Economics & Personal Finance 1 st nine weeks daily schedule,
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1 Economics & Personal Finance 1 st nine weeks daily schedule, Monday, August 15 Lesson: Introduction Objective: Students will be introduced to Economics and Personal Finance Assignment: Classroom Procedures Tuesday, August 16 Lesson: Pre-test Objective: Students will be given a pre-test of important concepts discussed in the course Assignment: Pre-test Wednesday, August 17 Lesson: Chapter 1.1- What is a Free Market? Objective: Students will be able to explain the importance of free markets to consumers and businesses Assignment: Chapter 1.1 Practice Thursday, August 18 Lesson: Chapter 1.2- Goals of Free Markets Objective: Students will be able to identify the main principles of a free market system Assignment: Chapter 1.2 Practice Friday, August 19 Lesson: Chapter 1.3- Types of Economic Systems Objective: Students will be able to describe how a mixed economy involves different types of systems Assignment: Chapter 1.3 Practice Monday, August 22 Lesson: Chapter 1 Review Objective: Students will be assessed over key concepts and terminology from chapter one Assignment: Chapter 1 Review Tuesday, August 23- Edgenuity Lesson: Introduction to Edgenuity/Introduction to Economics Objective: Students will analyze the impact of economics on daily life Assignment: Introduction to Economies quiz 1
2 Wednesday, August 24 - Edgenuity Lesson: Resources and Scarcity Objective: Students will explain the difference between exhaustible and renewable resources Thursday, August 25 - Edgenuity Lesson: Answering the Three Economic Questions Objective: Students will be able to analyze the societal values that determine how a country answers the three economic questions Friday, August 26 - Edgenuity Lesson: Opportunity Cost Objective: Students will be able to explain why all decisions have trade-offs & opportunity costs Assignment: Opportunity Cost Quiz & Unit Test (catch-up at home) Due Thursday, Sept. 1-6PM Monday, August 29 Lesson: Chapter 2.1 The Economists Toolkit Objective: Students will be able to explain why economists can disagree Assignment: Chapter 2.1 Practice Tuesday, August 30 Lesson: Chapter 2.2 Opportunity Cost Objective: Students will be able to accurately define and give examples of opportunity costs Assignment: Chapter 2.2 Practice Wednesday, August 31 Lesson: Chapter 2.3 Production Possibilities Curve Objective: Students will be able to interpret a production possibilities curve Assignment: Chapter 2.3 Practice Thursday, September 1 Lesson: Chapter 2 Review Objective: Students will be assessed key concepts and terminology from chapter 2 Assignment: Chapter 2 Review Friday, September 2 Edgenuity Lesson: Economic Systems Objective: Students will be able to define capitalism Monday, September 5 (Labor Day- No School) 2
3 Tuesday, September 6 - Edgenuity Lesson: Economic Systems and Daily Life Objective: Students will explain the challenges that various markets face, including unemployment and the wealth gap Wednesday, September 7 - Edgenuity Lesson: Competition and Free Enterprise Objective: Students will explain how competition and free enterprise work together Thursday, September 8 - Edgenuity Lesson: Technology and Economics Objective: Students will explain how technology has influenced production and consumption Due Monday, September 12-6PM Friday, September 9 Lesson: Chapters 1-2 TEST (from Classroom notes) Objective: Students will be assessed over key concepts and terminology from chapters 1 & 2 Assignment: Chapter 1 2 TEST Monday, September 12 Lesson: Chapter 3.1 The Law of Demand Objective: Students will be able to understand the difference between an individual and a market demand curve Assignment: Chapter 3.1 Practice Tuesday, September 13 Lesson: Chapter 3.2- Demand Curve Shifts Objective: Students will be able to identify demand shifter variables that cause changes in demand Assignment: Chapter 3.2 Practice Wednesday, September 14 Lesson: Chapter 3.3 Elasticity of Demand Objective: Students will explain how total revenue is related to price elasticity of demand Assignment: Chapter 3.3 Practice Thursday, September 15 Lesson: Chapter 3 Review Objective: Students will be assessed over key concepts and terminology from chapter 3 Assignment: Chapter 3 Review 3
4 Friday, September 16 - Edgenuity Lesson: The Law of Demand Objective: Students will be able to describe the concept of demand Monday, September 19- Edgenuity Lesson: The Law of Supply Objective: Students will be able to explain the concept of supply Tuesday, September 20 Edgenuity Lesson: Determining Market Prices Objective: Students will be able to explain how prices are used as signals in a market economy Wednesday, September 21 Edgenuity Lesson: Elasticity and Incentives Objective: Students will define elasticity and its influence on consumer behavior Thursday, September 22 Edgenuity Lesson: Supply, Demand, and Price Unit Test Objective: Students will be assessed over key concepts and terminology from Edgenuity unit Assignment: Catch-up/Unit Test (due 9/29 by 6:00PM) Friday, September 23 Lesson: Chapter 4.1- The Law of Supply Objective: Students will be able to explain the law of supply Assignment: Chapter 4.1 Practice Monday, September 26 Lesson: Chapter 4.2- Supply Curve shifts Objective: Students will be able to identify supply shifter factors that cause changes in supply Assignment: Chapter 4.2 practice Tuesday, September 27 Lesson: Chapter 4.3- The Free Market Price Objective: Students will be able to analyze how changes to demand and supply affect the equilibrium price Assignment: Chapter 4.3 Practice Wednesday, September 28 Lesson: Chapter 4.4- Role of Government Objective: Students will discuss government regulation and deregulation in the U.S. Assignment: Chapter 4.4 Practice 4
5 Thursday, September 29 Lesson: Chapter 4 Review Objective: Students will be assessed key concepts and terminology from chapter 4 Assignment: Chapter 4 Review Friday, September 30 Edgenuity Lesson: Profit Objective: Students will explain the difference between profit and revenue Monday, October 3 Edgenuity Lesson: Comparative and Absolute Advantage Objective: Students will analyze how understanding comparative and absolute advantage helps producers Tuesday, October 4 Edgenuity Lesson: Market Structures and Competition Objective: Students will define monopolies and their impact on the market / catch-up at home (due Monday, October 10 by 6PM) Wednesday, October 5 Lesson: Chapter 3-4 Test Review Objective: Students will review key concepts and terminology from chapters 3-4. Assignment: Study for test tomorrow Thursday, October 6 Lesson: Chapter 3-4 Test Objective: Students will be assessed over key concepts and terminology from chapters 3-4. This is a closed book/note assessment Assignment: Chapter 3-4 Test THURSDAY, OCTOBER 13 IS THE LAST DAY TO HAND IN MISSING WORK INCLUDING EDGENUITY Friday, October 7 Edgenuity Lesson: Introduction to Macroeconomics Objective: Students will describe the concepts that shape macroeconomics Monday, October 10 Edgenuity Lesson: Economic Growth Objective: Students will explain how GDP can be used to measure economic growth 5
6 Tuesday, October 11 Edgenuity Lesson: The Business Cycle Objective: Students will identify the stages of the business cycle Wednesday, October 12 Edgenuity Lesson: Inflation and Stagflation Objective: Students will compare and contrast inflation and stagflation. Students will also complete the unit test/catch up on Edgenuity at home. Due Monday, October 17 at 6PM. Thursday, October 13 CATCH UP DAY Friday, October 14- SCHOOLS CLOSED FOR STUDENTS 6
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