Monday, December 7, 2015

Chapter 11 Measuring a Nations Economy

Gross National Product defined                                                                                                                                
GNP components or economic groups                                                                                                                                                        GNP how calculated                                                                                                                                  nominal GNP                            
real GNP                                                                                                                      
 per capita GNP                                                                                                      
 Final good                                                                                      
 Intermediate good             
Durable                                                                                         
Non durable                                                                                                                      
New Home sales?                                                                                                                 
Items not included in GDP                                                                                                                         deflator defined and calculated                                                                                                                Reasons why imports outnumber exports                     
Free Trade                                                                                                   
Protectionists                                                                                                            
National Industrial Policy    

Thursday, August 22, 2013

Economics 2014-15

Economics Class Information 2014-15

An understanding of the Science of Economics can help you to become wise in the following areas.

1. The use of money.
2. Investing for the future.
3. Making sound decisions.
4. Evaluating government programs and politician’s promises.
5. Being a steward of the gifts the Lord has blessed each one of us with.
6. The steps and the process of starting and running your own business.

Scope and Sequence of Economics

1. Chapter 1 What is Economics
2. Introducing the Stock Market Game
3. Chapters 2-3 Demand and Supply
4. Chapter 5 What is the Economic Problem
5. Chapter 4 Workings of a National Economy
6. Chapter 11 Measuring the Wealth of a Nation

Group Presentations:

As seniors you will be asked to thoroughly research and teach one of five topics to the rest of the class.  The following chapters will be taught by a group of 2 students (1 student will have an opportunity to create a lesson for 1 of the chapters) over the course of 2 days to the rest of the class. The five topics are:

Ch. 6 Economic Systems

Ch. 7 Forms of Business Ownership

Ch. 8 Market Structure and Competition & Ch. 9 Money and Banking

Ch. 13 Inflation

Ch. 16-17 Consumer Credit and Cash Management, Savings

The material covered in the presentations will be divided into three tests prepared by Mr. Demchak. They are:

1. Chapters 6-7                                                                                                                                  
2. Chapters 8 & and 9                                                                                          
3. Chapters 13, 16 and 17

Guidelines for a successful presentation

Each group is to research, study and prepare the subject matter so that they can teach it to the rest of the class. The text book will guide you concerning topics to cover, but you will have to gather and use updated information in your presentation. Each two day presentation worth 100 points will include:

1. An exhibit, power point, prezi or website format.

2. An oral presentation and discussion time.

3. A handout to be used by the class to take notes during the presentation and also as a study guide to review for a test on the material covered in the presentation.

4. Current data and information. The use of out dated data or information is not acceptable. Research will be required to obtain and current information.

5. An outline of your presentation ONE WEEK IN ADVANCE of the presentation.

6. Main economic terms defined and applied to the topic.

7. Evidence that you prioritized your topic. Including important and excluding nonessential data.

8. The lesson should have interactive and practical elements.


 Economics 2014-15 Syllabus

Things to bring everyday:

1. File folder- three ring binder to be used exclusively for history class.
• Notes/Handouts to be kept in the three ring binder.                                                                              
2. Textbook: Economics for Christian Schools Bob Jones University Press
3. Paper, Pencil, and Pen
• Failure to bring school supplies to class could result in disciplinary action or points off your grade.

General Rules for the Classroom

1. Follow directions the first time they are given.
2. Be in your seat when the bell rings.
3. Come to class with all materials mandated by the teacher.
4. Do not talk while the teacher or someone else is speaking.
5. Stay in your seats unless given permission to get up.
6. Keep hands, feet, and all objects to yourself.

Grading

A= 100-93 B= 92-85 C= 84-73 D= 72-65 F= 64 and below

How grade is determined

• 75% Tests, Quizzes, Projects/Essays/Oral reports/Stock Market Game
• 25% Homework Assignments
• Final Exam 1/7

Specific Rules

Journal Entries and “Hot Call”-
 I will also be using these devices from time to time to review homework or to review the lesson

I’m here to help- If you have problems or questions I am here to help. See me before school (I get here by 7:35), during the break, before class, at lunch, or after school. EMAIL demchakmj@aol.com

Absences- In the case of an ordinary absence, students have the number of days they are absent to make up work. All absent work should be turned in marked “absent” after an absence. In the case of absences due to more serious needs or retreats, I will work with you to arrange a plan by which you can make up missed assignments. Please initiate this effort if needed. Long term projects are due on the assigned date regardless of whether you can come to class that day.

Late work – Students can turn in any assignment late for half credit. The deadline for homework turned in late is the day of the chapter test that the assignment pertains to. No late work is accepted after the deadline – no exceptions. Please turn it in marked “Late”

Plagiarism – All work turned into me should be the students own work. Plagiarism includes but is not limited to: copying someone’s answers on a test, homework, or other assignment; letting someone copy answers on a test, homework, or other assignment; copying information from a book, magazine, encyclopedia, web site, or other source and portraying this information as something you have written. Working with someone else should not produce identical answers to every question. You are not prohibited from working with a friend, but you are expected to form separate responses.

Extra credit- Extra credit assignments will be given from time to time. Extra credit cannot exceed 3% of the student’s total points for the quarter. One extra credit assignment that students can take advantage of is as follows:
1. Using the pages assigned for homework, the student is to write the main idea for each subsection in the form of a topic sentence.

2. Write two supporting sentences for each topic sentence.

Sunday, October 14, 2012

Chapter 2-3 Key Terms


Market*

Demand*

demand schedule*

law of demand*

diminishing marginal utility*

income effect

substitution effect

demand curve*

normal goods*

inferior goods

substitute good*

complementary good*

change in demand

Business firm*

Improve technology*

change in quantity demanded*

Supply*

supply schedule*

law of supply

supply curve*

change in supply*

change in quantity supplied*

Surplus*

Shortage*

Price ceiling*

Three functions of prices

Market equiibrium*

Demand shifts to the left or right*

Supply shifts to the left or right*

Tuesday, August 28, 2012

Economics Class Information 2012-13

An understanding of the Science of Economics can help you to become wise in the following areas.

1. The use of money.
2. Investing for the future.
3. Making sound decisions.
4. Evaluating government programs and politician’s promises.
5. Being a steward of the gifts the Lord has blessed each one of us with.
6. The steps and the process of starting and running your own business.

Scope and Sequence of Economics

1. Chapter 1 What is Economics
2. Introducing the Stock Market Game
3. Chapters 2-3 Demand and Supply
4. Chapter 5 What is the Economic Problem
5. Chapter 4 The Workings of a National Economy
6. Chapter 11 Measuring the Wealth of a Nation

Group Presentations:
The following chapters (6-9 and 13, 16-17) will be presented orally over two days to the class by a group of 2 students. Each group is to research, study and prepare the subject matter so that they can teach it to the rest of the class. The text book will guide you concerning topics to cover, but you will have to gather and use up to date informationin your presentation. Each two day presentation worth 100 points will include:

1. An exhibit, power point, or website format.

2. An oral presentation and discussion time.

3. A handout to be used by the class to take notes during the presentation and also as a study guide to review for a test on the material covered in the presentation.

4. Current data and information. The use of out dated data or information is not acceptable. Research will be required to obtain and present current information.

5. An outline of your presentation ONE WEEK IN ADVANCE of the presentation.

6. Main economic terms defined and applied to the topic.

7. Evidence that you prioritized your topic. Including important and excluding non essential data.

8. The lesson should have interactive and practical elements.

The 3 tests will cover (I will make the tests)

1. Chapters 6-7                                                                                                                                         2. Chapters 8 & and 9                                                                                                                              3.Chapters 13, 16 and 17

Ch. 6 Economic Systems

Ch. 7 Forms of Business Ownership

Ch. 8 & and 9 Market Structure and Competition- Money and Banking

Ch. 13 Inflation

Ch. 16-17 Cash Management, Savings, and Consumer Credit

Tuesday, August 23, 2011

Economics Syllabus

Things to bring everyday:

1. File folder- three ring binder to be used exclusively for history class.
• Notes/Handouts to be kept in the three ring binder. 2. Textbook: Economics for Christian Schools Bob Jones University Press
3. Paper, Pencil, and Pen
• Failure to bring school supplies to class could result in disciplinary action or points off your grade.

General Rules for the Classroom

1. Follow directions the first time they are given.
2. Be in your seat when the bell rings.
3. Come to class with all materials mandated by the teacher.
4. Do not talk while the teacher or someone else is speaking.
5. Stay in your seats unless given permission to get up.
6. Keep hands, feet, and all objects to yourself.

Grading

A= 100-93 B= 92-85 C= 84-73 D= 72-65 F= 64 and below

How grade is determined

• 75% Tests, Quizzes, Projects/Essays/Oral reports/Stock Market Game
• 25% Homework Assignments
• Final Exam 1/7

Specific Rules

Journal Entries and “Hot Call”-
I will also be using these devices from time to time to review homework or to review the lesson

I’m here to help- If you have problems or questions I am here to help. See me before school (I get here by 7:35), during the break, before class, at lunch, or after school. EMAIL demchakmj@aol.com

Absences- In the case of an ordinary absence, students have the number of days they are absent to make up work. All absent work should be turned in marked “absent” after an absence. In the case of absences due to more serious needs or retreats, I will work with you to arrange a plan by which you can make up missed assignments. Please initiate this effort if needed. Long term projects are due on the assigned date regardless of whether you can come to class that day.

Late work – Students can turn in any assignment late for half credit. The deadline for homework turned in late is the day of the chapter test that the assignment pertains to. No late work is accepted after the deadline – no exceptions. Please turn it in marked “Late”

Plagiarism – All work turned into me should be the students own work. Plagiarism includes but is not limited to: copying someone’s answers on a test, homework, or other assignment; letting someone copy answers on a test, homework, or other assignment; copying information from a book, magazine, encyclopedia, web site, or other source and portraying this information as something you have written. Working with someone else should not produce identical answers to every question. You are not prohibited from working with a friend, but you are expected to form separate responses.

Extra credit- Extra credit assignments will be given from time to time. Extra credit cannot exceed 3% of the student’s total points for the quarter. One extra credit assignment that students can take advantage of is as follows:
1. Using the pages assigned for homework, the student is to write the main idea for each subsection in the form of a topic sentence.
2. Write two supporting sentences for each topic sentence.

Wednesday, January 19, 2011

Senior Roundtable

Objective:
To present for discussion, political and cultural topics from a Biblical point of view. Our main source of information will be World magazine. It examines the main issues of our time from a Biblical perspective. You can also use worldmag.com for reference and additional research. I have also posted additional references on my class blog.

Format: Each issue of World includes articles that focus on culture, international or domestic stories (Feature Articles), the main story, and opinion essays (editorials). World is published bi- monthly. Each student will be assigned articles (1 per week) from one of the four topics with each issue. We will discuss the articles in each issue over the course of a two week period of time.
Starting the week of January 31
• Monday’s – Culture and Education articles
• Tuesday’s- Feature Articles
• Wednesday's – The Main Story
• Thursday’s – Editorials
• Fridays – Political Cartoons and Articles not discussed Monday-Thursday

Your grade will be based on your contribution to your individual presentation, your written report and your contribution to class discussions.

Group 1
Group 2
Group 3
Group 4
Group 5


Week of
Jan. 31
1) Culture&Ed 2) Feature Articles 3) Main Story 4) Editorials 5) Cartoons

Feb. 7 1) Cartoons 2) Culture &Ed 3) Feature Articles 4) Main Story 5) Editorials

Feb 21 1) Editorials 2) Cartoons 3) Culture&Ed 4) Feature Articles 5) Main Story

Mar. 7 1) Main Story 2) Editorials 3) Cartoons 4) Culture&Ed 5) Feature Articles

Mar. 21 1) Feature Articles 2) Main Story 3) Editorials 4) Cartoons 5) Culture&Ed

Apr. 4 1) Culture&Ed 2) Feature Articles 3) Main Story 4) Editorials 5) Cartoons

Tuesday, November 2, 2010

Economics 2011

The proper understanding of the Science of Economics can help you to become wise in the following areas.


1. The use of money.

2. Investing for the future.

3. Making sound decisions.

4. Evaluating government programs and Politician’s promises.

5. Being a steward of the gifts the Lord has blessed each one of us with.

6. The steps and the process of starting and running your own business.


Scope and Sequence of Economics
1. Chapter 1 What is Economics


2. Introducing the Stock Market Game


3. Chapters 2-3 Demand and Supply


4. Chapter 5 What is the Economic Problem


5. Chapter 4 The Workings of a National Economy


6. Chapter 11 Measuring the Wealth of a Nation


Group Presentations:

The following chapters (6-9 and 13-18) will be presented orally over two days to the class by a group of 3-4 students. Each two day presentation worth 100 points will include:


1. An exhibit, power point, or website format.

2. An oral presentation and discussion time.

3. A handout to be used by the class to take notes during the presentation and as a study guide to review for a test on the material covered in the presentation.

4. Current data and information. The use of out dated data or information is not acceptable.

5. An outline of your presentation ONE WEEK IN ADVANCE of the presentation.

6. Main economic terms defined and applied to the topic.


7. Evidence that you prioritized your topic. Including important and excluding non essential data.

8. The lesson should have interactive and practical elements.



The 3 tests will cover Chapters 6-9 Chapters 13&15 Chapters 16-18

Ch. 6 Economic Systems Thursday and Friday November 11 and 12



Ch. 7 Forms of Business Ownership Monday and Tuesday November15 and 16



Ch. 8 & 9 Market Structure and Competition & Money Wednesday and Thursday November 17 and 18


Ch. 13 Inflation


Ch. 15 Budgeting and Buying


Ch. 16-17 Cash Management, Savings, and Consumer Credit


Ch. 18 Financial Planning- Insuring your Home, Auto, Health, and Life