Week of Oct 31

Monday- video
Tuesday- Quiz on Supply, Demand determinants/current event
Wednesday- Quiz on Supply, review ch 4, price floor/price ceiling/ table
Thursday- ch 4 test, sheet on price system
Friday- current event, equilibrium, surplus, shortage and graphing

http://www.cbsnews.com/video/watch/?id=7386199n&tag=mg;national


http://www.cbsnews.com/video/watch/?id=7386181n&tag=mg;national

http://www.cbsnews.com/video/watch/?id=7386169n&tag=mg;national

Week of October 24

Monday-current events--
http://video.foxnews.com/v/1219460049001/new-website-aims-to-make-life-easier/?playlist_id=86883

http://cnn.com/video/?/video/bestoftv/2011/10/24/magnay-turkey-death-toll.cnn,

http://video.foxnews.com/v/1227187015001/survey-shoppers-to-spend-less-this-holiday-season/?playlist_id=86883

http://video.foxnews.com/v/1232794154001/small-business-report-1022/?playlist_id=86883

http://cnn.com/video/?/video/business/2011/10/19/magnay-greece-austerity-strike.cnn

http://cnn.com/video/?/video/business/2011/10/19/byrnes-argentina-economy-one.cnn

Tuesday- Supply intro/supply curves--make a curve
Wednesday- Reality Store in Pillager
Thursday-Supply Elasticity--do problem examples on elasticity
Friday-Factors that influence Supply--assignment on determinants,

http://cnn.com/video/?/video/politics/2011/10/27/bts-wh-carney-frustration-reform.cnn

http://cnn.com/video/?/video/business/2011/10/27/intv-wbt-eu-agreement-deal-moec.cnn

Unemployment tables

http://www.gallup.com/poll/150137/Unemployment-Down-Sharply-Early-October.aspx

Week of October 17

Monday~news http://www.cbsnews.com/video/watch/?id=6987699n demand review/curve, elasticity of demand

Tuesday~news http://www.cbsnews.com/video/watch/?id=7384501n&tag=mg;mostpopvideo

http://www.bing.com/videos/watch/video/money-for-something/6k01s79?cpkey=65942a87-b39b-46ab-b175-9d90d06d855e|||| , demand review

Wednesday~demand test

Week of October 10

Monday~ review demand determinants assignment, work

Tuesday~current events, demand sheet, work on PowerPoint on determinants

Wednesday~short hours-work on assignments

Thursday~look at demand determinant PowerPoints, sheet on determinants

Friday~sheet on determinants, current event project-occupy movement
Occupy Movement- read about the occupy movement at
http://www.huffingtonpost.com/news/occupy-wall-street

Comparative Economics Systems Project

What would life be like in the North Korean economy? How would things be different in the economy of Chad? In this project, you will have the opportunity to compare these two economies to the U.S. economy, and you’ll practice using some tools that can help you to study any economy in the world.

A market economy is characterized by private ownership of the means of production (for example, farms and factories), and supply and demand are responsible for the price and allocation decisions. The United States, Hong Kong, and Germany are considered market economies. A command economy is characterized by government (or central) control ownership of the means of production, and with a central authority setting prices of goods and services and for most allocation decisions. North Korea and Cuba are command, or more specifically communist, economies. A developing economy is one which is not yet industrialized, but is developing. Chad, Ecuador, and Bangladesh are considered developing nations.


You will need to access the CIA Factbook at https://www.cia.gov/library/publications/the-world-factbook/
and the Comparative Systems Worksheet.

Go to the CIA World Factbook website to find the information needed to complete the Comparative Systems Worksheet.

Use the information from the worksheet to consider the following seven questions~~

1. How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?
2. How can life expectancy and literacy rates affect the quality of labor in the economy?
   
3. How can fertility rates affect the use of scarce resources?
   
   
4. How can GDP per capita and poverty rates indicate standards of living in each system?
   
5. How can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?
6. How can electricity, communication, and transportation facilities indicate the potential for industrial growth?
   
7. Considering the lack of natural resources, the labor problems, and the lack of capital and little industrialization of developing countries, how can developing countries develop? (Hint: Look at Economy - Overview for Chad).

This project is due on Thursday, Oct 6. You will turn in the worksheet and answers to the seven questions.

Week of October 3

Monday
1. Current Events

http://cnn.com/video/?/video/us/2011/10/01/mi-800-lb-pumpkin.cnn

http://youtu.be/TnCtitcHanQ
http://youtu.be/cG_TKAJyV6k
http://cnn.com/video/?/video/us/2011/10/02/candiotti-wall-street-protest-update.cnn

http://cnn.com/video/?/video/bestoftv/2011/10/02/nr-red-tide-ireport.cnn

2. Demand activity and begin reading ch 3 with guided reading sheet

Tuesday
1. Work on comparative economics project with a partner in class


Wednesday
1. Work on comparative economics project
2. Read ch 3 sect 1

Thursday
1.Reality Store sheet
2. Review key terms ch 3 sect 1
3. Demand curve


Friday
1. Demand Determinants