Friday, February 29th, 2016

Administrivia
Pass in your Things They Carried Books, if you have not.
Pass out folders

Circle: What's more important, family or the neighborhood you live in?

Economics Unit Objective: To understand economics and different types of economic systems.
Success Criteria:
1. Students will be able to explain the role capitalism plays in distributing wealth.
2. Students can explain how environment/culture can encourage or inhibit aspirations.
3. Students can identify elements of socialism in a capitalist economy.
4. Students can identify and explain the possible roles of government in an capitalist economy.
5. Students can explain the role the"Surplus value of labor" plays in capitalism.
6. Students can explain the "Societal value of the profit motive."

Vocal quiz
Economy
Capitalism
Socialism
Communism

Friday Economics Quiz
Period 7+8
1. Explain the difference between macroeconomics and microeconomics.
2. Video's definition of economy.
3. Why are incentives important to economic policy?
4. Why didn't  John Green make the video about economics?  Use cost-benefit-choice language.
5. What is opportunity cost?
6. Why is the idea of scarcity important in economics?

Periods 5+6
1. Give an example of an incentive and explain how it works.
2. What is the difference (with examples) between micro and macro economics?
3. Explain how cost and benefit relate.
4. Explain what scarcity has to do with economics.
5. What is opportunity cost?



Activity: Playing the Stock Market
Students can explain the role investment and speculation plays in capitalism
Today, you'll be investing in the stock market at Marketwatch. We'll watch this video, then give directions.

HONORS Activity: Connecting to One Local Small Business
Students can explain the role competition plays in capitalism
Before February break, interview in person an owner or manager of any local business asking these questions:

1. What is the most effective thing you do to maximize your profit?
2. Who is your closest competitor?
3. What skill do prospective employees have to possess to compete for a job in your company?
4. What does your company do better than your competition?
5. What's the biggest challenge your company faces?

What do you feel about capitalism?
Take this survey

Activity: Bean of Egypt, Maine
You'll attempt to make predictions in a text based on the first chapter.
We will read the first chapter in The Beans of Egypt, Maine then make predictions as to where the characters will end up. For homework, you will be reading the chapter "Meat."

Unit: Writing about literature
After completing this unit, you will be able to determine how an author develops a theme in  a literary text.
Today, we will focus economics in your book.  Specifically, what does your character want, and how are they getting it?
1) Read for 30 minutes examining the text for economics.
2) When completed, write down an example of dialogue from the text. Then explain what the dialogue says about the character.  Try to determine the motivation of the character is saying what they say.
3) Share at your table
4) Cold call findings

Friday Economics Quiz
Periods 5+6
1. Give an example of an incentive and explain how it works.
2. What is the difference (with examples) between micro and macro economics?
3. Explain how cost and benefit relate.
4. Explain what scarcity has to do with economics.
5. What is opportunity cost?

Period 7+8
1. Explain the difference between macroeconomics and microeconomics.
2. Video's definition of economy.
3. Why are incentives important to economic policy?
4. Why didn't  John Green make the video about economics?  Use cost-benefit-choice language.
5. What is opportunity cost?
6. Why is the idea of scarcity important in economics?