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ECONOMIC NOTEBOOK Fall Semester, 2014. FUNDAMENTAL UNIT NOTEBOOK In your notebook, you should have the following for the FUNDAMENTAL unit: Notes Fundamentals.

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Presentation on theme: "ECONOMIC NOTEBOOK Fall Semester, 2014. FUNDAMENTAL UNIT NOTEBOOK In your notebook, you should have the following for the FUNDAMENTAL unit: Notes Fundamentals."— Presentation transcript:

1 ECONOMIC NOTEBOOK Fall Semester, 2014

2 FUNDAMENTAL UNIT NOTEBOOK In your notebook, you should have the following for the FUNDAMENTAL unit: Notes Fundamentals (includes sections: What is Economics, Needs v. Wants. Scarcity, Basic Economic Questions, Productive Resources, Basic Concepts, Opportunity Cost, Production Possibilities Curve, Reading the PPC, Circular Flow Chart, Specialization, Division of Labor, Adam Smith & Wealth of Nations, Trade Exchange & Interdependence) Economic Systems & Institutions (includes sections: Economic Systems & categorized, Economic Institutions & categorized) Class Notes (sections include: Roles of Government, Property Rights, Income Distribution, Incentives, Market Failures, Productivity, Economic Growth, Technology) Class Work Econ Lab #1 (No Free Lunches) To Trade or Not to Trade (Nino’s Pizza Shoppe, Galifrey/Oparlandia, Comp Adv: Cell Phones & Microwaves) Reading from Adam Smith’s Wealth of Nations Wrap-Up Questions (Earning a Living in Econoland) Review Guide (Fundamentals)

3 FUNDAMENTAL UNIT NOTEBOOK HONORS (4 th & 6 th Only) should also have: Reading: Positive vs. Normative Economics + Walk Around Survey Reading: "What's to Love about Economics? The Virtues of the Economic Way of Thinking" + insert strategy & modified annotations Skillbuilder: Opportunity Costs & PPCs

4 MICROECONOMIC UNIT NOTEBOOK In your notebook, you should have the following for the MICROECONOMIC unit: Notes Demand & Supply Price Ceilings, Price Floors, Elasticity of Demand, Elasticity of Supply Scavenger Hunt Notes (Circular Flow, Money, Producers, Entrepreneurs, Profit Motive, Consumers) Class Work Skillbuilder – Demand Skillbuilder – Supply Skillbuilder – Demand & Supply Headlines Market in Crude Oil Scoresheet + questions Skillbuilder – Price Ceilings & Price Floors Skillbuilder – Elasticity of Demand Skillbuilder – Money Graphic Organizer – Market Structures & Business Organizations Review Sheet - Micro

5 MICROECONOMIC UNIT NOTEBOOK Honors (4 th & 6 th Periods) should also have: Reading: "The Coffee Market's Hot: Why Are Bean Prices Not? Insights into Supply and Demand" (D. Anderson) + Grill the Author/Note-Sparring (divided notes 9/3/14) Reading: "Wal-Mart: Friend or Foe? Economies of Scale, Low Prices, Low Wages and Thinking Outside the Box" (D. Anderson) + reading questions 9/18/14

6 MACROECONOMIC UNIT NOTEBOOK In your notebook, you should have the following for the MACROECONOMIC unit: Notes Aggregate Demand & Aggregate Supply Employment, Business Cycles, Economic Growth GDP, Inflation, CPI Monetary Policy & the Federal Reserve Bank Fiscal Policy Class Work Skillbuilder: Aggregate Demand/Aggregate Supply Motion Picture Analysis Worksheet: Norma Rae Skillbuilder: GDP Activity: Economic Indicators (instructions) Activity: Economic Indicators (scenarios & cards to match) Reading Guide: Ch. 13 (Econ Alive!) Economic Measurements (see me for reading packet) Graphic Organizer: Monetary & Fiscal Policy Review Sheet: Macroeconomics Unit

7 MACROECONOMIC UNIT NOTEBOOK Honors (4 th & 6 th Periods) should also have: Reading: "Why Do We Neglect Leisure & Cheer Divorce? The Divergence of GDP & Measures of Well-Being" (D. Anderson) + reading questions Reading: "Module 20 - Economic Policy & the Aggregate Demand/Aggregate Supply Model" (Ray, Anderson, Krugman & Wells)

8 INTERNATIONAL UNIT NOTEBOOK In your notebook, you should have the following for the MACROECONOMIC unit: Notes Barriers to Trade Balance of Trade & Balance of Payments Benefits of Trade & Comparative Advantage Foreign Currency Exchange Class Work Comparative Advantage Activity (Betsy & Bert) Reading: "Explore the Concept: Foreign Currency Exchange" + flip book


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