Lesson on Tuesday, May 15, 2018

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government?

Bell Ringer: Journal 40 – Which agencies listed in the table are familiar to you? Which affect you directly? Why? Re: Figure 7.4

Objectives:

1. SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).

Agenda:
1. Bell Ringer (10 min)
2. Current Events (10 min)
3. Begin 'Market Structures' Concept Map and Note-taking guide presentations. (rest of class)
4. Have students complete the note-taking guide as each group presents their designated topic.

Home Learning: Complete Concept Map

Lesson on Monday, May 14, 2018

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government?

Bell Ringer: Read p. 184 "Spotlight on the Economy" re: Lord of the Rings.


Objectives:

1. SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).


Agenda:

1. Bell Ringer (10 min)
2. Journal 39 – How does lack of competition increase prices for the consumer? (10 min)
3. Have students work on a concept map about their assigned section of the Market Structures note-taking guide. (rest of class)


Home Learning: Complete Concept Map

Lesson on Thursday, May 10, 2018

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government? 

Bell Ringer:  Review Journal 37 

Objectives: 

1. SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition). 

2. SS,912.E..3.6: Differentiate and draw conclusions about historical economic thought theorized by economists.  
3. 
   

Agenda: 

1. 1. Bell Ringer (10 min) 

2. 2. Introduce Chapter 7 (handout: assumptions) 

https://www.youtube.com/watch?v=9Hxy-TuX9fs  (Market Structures) (10/15 min) 

3. Assign groups. (5 min) 

4. 3. Have students complete the note-taking guide (Market Structures) using their textbook (McGraw-Hill Economics Principles and Practices pp. 168-167193), online resources, or class notes as appropriate. Teachers may want to guide students through completing the notes, have students work in small groups, or independently. (rest of class) 
5. 
   

Home Learning:  

1. Work on designated section of the NTG Section 1 Review: 2 – 5 / to be completed in the additional boxes located at the end of the NTG 

Lesson on Wednesday, May 9, 2018

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government? 

Bell Ringer: Review Previous Exam 

Objectives: 

1. SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).  
2. 
   

Agenda: 

1. 1. Bell Ringer (10 min) 
2. 
   
3. 2. 

2. Journal 34 – Describe Compound Interest. (10 min) 

https://www.youtube.com/watch?v=wf91rEGw88Q  

3. 

3. Journal 35 – List and describe the different types of savings accounts. (10 min) 

https://www.youtube.com/watch?v=3QuYcbJUNSQ types of bank accounts.  

4. 

4. Journal 36 – What are the different types of bonds? (10 min) 

https://www.youtube.com/watch?v=IuyejHOGCro  

Home Learning:  

Journal 37 – What's the difference between a debit and credit card?  

https://www.youtube.com/watch?v=YnVDNeclMI8 

Lesson on Tuesday, May 8, 2018

Aim: If prices act as "signals," do we all react to the signals in exactly the same way?  

Bell Ringer: Current Events 

Objectives: 

1. 1. SS.912.E.1.8 Explain ways firms engage in price and nonprice competition.  

2. 2. SS.912.E.1.4 Define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. 

Agenda: 

1. Bell Ringer (10 min)  

2. Price & Decision Making QQT  

3. Price & Decision Making Quiz 

Home Learning: NO HW 

Lesson on Monday, May 7, 2018

Aim: If prices act as "signals," do we all react to the signals in exactly the same way?   

Bell Ringer: Review Chapter 6 Assessment “Review Content Vocabulary”  

Objectives: 

1. 1. Students will explain ways firms engage in price and non-price competition.   

2. 2. Students will define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place.  

Agenda: 

1. Bell Ringer (10 min)  

2. Complete 'Price & Decision Making' Concept Map and Note-taking guide presentations. (rest of class)  

3. Have students complete the note-taking guide as each group presents their designated topic. 

Home Learning: 

1. Chapter 6 Assessment "Review Academic Vocabulary" 

Please be ready for tomorrow's EXAM. 

We are approaching the end of the school year so the no-late assignments rule WILL be enforced.