Glogster Activity

List at least five words that describe

you.
3 pictures that give an essence of
your personality.
www.glogster.com
Economics Day 3
Bellringer: Foldable on vocabulary words. Grab a piece of colored
paper from the front of the room. Fold it in half vertical style. Get your
notes from yesterdays vocabulary activity. Pick 6 words that you did
not know the understanding of and put them on your foldable.
Students will read Economic Survival: Resources, Production, and
Scarcity
Students will complete a 3-2-1
Class will play Pictionary in teams to learn the terms from todays
lesson.
Class will play the Fly Swatter game to practice the vocabulary terms.
Exit Slip: Pick one item you currently have in your possession. Name
the natural, human and capital resources used to make that item.
Achieve 3000.com article #1 If the Shoe Fits
Ecomonics Day 4
Economics Day 5
Economics Day 6
Agenda:
Bellringer: Define scarcity
and opportunity cost.
Create map displaying
features to identify how
people work and earn
income.
Review for exam
Take a pre-test
Achieve 3000.com
Exit Slip: Give an example
of an opportunity cost.
Standard:
Economics Day 7
Agenda:
Bellringer: Carousel Brainstorm
new vocabulary
Take test over indicator 1.1 and
1.2
Vocabulary Four Square(see
words next slide)
Grade review
Data Session
Achieve 3000.com If the Shoe
Fits
Exit Slip: What did you struggle
with on todays test? How can
you do better next time?
Standard:
VOCABULARY WORDS
TRADITIONAL
MARKET
COMMAND
MIXED ECONOMIES
ECONOMICS DAY 8

STANDARD:
Standard 1 Scarcity and Economic Reasoning
Students understand that productive resources
are limited; therefore, people, institutions, and
governments cannot
have all the goods and services they want. As a
result, people, institutions, and governments
must choose some
things and give up others.
Fundamental Economic
Questions
WHAT is produced?
HOW is it produced?
WHO consumes what
is produced?
Economics Day 9
Agenda:
Bellringer: Guessing game?
Post-test on economic
systems
Enter data on Google Drive
Pre-assessment
Why taxes?
Brainstorm/discuss
Pick a quotation and write
why you agree or disagree.
What if I finish early?
Purple folders
STANDARD:
Define progressive, proportional, and
regressive taxation and determine
whether different types of taxes
(including income, sales, and Social
Security) are progressive,
proportional, or regressive.
QUOTATIONS
151
The Congress shall have power to lay and collect
taxes, duties, imposts
and excises to pay the debts and provide for the
common defense and
general welfare of the United States.
United States Constitution, Article 1, Section 8
Taxes are the price we pay for civilization.
Oliver Wendell Holmes, Jr. (Inscription
carved
above the entrance to the Internal Revenue
Service building in Washington, D.C.)
To force a man to pay for the
violation of his own liberty is indeed
an
addition of insult to injury.
Benjamin Tucker (1890)
Not one cent should be raised unless
it is in accord with the law.
Napoleon Bonaparte (circa 1800)
Economics Day 10
Agenda:
Bellringer: Why do governments tax?
What are the purposes of taxes?
Foldable new vocabulary
Group activity on tax collection.
Class Discussion
Classifying activity together
If the Shoe Fits Achieve3000.com
Exit Slip: Which method of taxation
do you believe is appropriate? Why?
Finish early--Enter pre-assessment
data on taxes; purple folders
STANDARD:
Define progressive, proportional, and
regressive taxation and determine
whether different types of taxes
(including income, sales, and Social
Security) are progressive,
proportional, or regressive.
Economics Day 11
Bellringer: What tax do you
think is appropriate progressive,
proportional, and regressive?
Why?
Review vocabulary
Students will complete Tax Essay
Class Discussion
http://econ.glendale.edu/index.
php?tab=7 (Tax simulation)
Pre-assessment supply and
demand
Exit Slip: Rate your
understanding
finish early--Purple folders
STANDARD:
Define progressive, proportional, and
regressive taxation and determine
whether different types of taxes
(including income, sales, and Social
Security) are progressive,
proportional, or regressive.
Economics Day 12
Bellringer: What are progressive,
proportional and regressive
taxes?
Review for assessments
Take post-assessment
Enter data in google drive
Anticipation guide for supply
and demand on google drive
Video http://www.stlouisfed.
org/education_resources/econo
mic-lowdown-video-companion-
series/episode-1-supply/
Exit Slip: What are you
interested in learning about
supply and demand?

STANDARD:
Define progressive, proportional, and
regressive taxation and determine
whether different types of taxes
(including income, sales, and Social
Security) are progressive,
proportional, or regressive.
Economics Day 13 (9-15-14)
Agenda
Bellringer: Write in your own words the
meaning of supply? What is the meaning of
demand?
Watch video from The Hudsucker Proxy. http:
//www.youtube.com/watch?v=Ng3XHPdexNM
Read and complete GIST on the following
article. http://www.usatoday.
com/money/smallbusiness/2010-07-01-
sillybandz01_CV_N.htm
Foldable:Law of Supply, Law of
Demand, equilibrium price, surplus
and shortage.
If you finish early---workbooks
Exit Slip: Rate your understanding.
I can define supply and demand.
I can explain the causes of the Law
of Supply and the Law of Demand.
E.2.1 Define supply and demand and
explain the causes of the Law of
Supply and the Law of Demand.
Law of Supply and Law of
Demand
The Law of Supply states, that as the price of a good or
service that producers are willing and able to offer for sale
during a certain period of time rises (or falls), the quantity
of that good or service supplied rises (or falls).
The Law of Demand states, as the price of a good or
service that consumers are willing and able to buy during a
certain time period rises (or falls) the quantity of that good
or service demanded falls (or rises).
Vocabulary and Examples
Equilibrium is the price at which the quantity demanded
by buyers equals the quantity supplied by sellers also called
the market-clearing price.
At the equilibrium price every buyer finds a seller and every
seller finds a buyer.
A surplus is the situation that results when the quantity
supplied of a product exceeds the quantity demanded. This
generally happens because the price of the product is above
the market equilibrium price.
A shortage is the situation that results when the quantity
demanded for a product exceeds the quantity supplied. This
generally happens because the price of the product is below
the market equilibrium price.
Economics Day 14 (09-17-14)
Agenda:
Bellringer: Zondle--Need a ThinkPad
Play dough economics supply and
demand changes in market supply.
Indiana Jones Supply and Demand
https://www.youtube.com/watch?
v=RP0j3Lnlazs&safe=active
Exploration of the Law of Demand
Exit Slip: Rate Your Understanding
I can identify factors
that cause changes in
market supply and
demand.
E.2.2 Identify factors that
cause changes in market
supply and demand and
how these changes affect
price and quantity in a
competitive market.
Economics Day 15 (09-19-14)
Agenda:
Play zondle
Bellringer: Google docs
quiz on vocabulary words.
Disaster Zone simulation
Balance in the Marketplace
Exit Slip: What do you
know about how prices send
signals to buyers and
sellers?
I can describe how prices
send signals to buyers and
sellers.
E2.4 Identify factors that
cause changes in market
supply and demand and how
these changes affect price and
quantity in a competitive
market.
Question for Disaster Zone
Do you think Mr. Green's solution was fair? Can you think of other ways water could have been distributed? Would you have
purchased the water at the price Mr. Green charged?
What are the advantages to a seller who uses this pricing strategy?
What are the disadvantages?
What do you think will happen to Mr. Green's business over the long-
term, when the disaster is over and the water supply is restored?
Get together with the person sitting next to you and answer the following questions on paper (write one paragraph or less per
question):
Answer each question in one paragraph or less.
1. How do fluctuations in levels of supply and demand affect prices?
2. What can happen when demand for something is extremely high and the supply is extremely low?
3. What are some of the ways in which scarce supplies can be distributed?
Vocabulary Words
inferior goods
normal goods
ceteris paribus
complementary goods
demographics
law of supply
law of demand
Day 16 (9-23-14)
Agenda:
Bellringer: Define consumerism in
your own words? What is a
consumer?
Consumerism in the 1920s Activity
1920 items/new items
Achieve3000 Article: Hard Times,
More Chips & Graphic Organizer
Exit Slip: Pick a product from the
1920s. How has it changed since
then?
If you finish early vocab on www.
zondle.com
I can define
consumerism.
Standard:
E2.5 Recognize that
consumes ultimately
determine what is produces
in a market economy
(consumer sovereignty).
Day 17 (9-25-14)
Agenda:
Bellringer: How are consumers
related to supply and demand?
Equilibrium Video: http://www.
stlouisfed.
org/education_resources/econo
mic-lowdown-video-companion-
series/episode-3-equilibrium/
Equilibrium Activity
Exit Slip: What did you learn
from the news articles you read
today?
Finish early complete a prezi and the
following main topics from this unit: supply,
demand, equilibrium, disequilibrium.
I can recognize how changes in
supply and demand influence
equilibrium price and quantity.
I can define equilibrium and
disequilibrium.
E.2.7 Demonstrate how changes
in supply and demand influence
equilibrium price and quantity in
the product, resource, and
financial markets.
Day 18 9-29-14
Agenda
1.) VIDEO ON SUSHI AND QUESTIONS
http://www.cbsnews.com/news/the-
king-of-sushi/
2.) SIMULATION ON PRICE OF SUSHI
3.) GOOGLE ASSESSMENT ON
SIMULATION
4.) ACHIEVE 3000.COM MILK PRICES RISE
5.) IF YOU FINISH EARLY BASIC
ECONOMICS SKILLS WORKBOOK.
6.) EXIT SLIP: WHAT DID YOU LEARN
TODAY ABOUT PRICE, SUPPLY AND
DEMAND.
Standards
E 2.5 Describe how elasticity
(price)sends signals to buyers and
sellers.
Objectives
1 I can explain that supply and
demand are the factors that
determine the market price of a good.
2 I can describe why some goods are
more expensive than others.
3 I can read the graph of supply and
demand curves from data.
Day 19 10-7-14
Agenda
Pre-test Unit 3
Price elasticity video--https://www.
youtube.com/watch?
v=VhKI8cOaYLI
Price elasticity: From Tires to
Toothpicks Simulation--visit your
google documents to find the link
and complete the activity.
Make a prezi with the following
review items for the exam in your
own words: supply, demand,
suprlus, shortage
HR Block Challegne
Standards
E 2.5 Describe how elasticity (price)sends
signals to buyers and sellers.
Objectives
I can apply the law of demand to the price
elasticity of demand.
I can define price elasticity of demand.6 I can
understand the factors that determine whether
the price elasticity of demand is elastic or
inelastic.
I can compare the elasticities of different goods.
Day 20 10-9-14
Bellringer: Zondle review of
vocabulary terms, class code:
32575-76502
Review game kahoot.it
Post-test Unit 2
Achieve 3000.com Microsoft Must
Pay
Exit Slip: What is the coolest thing
you have learned so far in
Economics?
If you finish early work on the
Economic concepts workbook.
Extra Credit Restroom Passes
Enter test data into google
drive..
I can explain that supply and demand are the factors that determine the market
price of a good.
I can describe why some goods are more expensive than others.

I can read the graph of supply and demand curves from data.
I can apply the law of demand to the price elasticity of demand.
I can define price elasticity of demand.
I can understand the factors that determine whether the price elasticity of demand is
elastic or inelastic.
I can compare the elasticities of different goods.
I can define consumerism.
I can recognize how supply and demand influence equilibrium prices and quantity.
I can define equilibrium and disequilibrium.
Standards
Define supply and demand and explain the causes of the Law of Supply and the Law
of Demand.
Recognize that consumers ultimately determine what is produced in a market
economy.
Illustrate how supply and demand determine equilibrium price and quantity.
Identify factors that cause changes in market supply and demand and how these
changes affect price and quantity in a competitive market.
Describe how elasticity (price)sends signals to buyers and sellers.
Day 21 10-14-15
Bellringer: Foldable on the following
vocabulary--stock market, bonds,
corporations, sole proprietorship,
partnership (write the definition of each and
draw a picture to help you remember the
meaning)
Watch the video on ways firms raise
financial capital--http://www.stlouisfed.
org/education_resources/tools-for-
enhancing-the-stock-market-game-invest-it-
forward/understanding-capital-markets/
Complete knowledge check and write down
scores https://bts.stlouisfed.org/sifma/index.
php
You must score an 80% or higher. You must
continue to take it until get 80%.
Go to google drive and complete the activity
on advantages and disadvantages of small
business loans, stock and bonds
Exit Slip: In your opinion what is the best
way that firms raise financial capital? Why?
I can identify the ways firms raise
financial capital.
I can explain the advantages and
disadvantages of each.
Standards
E 3.1
Identify the ways that firms raise
financial capital and explain the
advantages and disadvantages of
each.
Day 22 10-16-14
Bellringer: What are the ways that firms can
raise capital?
Watch the video on ways firms raise
financial capital--http://www.stlouisfed.
org/education_resources/tools-for-
enhancing-the-stock-market-game-
invest-it-forward/understanding-capital-
markets/
Complete knowledge check and write
down scores https://bts.stlouisfed.
org/sifma/index.php
You must score an 80% or higher. You
must continue to take it until get 80%.
Go to google drive--Take each chart
that you made and write a summary
paragraph. I do We do You do
If you finish early please check your
EVSC gmail for H&R Block emails on
the simulation.
Exit Slip: In your opinion what is the
best way that firms raise financial
capital? Why?
I can identify the ways firms raise
financial capital.
I can explain the advantages and
disadvantages of each.
Standards
E 3.1
Identify the ways that firms raise
financial capital and explain the
advantages and disadvantages of
each.
Day 23 10-20-14
Bellringer: Using the chart from the board on
advantages and disadvantages of selling bond. Write a
summary paragraph of the information.

Kahoot Unit 3 Game together--You will need you
Think Pad. website: kahoot.it
Video on market structures--https://www.youtube.
com/watch?v=9Hxy-TuX9fs
Write in 20 words or less what the main point(s) of
this video in your own words.
Learn new vocabulary by going to the following
website; complete flashcards and then a matching
game--http://dynamo.dictionary.
com/517655/economics-market-
characteristics#&slider1=1
Start simulation on market structures.
Class discussion/ Power Point on market structure
and complete chart on google drive.
Exit Slip: Pick one market structure and define it.
I can explain the advantages and disadvantages
of each.
I can define the four market structures.
I can compare and contrast the basic
characteristics of the four market structures.
Standards
E 3.1
Identify the ways that firms raise financial capital
and explain the advantages and disadvantages
of each.
E 3.3
Compare and contrast the basic characteristics
of the four market structures: monopoly,
oligopoly, monopolistic competition, and pure
competition; explain how various amounts of
competition affect price and quantity.
Day 24 10-22-14
Bellringer: Achieve 3000.com China
Reaching New Heights
Class watches video together;
complete quiz on your own.
http://www.econedlink.org/interactives/EconEdLink-interactive-
tool-player.php?iid=208
Review vocabulary on the following
website:
http://dynamo.dictionary.com/517655/economics-
market-characteristics#&slider1=1
Complete chart from google drive on market structures.
If you finish early work on your Economics workbook
pages 24-27.
Exit Slip: Pick two market structures and tell two things
that are different about each.
I can define the four market
structures.
I can compare and contrast the
basic characteristics of the four
market structures.
E 3.3
Compare and contrast the basic characteristics
of the four market structures: monopoly,
oligopoly, monopolistic competition, and pure
competition; explain how various amounts of
competition affect price and quantity.
Day 25 10-24-14
Bellringer: Have you ever played monopoly?
What is the objective of monopoly? How do you
win?
Find a partner or a group of 3. Students will
complete Board Game Activty.
PowerPoint instruction and notes.
Is This a Monopoly Activity?--in class
Students will analyze antitrust case in the U.S. --
in partners or alone
Exit Slip--What is one natural monopoly in our
community? How do they have control of the
market?
I can recognize the benefits of natural
monopolies.
I can explain the purposes of
government regulation on these
monopolies.
Standard:
Recognize the benefits of natural
monopolies (economies of scale) and
explain the purposes of government
regulation of these monopolies.
Natural Monopoly
An industry in which the advantages of large-scale production
make it possible for a single firm to produce the entire output
of the market at a lower average cost than a number of firms
each producing a smaller quantity.
Monopoly
A natural monopoly is a specific type of monopoly that can arise
when there are very high fixed costs or other barriers to entry in
getting started in a certain business or delivering a product or
service. This creates a situation where it is more efficient for one
business to deliver a product than multiple businesses. In these
situations, there are often government regulations to prevent high
prices and corruption. This efficiency results in lower average costs
for us.
Can you think of an industry that would be difficult to enter because
it would require huge start-up costs? One example may be the gas
utility company that you pay to heat your home and water. Can you
imagine all the land, facilities, machinery and technology you would
have to purchase, as well as all the pipelines you would have to lay,
to start in this business? These extremely high capital costs are
often referred to as barriers to entry. Barriers to entry, such as
high start-up costs, specialized technology, or difficult licensing and
regulation requirements in an industry, limit the number of possible
entrants into the industry. It is simply too expensive and risky to get
started.
Let's take a look at some natural monopolies that you are very
familiar with.
Examples
Water Services - An example of a natural monopoly is the
company that provides the water we drink out of the kitchen faucet.
To have two, three, or four companies all lay pipes throughout the
city and into every home would be inefficient and a waste of money.
All of these additional costs from companies to lay the proper
infrastructure, have their own treatment facilities, and hire their own
staff would certainly raise the price you pay for water services. This
is a classic situation where lower average costs are created when
there is only one provider.
Day 26 10-28-14
Bellringer: Name a natural monopoly
in our community. Explain how they
are a natural monopoly.
Pre-test Unit 4
Kahoot.it review game on Unit 3
Brain Break
Exam on Unit 3
Exit Slip: What do you think we will
be studying in Unit 4?
If you finish early work on H&R
Block Simulation
E 3.1
Identify the ways that firms raise financial
capital and explain the advantages and
disadvantages of each.
E 3.3
Compare and contrast the basic characteristics
of the four market structures: monopoly,
oligopoly, monopolistic competition, and pure
competition; explain how various amounts of
competition affect price and quantity.
E 3.4
Recognize the benefits of natural monopolies
(economies of scale) and explain the purposes of
government regulation of these monopolies.
I can recognize the benefits of natural monopolies.
I can explain the purposes of government regulation on these
monopolies.
I can define the four market structures.
I can compare and contrast the basic characteristics of
the four market structures.
Day 27 10-30-14
Bellringer: KWL chart on money. What do you
know? What do you want to know?
Watch the following video and create a foldable
while watching it: unit of exchange, unit of
account, store of value.
http://education-portal.com/academy/lesson/the-
four-basic-functions-of-money.html#lesson
What Is Money? Why Does It Have Value?
Whats it Worth?
The Characteristics of Money?
Achieve 3000.com
Right on the Money--teach how to use the
graphic organizer of key points while reading;
previewing text and visual features
Exit Slip: What have you learned?
If you finish early work on H&R Block
simulation.
I can explain the basic
functions of money.
Standard:
Explain the basic
functions of money.