation
Objective: To view the film and take Cornell Notes
Essential Question: How is the corporation a paradox?
Aim: How has the corporation caused great harm?

Warm up:
Review the agenda and open Cornell notes. (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.

 


May 5

Project Presentations
Objective: To start our presentation
Essential Question: What makes an effective presentation?
Aim: To produce our presentation...

Agenda

Warm up: Review today's agenda and links.
Assign-

Lesson: How to make your presentation

1. Take a paragraph of text.
2. Create a bullet point
3. A graphic (if appropriate).

How to present:

See presentation Rubric

Activity: meet in  your group and open a Google presentation. S

Create slides (one per paragraph).

Summary: hare it with everyone and me.


May 4, 2011
Project Presentations
Objective: To start our presentation
Essential Question: What makes an effective presentation?
Aim: To produce our presentation...

Agenda

Warm up: Review today's agenda and links.

Lesson: How to make your presentation

1. Take a paragraph of text.
2. Create a bullet point
3. A graphic (if appropriate).

How to present:

See presentation Rubric

Activity: meet in  your group and open a Google presentation. S

Create slides (one per paragraph).

Summary: hare it with everyone and me.


May 2 & 3, 2011
Project Draft Editing
Essential Question: How can we collaborate to produce a sound essay?

Aim: To edit each other's draft.

Agenda:

  Warm up: Review today's agenda and the project rubric.
  Lesson: How to edit each other's writing using
Google docs (5-7 min).

  Activity: Open your project draft and review and make suggestions to each other's writing.

  Summary:  Upload edit suggestions to Google docs, be sure you have shared the document with me (jelfrank1@gmail.com) if you haven't already.  

 


April 29, 2011
Objective: To take Cornell notes on The Secret History of the Credit
    Card

Essential Question: How can we be savvy consumers of credit?
Aim: How do credit cards play a big role in people's lives today?

Agenda

   Warm up: Login and get ready to take Cornell notes.
Enter these terms in your notes section:
APR-
Credit Rating-
Minimum Monthly Payment-
Regulation-
Office of the Comptroller of the Currency-
Jurisdiction -
(5)

   Lesson: Part 1 of The Secret History of the Credit Card (25)

   Activity: Compare notes with your neighbor, Make up questions notes have answered. (10)

  Summary/Share: Write your summary and share with the class.  (5)


   Homework: Read pp. 224 - 225 and take Cornell notes.


April 28
NEW - UNIT 3: Consumer Economics

Objective: Students will calculate costs of using credit and discuss best practices.
Essential Question: How can our credit system help and hurt consumers?
Aim: How can you use credit wisely?

Warm Up: Define "credit"

Lesson: Read and take notes (in Word or Cornell form) tips for young people and credit cards.

Points:
1. Minimum Monthly Payments, "deadbeats"
2. APR
3. Credit Rating

Activity 2 (in pairs): Calculate how long it will take to pay off a credit card.

Go here: http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

Enter the following information:

1. Credit card name: MC, Balance: $1800.00, Interest: 5, Min. Monthly Payment: 25

2. Select "Minimum Payments" and click on "calculate"

How long will it take to payoff the credit card? How much did you pay to the credit card in interest?

Do it again, except double the min. monthly payment.

What's the difference?

Summary: Answer the aim - Share wit the class.

Homework: Read pp. 221 - 223 and take Cornell Notes.



April 15, 2011

Test 4

 


April 13, 2011

Objective: Prepare for Tomorrow's Test
Aim: How do we review for tomorrow's test?

Agenda

   Warm up: Review today's agenda.

    Review Questions: Work in pairs to compare notes (from March 14
      to present). Use Cornell notes or Google docs you may access
       during the test.

1. What is the traditional role of banks in our economic system?

2. How and why did that role of banks change in the last 30 years?

3. How did this new banking role cause the economic collapse of
     2008?

4. How do we the taxpayers take the hit for the activities of the
     banks?

5. How was Triangle Shirtwaist fire a spark for labor rights in the U.S.?

6. How was Martin Luther King a complex individual? What was his views on distribution of wealth and labor rights?

7. What is "dirty money" and how do banks in the U.S. profit from it?

8. According to Joseph Stiglitz why is there income disparity in the U.S. between top 1 percent and the rest of us? How has opportunity to improve one's economic position changed in the U.S.?

Essay: (Project Score for this marking period)
1. Describe your topic, (1 sentence)
2. What questions are you answering?
3. What have  your found out regarding these questions? (200+
     words)
4. List your sources you are using.


April 12, 2011

Work on your project or the Ponzi Scheme

Ponzi Schemes
Objective: To complete a close passage and describe how a Ponzi scheme works.
dr. dollar logoEssential Question: How do banks commit fraud?
Aim: How does a Ponzi Scheme differ from a bubble?

Warm up: Review today's agenda.

Lesson: Read and do close passage: Ponzi_Banks.htm
Put your answers in Cornell notes.

Summary: Make up your summary and curiosity question.

Homework: Carry on with your projects.

Activity: Share you answers with your neighbor to make sure they are correct.


April 8, 2011

Income in America
Objective: To listen to an interview by a Nobel Prize winning economist.
Essential Question:
How do economic systems distribute resources?
Aim: How does Professor Stiglitz argue economic disparity has increased?

Agenda:

  Warm up: Get ready to take Cornell notes. (5)

  Lesson: Watch interview, with interjections by John, take notes. (25)

  Activity: Compare notes with your neighbor, make up questions notes have answered,

  Summary: Write your summary and curiosity question(s). 


April 7, 2011
Objective:
To develop questions and research to answer those questions.
Essential Question: How do we think critically about information?
Aim: To start drafting answers to our questions

Warm up: In your group, review the project page. Where should you be right now? Draft a plan for getting caught up. Describe everyone's role. See shared document, Member Roles. (10)

Lesson: See sample presented by John (10)

Activity: Carry on with work, adding information to your research page. (20)

Summary: Finish your roles document. You may combine into your contact document if you like. (5)

Homework: Review for next week's test everything since March 11 - Your Cornell notes on class work and homework.


April 6, 2011

Film: The Corporation
Objective: To view the film and take Cornell Notes
Essential Question: How is the corporation a paradox?
Aim: How has the corporation caused great harm?

Warm up:
Review the agenda and open Cornell notes. (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.

Homework: Read about "Dirty Money" Why do U.S. banks depend on the illegal drug trade? Take Cornell notes.


April 5, 2011

Objective: To develop questions and research to answer those questions.
Essential Question: How do we think critically about information?
Aim: To start drafting answers to our questions

Warm up: In your group, review the project page. Where should you be right now? Draft a plan for getting caught up. Describe everyone's role. See shared document, Member Roles. (10)

Lesson: See sample presented by John (10)

Activity: Carry on with work, adding information to your research page. (20)

Summary: Finish your roles document. (5)

Homework: Carry on with your projects.



April 4, 2011

Martin Luther King, Jr. - More than Civil Rights
Objective:
To view the film and read an analysis of MLK.
Essential Question:
How was Martin Luther King Jr. a complex historical figure?
Aim:
How is King's labor message relevant to today?

Warm up: What comes to mind when you hear the name Martin Luther King Jr? Jot down in your Cornell Notes.

View film: http://www.youtube.com/watch?v=IBodqhUGoq0
Martin Luther King Speaks on Workers' Rights. Discuss what's different.

Lesson: Read article on the relevance of Dr. King today.

Activity: Take Cornell Notes and share and develop questions with  your neighbor.

Summary: Write your summary and curiosity questions.

Homework: Work on your project.


April 1, 2011

Project Phase II Transition
Objective:
To develop questions and research answers.
Essential Question:
How can we research effectively using the Internet?
Aim: How do we scaffold questions?

Lesson: Review of the Project Assignment, critical thinking and citation.

Scaffolding Questions - Main Questions >>> Sub Questions
Essay Structure: Intro >>> Body >>> Conclusion >>> Sources >>> Reflections
Citation - Chicago Manual of Style (see project page)

Activity: Work in your groups on scaffolding and answering your questions.

Summary: Upload your changes to your Research Doc on Google.

Homework: Continue finishing Phase II


March 30, 2011

Pd. 7 Work on your projects. Phase I into Phase II. See the project link above. I will check your Google docs for progress!

Film: The Corporation
Objective: To view the film and take Cornell Notes
Essential Question: How is the corporation a paradox?
Aim: How has the corporation caused great harm?

Warm up:
Review the agenda and open Cornell notes. (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.

 


March 28 & 29, 2011

Objective: To develop queries for your project.
Essential Question - How do Web 2.0 tools enhance the research process?
Aim: How do we research our project topic?

Warm up: Finish your project contracts with group member names and topic. (10)

Lesson: Google search techniques - See project page.

Activity: Carry on with Phase I & II of the project. (20)

Summary:  Put your questions and links on your research document (10)

Homework: Discuss with your group members what topic you would like to do. Reach a consensus. cc: me in the email communication. Hit REPLY ALL when commenting.

 


March 25, 2011 - SPECIAL LESSON
100th Anniversary of the Triangle Fire

Objective: To take Cornell notes on a documentary

Then

Essential Question: How does collective bargaining empower workers.

Aim: How did the Triangle Fire change America?

Warm up: Login and review the agenda. Use Google Maps and find out where exactly did the famous Triangle Fire take place. (5)

Lesson: Film- Triangle Returns/Discussion (25
min).
source: http://fromthevaultradio.org/home/2010/10/15/ftv-231-the-triangle-fire-of-1911/

Today

Activity: Research the details of the Triangle and Bangladesh Fires using the new Google search methods(10)

Summary: Share your findings on the Google Discussion Thread "Triangle Fire". (5)

 


source: http://www.telegraph.co.uk/news/uknews/1543896/Hundreds-trapped-in-Bangladesh-fire.html


March 24, 2011 

PD 7 finish yesterday's work.

Objective: To take Cornell notes on a documentary.

Essential Question: To what extent should the government regulate the financial system?

Aim: What is the film's thesis?

Lesson: John models the taking of notes.

Film Inside Job (25) with frequent interjections and questions

Activity: Generate questions with your neighbor for your notes.

Summary: Write a 3 - 5 sentence summary and generate curiosity questions.

 



March 23, 2011 Evaluating Web Content
Objective: To practice applying critical thinking to Web content.

Essential Question: To what extent should the government regulate the financial system?

Aim: How did the banks cause the economic crisis of 2008?

Agenda

Warm up: Log in and Review today's agenda. Review last night's homework.

Lesson: Review - How do I search for sources of information that are: from a University and less than 3 years old? Discuss with your neighbor and prepare to present an answer.

Activity: With your group members find three sources related to today's Aim.  Using an query of your own creation. 

Find only university sources, designate the appropriate time range.
Create a citation based on the project rubric's requirements. Include a paragraph number.

Summary: Publish this information on your shared research Google doc.  Each group member adds their own source and citation.

Extra time? - Carry on with your project research.

Homework: Read p. 2 - 3 of Why isn't Wall St. in Jail? and take Cornell notes. Due tomorrow.


March 22, 2011 Critical Thinking for Web Content
Objective:
To practice asking questions and citing information.
Essential Question:
To what extent should the government regulate the financial system?
Aim:
How have banks changed over the past 30 years?

Agenda:

Warm up: Review yesterday's notes (shared Google doc), what is our objective and aim for today? (5)

Lesson - How does web content differ from books and newspapers? Why does that require us to approach it differently? Why are Google and Wikipedia not acceptable as sources for research? Take notes in your shared Google doc (one of you).

Dynamic/HyperTextual
Paragraphs
Direct sources

Query: What were the causes of the economic meltdown of 2008. Review the advanced Google search techniques (15),

Activity - In your project groups use the advanced search techniques to limit your results to university web sites, and articles no more than 2 years old on the question - How have banks in the U.S. changed over the last 30 or so years?

In your Google doc list three sources you think are of high quality.
1. Create a citation in accordance with project guidelines for each. 2. Annotate (create a one sentence description) explaining who the source is.

Summary - Which source do you trust the most? Try and reach a consensus within your group and put an explanation in your Google document.

Continue your project work or start the homework

Homework: Why isn't Wall St. in Jail? Read this article and take Cornell notes. Due tomorrow.


 


March 21, 2011 Effective search strategies using Google
Objective:
To practice developing queries using Google search techniques to find information.
Essential Question: To what extent should the government regulate the financial system?
Aim: How do banks work in our economic system?

Agenda:

Warm up- Review today's agenda. What is the objective and aim?
List in your notes what comes to mind when you think of banks. What kinds our resources are involved? (5)

Lesson - Query: What is the role of banks in an economy?
Review Basic Google Search Techniques. (10)

Activity in Groups- (10)
      1. Fashion an appropriate query to answer today's aim using the techniques from the lesson
      2. Review the results - how many pages, how accurate?
      3. Revise your query to reduce and focus results.

Summary Activity (10)
Open a Google Doc and share it with group members and jelfrank1@gmail.com, Title it "Banking- Group no. ___"
Put your query, your chosen link and a summary of what you read.

Homework - Finish what you didn't have time for in class. Read p. 1 of article: How Stuff Works - Banks and take Cornell notes.

 


March 17,2011

Objective: To develop queries for your project.
Essential Question - How do Web 2.0 tools enhance the research process?
Aim: How do we research our project topic?

Warm up: Finish your project contracts with group member names and topc. (10)

Lesson: Google search techniques - See project page.

Activity: Carry on with Phase I of the project. (20)

Summary:  Put your questions and links on your research document (10)

Homework: Discuss with your group members what topic you would like to do. Reach a consensus. cc: me in the email communication. Hit REPLY ALL when commenting.

 


March 16, 2011

Objective: To form groups and decide on a topic.
Essential Question - How do Web 2.0 tools enhance the research process?
Aim: How do we complete the project?

Warm up: Finish your project contracts with group member names and topc. (10)

Activity: Finish your contracts and carry on with Phase I of the project. (15)

Summary:  (15)

Homework: Discuss with your group members what topic you would like to do. Reach a consensus. cc: me in the email communication. Hit REPLY ALL when commenting.


March 15, 2011

Objective: To form groups and decide on a topic.
Essential Question - How do Web 2.0 tools enhance the research process?
Aim: How do we complete the project?

Warm up: Read: Project Introduction (10)

Activity: Choose a group of 3 members. Create a work contract with each other outlining your responsibilities. (15)

Summary: All three members put their name on it and upload to Google Docs and share with all members and me: jelfrank1@gmail.com Name the file EcoProject Group no. (I will assign you a number. (15)

Homework: Discuss with your group members what topic you would like to do. Reach a consensus. cc: me in the email communication. Hit REPLY ALL when commenting.


March 14, 2011

Welcome - Välkommen!

to our friends from

Fredrika Bremergymmanasierna

 


March 11, 2011
Film: The Corporation
Objective: To view the film and take Cornell Notes
Essential Question: How is the corporation a paradox?
Aim: How has the corporation caused great harm?

Warm up:
Review the agenda and open Cornell notes. (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.


March 10, 2011

Warm up: Review your notes (10 - 20 min.)

Test 3 (20 - 35) Open Notes


March 9, 2011
Test tomorrow
Critique of Supply and Demand
Objective: To apply economic thinking to real situations
Essential Question: How does the theory of Supply and Demand explain economic activity?
Aim: Why is supply and demand theory flawed?

Warm up: Finish yesterday's work - Reply in Google discussion to the post on Price Elasticity. (10)

Lesson: Critique of Supply and Demand (10) - read aloud, ask questions

Activity: with your neighbor answer the questions below. (10-15)

Summary: Finish what you didn't have time to in class. Review below Supply & Demand, intro to The Corporation for Test Tomorrow March 1 - Present.

Homework Study Topics:

Define Supply and Demand, the Law of Supply, the Law of Demand, Review supply and demand curves, Equilibrium Price, Elasticity, Critique of Supply and Demand. The Corporation, paradox, 14th Amendment, Externalities.


March 7-8, 2011

Announcement of Bergtraum Ambassadors for our friends from Fredrika Bremer School - Extra Credit Opp.


Objective: To use Excel to plot Supply and Demand
Essential Question:
How does the theory of Supply and Demand explain economic activity?
Aim: How does elasticity affect price?

Warm Up: Review last week's notes on Supply and Demand
The "Invisible Hand" - how do supply and demand curves show how it works? Hint- The theory of free markets is that consumers get the best quality products at the lowest possible price. Put your answer in your notebooks. (10)

Activity: Review causes of Price Elasticity of Demand and Price Elasticity of Supply - refers to a change in supply as a result of a change in price. (15) Read and take Cornell Notes.

Summary Activity 2: Watch Demo on Supply and Demand using Excel.
Start Activity on Price Elasticity

Homework: Finish what you didn't have time finish in class.


March 4, 2011

Objective: Introduction to the Corporation - Take Cornell notes on the film: The Corporation. View at home on YouTube.

Essential Question - Why do we live in a corporate state?
Warm up: Review your Cornell notes from the last viewing (2/28) . (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.

 


March 3, 2011

Objective: To illustrate elasticity of supply and demand
Essential Question: How does the theory of Supply and Demand explain economic activity?
Aim: How does elasticity affect price?

Warm Up: Review yesterday's notes. (5)

Lesson: Review - Equilibrium Price | Elasticity of Supply and Demand (15)

Activity: Plot the Supply and Demand Curves on your notebooks for Butter and Cigarettes. Share with your neighbor- check each other's work. (15)

Summary: Use Word draw to illustrate your work from today and upload to Google Discussion and attach the file. Write a one paragraph description of what the graphs are illustrating. (10)

Homework: Finish what you didn't have time to in class.


March 2, 2011
Objective: To illustrate the theory of Supply and Demand
Essential Question:
How does the theory of Supply and Demand explain economic activity?
Aim: How do we graph supply and demand?

Warm up: Review yesterday's work. (5)

Lesson: Activity on Supply and Demand  (20)

Activity 2: with your neighbor discuss the answers to the second part of the activity. Share with the class. (5)

Activity 3: Open Excel (watch) and enter the table information in Excel. (10)

Summary: Save on your H: drive and upload to Google docs and share with jelfrank1@gmail.com (5)

Homework: Complete what you didn't have time to finish in class.


March 1, 2011

Introduction to Supply and Demand

Read and complete this Activity on Supply and Demand


February 28, 2011

Welcome back!

Essential Question - Why do we live in a corporate state?
Objective: Introduction to the Corporation - Take Cornell notes on the film: The Corporation.
Warm up: Review the agenda and open Cornell notes. (5)

Lesson: Film (25)

Activity: Share your notes with your neighbor and make up questions together.

Summary: Write your summary.


February 18, 2011

Test 2 | Chart for test

Film Friday - Introduction to the Corporation, Take Cornell Notes.

 

February 17, 2011

Test Tomorrow on Circular Flow of Economic Activity and Opportunity Costs

Objective: To describe and comment on the President's economic priorities.
Essential Question: How do economies answer the problem of scarcity?
Aim: How is president Obama engaged in economic decision making when producing the federal budget?

Warm up: Log in and review the agenda, read:  (5)

Lesson: Guns & Butter
1. View/or Read Democracy Now! report on the Obama Budget and take Cornell Notes. (20)

Activity:
2.
How does today's story reflect the dilemma of opportunity costs?
define: Opportunity Costs & Zero Sum. Choose the best definition to describe today's story. (10) Add to  your Cornell Notes. Discuss with your neighbor.

Summary: State your opinion about the President's decision. Was it guns over butter or the other way around? Explain in the President's budget thread on Google discussion. Comment on each other's post. (15)

Homework: Review for tomorrow's test.


February 16, 2011

Objective: To illustrate and describe the circular flow of economic activity in various economic circumstances. (day 2 or 2)
Essential Question: How do economies answer the problem of scarcity?
Aim: How does our economy function as a system?

Warm up: Log in and review the agenda, reread: the Circular Flow of Economic Activity? (5)

Lesson: Review of how we got here
1. See demo on What if scenarios

Activity (review): In pairs or individuals discuss and decide what would happen if... (use your diagram created yesterday to help  you decide)

1. The people in the household lost their jobs - How would that impact the government and businesses? 3+ sentences
2. The government spent more taxes than it brought in from businesses and households. How might that impact businesses and households? 3+ sentences
3. The Business stop paying taxes - what impact would that have on government and households? 3+ sentences

Share your answers on Google Discussion thread (if not done so already)... The Interdependence of our Economic System. Also, explain Why is our economy a "system"? (5 - 15)

Summary: Final scenario - Our government needs to fund two wars abroad, the wealthy want tax breaks, the rest of us want tax breaks, there's less tax money coming in from businesses and unemployment is high. How might your chart look different? Hint - you will need to introduce ONE more player so there will be FOUR.

Either explain in a 5 to 10 sentences, OR, make appropriate modification to your diagram. (10-15)

Homework - See right

 


February 15, 2011

Objective: To illustrate and describe the circular flow of economic activity in various economic circumstances.
Essential Question: How do economies answer the problem of scarcity?
Aim: Why is our economy a "system"?

Warm up: Log in and review the agenda, and define "system". Use Google and select what you think is the best definition for our lesson. Where else have you studied "systems"?(5)

Lesson:
1. Open yesterday's work, ID the components of the system.
2. How does each interact with the other two? (5-10)
3. Read this on the Circular Flow of Economic Activity

Activity: In pairs or individuals discuss and decide what would happen if... (use your diagram created yesterday to help  you decide)

1. The people in the household lost their jobs - How would that impact the government and businesses? 3+ sentences
2. The government spent more taxes than it brought in from businesses and households. How might that impact businesses and households? 3+ sentences
3. The Business stop paying taxes - what impact would that have on government and households? 3+ sentences

Share your answers on Google Discussion thread... The Interdependence of our Economic System. Also, explain Why is our economy a "system"? (5 - 15)

Summary: Final scenario - Our government needs to fund two wars abroad, the wealthy want tax breaks, the rest of us want tax breaks, there's less tax money coming in from businesses and unemployment is high. How might your chart look different? Hint - you will need to introduce ONE more player so there will be FOUR.

Either explain in a 5 to 10 sentences, OR, make appropriate modification to your diagram. (10-15)

Homework - See right

 


February 14, 2011

Objective: To illustrate and describe the circular flow of income
Essential Question: How do economies answer the problem of scarcity?
Aim: How can you describe our economic activity as "circular"?

Warm up: Log in and review the agenda, check your attendance record above- click on "grade book". (5)

Lesson: Activity: Circular Flow of Income: How does money circulate in our economy? (10)
1. What adds to the circular flow?
2. What detracts from this flow?
3. Is it good or bad when money is deflected from the flow?

Summary: Use the Draw tool in Word to create a Circular Flow of Income chart. Watch Demo in class first. (15)

Share with your neighbor, upload as an attachment to the Google Discussion Thread: "Circular Flow" and write a 5+ sentence description of what your chart shows. (5)

Homework -


February 11, 2011

Ideology & Capitalism -

Objective: To think critically about the ideological underpinnings of capitalism.

Essential Question: How do social belief systems support economic theories?

Aim: How do conservatives and liberals answer the question: Is life fair?

Warm up: Review yesterday's notes. (5)

Lesson: Review answers to yesterday's reading. (10)

Activity: Answer question on Google Discussion- Are you a liberal or conservative? Review the Rubric for Online Discussions and rules of "Netiquette" Respond to someone else's post with a polite question or comment.

Homework: To finish what you didn't have time to do in class.

 


February 10 -11, 2011

Ideology & Capitalism

Objective: To think critically about the ideological underpinnings of capitalism.

Essential Question: How do social belief systems support economic theories?

image source: http://www.nesseq.com/capitalism-and-climate-change/

Aim: How do conservatives and liberals answer the question: Is life fair?

Warm up: Define "ideology" and "capitalism" using Google. Write in  your Cornell notes a sentence using the term ideology. (5-10)

Lesson: Do you give to people on the subway? Why or why not? Together review the reading: Commandments of Capitalism . (10)

Activity: In pairs read and answer the questions at the bottom. (20-25)

Summary: Discuss the question - How do conservative and liberals see the card game analogy differently? Discuss/share your answer and opinion online with each other in the Are you a conservative or liberal? thread. (20)

Homework: Finish what you didn't have time to do in class.


February 9, 2011

Objective/Aim: To review and take a test.
Agenda

Warm up: Login and open your notes and homework. (5)

Activity 1: Compare your notes with your neighbor's notes. Discuss and update your notes based on your conversation.

Review: Definition of Economics, Scarcity, types of economic systems examples, 3 Economic Questions. (10-15)

Begin Test 1 when ready  - Take by yourself. (10 - 20)

Homework: Read pp. 49, 42 - 43 in Text and take Cornell Notes on Our Nation's Economic Goals. Due tomorrow.


February 8. 2011

REVIEW FOR TOMORROW'S TEST (POSTPONED)


February 7, 2011

Objective: To identify the three types of economic systems
Essential Question: To what extent does the U.S. have a "free market" system?
Aim: Why is there no pure economic model in practice?

Agenda

 Warm up: Login and review today's agenda. (5)

Lesson: Click here for lesson Read together and discuss. (5-10)

Activity: Work in pairs on the examples (15-20)

Summary Activity: Download Ven diagram (watch John do it)-

Label it to represent what you learned today about the 3 types of economic systems. Provide some examples under the title you give for each sphere. (5-10)

Homework-Share: Upload to Google Discussion Thread: Mixed Economy by attaching the file and writing a 3-5 sentence summary on the Aim.

Test Tomorrow: Introduction to Economics, Problem of Scarcity, Three Types of Economic Systems.


February 4, 2011

Lesson on Three Types of Economic Systems Answer

Read all the instructions first.

1. Using last night's homework as a guide: Click here for lesson, read and answer the questions.

2. Post your answers in the notes section of Cornell Notes and submit by the end of the period.

Test Next Week on everything we covered.


 

February 3, 2011 - Happy Chinese New Year!

Objective: To define "scarcity" and the purpose of economics.
Essential Question: How do societies cope with the problem of scarcity?
Aim:
Why do all societies have to grapple with the problem of scarcity?

 Agenda - Newbees do first day's activities first.

Warm up:  
1.
Return to yesterday's post on Google discussion and argue with someone about why your idea of how you will spend your money makes the most sense and where their argument falls short. (10)

Activities:

2. The Problem of Scarcity: Describe the minimum about of money
        per hour you will work for. How much is it? Write it down and 
        discuss with your neighbor. (5)

Describe the maximum amount of money you will work for and explain why to your neighbor.  Write it down (5)

3. View film on scarcity (just watch the first time, then take notes pausing the second time). Share notes with your neighbor.

Summary: Define economics, your own way, referring to last night's homework. (Cornell notes review).

Homework: Read pp. 10-12 - and take Cornell notes on 3 types of economic systems. Due Friday.


February 2, 2011 (low turnout day, just do homework)

Objective: To define "scarcity" and the purpose of economics.
Essential Question: How do societies cope with the problem of scarcity?
Aim:
Why do all societies have to grapple with the problem of scarcity?

 Agenda - Newbees do yesterday's activities first.

Warm up:  
1.
Return to yesterday's post on Google discussion and argue with someone about why your idea of how you will spend your money makes the most sense and where their argument falls short. (10)

Activities:

2. The Problem of Scarcity: Describe the minimum about of money
        per hour you will work for. How much is it? Write it down and 
        discuss with your neighbor. (5)

Describe the maximum amount of money you will work for and explain why to your neighbor.  Write it down (5)

3. View film on scarcity (just watch the first time, then take notes pausing the second time). Share notes with your neighbor.

Summary: Define economics, your own way, referring to last night's homework. (Cornell notes review).

Homework: Read pp. 8 - top of 10 and take Cornell notes. Due tomorrow.


February 1, 2011
 Objective: To register and get a clear understanding of the course.
 Esse
ntial Question: How is this class organized and what is expected of
       the students and teacher?

 Aim:

 Agenda

Warm up:  
1. Create a GMail account if you don't already have one

2.
Register for the Class

Activities:
3. Review Course Requirements

4. Register for Google Discussion

Extra-Credit Opp.



Extra-Credit Opp.

worth up to 15 points in your class participation grade!
Thursday, 5/12/2011
Demonstration Over Mayor's Budget
Assignment:
1.
Go to the demonstration*
Thursday, 4 - 6 PM City Hall
2.
Interview 3 or more people and ask them why they are there and any other follow-up questions.
3.
Take a picture if you can.
4.
Write a 300+ word report on the demonstration and how it is related to economics. Use quotes from your interviews to support your description of the event.
5.
Email me your report. Put "Eco Extra-Credit" in the subject line. No later than Monday 5/16.
*Clear with your parents first.

 
 

Homework: Read this and list the definitions of "economics" in your notebooks. Be prepared to share in class.

   
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