welcome

Welcome to Econ with Mrs. Davenport!

This page is updated regularly with class announcements, daily/weekly agendas, and homework assignments.  Scroll down to see what’s happening this week and to see what we did last week.
If you need to contact me,  please email me at davenport_cm@elps.us.
The link for the online textbook is: http://www.glencoe.com/ose     |     The access code for the online textbook is: EB00BAD22F
Starting the week of February 4th, First Hour Econ will meet on Mondays, Wednesdays, and Thursdays for students who have an 80% or better. If you have less than an 80%, you will be expected to attend class EVERY DAY.
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week 17: may 20-24 (last week!)

1 Week Left for Seniors! 

 Monday, 5/20

Agenda:

1st Hour

1. Exam review on your own/with classmates

2. Finish Portfolio (we’ll be in the Library)

2nd Hour

1. Investment Portfolio (resources can be found on this page)

HW:  Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

 Tuesday, 5/21

Agenda:

1st Hour

1. Exam Review – Jeopardy

Links to the game: Part 1  | Part 2

2nd Hour

1. Investment Portfolio (resources can be found on this page)

HW: Exam on Weds for 1st hour; Portfolio Due Wednesday, 5/22 (2nd hour)

Objective: review for the final exam; create an investment portfolio to save for retirement and other items that you hope to buy in the future.     

 Wednesday, 5/22

Agenda: 

1st Hour

1. Final Exam on Moodle 

2nd Hour

1. Portfolio due today either printed or on Moodle

2. Exam review on your own/with classmates

HW: Final Exam on Friday

Objective:  assess your learning; review for the final exam

 Thursday, 5/23

Agenda: 

2nd Hour

1. Exam Review – Jeopardy

HW: Final Exam tomorrow on Moodle

Objective: review for the final exam

 Friday, 5/24

Agenda:

2nd Hour

1. Final Exam on Moodle

HW: 

Objective: assess your learning

Woohoo!  You made it!

 

week 16: may 13-17

2 Weeks Left for Seniors! 

 Monday, 5/13

Agenda:

1. Investment Portfolio (resources can be found on this page)

Any missing work you may have is due Friday, 5/17!

HW:  Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

 Tuesday, 5/14

Agenda:

1. Investment Portfolio (resources can be found on this page)

Any missing work you may have is due Friday, 5/17!

HW: Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.     

 Wednesday, 5/15

Agenda: 

1. Investment Portfolio (resources can be found on this page)

Any missing work you may have is due Friday, 5/17!

HW: Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective:  create an investment portfolio to save for retirement and other items that you hope to buy in the future.

 Thursday, 5/16

Agenda: 

1. Investment Portfolio (resources can be found on this page)

Any missing work you may have is due Friday, 5/17!

HW: Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

 Friday, 5/17

Agenda:

1. Investment Portfolio (resources can be found on this page)

Any missing work you may have is due today!

HW: Portfolio Due Monday, 5/20 (1st Hour) & Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

Investments are great!

investments

week 15: may 6-10

3 Weeks Left for Seniors! 

 Monday, 5/6

Agenda:

1. Business Cycles Reading Guide (1st hour only)

2. Federal Reserve Notes

3. The Fed in Plain English video

4. The Fed Chairman online game

HW:  none

Objective: explain the purpose of the Federal Reserve.

 Tuesday, 5/7

Agenda:

1. The Fed Chairman online game

2. Monetary Policy, the Fed, and current events Moodle Post – due Thursday, 5/9

HW:  Moodle post due Thursday, 5/9

Objective:explain the purpose of the Federal Reserve and differentiate between the tools it uses to help the economy.     

 Wednesday, 5/8

Agenda: 

1. Fed Scenarios on whiteboards

2. Review GDP, Inflation, Unemployment, Business Cycles, the Fed (presentations/skits in small groups)

3. Investment Portfolio Explanation

HW: Moodle post due Thursday, 5/9, Unit 4, Macroeconomics Quiz tomorrow (Thurs, 5/9)

Objective:  explain the purpose of the Federal Reserve and differentiate between the tools it uses to help the economy.

 Thursday, 5/9

Agenda: 

1. Unit 4, Macroeconomics Quiz

2. Work on Investment Portfolio

HW: Moodle post due tonight at midnight. Portfolio due Monday, 5/20 (1st Hour) and Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

 Friday, 5/10

Agenda:

1. Work on Investment Portfolio

Any missing work you may have is due by Friday, 5/17

HW: Portfolio due Monday, 5/20 (1st Hour) and Wednesday, 5/22 (2nd hour)

Objective: create an investment portfolio to save for retirement and other items that you hope to buy in the future.

Ahh… sweet dreams of the Federal Reserve.

fed

week 14: april 29 – may 3

4 Weeks Left for Seniors! 

 Monday, 4/29

Agenda:

1st Hour

1. Inflation Auction and Notes

2. Royalty for a Day Game

3. Who is helped/hurt by inflation (due Wed, 5/1)

2nd Hour

1. Inflation Scenarios

2. Royalty for a Day Game

3. Who is helped/hurt by inflation

HW:  Who is helped/hurt by inflation assignment due Wed, 5/1

Objective: Analyze the different types of inflation and explain in different scenarios who would gain from it and who would be hurt by it.

 Tuesday, 4/30

Agenda:

1st Hour

1. Finish Who is helped/hurt by inflation assignment (I forgot to give this out – we will do it in class on Weds)

2. Inflation Examples Post on Moodle

2nd Hour

1. Finish Who is helped/hurt by inflation assignment

2. Create scenarios for each type of inflation

3. Review Inflation types, helped/hurt, and GDP components

HW:  none

Objective:  Analyze the different types of inflation and explain in different scenarios who would gain from it and who would be hurt by it.    

 Wednesday, 5/1

Agenda: 

1. Finish Royalty for a Day

2. Who is helped/hurt by inflation assignment

3. Unemployment notes and videos

4. Types of unemployment scenarios

5. Current news on unemployment

HW: none

Objective:  Differentiate between the different types of unemployment.

 Thursday, 5/2

Agenda: 

1. Current news on unemployment

2. Review GDP, inflation, and unemployment

3. Begin business cycles chart

4. Business cycles – diagram and reading guide

HW: none

Objective: explain how a business cycle works and how it relates to unemployment, inflation, and GDP.

 Friday, 5/3

Agenda:

1. Finish Business Cycles Reading Guide

2. Macroeconomics indicator questions – on Moodle (due Monday)

3. Read this article on fiscal and monetary policy (about the Federal Reserve System)

4. Watch the 2 videos on the class website about the Federal Reserve

HW: Macroeconomics indicator questions – on Moodle.

Objective:  explain how a business cycle works and how it relates to unemployment, inflation, and GDP. Explain the purpose of the Federal Reserve.

Macroeconomics and the Federal Reserve might not be quite as exciting as jumping in puddles, but they’re still pretty interesting.

the fed

week 13: april 22-26

 5 Weeks Left for Seniors! 

 Monday, 4/22

Agenda:

1. Wealth Inequality in America video and discussion

2. Discuss the pros/cons of government involvement in the US and find a relevant news article to support your point.  Post it in Moodle and answer one of the questions in Moodle under Gov’t Involvement in the American Economy.

HW:  Post due Tuesday

Objective: Explain the role you think the US government should have in the American economy based on evidence to support your point.

 Tuesday, 4/23

Agenda:

1st Hour

1. Go through the GDP Slide (print it if you want it for notes)

2. Watch GDP Video

3. Complete the GDP Country Comparison Chart – due Thursday

2nd Hour

1. Chapter 9/10 Quiz (Taxation and Spending)

2. GDP Slide/Notes

3. GDP scenarios

HW:  Quiz closes Friday, 4/26; country comparison chart due Thursday in class (1st hour)

Objective:  Explain the different parts of GDP and how GDP is a reflection of a nation’s economic health.

 Wednesday, 4/24

Agenda: 

1st Hour

1. Chapter 9/10 Quiz – closes Friday, 4/26

2. Components of GDP review

3. GDP scenarios

2nd Hour

1. GDP scenarios

2. Where is GDP counted

3. GDP Country Comparison in groups

HW: Quiz closes Friday, 4/26; country comparison chart due Thursday in class (1st hour)

Objective:  Differentiate between the components of GDP and determine when an item is counted in a country’s GDP.  Compare the GDP of different countries and explain how it’s a reflection of a nation’s economic health.

 Thursday, 4/25

Agenda: 

1st Hour

1. GDP Scenarios

2. Where is GDP Counted

3. Discuss GDP country comparison charts

4. Absolute and comparative advantage video and questions (if we don’t get to this, it will be HW for Friday)

2nd Hour

1. Finish country comparison

2. Absolute and Comparative Advantage Video and Questions

3. GDP review scenarios on Moodle

4. Inflation Auction (if time)

HW: none

Objective: Differentiate between the components of GDP and determine when an item is counted in a country’s GDP.  Compare the GDP of different countries and explain how it’s a reflection of a nation’s economic health.

 Friday, 4/26

Agenda:

1st Hour

1. Comparative Advantage and Trade video and questions in Moodle (GDP and Comparative Advantage and Trade) – only if we didn’t finish in class on Thursday. This assignment won’t be open if we finished it yesterday.

2. GDP Practice Assignment in Moodle – due Monday, 4/29 @ midnight

3. Market Basket Assignment (on paper) – due Monday, 4/29 in class

2nd Hour

1. Inflation Auction

2. Market Basket Assignment/online calculator

3. Inflation Notes

HW: GDP practice due Monday @ midnight; market basket assignment due in class on Monday.

Objective:  define inflation, differentiate between the different types of inflation, and explain why inflation happens.

All this talk of GDP and Inflation is exhausting.

inflation

week 12: april 15-19

 6 Weeks Left for Seniors! 

 Monday, 4/15

Budget Project Due Today!

Agenda:

1. Government spending – categories/types and examples

2. Examine the US Debt Clock

3. 10.1-10.3 Reading Guide

HW:  Reading Guide due Wednesday, 4/17

Objective: Explain the categories of gov’t spending and give examples of each. Give examples of ways gov’t spending affects you directly.

 Tuesday, 4/16

Agenda:

1. Read the Government Spending Article assigned to you. You can find your article assignment and your group assignment below:

2. Write a short summary of your article and post it on the Padlet link assigned to your group (see the links above to find your group’s Padlet link).  Add in a picture or graph that supports your summary.  Feel free to do any design you like on your Padlet.

3. Answer the questions that go with your article on your group Padlet. The Questions can be found here.

4. Answer Question 10 on the Padlet.

HW:  Padlet Summaries and Questions due Thursday, 4/18

Objective:  Differentiate between mandatory and discretionary spending; explain how the national debt and budget deficit differ; identify where the majority of tax dollars come from.

 Wednesday, 4/17

Agenda: 

1. Discuss the US Government’s Budgeting process and the role the gov’t should play in the economy

2. Government Budgeting Simulation

HW: Padlet Summaries and Questions due Thursday, 4/18

Objective:  Differentiate between mandatory and discretionary spending; create a realistic budget for the US government. 

 Thursday, 4/18

Agenda: 

1. Work on US Gov’t budget simulation and present your budget to the class

2. Discuss current issues with the budgeting process: fiscal cliff, sequestration, continuing resolutions, debt ceilings

HW: none

Objective: Differentiate between mandatory and discretionary spending; create a realistic budget for the US government.

 Friday, 4/19

Agenda:

1. Work on the Deficit Spending and National Debt assignment on Moodle (balance the budget online, read an article, answer 3 questions on Moodle)

HW: Moodle questions due Monday.

Objective:  attempt to balance the federal budget and then explain whether or not you think it’s necessary to do so right now, or if we should be deficit spending.

Government Spending is simple, like reading a Dr. Seuss book…oh wait.

gov't spending

week 11: april 8-12

 7 Weeks Left for Seniors! 

 Monday, 4/8

Agenda:

1. Discuss progress on the budget project (due Thur, 4/11)

2. Why do we have taxes discussion

3. Principles and types of taxation notes

4. What is fair taxation news article and scenarios

5. How to measure tax fairness

HW:  Budget Project due Thursday, 4/11; How to measure tax fairness due Weds (1st hour) and Tues (2nd hour)

Objective: Explain why we have taxes and the basic principles behind the American taxation system. 

 Tuesday, 4/9

Agenda:

1st Hour

1. How to measure tax fairness

2. 9.1/9.2 Optional Reading Guide

3. Types of taxes chart (do 4 of them)

2nd Hour

1. How to measure tax fairness

2. Regressive, Progressive, Proportional Taxes Hands on lessons

HW:  Project Due Thursday, 4/11

Objective:  Explain why we have taxes and the basic principles behind the American taxation system; define and differentiate between the different types of taxes.

 Wednesday, 4/10

Agenda: 

1st Hour

1. Regressive, Progressive, Proportional Taxes Hands on lessons

2. Work in groups to complete Tax Chart together

2nd Hour

1. Types of taxes chart in groups

2. 9.1/9.2  Reading Guide

 

HW: Project due Thursday, 4/11

Objective:  Explain why we have taxes and the basic principles behind the American taxation system; define and differentiate between the different types of taxes.

 Thursday, 4/11

Agenda: 

1. BUDGET PROJECT DUE TODAY! 

2. Tax Poster

HW: Tax Poster due Monday (1st Hour); Friday (2nd hour)

Objective: analyze a tax, explain the principle it’s based on, the type of tax it is, and its benefit to and affect on American society.

 Friday, 4/12

Agenda:

1. Tax Poster

HW: Tax Poster due Monday (1st Hour); Friday (2nd hour)

Objective:  analyze a tax, explain the principle it’s based on, the type of tax it is, and its benefit to and affect on American society.

Ugh…Taxes.

taxes

week 10: march 25-28

 

 Monday, 3/25

Agenda:

1st Hour

1. Chapter 7 Quiz(Market Structures and Failures) 

2. Budget Project

2nd Hour

1. Budget Project

HW:  Project due Thursday, 4/11

Objective: Create a realistic budget for your life after you graduate and start your first career.

 Tuesday, 3/26

Agenda:

1. Work on Budget Project 

HW:  Project Due Thursday, 4/11

Objective:  Create a realistic budget for your life after you graduate and start your first career.

 Wednesday, 3/27

Agenda: 

1. Work on Budget Project

HW: Project due Thursday, 4/11

Objective:  Create a realistic budget for your life after you graduate and start your first career.

 Thursday, 3/28

Agenda: 

1. Work on Budget Project

HW: Budget Project due Thursday, 4/11

Objective: Create a realistic budget for your life after you graduate and start your first career.

 Friday, 3/29

Agenda:

No School – Spring Break!

HW: Budget Project due Thursday, 4/11

Objective:  enjoy your break!

Benjamin might be a fireman when he grows up…or a truck driver.budget

week 9: march 18-22

 

 Monday, 3/18

Agenda:

1. Market structures – review types

2. Market structure scenarios on whiteboards

3. Market structure articles in groups

HW:  none

Objective: differentiate between the different types of market structures

 Tuesday, 3/19

Agenda:

1st Hour

1. Analyzing Markets Assignment

2nd Hour

1. Finish market structure articles

2. Analyzing markets assignment

HW:  Analyzing markets assignment due Thursday

Objective:  analyze the differences between the different market structures and the differing characteristics of each and apply it to real world markets.

 Wednesday, 3/20

Agenda: 

1. Finish market structure articles (1st hour)

2. Market failures/graphic organizers with examples

3. Market failures scenario slides

HW: none

Objective:  explain the effects each of the market failures have on producers and consumers

 Thursday, 3/21

Agenda: 

1. Markets Failures Skit

2. Recent market failures assignment

3. Quiz review

4. Career Planning and Preparation for Budget Project

HW: Ch 7 Quiz on Friday (2nd hour) and Monday (1st hour)

Objective: explain the effects each of the market failures have on producers and consumers

 Friday, 3/22

Agenda:

1st Hour

1. Finish Career Planning & Preparation Packet – Due Monday, 3/25

2nd Hour

1. Chapter 7 Quiz

2. Career Planning and Preparation Packet – due at end of class Monday, 3/25

HW: Career Planning and Prep packet; quiz closes Monday, 3/25

Objective:  Assess your understanding of markets and market failures; prepare for the budget project and get a realistic view/plan of what you might want to do when you graduate college/high school

Apparently large sunglasses are popular among toddlers too.  Market win.

marketing win

week 8: mar 11-15

 

 Monday, 3/11

Agenda:

1. Price Floors and Ceilings Video and create examples in groups

2. How markets allocate resources practice problems (S and D on the same graph)

3. Quiz Review

HW:  Chapter 5 & 6.2 Quiz on Tuesday (2nd Hour) and Wednesday (1st Hour)

Objective: explain how price is determined in a market and the effect price ceilings and floors have on a market; analyze the interactions between Supply and Demand

 Tuesday, 3/12

Agenda:

1st Hour

1. Watch the market structures videos (there are 5 of them), or read Chapter 7.1 in the online book.

2. Complete the Market Structures Reading Guide.

2nd Hour

1. Chapter 5 & 6.2 Quiz

2. Market Structures spectrum (if time)

HW:  Quiz closes Friday, 3/15 at midnight

Objective:  analyze the interactions between Supply and Demand; define and differentiate between the characteristics of the four different market structures.

 Wednesday, 3/13

Agenda: 

1st Hour

1. Chapter 5 & 6.2 Quiz

2. Market Structures Spectrum

2nd Hour

1. Market Structures spectrum

2. Complete the Market Structures Reading Guide.

HW: Quiz closes Friday, 3/15 at midnight

Objective:  analyze the interactions between Supply and Demand; define and differentiate between the characteristics of the four different market structures.

 Thursday, 3/14

Agenda: NO CLASS

1/2 DAY FOR HOURS 4-6

HW: none

Objective:

 Friday, 3/15

Agenda:

NO SCHOOL 

HW: ENJOY YOUR LONG WEEKEND!

Objective:   

There  are a lot of differences between the different types of markets.

market structures