Friday, February 29, 2008

Week 8, Syllabus

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 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!

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.

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

Sunday, February 10, 2008