A.G.B.U.M.H.S Economics TWS April 22nd- May 3rd (Quarter 4, Semester 2) Mrs. Bushong 12.5.2: Define, calculate and explain the significance of an unemployment rate, the number of new jobs created monthly, an inflation or deflation rate, and a rate of economic growth. 12.6.2: Compare the reasons for and the effects of trade restrictions during the Great Depression compared with present-day arguments among labor, business, and political leaders over the effects of free trade on the economic and social interests of various groups of Americans. Date M 4.22 Discussion/ Lecture/ Activity Lesson Objectives DUE: 2nd part of STEP THREE Homework STUDY! Teacher Guidance/Student Review: Unit 3 Study Guide T 4.23 Unit 3 Test W 4.24 TH 4.25 NO SCHOOL: Genocide Memorial Day Warm-Up: Imagine you are a factory worker: Would you support unionization?/Participate in organizing a union?/Participate in a strike? EXPLAIN YOUR ANSWERS Direct Instruction: Chapter 10, Section 1: Money Guided Practice: Explain assignment Student Application: The Six Characteristics of Money” (pg 252-3)— In a chart, list characteristics & explain how the dollar fits all 6 requirements Closure: Review what students need to do for the final presentation of their Senior Projects (Due: May 7th), then @ random choose what day partners will present (May 7th-10th) Catch Up Day (for whenever Senior Ditch Day is…) F 4.26 M 4.29 T 4.30 W 5.1 TH 5.2 Warm-Up: How does barter work?/How is this different from how $ works?/What might happen if currency was not portable? Direct Instruction: Chapter 10.3: Banking Today Guided Practice: Explain assignment Student Application: See “Major Components of the Money Supply” pg 265/As a class: In a 2 –column chart, list the types of electronic banking and write a 2-3 sentence description (pg 271-2) Closure: Review Final Presentation for Senior Project Warm-Up: If you are planning to leave money in a savings account for 10 years, would it be better to receive simple interest or compound interest? Why?/ In what ways are debit cards and store-value cards (gift cards) similar? How are they different? Direct Instruction: Chapter 11.1: Saving and Investing Guided Practice: Guide student application Student Application: Figure 11.2 (pg 280) Types of Risk & Chapter 11.1 & 11.2 Handout—Risks and Rewards & Choosing Financial Assets Closure: Discuss handout/ EXIT SLIP (if time) Warm-Up: Why are bonds bought and sold?/Would you prefer a savings bond or a junk bond? Why? Direct Instruction: Chapter 11.3: The Stock Market (all) Guided Practice: Guide students in first questions Student Application: Chapter 11.3 Assessment Qs 1, 3-5, 9 Closure: Review questions Warm-Up: Students guess the country with the highest GDP; discuss GDP of top 10 countries Direct Instruction: Chapter 12.1: Gross Domestic Product Guided Practice: Model assessment Student Application: Chapter 12.1 Assessment Qs 1-4 & 7 Closure: Review answers/ Explain STEP 3 None Students demonstrate an understanding of the uses of money by comparing with bartering; Evaluate how a commodity fits the characteristics of money and describe the source of its value None Senior Project: Final Presentation (Due May 7th) Senior Project: Final Presentation (Due May 7th) Students demonstrate understanding how the money supply is measured; Identify the services offered by banks Students identify the ways savings and investing benefit the free enterprise system Students evaluate the benefits and risks of buying stock by comparing them to buying bonds Senior Project: Final Presentation (Due May 7th) Senior Project: Final Presentation (Due May 7th) Senior Project: Final Presentation (Due May 7th) Senior Project: Final Presentation (Due May 7th) F 5.3 Warm-Up: When you think about the words Great Depression, what images come to mind? Direct Instruction: Chapter 12.2: Business Cycles (all) Guided Practice: Review EQJ as a class Student Application: Essential Qs Journal: Ups and Downs Closure: Review Final Presentation: Due May 7th Senior Project: Final Presentation (Due May 7th) How is corruption an economic crime? Use examples from the Ted Talk, including Trinidad and Tobago. http://www.ted.com/talks/afra_raymond_three_myths_about_corruption.html TED TALK: How do we create more jobs? http://www.ted.com/talks/jennifer_granholm_a_clean_energy_proposal_race_to_the_top.html