Economic$
Murry Bergtraum High School

John Elfrank-Dana, Instructor


Jump to Today

Attendance & Grades Check | Homework | Contact John | Project | NYS Curriculum


Class Calendar - Test II on Wednesday!

News/ Upcoming Events

 

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


Film Fridays-


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