CP Economics & Economics

Transcription

1 Pacific Charter Institute Teacher Generated Student Workbook CP Economics & Economics By: Janelle Martinez, Art Price, Cheryl Siu, and April Todd 2016

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3 Assignment 1B FUNDAMENTAL ECONOMIC CONCEPTS FLASHCARDS 1-6 Directions: Complete the flashcards by using the Study Blue or My Study Life App (enabling you to use your phone to study), or by filling in the right side of the following chart with the explanation (found on page 1 of your text) in your own words. Cut out the cards on all lines except the center vertical line. Fold the cards on that center vertical line so the writing is outside. Study the concepts with your flashcards. These will be on your test. Concept Explanation Scarcity and Cost Opportunity Cost and Trade Offs Productivity Economic Systems Economic Institutions and Incentives Exchange, Money, and Interdependence Page 3

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5 1B MICROECONOMIC CONCEPTS FLASHCARDS 7-12 Directions: Complete the flashcards by using the Study Blue or My Study Life App (enabling you to use your phone to study), orby filling in the right side of the chart with the explanation (found on page 1 of your text) in your own words. Then cut out the cards on all lines except the center vertical line. Fold the cards on that center vertical line so the writing is outside. Study the concepts with your flashcards. These will be on your test. Concept Explanation Market and Prices Supply and Demand Competition and Market Structure Income Distribution Market Failures The Role of Government Page 5

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7 1B MACROECONOMIC CONCEPTS FLASHCARDS Directions: Complete the flashcards by using the Study Blue or My Study Life App (enabling you to use your phone to study), orby filling in the right side of the chart with the explanation (found on page 1 of your text) in your own words. Then cut out the cards on all lines except the center vertical line. Fold the cards on that center vertical line so the writing is outside. Study the concepts with your flashcards. These will be on your test. Concept Explanation Gross Domestic Product Aggregate Supply and Aggregate Demand Unemployment Inflation and Deflation Monetary Policy Fiscal Policy Page 7

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9 1B INTERNATIONAL ECONOMIC CONCEPTS FLASHCARDS Directions: Complete the flashcards by using the Study Blue or My Study Life App (enabling you to use your phone to study), orby filling in the right side of the chart with the explanation (found on page 1 of your text) in your own words. Then cut out the cards on all lines except the center vertical line. Fold the cards on that center vertical line so the writing is outside. Study the concepts with your flashcards. These will be on your test. Concept Explanation Absolute and Comparative Advantages & Barriers to Trade Exchange Rates and the Balance of Payments International Aspects of Growth and Stability Page 9

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11 Economics Pretest: Assignment 1E How Well Do You Understand Our Economy? Directions: Following each question are five statements. Place an X in the space before each statement which provides a reasonable answer to the question. There may only be one that is correct, or there may be as many as four! Page 11

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15 Name: Week: Teacher: CURRENT EVENTS WORKSHEET ASSIGNMENT 3C Directions: Find an article either in the newspaper or online from a newspaper source, Time.com, The Sacramento Bee, USA Today, The New York Times, etc., or any other reputable national or local source. Read the article and fill out the statements or answer the questions below. You may not use articles on Entertainment/Gossip or Sports. Please find and read about important issues in our world today. Because this is a current events assignment you are to choose an article that is no more than a month old from when the assignment is given. Read the Rubric at the end of the worksheet to complete all the requirements for this assignment. Attach the article to the worksheet. Topic of Article: Title of Article: Source: WHO is this article about? WHAT is this story about? List four important facts from your article WHEN did this story take place? Page 15

16 WHERE is this event or issue occurring? (Specify city, country, region, etc.) WHY is this story important? CONNECT to the article. What does it have to do with you? Can it be connected to anything we learned or are learning about in class? Grading will be based on the following rubric: 4 Entire Current Event assignment displays the following requirements for each question/statement above: Demonstrates thoughtfulness, preparation, and accuracy. Reflects real understanding of the story and the issues. Follows directions. Is complete, neat, and provides a deep analysis connected to the class. Asks and answers a provocative (for discussion purposes) question. 3 Current Event assignment is complete, but does not fully explore or analyze the topic. 2 Current Event assignment lacks 3 of the requirements, but does not fully explore or analyze the topic. 1 Current Event assignment lacks 4 of the requirements or is poorly analyzed. Page 16

17 Name: Week: Teacher: CURRENT EVENTS WORKSHEET ASSIGNMENT 3C Directions: Find an article either in the newspaper or online from a newspaper source, Time.com, The Sacramento Bee, USA Today, The New York Times, etc., or any other reputable national or local source. Read the article and fill out the statements or answer the questions below. You may not use articles on Entertainment/Gossip or Sports. Please find and read about important issues in our world today. Because this is a current events assignment you are to choose an article that is no more than a month old from when the assignment is given. Read the Rubric at the end of the worksheet to complete all the requirements for this assignment. Attach the article to the worksheet. Topic of Article: Title of Article: Source: WHO is this article about? WHAT is this story about? List four important facts from your article WHEN did this story take place? WHERE is this event or issue occurring? (Specify city, country, region, etc.) Page 17

18 WHY is this story important? CONNECT to the article. What does it have to do with you? Can it be connected to anything we learned or are learning about in class? Grading will be based on the following rubric: 4 Entire Current Event assignment displays the following requirements for each question/statement above: Demonstrates thoughtfulness, preparation, and accuracy. Reflects real understanding of the story and the issues. Follows directions. Is complete, neat, and provides a deep analysis connected to the class. Asks and answers a provocative (for discussion purposes) question. 3 Current Event assignment is complete, but does not fully explore or analyze the topic. 2 Current Event assignment lacks 3 of the requirements, but does not fully explore or analyze the topic. 1 Current Event assignment lacks 4 of the requirements or is poorly analyzed. Page 18

19 Assignment 3F 1. You will need to mail a check to pay your cell phone bill. Fill in the following: a. Write in today's date b. Pay: Cell City c. Amount: $53.40 d. Amount in words: Fifty- three and 40/ (make sure you carry your line to the end) e. Memo: Cell Phone f. Sign your name 2. You borrowed money from your aunt last month and need to pay her back. a. Write in today's date b. Pay: Helen Parker c. Amount: $25.00 d. Amount in Words: Twenty- Five and 00/ e. Memo: Loan f. Sign your name 3. You need to pay the Electric bill. a. Write in today's date b. Pay: SMUD c. Amount: $62.47 d. Amount in words: Sixty-Two and 47/ e. Memo: electric f. Sign your name Page 19

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21 4P's Unit 1 Review Assignment 4E Page 21

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23 Gender Pricing Project Assignment 7D Directions: Do some people pay more than other people for the same things simply because of their gender? Research the topic and complete the chart below the first is done for you. On the back of this page, list your sources of information for each item. Item More Expensive for Females More Expensive for Males Is it justified? Explain why or why not: 1 Hair Cuts X Possibly women s hair is often longer and the styles more elaborate and therefore require more 2 time and skill to cut Page 23

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25 4P's Unit 2 Review Assignment 8E Page 25

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27 Name: Week: Teacher: CURRENT EVENTS WORKSHEET ASSIGNMENT 11C Directions: Find an article either in the newspaper or online from a newspaper source, Time.com, The Sacramento Bee, USA Today, The New York Times, etc., or any other reputable national or local source. Read the article and fill out the statements or answer the questions below. You may not use articles on Entertainment/Gossip or Sports. Please find and read about important issues in our world today. Because this is a current events assignment you are to choose an article that is no more than a month old from when the assignment is given. Read the Rubric at the end of the worksheet to complete all the requirements for this assignment. Attach the article to the worksheet. Topic of Article: Title of Article: Source: WHO is this article about? WHAT is this story about? List four important facts from your article WHEN did this story take place? Page 27

28 WHERE is this event or issue occurring? (Specify city, country, region, etc.) WHY is this story important? CONNECT the article. What does it have to do with you? Can it be connected to anything we learned or are learning about in class? Grading will be based on the following rubric: 4 Entire Current Event assignment displays the following requirements for each question/statement above: Demonstrates thoughtfulness, preparation, and accuracy. Reflects real understanding of the story and the issues. Follows directions. Is complete, neat, and provides a deep analysis connected to the class. Asks and answers a provocative (for discussion purposes) question. 3 Current Event assignment is complete, but does not fully explore or analyze the topic. 2 Current Event assignment lacks 3 of the requirements, but does not fully explore or analyze the topic. 1 Current Event assignment lacks 4 of the requirements or is poorly Analyzed. Page 28

29 Name: Week: Teacher: CURRENT EVENTS WORKSHEET ASSIGNMENT 11C Directions: Find an article either in the newspaper or online from a newspaper source, Time.com, The Sacramento Bee, USA Today, The New York Times, etc., or any other reputable national or local source. Read the article and fill out the statements or answer the questions below. You may not use articles on Entertainment/Gossip or Sports. Please find and read about important issues in our world today. Because this is a current events assignment you are to choose an article that is no more than a month old from when the assignment is given. Read the Rubric at the end of the worksheet to complete all the requirements for this assignment. Attach the article to the worksheet. Topic of Article: Title of Article: Source: WHO is this article about? WHAT is this story about? List four important facts from your article WHEN did this story take place? WHERE is this event or issue occurring? (Specify city, country, region, etc.) Page 29

30 WHY is this story important? CONNECT the article. What does it have to do with you? Can it be connected to anything we learned or are learning about in class? Grading will be based on the following rubric: 4 Entire Current Event assignment displays the following requirements for each question/statement above: Demonstrates thoughtfulness, preparation, and accuracy. Reflects real understanding of the story and the issues. Follows directions. Is complete, neat, and provides a deep analysis connected to the class. Asks and answers a provocative (for discussion purposes) question. 3 Current Event assignment is complete, but does not fully explore or analyze the topic. 2 Current Event assignment lacks 3 of the requirements, but does not fully explore or analyze the topic. 1 Current Event assignment lacks 4 of the requirements or is poorly Analyzed. Page 30

31 Name 12D: Video Quiz: Economics: Macroeconomic Concepts 1. War had a negative impact on the Gross National Product of all countries. 2. All of these people are contributing to: 3. Inflation in their countries 4. The Gross National Product of their countries 5. Trade policies of their countries 6. Deflation in their countries 7. This German company operating in the United States is contributing to: a. The United States GNP and Germany s GDP b. Germany s Federal Budget c. The United States GDP and Germany s GNP d. Deflation in the United States and inflation in Germany 8. How much of the population of the United States was unemployed during the height of the Great Depression? a. One fifth b. One quarter c. One twenty fifth d. One third 9. Monetary policy is: 10. Determined by corporations 11. The same as fiscal policy 12. An aggregate 13. The government is able to increase or decrease the amount of money in circulation Page 31

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33 4P's Unit 3 Review Assignment 12E Page 33

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35 CIA World Factbook WebQuest: Business Abroad Sales and Production (14D & 15D) Adapted from: This project can be done by individuals or teams. 1. Choose a (non-food/non-hygiene) product that you buy: 2. You have just been hired in the international division of a multinational corporation that makes to become an expert on other countries. Your recommendations will determine if the company will expand its sales to new countries. Your company is also considering building a branch plant to produce in these countries. 3. Your job is to prepare a report on three countries: one in Asia, one in Europe, and one in South America. To get the facts, you hop on the Web and start with the CIA Factbook of information about all countries. After following the links to the latest Factbook, you want to collect the following information for your report: Where is each country located and what is its physical size? Are they larger or smaller than the United States? What is the geography like? Will it impact sales/production? How many people live there? Since your company's product is sold to adults (or teens), how many adults live there? (Note: if this product is for a different age group, you need to research that age of population.) What are the main methods of transportation in these countries? Will this be a factor to consider? Compare their climates to the climate where you live. Are they hotter? Are they dryer? What kind of crops are grown there? Do they have resources available for production of your product? Are their governments democracies? If not, what are they? Who is the current head of the government? What impact will this have on sales or production? What kind of an economy does each country have? Answer each of the following: Is it primarily market-based, command, or traditional? Is it a rich or poor country? What is the GDP per capita? Compare this to your own country. What is the unemployment rate? Is unemployment a problem in this country? What are wages like? How will that impact production and sales? What is the country's money called? How much of your own country's money could you get for one of this country's unit of money? If your company put a branch operation there, would it be satisfied with the communications system? Do most people in the country have telephones, for example? Would sales be reasonable there? In other words, would anyone want/need your product? Page 35

36 Search the web to find out more information about each country. End your report with a recommendation to your boss about building a new plant there and/or sales and distribution. 4. Your report should be presented as a PowerPoint. Use pictures, graphs and charts to compare each country. Be sure to end with a slide of sources in MLA format. Rubric: Country 1: Country 2: Country 3: People/population Geography Climate Transportation Communications Government Economy: Type/GDP Economy: Wages/ Money Feasibility explained Mechanics and Presentation Totals: Key: 1= not well researched or presented: facts may be missing, or the presentation is not clear and raises too many unanswered questions 2= researched and presented: most facts are presented, presentation is adequate, but may be boring or childish 3 = well researched and presented: facts are presented and implications for production and sales explained, presentation is clear and aesthetically pleasing, very professional Grade = points earned: A= B= C= D= F= 0 27 THIS PAGE INTENTIONALLY LEFT BLANK Page 36

37 15A MARXIST ECONOMIES IN THE WORLD TODAY Page 37

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39 1. Computing Monthly Net Income 16F Monthly Budget Report Sheet Gross Income FICA Amount Medicare Tax Federal Tax State Tax Net Income $ $ $ $ $ $ 2. Monthly Expenditures Rent Vehicle Cost Per Month Monthly Vehicle Insurance Payment Monthly Renters Insurance Cost Monthly Payment Student Loan(s) Monthly Phone Cost Utilities Monthly Cost (total from below) Cable$ Electric/Gas $ Water $ Trash $ Other$ Monthly food/clothing costs (minimum $200 for food) Entertainment Costs Monthly Gas/Maintenance Savings / Deposits Contributions/Donations Total Monthly Expenditures Monthly Net (bring home) Income Monthly Surplus/Deficit + or - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Page 39

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41 4P's Unit 4 Review Assignment 17D Page 41

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43 Grading Rubric for Senior Economics/ The Life Project Basic Format Requirements Typed Title Page that lists your name, name of school, class, teacher, school year, and date completed. Each activity in the project is to be completed on a separate sheet of paper and then put into a booklet to be turned in to the teacher for evaluation. Table of Contents Works Cited page Activity Requirements Comments 1. JOB /10 2. BANK /10 3. HOUSING /10 4. TRANSPORTATION /10 5.GAS CONSUMPTION /5 6. INSURANCE /10 Describe your choice of a career/income expected Note resources used to obtain information about this specific career Complete a sample copy of a W4 form and the state form List wages, frequency of paydays/insurance provided Estimate taxes deducted Include information on a checking account, online banking services, a savings account, an ATM card, and credit cards List fees for services, interest rates, overdraft protection, and limits on accounts Complete a sample application from a bank. Any pamphlets/advertisements containing information on the financial application will also be accepted List what services/benefits are included in the rent, the location of the apartment, and other information necessary for housing Apartment ad and/or application. If sharing an apartment with another person, you must give their name. Picture or ad of the car you want Completed sample loan application from a car dealership/financial institution Information on current interest rates for car loans/car costs, reliability, impact on the budget DMV fees included in the budget List approximately how many miles will be driven per week. When considering how far to drive to work, refer to the location of the company desired and the location of living arrangement, which have already been determined. Also, consider visits to the grocery store, visits to friends/relatives, entertainment, etc. List how many miles per gallon your car averages. List estimated maintenance costs and a brief explanation. Name of the auto insurance company, coverage listed on the vehicle, and the monthly cost of the policy. The same information for renter s insurance What about medical insurance? Page 43

44 7. CELL PHONE/ TELEPHONE /5 8. UTILITIES /5 9. FOOD and CLOTHING /5 10. ENTERTAINMENT/ MISCELLANEOUS /5 11. SAVINGS /5 12. DONATIONS /5 Type of phone/plan List the company, the monthly costs and particulars including minutes included and other necessary information. Duration of the contract? List the type of utility and the company you will receive it from (Different areas have different electric companies, etc.) Estimate the amount you will pay per month Research at least three resources that give tips for saving money on day-to-day expenses and discuss the tips. Include a sample menu for one week (please eat a balanced diet not Top Ramen every meal!) and the cost of the foods on that menu Provide a picture of a typical outfit required for your job. List the cost of the items in the outfit. List the activities/entertainment/miscellaneous and explain why these activities/hobbies are important and why you chose to spend money on them as opposed to other activities. Are these wise financially? Again, what strategies will you use to make your dollar go further? Identify the current interest rate on a personal savings account at your bank or whether your employer has a company pension plan or contributes to an IRA for you. Determine if your employer has a company pension plan or contributes to an IRA for you. You must allow for both types of savings accounts in your budgets and discuss your financial goals related to these categories. (see requirements below) You will research what institution you will contribute to, list details about it, and why it was chosen. 13. CREDIT/DEBTS /5 14. BUDGET SPREADSHEET/ REPORT /10 Extra Credit: /10 Points /100/TOTAL Estimate student loan amount or national average and set up a payment plan in budget. Part of good credit is keeping your reputation clear. Go to annualcreditreport.com and check your credit files for free. (You should do this once per year.) Research credit scores and how to improve them. Be sure to include the impact a credit score has on individual interest rates. If you decide that a credit card is something that you can handle, and worth the risk, then research the card that you are interested in. Complete spreadsheet in Excel Complete report Activity Chosen: (Circle One) Website Review Stocks Financial Goals DESCRIPTION- Activity Requirements (There are 14 activities listed above and each has its own unique requirements. Activities will be worth 5 or 10 points each. You will receive full credit if each requirement is met according to the teacher s expectations) Page 44

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