Monday
1/24

Activities:

• Scarcity, Wants & Needs, personal decision making
• Scarcity, Factors of Production,
  (aka Productive Resources)  
• Difference b/t "financial capital" and "capital"
Discuss: handout p. 7-8
• Trade Offs
•  Ch. 1-3 (Production Possibilities)
  (Increasing Cost, Constant Cost, Zero Cost)

Homework:

return to previous month's plans

Tuesday
1/25

Activities:

Marginal Thinking

• Discuss Activity #3 Answers (Math & Economics)
• Discuss Ch. 2-3 (pp. 35-38) & 2-4 (39-44) &
  

Homework:

Wednesday
1/26

Activities:

• (1st Block)
• Quiz on Basic Concepts
  
• Discuss Ch. 2-1 (pp. 23-28)
• What? How? Who? (factor payments)
• 7 Goals of U.S. Economic System
  (incl: 3 most important & why)
• Different Types of Economic Systems
  Traditional
• Read Ch. 2-2 (pp.29-34) & Take Reading Notes
• 
  
• (4th Block)   No Class 

Homework:

Thursday
1/27

Activities:

• (1st Block) No Class 
• (4th Block)  see yesterday

Homework:

• Read Ch. 2-2 (pp.29-34) & Take Reading Notes

Friday
1/28

Activities:

• Introduce:  Budget Project


• referred to the Budget Example
• Circular Flow of Money
• Market Economy
• Adam Smith, "laissez-faire", "Invisible hand"
  ----> Greater Efficiency (use of resources)

Homework:

top of page

calendar

Monday
1/31

Activities:

• Finish Introducing:  Budget Project


• Command, Market, Mixed (Mixed diagram)
• Advantages & Disadvantages of Command & Market Economies, Mixed Economies

Homework:

•  Budget Example (remember to rename the Budget Worksheet with your name)

   

• Read Ch. 2-3 (pp. 
  

return to previous month's plans

Tuesday
2/1

Activities:

Homework:

• begin to keep track of expenses/income on
  Budget Project
• Study for Test (Ch. 1-2)
  bring computers to class tomorrow
  (for test)

Wednesday
2/2

Activities:

• (1st Block)   Test #1 on Ch. 1-2
  

Demand Day 1

• Read & Discuss Ch 4-1 (pp. 85-90)
• Begin Demand. 
• Define:  Demand, Law of Demand
• Change in Quantity Demanded
  "Change in Qd" (movement along a curve)
• "Ceteris Paribus"
• Income Effect & Substitution Effect, & Law of  Diminishing Marginal Utility (DMU)

Homework:

• keep track of Expenses/Income

Thursday
2/3

Activities:

Homework:

Friday
2/4

Activities: 

Homework:

• keep up with Budget Project
• 
  

top of page

calendar

Monday
2/7

Activities:

• (1st Block) No Class 
• (4th Block)  

• Demand Day 1

• Read & Discuss Ch 4-1 (pp. 85-90)
• Begin Demand. 
• Define:  Demand, Law of Demand
• Change in Quantity Demanded
  "Change in Qd" (movement along a curve)
• "Ceteris Paribus"
• Income Effect & Substitution Effect, & Law of  Diminishing Marginal Utility (DMU)

Homework:

• keep track of expenses/income on
   Budget Project

Tuesday
2/8

Activities:

• Demand Day 2

• Read Ch. 4 #2 (pp. 91-96)
• Demand Determinants (factors that move or shift the Demand Curve)
• Distinguish between a Change in Demand and a "Change in Qd" (movement along a curve)
quick review --Distinguish b/t a "Change in Qd" (movement along a curve) and a "Change in Demand (movement of the Curve)
• Normal Good & Inferior Good
• Substitutes & Complements

Homework:

• keep track of expenses/income on
   Budget Project
• Read Ch. 4 #2 (pp. 91-96)
• Study for Demand Quiz on Friday
• ACDC Economics "Curve Shifting" (Supply, Demand, & Consumer Choice) (10:13)
  
• Take Ch. 4 Demand Practice Test on Canvas (open notebook) BUT TRY NOT TO USE notebook
• Study for Demand Quiz/Test
  

Wednesday
2/9

Activities:

• (1st Block)  finish up yesterday
• worksheet p. 31 & discuss
• Demand Quiz

• Read Ch. 4 #3 & take book notes (pp. 97-104)
• Elasticity of Demand 
• Elasticity Determinants
• Total Revenue Test & Elasticity Determinants
• --------------
• Complete Page 29
• (4th Block)   No Class

Homework:

• keep track of expenses/income on
   Budget Project
  

Activities:

• (1st Block) No Class 
• (4th Block)  see yesterday
  
• Demand Quiz

Homework:

• keep track of expenses/income on
   Budget Project
  
• Budget Worksheet
  
• Ex. of Budget Plan

Friday
2/11

Activities:

• Finish Elasticity (Determinants)
• did page 29 worksheet
• Explained Budget Plan

Homework:

• keep track of expenses/income on
   Budget Project
  
• Complete Budgets (due Tuesday)

top of page

calendar

Monday
2/14

Activities:

•  No School Super Bowl Monday

Homework:

Tuesday
2/15

Activities:

• Begin Supply
• Read Ch. 5 #1 (pp. 109-113)
• Law of Supply, Supply
  (Price of Effect of Supply)


• Difference b/t Change in Supply (movement of entire Curve) and a change in Quantity Supplied (Qs)

Homework:

• keep track of expenses/income on
   Budget Project

Wednesday
2/16

Activities:

• Elasticity of supply
  3 Periods of Supply & impact on elasticity of supply (Immediate, Short Run, Long Run)

(ex. of tomatoes at Kroger)

• (JSlo's Pizza Palace)
  
• Read Ch. 5 #2 (pp. 116-120)
  
• Costs of Production Variable Resource, Fixed Resource, Increasing Returns, Marginal Product, Specialization, Law of Diminishing Marginal Returns, Fixed Cost, Variable Cost
• Finish going over Supply  Determinants
• fixed costs, variable costs, total costs, marginal costs

Homework:

• keep track of expenses/income on
   Budget Project
• Ex. of Budget Layout

Thursday
2/17

Activities:

• (2022 No School) 

• Collect 1st Round of Budget Project
(online)

Homework:

• keep track of expenses/income on
   Budget Project
• Ex. of Budget Layout

Friday
2/18

Activities:

• (2022 No School)
• 
  

Homework:

• keep track of expenses/income on
   Budget Project
  

top of page