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Economics
Mrs. Palmer

Spring 2023

Glossary

INSTRUCTIONS FOR COMPLETING ONLINE ASSIGNMENTS

            Daily Attendance       Meeting Room
Adam Smith's Ideas Changed the World

REGULAR ECONOMICS

AP/IB ECONOMICS

January 19

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Martin Luther King Day

The celebration of an American hero

Watch this special video

July 25

The North Korea Socialist State

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At the core of North Korea philosophy is Socialism

 Assignments

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


Watch for background

 

AP Assignments

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


Watch for background
Karl Marx and Adam Smith

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 The two most important economic philosophies are Karl Marx Socialism and Adam Smith Capitalism.

Watch the two videos below and then write a short essay explaining which philosophy is best for the modern world. In other words, are you a Socialist or Capitalist. When you write your essay, make sure you refer to the content in the two videos below. I need to know if you really watched the videos or not.

 

  

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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

Unit 4 Imperfect Competition:

 

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The Invisible Hand

AP ASSIGNMENTS

  • Watch the video lecture:
     
    Assignment:
    • Read and take notes on Chapter 8:  "The Level of Overall Economic Activity"
    • Pages 216-235 in the Cambridge Text.
    • Submit your notes in PDF format (or scan them) to PalmerMBA@outlook.com
    • Due January 29, 2021

     

 
 

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 Ch 3, The Free Enterprise System

Macroeconomic Measures:

 
  • Read and take notes on Chapter 11:  "Macro Objectives II:  Economic Growth & Distribution of Income".
     
  • Pages 293-319 in the Cambridge Text.
     

  • Submit your notes in PDF format (or scan them) to PalmerMBA@outlook.com
     

  • Due on February 23.
 

 

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

 

Ch 4 Demand

Lessons

Assignments

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Supply and Demand

Feb 22

DECREASE IN SUPPLY

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REGULAR ECON

Ch 5 Supply

Lessons

Assignments

 

IB/AP ECON

 

  • Please complete attached, " Problem Set 3  Aggregate Demand and Supply and Fiscal Policy" and The Unit 3 Practice Worksheet (Sent to you in a separate email)
     
    Submit in PDF format (or scan it) to PalmerMBA@outlook.com.

    Due on April 15, 2021

     

  • The Phillips Curve


  •  

Hispanic Appreciation Month

Enriching America

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.

Hispanic
Culture

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:
  • Watch the video, McFarland
  • Do the Hispanic Reflection Essay
    

 

 

 

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McDonald's Prices 1950

 Chapter 6 - Market Equilibrium and Disequilibrium
 IB/AP ECON
 

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 Chapter 7 Market Structures

Market Structures

  •  

     

     
     

 

 

 Business Models
 

The History of Business

THE HISTORY OF TAXES -

 

 

 Revolution & Revolt: The Magna Carta to The Whiskey Rebellion

 

  

HISTORY OF TAXES 2

 

 Tariffs, Civil War and The Rise of the IRS

 

  
  HISTORY OF TAXES 3
  

Financial Markets

Big Data & Risk Management in Financial Markets (Part I) | by Francesco Corea | Medium

 Financial Markets
DO NOT DO ASSIGNMENTS BELOW THIS LINE

Unions and Labor

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Samuel Gompers Labor Pioneer
Socialist turned Capitalist

Unions and Labor

ISSUES

Watch the video then tell us what you think.

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Market Structures

 

  • Watch the video lecture on, “Long Run Costs”

  • Watch the video lectures on “Perfect Competition” I and II:

  • Part I:

  • Part II:

  • Complete and turn in Notes and Diagrams for Chapter 7: Theory of the Firm II: Market Structures from the Cambridge text:  Pgs. 181-201 (Due November 13).

  •  Complete and turn in Notes and Diagrams for Chapter 7: Theory of the Firm II: Market Structures from the Cambridge text:  Pgs. 201-214 (Due November 20).

  • Turn Notes and Diagrams in to PalmerMBA@outlook.com

Good Luck!

 

 

 

MONEY AND FED RESERVE

How Technology Has Transformed Banking – Alex J. Ness

Glossary

 Federal Reserve
 		  

Final

On the right you will see two practice files for the final exam. Practice these finals over and over again until you feel that you have mastered the exam. These are the actual questions on your final.

See Mr. Schneemann in room 209 if you have questions or need help.

 
  • FINAL REVIEW
    • ECON FINAL A
    • ECON FINAL B
  • FINAL EXAM
    • ECON FINAL
  • ECON FINAL A <<<THE REAL FINAL

Hispanic Appreciation Month
Enriching America!

 

See the source image

Hispanic
Culture

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:
  • Watch the video, McFarland
  • Do the Hispanic Reflection Essay
    

 

 

SOCIALISM

Socialism is an important topic in the news today. Socialists are pushing to fundamentally change America from a Capitalist economy to a Socialist one.

We are discussing Capitalism and Socialism to help you to understand this issue. After you finish the lessons for this unit you should be able to make an informed judgement on the issue.

If you have questions please contact me via email:PalmerMBA@outlook.com

 		 THE HISTORY OF SOCIALISM
 		  

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The only thing wrong with socialism is that sooner or later you run out of OTHER peoples money.

Karl Marx and Adam Smith

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THE HISTORY OF SOCIALISM continued
The two most important economic philosophies are Karl Marx Socialism and Adam Smith Capitalism.

Watch the two videos below and then write a short essay explaining which philosophy is best for the modern world. In other words, are you a Socialist or Capitalist. When you write your essay, make sure you refer to the content in the two videos below. I need to know if you really watched the videos or not.

 

 

 Investing, Savings and the Stock Market
  

 

 

 GROSS DOMESTIC PRODUCT

 

  

 

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 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.

GREAT TIP!!
https://www.youtube.com/watch?v=U_NAiNcVud0

  1. Print a hard copy of your assignment.

  2. Answer the questions on your hard copy

  3. Use video or pdf power point to look up the answers.

  4. Get help from your friends

  5. Reopen the test and plug in your answers

 

 

May 3 and 10 AP Assignment

 

Complete the assignments below"


  
 

 

  • FINAL REVIEW (Practice)
    • ECON FINAL A
    • ECON FINAL B
  • ECON FINAL
    •  FINALEXAM

 

 Is America Number One?
 Macro Measures

 
DO NOT DO ASSIGNMENTS BELOW THIS LINE
 

Evaluation for Mr. Schneemann's class last semester

 

You can use your cell phone or a computer

 Schneemann US Gov Course Evaluation

Fall 2021

Last semester every student did not get to take the Course Evaluation for Mr. Schneemann's Gov Class

Please click the link below and take the course eval for Schneemann's Government Class. If you already took the survey, take it again.

Your participation is appreciated.

Course Evaluation <<<click

 
The government reports that the current inflation rate is 8.5%

That is the highest it has been in more than 40 years

What does that mean?

Check the video's on the right

 INFLATION

 

December 14

Image result for Final Exam Logo

You must do the Final Exam assigned for your period. Finals are submitted with the time, date and IP address. You must do the final assignmed to you, A or B

 Final Exam Practice and Exam
  • ECON PRACTICE FINALS
    • ECON FINAL A
    • ECON FINAL A Practice FINALPART A <<<Practice Final
    • ECON FINAL B
    • ECON FINAL B Practice FINALPART B <<<Practice Final
  • How to practice video
    • This practice exam is the same as the final exam you will take on Wednesday
    • SAME QUESTIONS
    • Take the exam over and over until you know most of the answers

 

 AP Final Exam
 

 
  • ECON FINAL

 
DO NOT DO ASSIGNMENTS BELOW THIS LINE

 

Image result for Final Exam Logo

 

 Final Exam Practice and Exam
  • ECON PRACTICE FINAL
    • How to practice video
    • This practice exam is the same as the final exam you will take on Wednesday
    • SAME QUESTIONS
    • Take the exam over and over until you know most of the answers
    • ECON PRACTICE FINAL <PRACTICE
 AP Final Exam
 

 
  • FINAL REVIEW
    • ECON FINAL A
    • ECON FINAL B

 
DO NOT DO ASSIGNMENTS BELOW THIS LINE

November 30

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 THE HISTORY OF SOCIALISM continued

 

  
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
 Karl Marx Socialism

Adam Smith Capitalism

Compare and contrast then choose

Experiment in Democratic Socialism

We are proposing the following grade policy.

All grades for an assignment will be averaged and everyone will get the same grade. From each according to their ability to each according to their need.

No students will fail and no student will get a grade higher or lower than other students. If you get an "A" on an assignment that grade will be averaged with the other grades so you will most likely be assigned a "C." Likewise, if you currently have an "F" grade you will also be assigned the average grade, most likely a "C"

Do you vote to accept this Socialist grade policy?

Click here to vote

 

Text Chapter 6
Power Point

 

 Production Possibilities
 
Power Point

Chapter 7 Textbook

 		  

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
 

October 26

Image result for lemonade stand

 

 Business Models
 		 rade 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

 
Glossary

 

Costs of Production

  1. Watch the video lecture on "Costs of Production"

  2.  Complete and turn in Notes and Diagrams for Chapter 7: Theory of the Firm II: Market Structures from the Cambridge text:  Pgs. 168-181 (Due November 3).

    Good Luck!

 

 
Textbook Ch 14  
 

 
  • FINAL REVIEW
    • ECON FINAL A
    • ECON FINAL B

 

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

 

  

  • 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

 
   

  • 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

 
   
  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
 
    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

 
    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.

 
     
See the source image
   

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.

GREAT TIP!!
https://www.youtube.com/watch?v=U_NAiNcVud0

  1. Print a hard copy of your assignment.

  2. Answer the questions on your hard copy

  3. Use video or pdf power point to look up the answers.

  4. Get help from your friends

  5. Reopen the test and plug in your answers

 
    Perfect Competition

  • Submit your completed FRQs and P-Set 3 to PalmerMBA@outlook.com by November 25th

  • Perfect Competition In the Long Run Lecture

 

 

See the source image

Martin Luther King Day

The celebration of an American hero

Watch this special video

February 7

"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.

 

AP Assignments

  • Assignment
  • Read and take notes on Chapter 9:  "Aggregate Demand and Aggregate Supply"
  • Pages 236-264 in the Cambridge Text.
    Submit your notes in PDF format (or scan them) to PalmerMBA@outlook.com
  • Due February 8, 2021
   
     
  ECON FINAL 100 B ECON FINAL A

 

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