Monday
Watched Bull
- Season 3 When the rain came
- Season 3 Security fraud
Tuesday
Objective: Students will be able to show how allocation of resources effects economic decisions and how countries have to allocate resources differently.
Instructions: You are to use the resources that have been given to you. You may not use any of your materials. If you add anything to your resources then you will be given a zero for the day. You will be graded on the work you finish and your ability to communicate with the other students in the class. Please make sure that you keep your group under control.
Task One: Choose a name for your country
Choose a leader. The leader will have final say when there are disagreements.
Choose a diplomat/ambassador. This person is the only person who can move from group
to group to negotiate trades.
Task Two: Finish the following task using the materials that I have given you and through trade with other countries.
Key Points:
Instructions: You are to use the resources that have been given to you. You may not use any of your materials. If you add anything to your resources then you will be given a zero for the day. You will be graded on the work you finish and your ability to communicate with the other students in the class. Please make sure that you keep your group under control.
Task One: Choose a name for your country
Choose a leader. The leader will have final say when there are disagreements.
Choose a diplomat/ambassador. This person is the only person who can move from group
to group to negotiate trades.
Task Two: Finish the following task using the materials that I have given you and through trade with other countries.
- Food- Make four strips of lined notebook paper each three inches by one inch.
- Clothing- Make a green “T” exactly 4 inches high.
- Shelter- Make a white square two inches and attach a lined notebook paper triangle to one side of the square.
- Industry- Make a four link paper chain, each of different color.
- Make a four page book of two different colors with words about your country on each page.
Key Points:
- Only 1 person may have a phone out. If anyone else checks their phones then the group gets a zero.
- Only 1 person can be out of their seat at a time
- Remember only the ambassador can trade with the other groups.
- All measurements must be exact.
- No tearing instead of cutting.
- Figure out what you have to trade and trade quickly. What are the strengths to your country and what are the weaknesses. Organize yourself with different task.
Wednesday
SWBAT- Explain how supply and demand determine equilibrium price and quantity produced (e.g., any market example –apples, tires, etc.). EQ- In a market economy, how are market prices set? |
Today's Activites
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flow_charts_for_market_and_command.docx | |
File Size: | 115 kb |
File Type: | docx |
Worksheet 2018 Determinant Practice
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Worksheet Identifying shifts (jellybeans and coffee)
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Wednesday
SWBAT_Compare how various market structures affect decisions made in a market economy (e.g., monopoly, oligopoly, monopolistic competition, pure competition, etc.).
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Today's Activities
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Thursday
Compare how various market structures affect decisions made in a market economy (e.g., monopoly, oligopoly, monopolistic competition, pure competition, etc.).
DBR CNN
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Today's Activities
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![](http://www.weebly.com/weebly/images/file_icons/rtf.png)
2016_supply_and_demand_curves_worksheet.doc | |
File Size: | 144 kb |
File Type: | doc |
Friday
T
- Finish Competition
- Chart on Businesses- Create a chart on your notebook paper that would encompass the following. Then use the reading to fill out your chart.
- Three types of business organizations
- Pros for each type of business organization, Cons against each types of business organizations, and examples of each type of business organizations
- Will there be a quiz tomorrow? Only worley knows
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Bell Ringers for Monday and Tuesday
Monday
Articles of Impeachment: Research them and answer the following question:
Let's say the President was Mitchell or Shayleigh (meaning no political party affiliation)
If they can prove the President (Mitchell or Shayleigh) did these actions, are these abuse of powers a high enough crime to impeach the President (Mitchell or Shayleigh)?
Articles of Impeachment: Research them and answer the following question:
Let's say the President was Mitchell or Shayleigh (meaning no political party affiliation)
If they can prove the President (Mitchell or Shayleigh) did these actions, are these abuse of powers a high enough crime to impeach the President (Mitchell or Shayleigh)?
Tuesday
Read the following article and answer the question
Q: Discuss supply and demand in this article. Why are gas prices increasing at the same time Demand is increasing?
A: It's easy to get outraged about how oil companies are posting huge profits when we're paying $3 or more for a gallon of gas. Higher oil and gas prices are painful, expensive and force most of us to reprioritize and update our budgets. And there's no question that oil companies can benefit from higher oil prices in the part of their business that explores for crude and refines oil into gasoline
Higher oil prices certainly helped Exxon Mobil post profit of $8.4 billion in its first quarter, the most ever for that period. You can read about Exxon's first-quarter results here. One question being asked by national and local politicians is whether wholesalers of gasoline have been somehow manipulating the market. So far, nothing has been proven. But before you join the lynch mob chasing big oil, remember your Economics 101: Prices are set by supply and demand. And when supply falls while demand rises, prices rise quickly.
Demand for oil continues to hit levels never seen before, says Bruce Lanni, analyst with A.G. Edwards. Emerging nations like China and India are consuming more and more oil as they industrialize, buy cars and power their factories. "It's a changed world. You have other economies just as dependent
on fossil fuels," he says.
Meanwhile, supplies of gasoline have been constricted by requirements that force oil refiners to produce a variety of environmentally friendly gasoline tailored to different areas. Then there is the disruption caused by last year's hurricanes. Again, the laws of economics kick in. More demand. Less supply. Higher prices.
And it's a good thing it works that way. Free-market prices allow the marketplace to efficiently allocate scarce resources. The option is having the government set prices. But when goods are intentionally sold at prices lower than the market will bear, shortages result.Governments have learned that lesson repeatedly. Whenever price caps are set, there are almost always lines around the block. Higher prices force conservation. "There's no way to put the blame on the oil companies," Lanni says. Before you call me an apologist for the oil industry, check this out. The Attorney General of Arizona, Terry Goddard, was outraged when he saw gas prices spike after last year's hurricanes. It seemed ludicrous since Arizona gets its gas from California, not the Gulf Coast. Consumers were also irate when gas prices jumped from $2.39 a gallon on Aug. 1, 2005 to $3.12 a gallon on Sept. 6.
But Goddard investigated, and he didn't find any violations of state law. There was no evidence of fraud or collusion behind the increases in oil profits. The report found several other factors driving the higher gas prices including inventory systems that reduce the need to store fuel, the nation's aged gasoline delivery network and an increase in consumer demand for gasoline. The question of profiteering by wholesalers, though, was raised but not solved.
Read the following article and answer the question
Q: Discuss supply and demand in this article. Why are gas prices increasing at the same time Demand is increasing?
A: It's easy to get outraged about how oil companies are posting huge profits when we're paying $3 or more for a gallon of gas. Higher oil and gas prices are painful, expensive and force most of us to reprioritize and update our budgets. And there's no question that oil companies can benefit from higher oil prices in the part of their business that explores for crude and refines oil into gasoline
Higher oil prices certainly helped Exxon Mobil post profit of $8.4 billion in its first quarter, the most ever for that period. You can read about Exxon's first-quarter results here. One question being asked by national and local politicians is whether wholesalers of gasoline have been somehow manipulating the market. So far, nothing has been proven. But before you join the lynch mob chasing big oil, remember your Economics 101: Prices are set by supply and demand. And when supply falls while demand rises, prices rise quickly.
Demand for oil continues to hit levels never seen before, says Bruce Lanni, analyst with A.G. Edwards. Emerging nations like China and India are consuming more and more oil as they industrialize, buy cars and power their factories. "It's a changed world. You have other economies just as dependent
on fossil fuels," he says.
Meanwhile, supplies of gasoline have been constricted by requirements that force oil refiners to produce a variety of environmentally friendly gasoline tailored to different areas. Then there is the disruption caused by last year's hurricanes. Again, the laws of economics kick in. More demand. Less supply. Higher prices.
And it's a good thing it works that way. Free-market prices allow the marketplace to efficiently allocate scarce resources. The option is having the government set prices. But when goods are intentionally sold at prices lower than the market will bear, shortages result.Governments have learned that lesson repeatedly. Whenever price caps are set, there are almost always lines around the block. Higher prices force conservation. "There's no way to put the blame on the oil companies," Lanni says. Before you call me an apologist for the oil industry, check this out. The Attorney General of Arizona, Terry Goddard, was outraged when he saw gas prices spike after last year's hurricanes. It seemed ludicrous since Arizona gets its gas from California, not the Gulf Coast. Consumers were also irate when gas prices jumped from $2.39 a gallon on Aug. 1, 2005 to $3.12 a gallon on Sept. 6.
But Goddard investigated, and he didn't find any violations of state law. There was no evidence of fraud or collusion behind the increases in oil profits. The report found several other factors driving the higher gas prices including inventory systems that reduce the need to store fuel, the nation's aged gasoline delivery network and an increase in consumer demand for gasoline. The question of profiteering by wholesalers, though, was raised but not solved.
Go to Canvass
Complete the assignment called Allocation of Resources
Complete the assignment called Allocation of Resources