10-Nov-15

1

HONORSECONOMIC NOTEBOOK

FALL Semester, 2015

FUNDAMENTAL UNIT NOTEBOOK

In your notebook, you should have the following for the FUNDAMENTAL unit:

Notes• Fundamentals (What is Economics, Needs v. Wants. Scarcity, Basic Economic Questions,

Productive Resources, Basic Concepts, Opportunity Cost, Production Possibilities Curve, Reading the PPC, Allocation Methods, Circular Flow Chart, Specialization, Division of Labor, Adam Smith & Wealth of Nations)

• Economic Systems & Institutions (guided reading graphic organizer)

• Class Notes (Property Rights, Incentives, Market Failures, Productivity, Economic Growth)

Class Work

• Econ Lab #1 (No Free Lunches)

• Adam Smith Reading (Specialization & Division of Labor)

• Wrap Up Questions: Moving in Economic Circles

• Roles of Government Cartoon graphic organizer

• Review Sheet

Reading

• “What’s to Love About Economics?” (coded + discussion questions answered)

• “Why did the Cashier Let Biff Henderson Eat All the Free Mints?” (discussion ques.)

10-Nov-15

2

MICROECONOMIC UNIT NOTEBOOK

In your notebook, you should have the following for the MICROECONOMIC unit:

Notes• Basics (Money, Producers, Consumers, Profit Motive)

• Demand & Supply

• Market Structures Graphic Organizer (1/2 sheet)

• Business Organization Graphic Organizer (reading + graphic org)

• Price Ceilings, Price Floors, Elasticity of Demand, Elasticity of Supply

Class Work• Market in Crude Oil activity sheet

• Skillbuilder: Money (1/2 sheet)

• Activity: Demand/Supply Headlines

• Econ Writing activity

• Skillbuilder: Demand Curves/Impact on Supply (1/2 sheet)

• Skillbuilder: Elasticity of Demand

• Guided Reading (ch. 5; sect 1-3) & other practice (notebook paper)

• Review Sheet (Micro)

Reading

• “The Coffee’s Hot; Why are Bean Prices Not?” + discussion questions (answered)

MACROECONOMIC UNIT NOTEBOOK

In your notebook, you should have the following for the MACROECONOMIC unit:

Notes

Employment/Unemployment, Business Cycle, Economic Growth

Aggregate Demand & Aggregate Supply

GDP & Inflation

Monetary Policy & Federal Reserve

Fiscal Policy

Graphic Organizer: Monetary & Fiscal Policy

Mind Map: Taxes (send via Remind text)

Class Work

Southern Textile Mill (Labor Unions) questions + photo analysis

Movie Analysis Sheet – Norma Rae

Reading Activity: Measuring the Economy (sect. 2,3,4)

Skillbuilder: Aggregate Demand/Aggregate Supply

Reading Activity: Fiscal Policy (sect 4)

10-Nov-15

3

INTERNATIONAL UNIT NOTEBOOK

In your notebook, you should have the following for the MACROECONOMIC unit:

Notes

Benefits of Trade, Comparative/Absolute Advantage (guided reading notes)

Class Work

Map Activity: Where do our goods come from?

Skillbuilder: Betsy & Bert (Comparative/Absolute Advantage)

Optional Skillbuilder: Nino’s Pizza Shoppe (Comparative/Absolute Advantage)

Reading Activity: The U.S. & the Global Economy (sect 4,5)

Skillbuilder: Exchange Rates