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MS Teams Meeting

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Economics
Mrs. Palmer

Fall 2020

Glossary

Adam Smith's Ideas Changed the World

REGULAR ECONOMICS

AP/IB ECONOMICS

August 3

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The society that puts equality before freedom will end up
with neither.

Milton Freidman
 

***Feel free to use any of the resources on this page to answer the quiz questions.....Textbook, Power Points, Glosaary***

 

AP ASSIGNMENTS

  • Basic concepts in Economics for AP/IB Students

  • LESSON

    ASSIGNMENT

    • Start a Google Doc word processing file
      Answer these questions on your Google Doc

      • 1. Define scarcity

      • 2. Define Economics

      • 3. Identify the relationship between scarcity and choices

      • 4. Explain how Macroeconomics is different than Micro

      • 5. Explain the difference between positive and normative economics

      • 6. Identify the 5 main assumptions of Economics

      • 7. Give an example of marginal analysis

      When the entire assignment is complete, email to Mrs. Palmer at the address below OR send it online to: AP REFLECTIONS

    • :

      Do not email individual questions, email all questions in one document

August 10

Image result for the invisible hand
The Invisible Hand

AP ASSIGNMENTS

  • Basic concepts in Economics for AP/IB Students

  • LESSON

    • Economic Systems (3).pdf
      (study this pdf file)

      1. Review the PowerPoint Presentation, "Economic Systems"

      2. Pick up textbooks from the library.

      3. Using the Text, Economics for the IB Diploma, Read and take notes on Ch 1: The foundations of economics, pages 1-16.  Make sure your notes include all figures, for example the Production Possibilities Curve (PPC) page 5.

      4. Watch, "The Secret State of North Korea" and write a one-page essay comparing Communism to the Free Market.  Due Friday:

    • NORTH KOREA VIDEO <<<<<Watch

    • TRANSCRIPT OF THE VIDEO<<<<Read

    ASSIGNMENT

 

August 17

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Assignments

1.  Take the Chapter 2 Test 

2.  Watch "The Secret State of North Korea"  and write a one-page essay (reflection) comparing communism to the Free Market economies. 

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AP Assignments

 

  1. Explain relationship between scarcity and choices
  2. Differentiate between positive & normative
  3. Differentiate between price and cost \
  4. Differentiate between consumer and capital goods
  5. Differentiate between command economies and free market economies
  6. Give examples of each of the 4 Factors of Production
  7. Define human capital
  8. Define tradeoffs
  9. Define opportunity cost

Mrs. Palmer Video Presentation

  • Using the Text, Economics for the IB Diploma, Read and take notes on Ch 2: Competitive Markets: Demand & Supply", pages 20-32; 39-44 (starting with section 2.6 on pg 39).  Make sure your notes include all figures, for example, the demand curves on page 23, labels included.  (Due on Tuesday, August 25)

  • Click to submit assignment

 

August 24

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Is America Number One?
Is America Number One?
  • LESSON
  • ASSIGNMENT
    • Take notes while watching the video then complete the assignment below
    • Is America Number 1
    • Since you are AP and IB students we expect a more in-depth analysis of the ideas put forth in the video
    • Using the Text, Economics for the IB Diploma, Read and take notes on Ch 3: "Elasticities", pages 47-71.  Make sure your notes include all figures, labels included. Include Table 3.4 on page 71 in your notes (Due on Tuesday, September 1)
       

  • Study the following Power Points

August 31

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Ch 3, The Free Enterprise System
Production Possibilities

September 8

"Click to watch the video"

LESSONS FROM AFRICA

There is a law in politics and economics called the "law or unintended consequences." It means that sometimes the best of intentions can have the opposite political or economic effects.

After watching the video (on the left), write a paragraph to explain the effects of "free markets" on third world countries. Are they important or not as important as the video suggests.

 

LESSONS FROM AFRICA

There is a law in politics and economics called the "law or unintended consequences." It means that sometimes the best of intentions can have the opposite political or economic effects.

After watching the video (on the left), explain the effects of "free markets" on third world countries. Are they important or not as important as the video suggests.

As an IB/AP student your answer should be detailed and comprehensive.

September 14

Get a partner to work with

You learn better by working with another student.

Share your knowledge

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If you would like to tutor another student, let Mrs. Palmer know. You will receive extra credit

 

MAKE-UP WEEK

Use this week to do make up work. After Friday you can no longer go back and do missing assignments. After Friday all grades for this grading period are final


We will start a new grading period on Monday, Sept 21

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September 18 & 21

Hispanic Appreciation Month
Helping to keep America strong!

My Story.........

My name is Frank Schneemann and I am the most senior teacher in the Sweetwater District.

In 1974 I was hired as a long term substitute at Southwest Middle. I like to experiment with new teaching ideas related to technology. The District Director of Spec. Ed. observed me teaching and told the Personnel Office NOT to hire me.

The Hispanic teachers and administrators went to the district and insisted that I be hired. People like Maria Medrano, Oscar Mercado, and many others saved my job. I'm not sure why.

In those days there were two dominant gangs at SW Middle, the Imperials and the Sydro's. I was not intimidated by the kids, I felt like I was "hanging" with the kids I grew up with. in the Philadelphia Badlands.I workd with those kids and they became like family.

Open your mind and heart to the Hispanic community and you will find, as I did, that you have joined a new family who will always be there for you when you need them.

 

Ceasar Foundation Site

  Dudemal & LA Philharmonic
Ceasar Chavez Biography   Dudemal Venesuala High School

Famous Hispanic Americans

  Important Hispanic Artists
Hispanic Contributions to America   Hispanic Americans in Government
10 Important Hispanic Scientists   Hispanic Techology Leaders
Hispanic Chamber of Commerce   Hispanics in US Navy
Watch Video McFarland USA

 

Your Hispanic Reflection Essay
Assignment:    

Sept 21


Please remember to use both your first and last name on all of your  submissions.


 

Ch 4 Demand

Lessons

Assignments

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Ch 4 Demand IB/AP

 

Lessons

Assignments

  • Take Chapter 4 Notes & Diagrams from the Cambridge Text: Chapter 4-Government Intervention; Pg 72-74; Pg 75 Society as a Whole; Pg 81-83 4.3 Subsidies; Pg 88-100 4.5 Price Controls.
     
    Turn Notes in to PalmerMBA@outlook.com

Sept 28


DECREASE IN SUPPLY

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REGULAR ECON

Ch 5 Supply


Lessons

Assignments

EXTRA CREDIT Presidential Debate
Tuesday 6 pm - Any Media Outlet

 

Watch the debate between Joe Biden and President Donald Trump.

Record your observations. What has each candidate said that you agree with? What did they say that you disagree with?

PRES DEBATE <<< CLICK HERE FOR THE ASSIGNMENT

 

Both President Trump and Joe Biden want to do what is best for America; they just have different philosophies about government. When you are trying to learn which candidate you want to support, take into consideration things like philosophy and programs and laws they support. You should NOT use things like race, religion, personality, appearance, class, or hearsay. Be positive and factual in your observations.

 

BE POSITIVE AND RESPECTFUL TOWARD BOTH CANDIDATES

BOTH ARE GOOD MEN WHO WANT TO DO WHAT IS BEST FOR OUR COUNTRY

 

IB/AP ECON

 


EXTRA CREDIT Presidential Debate
Tuesday 6 pm - Any Media Outlet

 

Watch the debate between Joe Biden and President Donald Trump.

Record your observations. What has each candidate said that you agree with? What did they say that you disagree with?

PRES DEBATE <<< CLICK HERE FOR THE ASSIGNMENT

 

Both President Trump and Joe Biden want to do what is best for America; they just have different philosophies about government. When you are trying to learn which candidate you want to support, take into consideration things like philosophy and programs and laws they support. You should NOT use things like race, religion, personality, appearance, class, or hearsay. Be positive and factual in your observations.

 

BE POSITIVE AND RESPECTFUL TOWARD BOTH CANDIDATES

BOTH ARE GOOD MEN WHO WANT TO DO WHAT IS BEST FOR OUR COUNTRY

 

October 12

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McDonald's Prices 1950

Chapter 6 - Market Equilibrium and Disequilibrium
Trade and Taxes
  • Lessons
  • Assignments
    • 1.Watch the lecture on Trade and Taxes.

    • 2. Complete  Problem Set 2. (Due October 20)

    • 3. Turn in to PalmerMBA@outlook.com


    • Complete and turn in Chapter 13: International Trade Notes and Diagrams from the Cambridge Text. ( Due October 23):

    • Chapter 13, International Trade: Pgs. 354-356 Section 13.1 The Benefits of Trade; Pg 363-367 Section 13.3 The WTO; Pg 368-370 Import Quotas; Pg 372-373 Subsidies; Pg 375-379.

    • Turn Notes in to PalmerMBA@outlook.com


October 19

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Chapter 7 Market Structures
Market Structures
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October 26

Our grades need to be submitted next week so Sunday, Nov 1 is the cut-off for this grading period.

Work on your make-ups

 

The History of Business

In this lesson you will follow these steps

  1. Download and print the study questions for the assignment
  2. Watch the History of Business video
  3. Answer the study questions as you watch the video
  4. Take the video test. This is part of your grade.

 

 
DO NOT DO ASSIGNMENTS BELOW THIS LINE
     
 
  • NSA Security Abuses
    • Take notes on video and turn them in for credit
    • Does the government abuse its power to spy on the American people
    • Takes notes on video and turn in for credit
 

Text Chapter 6
Power Point

 

 
Power Point

Chapter 7 Textbook

 
   

October 26

Image result for lemonade stand

 

Business Models
 
 
Glossary

 

 

Chapter 10 

   
Textbook Ch 11  
Textbook Ch 14  
 

 

 

 
https://www.youtube.com/watch?v=jnJEEdp6W24&feature=emb_rel_pause

 

   

October 26

 

Business Models
 
Life is good

TED SAYS LIFE IS BETTER

Liz

check this stuff out and call me