Tuesday, March 3rd, 2015

Administrivia:
-Pass out notes, quizzes, etc.
-Have enough paper?
-What page are you on?

Quick Test:  Economy, Capitalism, Communism, Socialism, Profit, Societal value of the profit motive, Surplus value of labor, union, Competition, Exploitation.

Definition: Economy: cold call definitions.

Circle -- Scenario: Pretend you are an adult, married and have a 13-year old son who is very, very good at football -- so good he will likely go to college on a football scholarship.  If you were offered a good paying job in both Rumford and Cape Elizabeth, and both towns had equally good football programs, where would you chose to live?

Question: Does it matter where you live if you want to get everything you want and need? Why yes and why no? Write your reasoning.

Demographic Exploration: Looking at Rumford Demographics and Cape Elizabeth Demographics, how are the two places different? ONLY different, not better or worse.

Demographic Evaluation: Using your reasoning, explain, using the demographic information, which place is quantifiably better and why.

Reading: Read the article "Here Comes the Neighborhood." Use information from the article to explain what could the economic advantages be moving from Rumford to Cape Elizabeth?

Documentary:  The Rivals
While we watch, take notes gathering information that will help you decide where to live.


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ELA Learning Target
Integrate and evaluate multiple sources of information presented in different media or formats (e.g., visually, quantitatively) as well as in words in order to address a question or solve a problem.
Success Criteria: You will be able to use The Beans of Egypt, Maine; Mock Economy; Roger and Me; The Rivals; "Here Comes the Neighborhood" and census data to answer the question: Where do you want to live?

Social Studies Learning Target
1) Explain and analyze the possible role of government in personal, business and national economies.
2) Apply the concepts of specialization, economic interdependence and supply and demand as they relate to economic conditions or issues.
Success Criteria: In addition to answering the ELA focus questions, you will be able to answer the questions:
a) How does capitalism plays in distribute wealth?
b) How does environment/culture encourage or inhibit aspirations?
c) Explain what capitalism and socialism are and give examples of both in the Oxford Hills.
d) Explain the possible roles of government in improving and supporting a capitalist economy.
e) Explain what"Surplus value of labor" is and the role it play in capitalism.
f)  Explain are the benefits of capitalism?
g) What are the weaknesses of capitalism?