Mr. Ditzenberger-Economics
Lessons: Business Organizations Time: Week 8, March 3rd-7th Unit: Business and Labor
Objectives:
1. Students will organize and discuss material regarding monopolistic competition and oligopoly.
2. Students will provide examples of government regulation.
3. Students will compare the different types of business organizations.
4. Students will write and explain the significant elements of corporations.
Monday
1. Finish reading section 2.
2. Lecture-Monopolistic Competition and Oligopoly.
3. LTE 92-112. Quiz on Friday.
Tuesday
1. Regulation-Lecture
2. Four Price fixing articles. Jigsaw. (15 minutes) 1 2 3 4 (20 min)
Wednesday
1. Test
Thursday
1. Lecture-Business Organizations
2. Read partnerships. Quiz tomorrow
Friday
1. Quiz
2. LTE Quiz: 92-112
3. Read section 3, 195 and 196 and organize the information in a way that makes sense.
4. Read section 3, 197-199 and do the same-organize the information graphically or linearly.
Monday, March 10th
1. Entrepreneurs. Watch the Anschutz biography. Read a biography. Then share your biography with two other people. Discover any common elements in their life.
2. Research (computer lab 3rd floor is booked) their life. Submit a two page (body) typed, double-spaced, in-text cited, bibliographed, biographical report on an entrepreneur of your choice by Monday. A title page must be included.
3. Preview: http://www.idebate.org/debatabase/topic_details.php?topicID=168 for tomorrow’s debate.
Friday, February 29, 2008
Friday, February 22, 2008
Week 7, Syllabus
Mr. Ditzenberger-Economics
Lessons: Market Structures Time: Week 7, February 25th-29t Unit: Markets
Objectives:
1. Students will analyze supply and demand forces and how they affect market equilibrium.
2. Students will simulate free markets and analyze the inherent problems that a purely free market presents.
3. Students will discern between free market, monopolistic, and monopolistic competition conditions.
4. Students will analyze, through reading and debate, the pros and cons of government intervention into the petroleum market (regulation and deregulation).
Monday
1. Finish section 2-cuves on board.
2. Curves Activity
3. Read it and WIIP article.
4. Section 3 Quiz tomorrow.
5. LTE 84-91. Qz Thursday.
6. Unit Test on Tuesday.
Tuesday
1. Section 3 Quiz.
2. Arm Wrestling Competition simulation (10 min)
a. everyone can participate.
b. many consumers-most of the class pays a dollar to watch.
c. everyone who enters must also pay a dollar.
What are some things that we could do/could have done to make this more competitive? Less competitive?
3. Agree/Disagree Chart-Competition. (5 min)
4. Read section 1. (15 min) and discuss. Complete Agree/Disagree again with new knowledge. (15 min)
5. Begin reading Section 2. Finish for homework. Section 2 quiz tomorrow. mna-2076
Wednesday
1. Quiz-mna 2076 (5 min)
2. Fill out Graphic Organizer as the class reads section 3. (20 min)
3. Four Price fixing articles. Jigsaw. (15 minutes) 1 2 3 4 (20 min)
4. Homework: Read section 4 and answer 1-4 on pg 176 for homework.
5. Homework: Chapter 7 test on Thursday.
Thursday
1. LTE Quiz, 84-91.
2.. Read Debating Current Issues: Oil and Energy Dependence pages 180 and 181. Pair up. One person reads one article the other reads the other article. After reading, each person shares what they think to the other for 30 sec (no interruptions). Switch after 30 sec.
3. Chalk Talk-Review unit-demand, supply, prices, and market structures.
4. Unit test on Tuesday.
Friday
1. In service. No school!
Lessons: Market Structures Time: Week 7, February 25th-29t Unit: Markets
Objectives:
1. Students will analyze supply and demand forces and how they affect market equilibrium.
2. Students will simulate free markets and analyze the inherent problems that a purely free market presents.
3. Students will discern between free market, monopolistic, and monopolistic competition conditions.
4. Students will analyze, through reading and debate, the pros and cons of government intervention into the petroleum market (regulation and deregulation).
Monday
1. Finish section 2-cuves on board.
2. Curves Activity
3. Read it and WIIP article.
4. Section 3 Quiz tomorrow.
5. LTE 84-91. Qz Thursday.
6. Unit Test on Tuesday.
Tuesday
1. Section 3 Quiz.
2. Arm Wrestling Competition simulation (10 min)
a. everyone can participate.
b. many consumers-most of the class pays a dollar to watch.
c. everyone who enters must also pay a dollar.
What are some things that we could do/could have done to make this more competitive? Less competitive?
3. Agree/Disagree Chart-Competition. (5 min)
4. Read section 1. (15 min) and discuss. Complete Agree/Disagree again with new knowledge. (15 min)
5. Begin reading Section 2. Finish for homework. Section 2 quiz tomorrow. mna-2076
Wednesday
1. Quiz-mna 2076 (5 min)
2. Fill out Graphic Organizer as the class reads section 3. (20 min)
3. Four Price fixing articles. Jigsaw. (15 minutes) 1 2 3 4 (20 min)
4. Homework: Read section 4 and answer 1-4 on pg 176 for homework.
5. Homework: Chapter 7 test on Thursday.
Thursday
1. LTE Quiz, 84-91.
2.. Read Debating Current Issues: Oil and Energy Dependence pages 180 and 181. Pair up. One person reads one article the other reads the other article. After reading, each person shares what they think to the other for 30 sec (no interruptions). Switch after 30 sec.
3. Chalk Talk-Review unit-demand, supply, prices, and market structures.
4. Unit test on Tuesday.
Friday
1. In service. No school!
Wednesday, February 20, 2008
Chapters 4-7 Test Review
M/C-inferior goods, unitary elasticity, total revenue, demand schedule, elasticity of demand, operating costs, quantity supplies, marginal cost, elasticity of supply, variable costs, supply curve and elasticity, price ceiling, equilibrium, rationing, equilibrium, search costs, shortage and disequilibrium, supply, government monopoly, non-price competition, monopolistic competition, perfect competition, deregulation, start-up costs, monopolistic competition, barriers to entry, perfect competition
Matching-subsidy, supply schedule, supply curve, elasticity of supply, excise tax, law of supply, variable cost, increasing marginal returns, diminishing marginal returns, marginal revenue, marginal product of labor, marginal cost, market supply schedule.
Increasing marginal returns, diminishing marginal returns, marginal revenue, marginal product of labor, marginal cost, supply schedule, quantity supplied, market supply curve, total cost, law of supply, variable, elasticity of supply, regulation.
-Give an example of how a consumer’s expectation that price will go down in the future can affect his or her desire to buy something today. Does this always have the same effect on present buying patterns?
-How does the budget percentage that a person spends on a certain good affect the elasticity of demand for that good? Give a specific example.
-What is the difference between a change in quantity demanded and a shift in the demand curve?
-Give an example of a good or service that may change in elasticity over time rather than immediately, and discuss why this happens.
-What role can advertising play in a shift in demand? Give a specific example.
-How is elasticity of supply related to elasticity of demand?
-What causes supply to grow as price rises?
-Why doesn’t the supply increase when a new owner buys an existing facility that is producing a good, since there is a new supplier?
-What are the major advantages of a distribution system based on price?
-Give an example of the way that the Internet has reduced start-up costs for some businesses.
Matching-subsidy, supply schedule, supply curve, elasticity of supply, excise tax, law of supply, variable cost, increasing marginal returns, diminishing marginal returns, marginal revenue, marginal product of labor, marginal cost, market supply schedule.
Increasing marginal returns, diminishing marginal returns, marginal revenue, marginal product of labor, marginal cost, supply schedule, quantity supplied, market supply curve, total cost, law of supply, variable, elasticity of supply, regulation.
-Give an example of how a consumer’s expectation that price will go down in the future can affect his or her desire to buy something today. Does this always have the same effect on present buying patterns?
-How does the budget percentage that a person spends on a certain good affect the elasticity of demand for that good? Give a specific example.
-What is the difference between a change in quantity demanded and a shift in the demand curve?
-Give an example of a good or service that may change in elasticity over time rather than immediately, and discuss why this happens.
-What role can advertising play in a shift in demand? Give a specific example.
-How is elasticity of supply related to elasticity of demand?
-What causes supply to grow as price rises?
-Why doesn’t the supply increase when a new owner buys an existing facility that is producing a good, since there is a new supplier?
-What are the major advantages of a distribution system based on price?
-Give an example of the way that the Internet has reduced start-up costs for some businesses.
Sunday, February 17, 2008
Friday, February 15, 2008
Week 6, Syllabus
Mr. Ditzenberger-Economics
Lessons: Supply and Market Structures Time: Week 6, February 18th-22nd Unit: How Markets Work
Objectives:
1. Students will analyze and organize their team’s portfolios to demonstrate their understanding of diversification in a portfolio.
2. Students will read about modern examples of a supply chain and factors that can disrupt supply.
3. Students will create a demand and supply curve and mark a point of equilibrium.
4. Students will examine the factors that lead to falling prices of certain goods and rising prices for other goods.
5. Students will explore the basic principles of free competition.
Monday
1. Diversification lesson in computer lab-3rd floor.
Tuesday
1. Finish reading and discussing section 3.
2. Chapter 5 test-mna-2051 open book.
Wednesday
1. Read and discuss page 125 and 126a.
2. In groups of three, each person chooses two products and makes a demand curve for each product, they then pass the demand curve to another person on their team and they complete the graph by making a supply curve. The third person then charts and explains the point of equilibrium and makes a combined supply and demand schedule.
3. Read and discuss 126b, 127, and 128.
4. Homework: finish rest of the chapter for tomorrow. Do 1-7 (the entire section review/assessment) for homework).
5. LTE Quiz-(70-84) on Friday.
Thursday
1. Senior Pictures?
2. Section 2-read pages 133, 134, and 135a.
3. Read and discuss WSJ article on falling prices for some products, rising for others.
4. Read 135b-137. Read: Read it and Wiip: Nintendo Wii still a hard find (unit 2)
5. Section 3 for homework.
Friday
1. Arm Wrestling Competition simulation (10 min)
a. everyone can participate.
b. many consumers-most of the class pays a dollar to watch.
c. everyone who enters must also pay a dollar.
What are some things that we could do/could have done to make this more competitive? Less competitive?
2. Agree/Disagree Chart-Competition. (5 min)
3. Read section 1. (15 min) and discuss. Complete Agree/Disagree again with new knowledge. (15 min)
4. Begin reading Section 2. Finish for homework. Section 2 quiz tomorrow. mna-2076
Lessons: Supply and Market Structures Time: Week 6, February 18th-22nd Unit: How Markets Work
Objectives:
1. Students will analyze and organize their team’s portfolios to demonstrate their understanding of diversification in a portfolio.
2. Students will read about modern examples of a supply chain and factors that can disrupt supply.
3. Students will create a demand and supply curve and mark a point of equilibrium.
4. Students will examine the factors that lead to falling prices of certain goods and rising prices for other goods.
5. Students will explore the basic principles of free competition.
Monday
1. Diversification lesson in computer lab-3rd floor.
Tuesday
1. Finish reading and discussing section 3.
2. Chapter 5 test-mna-2051 open book.
Wednesday
1. Read and discuss page 125 and 126a.
2. In groups of three, each person chooses two products and makes a demand curve for each product, they then pass the demand curve to another person on their team and they complete the graph by making a supply curve. The third person then charts and explains the point of equilibrium and makes a combined supply and demand schedule.
3. Read and discuss 126b, 127, and 128.
4. Homework: finish rest of the chapter for tomorrow. Do 1-7 (the entire section review/assessment) for homework).
5. LTE Quiz-(70-84) on Friday.
Thursday
1. Senior Pictures?
2. Section 2-read pages 133, 134, and 135a.
3. Read and discuss WSJ article on falling prices for some products, rising for others.
4. Read 135b-137. Read: Read it and Wiip: Nintendo Wii still a hard find (unit 2)
5. Section 3 for homework.
Friday
1. Arm Wrestling Competition simulation (10 min)
a. everyone can participate.
b. many consumers-most of the class pays a dollar to watch.
c. everyone who enters must also pay a dollar.
What are some things that we could do/could have done to make this more competitive? Less competitive?
2. Agree/Disagree Chart-Competition. (5 min)
3. Read section 1. (15 min) and discuss. Complete Agree/Disagree again with new knowledge. (15 min)
4. Begin reading Section 2. Finish for homework. Section 2 quiz tomorrow. mna-2076
Monday, February 11, 2008
Sunday, February 10, 2008
Friday, February 8, 2008
Week 5, Syllabus
Mr. Ditzenberger-Economics
Lessons: Demand and Supply Time: Week 5, Feb 11-15 Unit: How Markets Work
Objectives:
1. Students will apply the fundamental concepts of supply and demand to realistic scenarios.
2. Students will respond to the basic factors of elasticity.
3. Students will list the different components and implications of the law of supply.
4. Students will analyze how global changes influence supply.
Monday
1. The substitution and income effect. Read and study these two subsections. Give an example of each one to someone sitting next to them. Continue by reading Demand Schedule and Demand Graph subsections.
2. Students make a demand schedule and then a demand (personal and market) curve based on a product that students choose. They then show it to someone else in their group to see if it follows the same principles.
3. What factors, besides price, could change the demand curve? –read “What Causes a Shift?”-page 86.
5. Read section 2, Shifts of the demand curve-complete Key Terms and Main Ideas on page 88.
6. Read Learn to Earn 55-70. Quiz on Friday.
Tuesday
1. Guided reading, section 3. Students will answer two questions about each red section (Calculating Elasticity, Factors Affecting Elasticity, Elasticity and Revenue. Answer questions 9-16 for homework on page 99.
2. Read article-Shift in Demand because of Population-Korean wine consumption
for homework if necessary.
Wednesday
1. Law of Supply-lecture.
2. Read Costs of Production section. Define the key terms on page 108. Write a sentence using the term that fits its meaning.
Thursday
1. Discussion of Game (15 min)
2. Do companies have a financial, legal, or ethical obligation to their workers? (This question fits under variable costs)
3. Read and discuss Section 2.
Friday
1. Factors of Supply-rising costs, technology, subsidies, taxes, regulation.
2. How can global changes affect supply?
-future expectation of prices, number of suppliers, location of suppliers (example of Dell computers in “The World is Flat”).
3. Chapter 5 test-mna-2051 open book.
Lessons: Demand and Supply Time: Week 5, Feb 11-15 Unit: How Markets Work
Objectives:
1. Students will apply the fundamental concepts of supply and demand to realistic scenarios.
2. Students will respond to the basic factors of elasticity.
3. Students will list the different components and implications of the law of supply.
4. Students will analyze how global changes influence supply.
Monday
1. The substitution and income effect. Read and study these two subsections. Give an example of each one to someone sitting next to them. Continue by reading Demand Schedule and Demand Graph subsections.
2. Students make a demand schedule and then a demand (personal and market) curve based on a product that students choose. They then show it to someone else in their group to see if it follows the same principles.
3. What factors, besides price, could change the demand curve? –read “What Causes a Shift?”-page 86.
5. Read section 2, Shifts of the demand curve-complete Key Terms and Main Ideas on page 88.
6. Read Learn to Earn 55-70. Quiz on Friday.
Tuesday
1. Guided reading, section 3. Students will answer two questions about each red section (Calculating Elasticity, Factors Affecting Elasticity, Elasticity and Revenue. Answer questions 9-16 for homework on page 99.
2. Read article-Shift in Demand because of Population-Korean wine consumption
for homework if necessary.
Wednesday
1. Law of Supply-lecture.
2. Read Costs of Production section. Define the key terms on page 108. Write a sentence using the term that fits its meaning.
Thursday
1. Discussion of Game (15 min)
2. Do companies have a financial, legal, or ethical obligation to their workers? (This question fits under variable costs)
3. Read and discuss Section 2.
Friday
1. Factors of Supply-rising costs, technology, subsidies, taxes, regulation.
2. How can global changes affect supply?
-future expectation of prices, number of suppliers, location of suppliers (example of Dell computers in “The World is Flat”).
3. Chapter 5 test-mna-2051 open book.
Thursday, February 7, 2008
Tuesday, February 5, 2008
1st Quarter Project-Using Money to Earn Money
1st Quarter Project-Using Money to Earn Money
You will work in pairs for this project. First, you are assigned an occupation. The age of the person working is about 28 and has five years of experience in his/her field. You will need to write a description of the person, including his/her typical week, hobbies, family engagements, marital status, parenting status (kids or no kids), and non-profit volunteering they might be involved in. You are trying to create a virtual person in this phase of the project. You should also include the person’s salary. You should submit a one page, typed, double-spaced paper for this section (no bullets Miki ). It is due on February 12th.
Next, a budget must be created. The budget must be thorough. It should cover every regular monthly expense and miscellaneous categories for those expenditures that inevitably arise, but are unpredictable. Taxes and leisure activities are a necessary part of any budget. You will need to find out how much to pay in taxes each month. You can estimate your federal taxes at the following site: http://www.finance.cch.com/sohoApplets/TaxEZ1040.asp. You also need to estimate your FICA and your California income taxes (you can use the following table to estimate your CA income taxes: http://www.ftb.ca.gov/forms/07_forms/07_5402eztt.pdf ).
The budget is due on February 19th.
The third step involves creating an investment portfolio. This is the heart of the project. You can use your Learn to Earn book and your textbook (Chapter 11 will be helpful). Also, www.about.com is an excellent resource to use to get started. Check out these sites from about.com:
http://financialplan.about.com/ -this page is a good place to start.
http://financialplan.about.com/od/personalfinance/tp/personalfinance101.htm -this page covers budgeting and more
http://financialplan.about.com/od/planningforlifestages/Planning_for_Life_Stages.htm -this page deals with financial issues that arise at certain points in life-pre-marriage, marriage, marriage with kids, etc.
http://financialplan.about.com/od/retirementplanning/Retirement_Planning.htm -check out tips on retirement planning from this page.
You can and should use other resources other than about.com. The resources that you are using to help make wise stock market investment decisions will, in most cases, be useful in developing an investment portfolio for your person. You must use at least four sources. If about.com is used, it counts as one source, even if different pages are used. The sources must be reputable. If you have a question about whether a source is reputable, please ask your teacher first. Your investment portfolio will be based on how much money you have to spend based on your budget. Your budget has to be approved by me, so you cannot manipulate the numbers.
The third step is due March 4th. Please submit a hard copy and an electronic copy via email to my school account (kditzenberger@ics.edu.sg). The investment portfolio must include a brief list of the investments followed by a double-spaced, page-long, written explanation of the decisions that were made in developing the portfolio. I may give a copy of your plan to an investment advisor to analyze for your benefit, so an electronic copy will help facilitate this. If you have a low paying career, you can use any excess money or credit that you may have to make an investment in additional education.
The fourth and final step is to simply evaluate whether your plan has worked-have you made your life better by the financial decision you have chosen? In this section, you should take a typed, double-space page (minimum) and answer the following question-what worked and what would I change that I have control over? The fourth step is due March 11th. When the fourth step has been completed, the four steps must be revised according to any comments made by the teacher and submitted as one project.
The project is due on the 20th (the last day of the quarter, however, it can be turned in early. If you have several tests the last couple of days, you may want to have this done early). Any investments must be tracked and charted on a bi-weekly basis (Monday and Thursday or Tuesday and Friday) through the 14th. If stocks are purchased, a 2% brokerage fee must be deducted. Yahoo has widgets that can help with the tracking of stock prices. There are other tools available as well to make this fairly easy.
A rubric will follow soon. Sorry that I do not have it ready yet. Please take the weekend off. This weekend is meant for you to enjoy with your family, especially if you are of Chinese or Korean ancestry. Happy New Year!
You will work in pairs for this project. First, you are assigned an occupation. The age of the person working is about 28 and has five years of experience in his/her field. You will need to write a description of the person, including his/her typical week, hobbies, family engagements, marital status, parenting status (kids or no kids), and non-profit volunteering they might be involved in. You are trying to create a virtual person in this phase of the project. You should also include the person’s salary. You should submit a one page, typed, double-spaced paper for this section (no bullets Miki ). It is due on February 12th.
Next, a budget must be created. The budget must be thorough. It should cover every regular monthly expense and miscellaneous categories for those expenditures that inevitably arise, but are unpredictable. Taxes and leisure activities are a necessary part of any budget. You will need to find out how much to pay in taxes each month. You can estimate your federal taxes at the following site: http://www.finance.cch.com/sohoApplets/TaxEZ1040.asp. You also need to estimate your FICA and your California income taxes (you can use the following table to estimate your CA income taxes: http://www.ftb.ca.gov/forms/07_forms/07_5402eztt.pdf ).
The budget is due on February 19th.
The third step involves creating an investment portfolio. This is the heart of the project. You can use your Learn to Earn book and your textbook (Chapter 11 will be helpful). Also, www.about.com is an excellent resource to use to get started. Check out these sites from about.com:
http://financialplan.about.com/ -this page is a good place to start.
http://financialplan.about.com/od/personalfinance/tp/personalfinance101.htm -this page covers budgeting and more
http://financialplan.about.com/od/planningforlifestages/Planning_for_Life_Stages.htm -this page deals with financial issues that arise at certain points in life-pre-marriage, marriage, marriage with kids, etc.
http://financialplan.about.com/od/retirementplanning/Retirement_Planning.htm -check out tips on retirement planning from this page.
You can and should use other resources other than about.com. The resources that you are using to help make wise stock market investment decisions will, in most cases, be useful in developing an investment portfolio for your person. You must use at least four sources. If about.com is used, it counts as one source, even if different pages are used. The sources must be reputable. If you have a question about whether a source is reputable, please ask your teacher first. Your investment portfolio will be based on how much money you have to spend based on your budget. Your budget has to be approved by me, so you cannot manipulate the numbers.
The third step is due March 4th. Please submit a hard copy and an electronic copy via email to my school account (kditzenberger@ics.edu.sg). The investment portfolio must include a brief list of the investments followed by a double-spaced, page-long, written explanation of the decisions that were made in developing the portfolio. I may give a copy of your plan to an investment advisor to analyze for your benefit, so an electronic copy will help facilitate this. If you have a low paying career, you can use any excess money or credit that you may have to make an investment in additional education.
The fourth and final step is to simply evaluate whether your plan has worked-have you made your life better by the financial decision you have chosen? In this section, you should take a typed, double-space page (minimum) and answer the following question-what worked and what would I change that I have control over? The fourth step is due March 11th. When the fourth step has been completed, the four steps must be revised according to any comments made by the teacher and submitted as one project.
The project is due on the 20th (the last day of the quarter, however, it can be turned in early. If you have several tests the last couple of days, you may want to have this done early). Any investments must be tracked and charted on a bi-weekly basis (Monday and Thursday or Tuesday and Friday) through the 14th. If stocks are purchased, a 2% brokerage fee must be deducted. Yahoo has widgets that can help with the tracking of stock prices. There are other tools available as well to make this fairly easy.
A rubric will follow soon. Sorry that I do not have it ready yet. Please take the weekend off. This weekend is meant for you to enjoy with your family, especially if you are of Chinese or Korean ancestry. Happy New Year!
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