ECONOMICS FOR THE WEEK STARTING 12/2/13 MONDAY DAY 2 12/2 TUESDAY DAY 1 12/3 WED. Day 2 12/4 CLASS: 1. Business Organizations (Why do some fail where others succeed?) 2. Class Act: Negotiating a Partnership CLASS: CLASS: CLASS: 1. Class Act: Negotiating a Partnership 2. Trade Activity: Identify 3 items of value (Q: How do you determine a “fair” trade?) CLASS: 1. Ch. 7 / C. 8 Quiz CLASS OBJECTIVES: 1) Understand the advantages and disadvantages of sole proprietorship 2) Understand the advantages and disadvantages of partnerships 3) Understand the advantages and disadvantages of corporations 4) Understand the purpose of the different types of organizations CLASS OBJECTIVES: CLASS OBJECTIVES: CLASS OBJECTIVES: 3) THURSDAY Day 1 12/5 CLASS OBJECTIVES: FRIDAY Day 2 12/6 2. Notes: Money: Its Characteristics and Function 1. STUDENTS WILL BE ABLE DISCUSS THE ORIGINS OF MONEY 2. STUDENTS WILL BE ABLE TO DISTINGUISH THE FUNCTIONS OF MONEY IN OUR SYSTEM VOCAB: Sole Proprietorship License VOCAB: VOCAB: VOCAB: Money Barter Medium of exchange Standard of value Store of value Specie Representative money Fiat money Commodity money PRACTICE: PRACTICE: PRACTICE: Liability Fringe Benefits Partnership (Types) Franchise Corporation Mergers Conglomerates Cooperatives Trade Association PRACTICE: Non-Profits PRACTICE: 1. Read: Ch. 10 / Sec. 1 (pg. 232237) 2. Ch. 7 / C. 8 Quiz Recollections of Pine Gulch WS