MC Unit Exam and FRQ

Bellwork: Prepare for the exam

Objective: students will...

• complete an exam on scarcity, opportunity costs, PPC, absolute and comparative advantage, circular flow, inflation, unemployment, and GDP

Activity: MC Unit Exam and FRQ

Homework: Homework is due today, I you are absent please turn it in the first day of your return.

Absent? Arrange a time to come in and take the unit exam/FRQ

Catch Up Day

students will use the class period to catch up on the homework an reading assignments.

Inflation

Bellwork: What impact might inflation have on people's spending power?

Objective: students will...

• describe the purpose of a price index
• use price index to calculate inflation
• distinguish between demand-pull inflation, cost-push inflation, and quantity theory inflation

Activity: Inflation PowerPoint and Activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and the video above.

Unemployment

Bellwork: How much can we reduce unemployment, inflation, and poverty?

Objective: students will

• explain how unemployment is measured in the United States
• differentiate between frictional, cyclical, structural, and seasonal unemployment

Activity: Unemployment PowerPoint

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below.

GDP Day 1 & 2

2 Days of Work

Bellwork: How do we know if the economy is healthy?

Objective:

• understand the various components of GDP
• explain why sustained growth in GDP per capita is desirable
• calculate data regarding GDP
• describe the phases of the business cycle
• differentiate between Real and Nominal GDP

Activity: GDP PowerPoint and Activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below.

Circular Flow Activity

Bellwork: What are the four factors of production?

Objective: explain the basic circular flow model

Activity: Circular Flow activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and the video above.

FRQ Exam on PPC Review/Finish Absolute and Comparative Advantage slideshow

Bellwork: none

Objective: Review their answers on the PPC FRQ.

Activity: FRQ Exam on PPC review/Finish Absolute and Comparative Advantage slideshow lecture.

Homework: See Master Schedule for more details on homework

Absent? Set up a time to meet with Ms. Snyder to go over the answers to the FRQ exam, or meet up with another student to review the answers.

FRQ Exam on PPC

Bellwork: None

Objective: students will analyze a productions possibilities curve and answer questions related to the curve

Activity: Production Possibilities Curve Free Response Question. Students will first work on this "test" individually and then work with a partner to make sure they understand the concept.

Homework: See Master Schedule for more details on homework

Absent? Complete the FRQ below on your own and turn in as soon as possible.

Reading Catch Up Day

Bellwork: none

Objective: students will complete the readings assigned for this unit.

Activity: complete the readings.

Homework: See Master Schedule for more details on homework

Absent? Finish the readings!

Comparative and Absolute Advantage

Bellwork: Why do countries trade with one another?

Objective: Develop a broad understanding of comparative advantage and its significance for international trade theory by examination of a model.

Activity: Comparative and Absolute Advantage PP Lecture

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and take notes on the underlined portions.

Production Possibilities Curve and Supply and Demand

Production Possibilities Curve Video


Supply and Demand Review Video


Bellwork: In the movie, Monster's Inc. what was scarce?

Objective: Analyze production possibilities curves to describe opportunity costs and trade offs. Describe how markets function: laws of supply and demand.

Activity: Production Possibilities Curve PowerPoint Lecture and Laws of Supply and Demand lecture. PPC worksheet and Supply and Demand worksheet

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th
See Master Schedule for more details on homework

Absent? Review the PowerPoints below and take notes on the underlined portions.

Production Possibilities Curve PowerPoint:

Supply and Demand PowerPoint:

Scarcity, Marginal Analysis, Opportunity Costs, and Trade Offs

Bellwork: What do you think scarcity means?

Objective: analyze the implications of scarcity

Activity: Scarcity PowerPoint Lecture

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th
See Master Schedule for more details on homework

Absent? Review the PowerPoint below and take notes on the underlined portions.
 

Spring Semester Introductions

Bellwork: Answer two questions on a sticky note and place your answers on the poster. Questions were, "What are you most nervous about this class?" and "What are you most excited to learn?"

Objective: review syllabus

Activity: review syllabus and expectations.

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th

Absent? Please obtain a syllabus from Ms. Snyder to have your parent/guardian sign.