Economic$
Murry Bergtraum High School

John Elfrank-Dana, Instructor


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Class Calendar - Check Presentation Dates Below... Click here and e-mail jelfrank1@gmail.com to sign up for a date if you haven't already!

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Monday
January 5
Welcome Back!

We are in the home stretch!
1. Get out your notes from the film: Norma Rae and review.

2. Assignment of Presentation Dates
Review Presentation Rubric

Class Presentation Schedule

Date Presenter(s)
Wed. 1/14* pd1: Gabriel, Shaina, Jordan | Jalisa, Jerri, Angela

pd6: Sabrina and Steven | Fitsum and Thai

Thurs. 1/15 pd1: Kadeem | Kimberly W. & Sindu

pd6:

Fri. 1/16 pd1: Alicia

pd6:

Tue. 1/20 pd1:

pd6: Tevon & Victor | Amanda, Santos & Tessel

Wed. 1/21 pd1:

pd6: Daniel, Sharleen and Delrita

*5 points bonus on presentation score for going first.


Tuesday
Jan. 6
How do to a PowerPoint

1. Review Presentation Rubric

2. Watch Demonstration: Design, Text Format, Image Insertion

3. Presentation Delivery: Don't read the screen, Annotate instead, Look at your audience.


Wednesday
Jan. 7
Should "whistle blowers" get special protection?

1. Read article and take notes


Thursday
Jan. 8
Norma Rae (cont.)
Why is it hard to form a union?
Take Cornell Notes
Focus points: What are the obstacles faced by Norma and others in forming the union?
How did they overcome those obstacles?


 


Monday
Dec. 22
Review Your Test 3 Score
Work on PowerPoints


Monday
Dec. 15
Review for Wednesday's Test on Money and the Consumer
1. Know: APR, Universal Default, "Deadbeat", Minimum Payments, FICOS, Revolver.
2. What is interest? How is money subject to the laws of supply and demand?
3. What are the attributes of money? What is "inflation"? What is "deflation"?
4. Local Currency- how does it help people locally?
5. How did currency figure into the U.S. invasion of Iraq?
6. What is Ralph Nader famous for?
7. What is wrong with the U.S. food supply (see Public Citizen Report)
8. Dirty Money- How do U.S. support criminals?
9. What is "Buy Nothing Day"? What's the relevance of the Walmart Tradgedy?
10.
Review Unit Homework for Test


Tuesday
Dec. 16
Review Unit Homework for Test


Wednesday
Dec. 17
TEST ON MONEY AND THE CONSUMER
Sub topics: Credit Cards, War for Euros, Dirty Money, Interest Rates and Supply & Demand, Ralph Nader, Food Quality


Thursday
Dec. 18

New Unit: Labor
Take Cornell Notes on Film:
Norma Rae
(a true story)

Points to note:
labor organizer
cooptation
issues: wages, working conditions


Friday
Dec. 19

Begin your PowerPoint presentations
Meet with me to discuss your drafts.


Monday
Dec. 8, 2008

Activity: Is the government protecting the quality of our food?

Read the special report from:


Tuesday
Dec. 9, 2008
Work on Project (Draft Project Due Sunday!)
Test Friday!


Wednesday
Dec. 10, 2008
Preparing our Drafts

1. Review the Project Rubric
2.
Project Review Exercise

 


Thursday
Dec 11, 2008
View Model Drafts/ Rubric
Finish Project Drafts



Friday
Dec. 12, 2008

View Model Drafts/ Rubric
Finish Project Drafts



Monday
Dec. 1, 2008

DRAFT OF PROJECT REPORT DUE DEC. 14TH
mail to:
Jelfrank1@gmail.com as a Word attachment.
One DRAFT per GROUP! Combine your work in logical format into ONE Word document with FOOTNOTES (ENDNOTES).

 

Euors and the U.S. invasion of Iraq
Is the invasion of Iraq about Euros for oil?

Read and answer the questions

Use supply and demand curves to illustrate the points of the theory.

 


Tuesday
Dec. 2, 2008

DRAFT OF PROJECT REPORT DUE DEC. 14TH
mail to:
Jelfrank1@gmail.com as a Word attachment.
One DRAFT per GROUP! Combine your work in logical format into ONE Word document with FOOTNOTES (ENDNOTES).

How can you use credit wisely?

Warm Up: Define "credit"
Why do people use credit cards? How do they get into trouble with credit cards?

Activity: Read and take notes tips for young people and credit cards.

Points:
1. Minimum Monthly Payments, "deadbeats"
2. APR
3. Credit Rating

Activity 2: Calculate how long it will take to pay off a credit card.

Go here: http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

Enter the following information:

1. Credit card name: MC, Balance: $1800.00, Interest: 5, Min. Monthly Payment: 25

2. Select "Minimum Payments" and click on "calculate"

How long will it take to payoff the credit card? How much did you pay to the credit card in interest?

Do it again, except double the min. monthly payment.

What's the difference?

Do it a third time but increase the interest from 5% to 21%.

What's the difference?

Summary: Review the aim and answer in your notebooks.


Wednesday
Dec. 3, 2008

mail to: Jelfrank1@gmail.com as a Word attachment.
One DRAFT per GROUP! Combine your work in logical format into ONE Word document with FOOTNOTES (ENDNOTES).

 

How do interest rates affect borrowing and saving?

Interest Rates - note in your notebook

A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a result of inflation and Federal Reserve policies. For example, if a lender (such as a bank) charges a customer $90 in a year on a loan of $1000, then the interest rate would be 90/1000 *100% = 9%.
from:
http://www.investorwords.com/2539/interest_rate.html

When do you pay interest and when are you paid interest?
Explain why.

Activity 2: Calculate how long it will take to pay off a credit card.

Go here: http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

Enter the following information:

1. Credit card name: MC, Balance: $1800.00, Interest: 5, Min. Monthly Payment: 25

2. Select "Minimum Payments" and click on "calculate"

How long will it take to payoff the credit card? How much did you pay to the credit card in interest?

Do it again, except double the min. monthly payment.

What's the difference?

Do it a third time but increase the interest from 5% to 21%.

What's the difference?

Summarize the lesson your learned about credit cards from this activity.

 


Thursday
Dec. 4, 2008

Buy Nothing Day - Revisited
1. What is a FICOS score?
2. What is a "revolver"
3. Who is a "deadbeat" to credit card companies?
4. How does "universal default" work?

Film: The Secret History of the Credit Card
Are credit cards good or bad?

Take Cornell Notes


Friday
Dec. 5, 2008

Do Now: Answer from yesterday's notes
1. Why did credit card companies lower the minimum monthly payment?
2. How was offering Zero percent interest affective for credit card companies at making more money?

ACTIVITY: Film- The Secret History of the Credit Card
Has the government done its job in regulating credit card companies?
Take Cornell Notes

See where you can go for help with credit cards.
http://www.pbs.org/wgbh/pages/frontline/shows/credit/more/where.html


Monday
Nov. 24, 2008
Buy Nothing Day

Why "buy nothing"?

How does this movement challenge us to be different?
Why do they say we must change?
Do you agree?
 


Tuesday
Nov. 25, 2008

Film: An Unreasonable Man (Part III)
Take Cornell Notes



Wednesday
Nov. 26, 2008

Work on Projects


Thursday
Nov. 27, 2008
Thanksgiving


Friday Nov. 28, 2008
Buy Nothing Day!


Monday
Nov. 17, 2008
Review Test II
Work on Project


Tuesday
Nov. 18, 2008
Aim: Introduction to Financial Institutions & the Consumer

Why don't we have the government print enough money so we can all be millionaires?!
Write your answer in a paragraph in your notebook.

1. Review new homework assignments
2. Concepts of Money (do by Tuesday) - Research and define: money, currency, barter, credit, interest rate, inflation.


Wednesday
Nov. 19, 2008

Money - Why is it important to the economy?
Do Now: Copy the Attributes and explain why each is important.

  1. Durability

  2. Portability

  3. Divisibility

  4. Uniformity

  5. Ease of Recognition

  6. Relative Scarcity

  7. Stability

Local Money - Does it help a community? Read and answer the questions.

Extension: Forbes Magazine article Funny Money

View the various alternative currencies.

 


Thursday
Nov. 20, 2008

Why does the U.S. have an incentive not to fight the war on drugs?

Read Money Laundering Article and and answer questions.


Friday
Nov. 21, 2008

Film: An Unreasonable Man (pt. 2)
Work on Project


Monday
Nov. 10, 2008
Discuss Answers to Part II of
Wolf Article
Test II on Wednesday
Review your project, Wolf Article and the Corporation
Topics: Social Responsibility, Privatization, Taming the Corporate Beast (how do hold them accountable). Discuss your project in detail.
 


Tuesday
Nov. 11
Veteran's Day - No School


Wednesday
Nov. 12
Test II
Topics: Social Responsibility, Privatization, Taming the Corporate Beast (how do hold them accountable). Discuss your project in detail. Also know the answers to the Wolf article.
 


Thursday & Friday
Nov. 13 & 14
Work on your Projects


Monday
Nov. 3, 2008
Election Day Special Activity


Tuesday
Nov. 4, 2008
Election Day!
No Students


Wednesday
Nov. 5, 2008
Election Day Follow-up
Do we have a President yet?
 


Thursday
Nov. 6, 2008
Note new homework assignments due starting next week
New Unit: The Financial Crisis.
Read Wolf Article- first in a series.
Do part I in your notebooks.
 


Film Fridays
Part 2
Wolf Article
Ralph Nader - An Unreasonable Man
Nov. 7, 2008


Wednesday
Nov. 12, 2008
Project Report/ Corporation Exam
Topics: Social Responsibility, Privatization, Taming the Corporate Beast (how do hold them accountable).
Be prepared to discuss your project in detail.
 


Monday
October 27, 2008
Effective Internet Search Strategies
How to limit your search results

Fill-in Your Group's Progress Report


Tuesday
October 28, 2008
New Unit - The Financial Crisis
What comes to mind when you hear financial crisis? Jot down your thoughts.

 

Read and answer questions


Wednesday
October 29, 2008
Work on Project


Thursday October 30, 2008

How can we tame the corporate beast?
Finale of the film- The Corporation
 


Monday
Oct. 20, 2008
List your topic and sources found thus far
See sample report


Tuesday
Oct. 21, 2008
Continue Phase 1 of Project


Wednesday
Oct. 22, 2008

Youth Vote Day!
Special Lesson


Thursday
Oct. 23, 2008

The Corporation and Fascism
take Cornell notes


Friday
Oct. 24, 2008


Monday - Oct. 13, 2008 - No School


Tuesday, Oct. 14, 2008
Introduction to Economics Project
Read through the entire description.
Create a Gmail account if you don't have one already.
See
new homework assignments and next test date.


Wednesday, Oct. 15, 2008
Project Topic Selection
How to research a topic.
Review this page:
http://www.noodletools.com/debbie/literacies/information/5locate/adviceengine.html
Outline the research process from General Topic to Specific Questions your project will address.


Thursday, Oct. 16, 2008
The Corporation and Fascism
take Cornell notes



Friday, Oct. 17, 2008
The Corporation and the Elections
take Cornell notes


Monday - Oct. 6, 2008
View film: The Corporation - take Cornell Notes

Review Exam Results


Tuesday - Oct. 7, 2008

Review Exam Results - Work in pairs to find the right answers to your questions.

Introduction to Class Project.
TOMORROW: CUNY Visit - Meet in balcony of the auditorium.


Wednesday - Oct. 8, 2008
 

CUNY Visit - Meet in balcony of the auditorium.


Thursday - Oct. 9, 2008 NO SCHOOL


Friday - Oct. 10, 2008
Film Fridays - Finish The Corporation - Take Cornell Notes

 


9/29/2008 Monday
Critique of Supply and Demand

No School Tuesday and Wednesday


10/2/2008 Thursday
Review for Test in Pairs

First 20 min. review these topics.
Develop one question per-topic
 

Topics for Test (multiple choice, fill-in, true/false/opinion)

1. Know the laws of supply and demand, elasticity, what affects changes in supply and demand, equilibrium place. What are the assumptions of this "law" and its "fact of life" contradictions? Know what supply and demand curves look like and how and why they move, and its impact on market price.
2. Know the three questions all economies must answer, the three types of economic systems, circular flow of income, production possibilities, opportunity costs, problem of scarcity.
3. How are corporations different than what they used to be, and are different from other business organizations? How did they get the status of "legal persons"? How do they do good? How do they do bad? Know: Externalities, 14th Amendment.
4. The Commandments of Capitalism: Does it say life is fair regarding who is rich and who isn't? How does the Puritan ethic differ from the Social Darwinists' view why there is poverty? Who would rich people like these commandments? How does the liberal answer to "Is life fair?" differ from the conservative answer?

Ask me questions

 


10/3/2008 Friday TEST 1


9/22/2008 Monday - Three Forms of Business Organization
Do corporations dominate our economic life too much?

Fashion an answer based on your notes from the film.

 


9/23/2008 Tuesday - Production Possibilities Curve and Shifting Supply and Demand:
How do we use charts to understand economics?


Plot the chart on the board.
What are the "opportunity costs" (trade-offs) presented?
 

Activity: Analyze shifting supply and demand curves.
What causes supply and demand to shift?
How is equilibrium (market) price affected?

 


9/24/2008 Wednesday -
How does money circulate in our economy?

Do Now: Read this and answer questions: Circular Flow of Income
1. What adds to the circular flow?
2. What detracts from this flow?
3. Is it good or bad when money is deflected from the flow?

Application: How does the current crisis affect our circular flow of income?


9/25/2008 Thursday - Special Lesson -
President Bush on the Current Economic Crisis

 


9/26/2008 Friday - Test 1 POSTPONED TO THURSDAY (open notes) on Introduction to Economics/ Supply and Demand/ The Corporation (Part I).

Study guide:
1. Know the laws of supply and demand, elasticity, what affects changes in supply and demand, equilibrium place. What are the assumptions of this "law" and its "fact of life" contradictions?
2. Know the three questions all economies must answer, the three types of economic systems, circular flow of income, production possibilities, opportunity costs, problem of scarcity.
3. How are corporations different than what they used to be, and are different from other business organizations? How did they get the status of "legal persons"? How do they do good? How do they do bad? Know: Externalities, 14th Amendment.
4. The Commandments of Capitalism: Does it say life is fair regarding who is rich and who isn't? How does the Puritan ethic differ from the Social Darwinists' view why there is poverty? Who would rich people like these commandments? How does the liberal answer to "Is life fair?" differ from the conservative answer?


9/15/2008 Monday: Intro. to Supply & Demand
Register your book


9/16/2008 Tuesday: Graphing your Supply and Demand Charts Using Excel
    Watch demonstration and follow. 

 

Introduction to Supply & Demand - How do we use Excel to plot supply and demand curves?

Watch Demonstration

1. Using Excel, create two tables. One showing a supply schedule the other a demand schedule. (as demonstrated) Make up another product if you like and plot the data according to the laws of supply and demand. Use your homework and consult with your neighbor if necessary.
2. Create two line graphs depicting the two tables. Label them accordingly.
3. ID a product you consider Demand Inelastic. Make up a demand schedule and plot a graph on a separate sheet in the same file. See demonstration.
4. Copy and paste into a word document.
5. Write a one paragraph explanation for the differences in two demand curves.
4. Save in your economics folder on the network drive.
5. Upload to Sharepoint thread "S&D Curves"


9/17/2008 Wednesday: The Commandments of Capitalism- Is life fair?

    Quiz 2


9/18/2008 Thursday:  Elasticity of Demand

  1. For each item below, pretend the price doubled. Think for each if you would do without or continue to purchase or subscribe to the item.

a. butter, b. milk, c. gasoline, d. cigarettes (assume you smoke), e. iTunes, f. cell phone, g. cable t.v.,

For the items you would cut back on, explain why.
For items you would not cut back on, explain why.

  Activity: Watch demo on creating elastic and inelastic demand curves with Excel.

Elasticity of Supply
 

How do we use Excel to demonstrate elasticity of supply and demand?

Review "elasticity" of demand & supply.
1. What determines if an item is demand elastic or supply elastic?


9/19/2008 Friday: The Corporation (Part II)
  Use Cornell Notes.


Friday
9/12/2008 Film The Corporation: How do corporations externalize costs?
 
Introduction to Cornell Notes (pt. 2)
   See Cornell Notes Format -
copy onto a piece of notebook paper or use Word.
    Summary:
Share your Cornell summaries with the class.
      Homework:
Revisit your notes and add afterthoughts.


Thursday
9/11/2008
 Introduction to Supply and Demand
   Activity: Intro. to Supply & Demand


Wednesday
9/10/2008 Film The Corporation
  Introduction to Cornell Notes
   See Cornell Notes Format
 


Tuesday
9/9/2008
How can you call the U.S. economy "a mixed economy"?

Activity: Three Types of Economic Systems

Review answers together

Register your book


Monday
9/8/2008 How does an economy try to answer the three basic economic questions?

Warm up: Review: What is the maximum about you will work for?
     The "problem of scarcity". Why can't we have everything we want?

        Infinite Human Wants | Resources

Activity: What are the three questions? Take notes.

Quiz #1

 


9/5/2008 How do we chart our MI scores with Excel?

Open MS Excel from the Program List and get out your scores from yesterday. Follow the big-screen demonstration.

1. Today we will use the graphing tool in Excel to chart our scores and insert in a Word file.
2. Then we will explain what this means for us as learners after reviewing the explanation of Howard Gardner's multiple intelligences at: http://www.thomasarmstrong.com/multiple_intelligences.htm


9/4/2008 What kind of a learner are you?
Take the Multiple Intelligences Inventory Survey.


9/3/2008: Create a G-Mail Account | Register for the course | Review Course Requirements |


 

This Week - New Homework Assignments / Project Launched


New Film:
Norma Rae

The true story of a union organizer.


The Secret History of the Credit Card (view it online)

 

 

 

 


 


Available on Netflix stream!


The Corporation - Are free markets possible in the corporate state? Introduction to Cornell notes.

   
   

copyright © 2005, John Elfrank-Dana

Material on this site may be reproduced or distributed for educational (non-commercial) purposes only and if cited: www.elfrank.com/Eco