Unit One
Introduction to Economics
What is Economics?
Simply put, ECONOMICS is the study oh how people seek to satisfy their needs and wants by making choices!
Any time you have question about Economics or Economic concepts the Crash Course Economics series on YouTube is always a great resource. Watch the video below for more about WHAT Economics is.
Scarcity and The Factors of Production
Factors of Production Assignment ---> |
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Scarcity and The FoP Assignment ---> |
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Opportunity Cost and Production Possibilities Curves
Opportunity Cost Assignment ---> |
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PPC practice |
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PPC Practice |
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More PPC Practice |
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Economic Systems
Here the focus is on the four economic systems. You should have a clear understanding of the Traditional, Command, Market, and Mixed systems.
Economic Theories
In this section you will see the connection between the economic system and the theories behind the Command, Market, and Mixed economic systems.
Economic Theories Ppt. ---> |
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Laissez Faire Economics Assignment ---> |
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Flaws of American Enterprise
All economic systems come with their share of flaws. The Untied States and it's Mixed Market Economy is no exception.
flaws_of_am_free_ent.pptx | |
File Size: | 46 kb |
File Type: | pptx |
The Business Cycle and GDP
GDP - Gross Domestic Product
what_is_gdp.ppt | |
File Size: | 5137 kb |
File Type: | ppt |
Unit Two
Supply and Demand
Supply and Demand
Monday, March 16, 2020
Unit 2 vocabulary definitions--->Hand write the word and define in notebook or on loose leaf paper.
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Tuesday, March 17, 2020
Content Objectives: Explain how price provides an incentive to buyers and sellers.
Explain the role of markets.
Content Objectives: Explain how price provides an incentive to buyers and sellers.
Explain the role of markets.
The Market power point--->View and read power point taking separate notes if necessary
Ch 4 Sec 1 Understanding Demand--->
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Supply and Demand Guided Reading--->Print and fill out guided reading worksheet and submit to me by email
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Wednesday, March 18, 2020
Content Objectives: Explain the relationship between Supply and Demand by drawing demand shift curves.
Explain how certain scenarios would affect a market.
"_________ would cause the demand curve to ...."
Crash Course Supply and Demand--->Watch the Crash Course video to the right
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Supply and Demand power point---> |
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View the Supply and Demand power point
thru all Demand info stopping at the SUPPLY slide. Also Watch the youtube videos to the right. When you're done doing all of that complete the Demand worksheet linked below. |
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Demand Worksheet---> |
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Mr. Clifford AC/DC Economics --->Remember Mr. Clifford's YouTube Channel AC/DC Economics is a great tool anytime you need more help and this video is no exception. You are not required to watch it, but you may find it very helpful in understanding demand, the demand curve, and shifters.
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Thursday, March 19, 2020
Read the Supply and Demand powerpoint linked under March 18, 2020. Begin at SUPPLY and end at Combining Supply and Demand. When you are done complete the Application of Supply assignment linked below.
Supply Worksheet---> |
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Mr Clifford AC/DC Economics--->More help from Mr. Clifford as he discusses supply.
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Friday, March 20, 2020
Content Objectives: Explain how prices are set in the market by combining Supply and Demand curves to find equilibrium.
Explain how Supply and Demand curves interact in the market using: equilibrium, disequilibrium, price floor, price ceiling, surplus, shortage
Complete the Supply and Demand power point from Wednesday, March 18, 2020 beginning at Combining Supply and Demand through the end of the power point.
Read Ch. 6 Sec. 1
Review the Shifters "Cheat" Sheets
And do the Combining Supply and Demand Worksheet
Read Ch. 6 Sec. 1
Review the Shifters "Cheat" Sheets
And do the Combining Supply and Demand Worksheet
Ch 6 Sec 1: Combining Supply and Demand--->
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Combining Supply and Demand worksheet---> |
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Monday, March 23, 2020
Take the day to catch up on anything you may not have completed last week. I have linked some examples for the Demand, Supply, and Combining Supply and Demand assignments (from last week) below to help for those of you who may need it, or to be used as a check to make sure you are on the right track. Please keep up on all of your work and email me the completed work or drop it off in the main office if you prefer. Please make sure your name and hour is on your work.
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Tuesday, March 24, 2020
Do the bellwork/practice problem that is linked as a power point below. Actually DO the problem. Play the power point and STOP at the first slide, write down the problem, and work through the question. Once you've done the problem yourself then continue through the rest of the power point where each step and answer will be revealed. If you do it this way you can see what you ACTUALLY know, and what you need to go back to a figure out.
Quick Tip: Labels are important when we work with graphs. Here are some abbreviations you'll see on Supply and Demand graphs.
S: Supply
D: Demand
P: Price
Q: Quantity
If you see something that say Qd: it means Quantity demanded OR Qs: would mean Quantity supplied
Once you've done the Bellwork/Practice problem work on the More Supply & Demand Worksheet also linked below.
Bell work/ practice problem---> |
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More Supply and Demand Analysis---> |
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Wednesday, March 25, 2020
Another bellwork/practice problem is linked as a power point below. Actually DO the problem. Play the power point and STOP at the first slide, write down the problem, and work through the question. Once you've done the problem yourself then continue through the rest of the power point where each step and answer will be revealed. If you do it this way you can see what you ACTUALLY know, and what you need to go back to a figure out.
After you've completed the practice problem watch the Shifting Supply & Demand video linked below.
After you've completed the practice problem watch the Shifting Supply & Demand video linked below.
Bell work/ practice problem---> |
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Shifting Demand & Supply AC/DC Econ Video---> |
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Thursday, March 26, 2020
Two more bellwork/practice problems are linked as a power point below. Actually DO the problems. Play the power point and STOP at the first slide, write down the problem, and work through the question. Once you've done each problem yourself then continue through the rest of the power point where each step and answer will be revealed. If you do it this way you can see what you ACTUALLY know, and what you need to go back to a figure out.
After you've done the practice problems, please do the Shifting Supply & Demand Worksheet also linked below.
After you've done the practice problems, please do the Shifting Supply & Demand Worksheet also linked below.
Bell work/ practice problem---> |
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Shifting Supply & Demand Curves---> |
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Friday, March 27, 2020
Your job today is to finish and submit your work from the week. You DO NOT need to submit bell-work, just the two linked assignments.
Also please encourage your head of household to fill out the United States 2020 Census. The results of the census are used to:
*Direct billions of dollars in federal funds to local communities for schools, roads, and other public services.
*Help your community to meet transportation and emergency readiness needs.
*Determine the number of seats each state has in the U.S House of Representatives and your political representation at all levels of government.
This information is due by April 1st, 2020 at my2020census.gov.
Thank you and enjoy your weekend!
Ms. Utterback
Also please encourage your head of household to fill out the United States 2020 Census. The results of the census are used to:
*Direct billions of dollars in federal funds to local communities for schools, roads, and other public services.
*Help your community to meet transportation and emergency readiness needs.
*Determine the number of seats each state has in the U.S House of Representatives and your political representation at all levels of government.
This information is due by April 1st, 2020 at my2020census.gov.
Thank you and enjoy your weekend!
Ms. Utterback
Elasticity of Demand
Monday, March 30, 2020
This week you will be learning about the Elasticity of Demand. Today your job will be to read Chapter 4 Section 3. Read as much as you can today so you have less to read tomorrow. The reading is attached below.
Ch 4 Sec 3---> |
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Tuesday, March 31, 2020
If you didn't complete your reading from yesterday, please do so and then answer questions #1-5, and #7 (found on page 96 of the reading) on a separate sheet of paper. You may skip question #6. Helpful hint, if you did not follow along with figure 4.7 on page 92 you will be lost on question #5. So do not skip the math examples. Also please take a look at a brief Elasticity power point that you may find useful as notes.
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Wednesday, April 1, 2020
Today you will be watching the Elasticity of Demand video by Mr Clifford as well as working through the practice problems power point posted below. You should attempt to do these problems on your own on a separate sheet of paper for it to be truly valuable to you, but you are not required to turn them in.
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Thursday, April 2, 2020
Please complete the assignment below
Elasticity of Demand Worksheet---> |
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Friday, April 3, 2020
Please use your time today to review any videos or power points for review, or finish and submit any missing assignments. Enjoy your SPRING BREAK!!!!
Monday, April 13, 2020
Download Zoom to your device if you don't already have it.
Watch the Youtube tutorial for joining a Zoom call if necessary.---> For those of you who have been keeping up with the work, this will largely be a week or two of review and clarification. For those of you who have not been keeping up, you will need to get caught up on your own as we will be visiting each topic only briefly before moving ahead with new material. Check the previous weeks Weebly assignments and your MiStar to check for any missing assignments. For tomorrow: Make sure you have completed the work from 3/16, 3/17, & 3/17. Have your completed Demand Worksheet from 3/18 done and ready to go for Tuesdays Zoom meeting. My Zoom sessions will lock you out after 5 minutes. Session begins at 8:10am. Session will lock at 8:15am. So please be on time. |
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Tuesday, April 14, 2020
Kim Utterback is inviting you to a scheduled Zoom meeting.
Topic: Ms Utterback's Zoom Economics Meeting Time: This is a recurring meeting Meet anytime Join Zoom Meeting https://us02web.zoom.us/j/615309281?pwd=ekZQWFNrZXFucGlQbVhhL1V1SmhiQT09 Meeting ID: 615 309 281 Password: 040657 One tap mobile +61861193900,,615309281#,,#,040657# Australia +61731853730,,615309281#,,#,040657# Australia Dial by your location +61 861 193 900 Australia +61 731 853 730 Australia Meeting ID: 615 309 281 Password: 040657 Find your local number: https://us02web.zoom.us/u/kdS5AXB904 Zoom meeting agenda (photo) for Tuesday---->
Zoom meeting agenda (word doc) for Tuesday---> |
Today:
We will be discussing Market's, and reviewing Supply and Demand, with our main focus being Demand. Please make sure you are prepared with your completed Demand Worksheet ready to go. As a reminder, my Zoom sessions will lock you out after 5 minutes. Session begins at 8:10am. Session will lock at 8:15am. So be on time. For tomorrow: Make sure you have completed the work from 3/19: The Application of Supply Worksheet and have that ready to go for Wednesdays Zoom meeting.
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Wednesday, April 15, 2020
Today:
We will be discussing/reviewing Supply. Please make sure you have done any necessary work and you are all caught up through AT LEAST 3/19's work. Have your completed Application of Supply Worksheet ready for today's Zoom meeting. For tomorrow: Make sure you come prepared with your completed Combining Supply and Demand Worksheet as well as your Shifter Cheat Sheets. This works was previously posted on 3/20. |
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Thursday, April 16, 2020
Today:
We will be discussing/reviewing Shifters and Combining Supply and Demand. Those of you who are behind...Please make sure you have completed all necessary work and watched all videos through AT LEAST 3/20. Have your Shifters Cheat Sheets and your completed Combining Supply and Demand Worksheet ready for today's Zoom meeting. For tomorrow: Make sure you come prepared with your completed Worksheet 5: More Supply and Demand Analysis worksheet. This work was originally posted on 3/24. |
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Friday, April 17, 2020
Today:
We will be continuing to discuss/review combining Supply and Demand. Those of you who are behind....Please make sure you have completed all necessary work and watched all videos through AT LEAST 3/24. For todays session: Have your Worksheet 5: More Supply and Demand Analysis as well as your Shifter Cheat Sheets ready to go. For Monday: Make sure you come prepared with your completed Shifting Supply and Demand Curves Worksheet, originally posted on 3/26. |
Monday, April 20, 2020
Today:
We will review Shifting Supply and Demand. Remember this is just a review. Your work from March 25th and 26 will be the foundation of this review so make sure you are caught up on all work up though 3/26. For today's session: Have your Shifting Supply and Demand Curves worksheet done and ready to go, and also have your Shifters Cheat Sheet handy. For Tuesday: Please come prepared with your completed Elasticity of Demand worksheet, originally posted on April 2nd and make sure you have done all reading, review the power point, and watched the AC/DC video prior to our Zoom session. |
Tuesday, April 21, 2020
Today:
We will review the Elasticity of Demand. Primarily for review purposes and we will only use this class period. Please be caught up through April 2. Please do the Primary Factors that Determine Elasticity of Demand Worksheet to the right and turn in via my email➡️ For Wednesday: You will have a Supply and Demand Shifts and Elasticity Quiz in real time. So make sure you are prepared with a calculator, paper, something to write with, and your shifters cheat sheet. This will be submitted via email immediately following our Zoom session. |
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Wednesday, April 22, 2020
Today: Supply & Demand and Elasticity of Demand Quiz
Those students in attendance at the Zoom session will take Quiz Z and submit via email immediately following the class with Your Name and Quiz Z in the subject line. This version of the quiz will only be available during the zoom session. Those students not in attendance at today's Zoom session will take Quiz W linked to the right (but not until after our zoom class ends) and then submit with Your Name and Quiz W in the subject line. ➡️ |
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Thinking at the Margin
and
Costs of Production
Thursday, April 23, 2020 |
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Today: Elasticity and Total Revenue
Incentives: What are they and how do they affect choices Thinking at the Margin: How thinking at the marginal analysis influences decision making |
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Friday, April 24,2020
The Costs of Production and Cost Curves see powerpoint ---> Production Decisions Worksheet ➡️ This worksheet is for practice purposes only and does not need to be turned in for credit |
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Monday, April 27, 2020
Today we will review the Costs of Production and how a firm sets production.
We will then go over the Production Decisions Worksheet you began and hopefully attempted to complete on Friday of last week. We will also view together as a class the two videos posted about from Mr Clifford at AC/DC Economics. Costs of Production and Cost Curves. Your homework will be the Costs of Production Worksheet. You will need to use the reading from Ch 5 Sec 2 to complete this work. Linked to the right you will see both the reading and the worksheet➡️ |
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Today we will practice determining the Costs of Production
using the powerpoint linked to the right➡️ You do not need to turn this is. If you haven't already done so you should complete and submit your Costs of Production Worksheet from yesterday. |
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Competition and Monopolies
Wednesday, April 29, 2020
Today we will analyze how competition influences a market
through the following activities: Competition and Monopolies Power point linked to the above right➡️ Article: How an ad campaign invented the diamond engagement ring linked in the DeBeers Diamond button to the right ➡️ AC/DC Econ: Perfect Competition in the short run and Perfect Competition in the long run; both ⬇️⬇️ |
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Thursday, April 30, 2020Bellwork: AC/DC Economics MR=MC ➡️
Competition and Monopolies pt. 2 (Oligopolies) Powerpoint: linked directly below ⬇️
AC/DC Econ: Monopolies have ➡️ Please take the one questionSurvey linked below ⬇️. Just click the button that says Tech Survey. ⬇️ |
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Friday, May 1, 2020
Today you will be doing a Vocabulary Check
- Definitions are provided; you need to fill in the correct word that goes with each definition.
- You may use your vocabulary lists and definitions to complete this quiz, but challenge yourself and see how much you can do without looking at those things.
- Spelling counts.
- Please use only lower case letters; no capital letters.
- Click the button below to be directed to the quiz. GOOD LUCK!
Monday, May 4, 2020
Today we will be looking at the effects of competition (or lack thereof) on both consumers and producers. In particular, we will be looking at how competition affects a local gas station.
If you are in the Zoom session with us today, you do not need to turn in the worksheet since it will be the topic of our conversation. If you are/were unable to attend the session then you are responsible to complete and submit the worksheet attached to the right ➡️
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Tuesday, May 5, 2020
Today will will do some practice with graphing monopolies
Linked to the right is the power point we will be using for this practice ➡️ |
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Wednesday, May 6, 2020
Thursday, May 7, 2020
Today we will be beginning our Study Guide Review of Unit 2:
File is linked to the right ➡️ |
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Friday, May 8, 2020
Today we will complete our Unit 2: Supply & Demand Study Guide together. If you were unable to join our Thursday Zoom session then make sure you download the study guide which was posted yesterday and get yourself caught up. You will not need to turn in the Study Guide. This is for your review. However, you should absolutely do the entire study guide as it will be useful in our activity for Monday. Have a great weekend everyone!
Monday, May 11, 2020
Unit 2: Supply and Demand Test➡️
Beginning at 10:10 am 5/11 you will have access to this Google Form test, just click the button |
Unit Three
Trade and Finance
Tuesday, May 12, 2020 |
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Please download your Unit 3: Trade and Finance Vocabulary List ➡️
Hand write all words and definitions and submit via email |
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Wednesday, May 13, 2020
Today :We will be learning why nations trade by reviewing a powerpoint➡️
Watching the Crash Course:Imports and Exports Why Nations Trade power point ➡️ Reading Chapter 17 Section 1: Why Nations Trade➡️ And doing some guided notes ➡️ This assignment should be turned in via my email |
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Thursday, May 14, 2020
Today we will learn about Globalization by
Watching the Crash Course Video: Globalization➡️ We will also be doing a case study about Sanchez Electronics ➡️ This assignment should be turned in via my email |
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Friday, May 15, 2020
Today we learn how firms/nations decide what to produce and import vs export by view a powerpoint about Comparative Advantage ➡️
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Monday, May 18, 2020
Today we will complete the work we began on Friday Absolute and Comparative Advantage. See the power point link on Friday, May 15.
There will be no homework today, and there will be extra time during our Zoom class for any questions or concerns you may have.
There will be no homework today, and there will be extra time during our Zoom class for any questions or concerns you may have.
Tuesday, May 19, 2020
Today we will be learning about Trade Barriers and Agreement by going though the power point linked to the right ➡️
You will also be responsible for filling out the worksheet linked ➡️ Linked below are two videos associated with the power point ⬇️⬇️ |
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Wednesday, May 20, 2020
Today we will complete the Trade Barriers and Agreements power point that we began yesterday, May 19, if necessary and then with whatever time remains we will watch the Frontline PBS Documentary called Trump's Trade War. It is available on Youtube and is linked below as are the guided documentary notes that you will be responsible for completing and turning in to me.
Documentary Worksheet linked ⬇️ Movie lined ⬇️
Documentary Worksheet linked ⬇️ Movie lined ⬇️
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Thursday, May 21, 2020
Today we will finish watching Trump's Trade War which we began on Wednesday, May 20. You are responsible for completing the worksheet associated with the documentary and submitting it to me via email. Worksheet is linked above, as is the documentary.
Friday, May 22, 2020
Monday, May 25, 2020
Tuesday, May 26, 2020
Money
Today we will be discussing MONEY. Money is anything that serves as a medium of exchange, unit of account, and a store of value. Money therefore is the good that allows value to be stored and transferred. It is not actually money that people want but rather what money represents or they can get from that money. Money is a representation of value that we agree to accept and use to pay debts and make trade easier, thus avoiding the complicated and clumsy barter system.
There are six characteristics that economists use to judge how well an item serves as currency, they are: durability, portability, divisibility, uniformity, limited supply, and acceptability.
Economists have also identified three types of money based on where the money gets it's value; Commodity Money, Representative Money, and Fiat Money. See the powerpoint and videos below to learn more about the purpose of money and it's characteristics, the types of money, and how banks create money. 💰
There are six characteristics that economists use to judge how well an item serves as currency, they are: durability, portability, divisibility, uniformity, limited supply, and acceptability.
Economists have also identified three types of money based on where the money gets it's value; Commodity Money, Representative Money, and Fiat Money. See the powerpoint and videos below to learn more about the purpose of money and it's characteristics, the types of money, and how banks create money. 💰
Today we will be discussing Money (see the powerpoint to the ➡️)
As well as watching the Crash Course Money and Finance episode ➡️ See the video linked to the right to see how banks create money➡️ There is no work that has to be turned in today |
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Wednesday, May 27, 2020
The topic of discussion today will be Personal Finance (see the powerpoint to the right ➡️)
We will watch the video about Financial Literacy linked to the right ➡️ Your assignment is to complete the Financial Planning and Budgeting Pack which is linked to the right ➡️ You are required to turn this in to me via my email |
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Thursday, May 28, 2020
Todays Topic will be the Economics of Education and we will discuss if the Tassel is Worth The Hassle
Please complete the worksheet linked to the right➡️ and submit to me via email The article linked in the button to the right ➡️highlights Aptitudes and you might find it helpful in doing the assignment. It is an interesting read, but not required. |
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Friday, May 29, 2020
Today's topic will be the stock market. Posted to the right ➡️ you will find a power point about the stock market
Also linked to the right ➡️ is the video How the Stock Market Works Your homework is the worksheet attached to the right ➡️ Please submit to me via my email |
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Monday, June 1, 2020
Today's topic will be Risk and Reward and Investing
We will be doing these assignments together in class and they are not required to be submitted as homework. 😃 |
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Tuesday, June 2, 2020
Today's topic will be Taxes and Taxation
Please see the power point link to the right ➡️ |
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Wednesday, June 3, 2020
ATTENTION: The multiple choice final exam will be given on June 15 during our zoom class at 10:10 am. You must be in attendance in the zoom class to take this final exam. If you are not in attendance, you will be emailed a final exam essay.
Today will complete our discussion of Taxes and Taxation We will be watching the Crash Course Economics Video linked to the right ➡️ And you will be completing the Taxation packet linked to the right ➡️ You will need to submit your completed work to me via my email |
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Thursday, June 4, 2020
Today you will be taking your Unit 3: Trade and Finance Vocabulary
This link has been removed due to cheating. We will discuss this in tomorrow's zoom session. Ms Utterback |
Friday, June 5, 2020
Today's topic will be The Economics of the Coronavirus
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Monday, June 8, 2020
Today we will look at the idea of Game Theory
This is an extended learning opportunity and there is no homework for today
This is an extended learning opportunity and there is no homework for today
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Tuesday, June 9, 2020 - Friday, June 12, 2020
Final Exam Study Guide and Review
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Below is a list of topics you should have a clear understanding of as they WILL appear on the 2020 Final Exam
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Monday, June 15, 2020
You must be present at our Zoom session at 10:10 am to take the Final Exam
Economics Final Exam - Click the button to the right to be directed to the Final Exam ➡️ |
This link was only available during our Zoom session. If you missed the zoom session then you will need to email me for your individual Final Exam.
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