Objective: Unit 1 Topic E: The United States in
the Global Economy
1. Warm up—What is comparative advantage?
2. Overview of comparative advantage,
absolute advantage, specialization, and
exchange.
3. Reading : Chapter 5, pages 85-99
4. Graphs: U.S trade and GDP (p86), Market for
yen (p93)
Unit I Exam Wednesday
Objective: Basic economic concepts
ESLR: Critical thinkers
1. Warm up—What is an externality?
2. Externality discussed and examples
3. Public goods and Market failure: Reading
(p64), questions (p66 1-7)
4. Economics USA: Public goods and
responsibilities (video, questions,
discussion) review
Objective: Basic economic concepts
ESLR: Critical thinkers
1. Warm up—What is an externality?
2. Externality discussed
3. Economics USA: Public goods and
responsibilities (video, questions,
discussion) review
4. Public goods and Market failure: Reading
(p64), questions (p66 1-7)
Objective: Reconstruction
1. Warm up—What was Reconstruction?
2. Collect brochures
3. Reconstruction (reading, video, notes)
4. Page 189 (2-3)
Objective: Unit 1 Exam
1. Warm up—What is absolute advantage?
2. Unit I Exam
3. Unit 2 Topic A (discussion, notes)
HW Reading: Unit 2 Topic A






Warm ups from 8/13-today
Homework from chapters 1,2, 3
USA Today worksheets (2)
Supply and demand worksheet
Graphs
Any notes you want to turn in
Objective: Public goods
ESLR: Critical thinkers
1.
Warm up—What was the TVA? (see Economics USA
worksheet)
2.
Who should get public assistance? (the poor,
disabled, children, elderly, unemployed) Explain.
3.
Providing a safety net (reading p 67-70)
4.
Questions p70 (1-4, 6)
5.
Page 66 1-3
Quiz Friday
Objective: Reconstruction
1. Warm up—What was the Ku Klux Klan? What
were their 4 goals mentioned in the book?
2. Review Page 189 (2-3)
3. Summary of The Union in Peril (reading)
4. Mathew Brady (photographing the Civil War)
1. Who is Mathew Brady?
2. Find a famous photo of his of the Civil War. Write
about it. Describe the photo and the conditions it
portrays. Two paragraphs
Objective: Unit 1 Exam
1. Warm up—Explain the difference between a
good and service? Give three examples of
each.
2. Unit 2 Topic A and B (discussion, notes)
Read Chapter 6; answer 2,3,4,11,12,13 on
page 122
Objective: Public goods
ESLR: Critical thinkers
1. Warm up—What are government
redistribution programs? Give examples.
2. Questions review p70 (1-4, 6) p66 (1-3)
3. Public assistance (short video, notes)
4. Externality review
5. Making an economic argument
6. Vocabulary exercise
7. Study questions for tomorrow’s quiz
Quiz Friday
1.
2.
3.
What are public goods? Give an example.
Explain how this public good wouldn’t be
produced otherwise.
What are externalities? Give examples of
both positive and negative externalities.
What is the safety net? Give examples of
redistribution programs. Why do these
programs make good economic sense?
Objective: Reconstruction
1. Warm up—Who was Mathew Brady?
2. Mathew Brady (reviewed)
3. Summary of The Union in Peril (reading)
4. Vocabulary review worksheet
Quiz tomorrow on Chapter 4
Objective: Unit 2: National Income
1. Warm up—Explain the difference between a
durable and a nondurable good. Give
examples.
2. Unit 2 Topic A and B (discussion, notes)
3. GDP worksheet
4. Chapter 6; answer 2,3,4,11,12,13 on page
122
Objective: Public goods
ESLR: Critical thinkers
1. Warm up—Explain the opportunity cost
of eating tacos for breakfast.
2. Quiz
3. The People Bomb (1 and 2)
4. Making an economic argument
Objective: Chapter 4 Exam
1. Warm up—Why did the U.S. have a Civil War?
2. Exam on Chapter 4
3. Next steps
Objective: Unit 2: National Income
1. Warm up—List three areas of economic
activity excluded from GDP.
2. GDP worksheet
3. The Business cycle
4. Economics USA
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—How do we know the price of
a good is too high?
2. Demand (reading, questions)
3. Graphing demand
4. Economics USA—Demand
5. Supply
Objective: Chapter 5
1. Warm up—What are the Great Plains?
2. Native Americans and the West (reading
p202-203)
3. Items 1 and 2 on page 211
4. America’s Great Indian Nations (video,
notes)
Homework: Complete items 1 & 2 on page 211
Objective: Unit 2: National Income
1. Warm up—Draw the business cycle. Label
the parts. Explain the purpose of the
diagram.
2. The Business cycle reviewed
3. Unemployment
4. Economics USA reviewed
Page 144 (2, 4, 6, 9-12, 14)
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—Draw a generic demand
curve. Label the Price and quantity
properly.
2. Demand (quick review)
3. Supply (reading, notes, schedules and
graphs)
4. Economics USA—Supply
Objective: Chapter 5
1. Warm up—Who was Sitting Bull?
2. Sitting Bull (p204)
3. Review items 1 and 2 on page 211
4. Bloody Battles Continue (p206)
5. Custer’s last stand (video, notes)
6. Questions (p226 Main ideas 1-4)
Finish questions for homework
Objective: Unit 2: National Income
1. Warm up—What is the Labor Force?
2. Unemployment quick review
3. Inflation
4. How inflation changes individual and
business decisions
5. Homework review (p.144 2, 4, 6, 9-12, 14)
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—Draw a generic supply curve.
Label the Price and quantity properly.
2. Supply meets demand (notes, graphs,
questions)
3. Changes in supply and demand
(Reading, questions) p131 1-3
HOMEWORK: p 158 Reviewing the Facts
(1-8)
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—Draw a generic supply curve.
Label the Price and quantity properly.
2. Supply meets demand (notes, graphs,
questions)
3. Changes in supply and demand
(Reading, questions)p131 1,2,4 and 7
HOMEWORK: p202 Recalling facts and
Ideas (1-10)
P
Q
P
Q
$5
25
$5
5
$10
17
$10
10
$15
10
$15
15
$20
3
$20
20
1.
2.
3.
4.
5.
6.
At what price will 15 ollygoggles be
demanded?
At what price will 12 ollygoggles be
supplied?
What happens in the market at a price of
$5?
What happens in the market at a price of
$15?
What is the quantity demanded of
ollygoggles at $12.50?
What is the equilibrium price of ollygoggles?
Objective: Chapter 5
1. Warm up—What happened at the Battle of
Little Big Horn?
2. Homework Questions (p226 Main ideas 1-4)
3. Chapter 5 summary (reading, questions)
4. Chapter 5 worksheet
5. Review
Objective: Unit 2: National Income
1. Warm up—What is the CPI?
2. How inflation changes individual and
business decisions
3. Macroeconomic relationships
4. Homework review (p.144 2, 4, 6, 9-12, 14)
EXAM on Unit 2 Wednesday September 17
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—The equilibrium price of
ollygoggles is $12.50. What happens if the
price drops to $10.00? Draw a graph
representing this situation.
2. I am a pencil. (video, notes)
3. Supply and demand quick review
4. Homework check
5. Changes in supply and demand (Reading,
questions)
Objective: Chapter 5
1. Warm up—What was the Dawes Act?
2. Chapter 5 summary continued (reading,
questions)
3. Chapter 5 worksheet review
4. Chapter 5 assessment
Steven Clotzman
Room G-11





6:07
6:24
6:41
6:58
7:15
–
–
–
–
–
6:19
6:36
6:53
7:10
7:27
pm
pm
pm
pm
pm
Period
Period
Period
Period
Period
2
3
4
5
6
AP Macroeconomics
AP Macroeconomics
Honors Economics
Economics
U.S. History
Objective: Unit 2: National Income
1.
Warm up—Explain the relationship between the rate of
inflation and interest rates.
2.
Macroeconomic relationships
3.
Homework review (p.144 2, 4, 6, 9-12, 14)
4.
Is Wal-Mart good for America?
HOMEWORK ECONOMICS: Go to www.mrclotzman.com
Watch the video on YouTube OR PBS Frontline
Summarize the debate over Wal-Mart. Answer the
question: Is Wal-Mart good for America? What are the
pros and cons of Wal-Mart as a retail giant? What
business practices give them a competitive edge in the
marketplace? (3 paragraphs)
EXAM on Unit 2 Wednesday September 17
Objective: Supply and Demand
ESLR: Critical thinkers
1.
Warm up—What does it mean to say no one person
knows how to make a pencil?
2.
Normal v Inferior goods
3.
Supply and demand review
4.
Is Wal-Mart good for America? (video, notes, homework)
HOMEWORK ECONOMICS: Go to www.mrclotzman.com
Watch the video on YouTube OR PBS Frontline
Summarize the debate over Wal-Mart. Answer the question:
Is Wal-Mart good for America? What are the pros and cons of
Wal-Mart as a retail giant? What business and practices give
them a competitive edge in the marketplace? (3 paragraphs)
Objective: Chapter 5
1. Warm up—Why did Native Americans resist
assimilation into white culture?
2. The Dawes Act examined (video, notes)
3. Chief Joseph (reading, questions)
https://www.youtube.com/watch?v=eKze102dl
Pg
Objective: Unit 2: National Income
1. Warm up—What is the multiplier effect?
2. Collect Homework: Is Wal-Mart good for
America?
3. Economics USA: John Maynard Keynes
4. Macroeconomic relationships and the
Multiplier effect
HOMEWORK ECONOMICS: p163-164 (3-10)
EXAM on Unit 2 Wednesday September 17
1
MULTIPLIER= -----1 - MPC
1.
2.
3.
4.
5.
Explain the effect of $25 billion in
additional government spending with an
MPC of 80%.
Explain the effect of $50 billion reduction in
government spending with an MPC of 75%.
Explain the effect of $275 billion additional
spending in the economy with a MPC of 60%
Explain the effect of rising unemployment
that accounts for a $125 billion reduction in
household incomes with a MPC of 66%.
Explain the effect of $75 billion in
additional unemployment benefits with a
MPC of 90%.
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—How does income influence
the demand for a good?
2. Collect Homework: Is Wal-Mart good
for America? (video, notes, homework)
3. Supply and Demand practice review
4. Supply and demand worksheet
Objective: Chapter 6: Industrial revolution
1. Warm up—What do the words “rural” and
“urban” mean?
2. Letter from the factory
3. Industrialization (video)
4. Book on Industrialization. Three sections
and a map. Population growth
5. Grade test
Objective: Unit 2: National Income
1. Warm up—Explain why a $10,000,000,000
reduction in food stamps might be bad
economics.
2. Multiplier reviewed
3. Homework review
4. Examine the effect of $10,000,000,000 in
tax cuts
EXAM on Unit 2 Wednesday September 17
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—A reduction in the number of
workers will have what effect on the
overall supply of a good? Draw the
appropriate graph.
2. Supply and demand worksheet
3. Review
Objective: Chapter 6: Industrial revolution
1. Warm up—What is industrialization?
2. Industrialization (video)
3. Your book on Industrialization.
a)
b)
c)
d)
4.
Three sections
A map
A graph showing some data change
Pictures.
A letter from the factory
Objective: Unit 2: National Income
1. Warm up—Explain the relationship between
Consumption and Savings.
2. Unit 2 Exam
3. Unit 3 introduced
READING: Unit 3 Topic A
Warm ups
Homework for chapters 6, 7, and 8
WS on Econ USA, GDP, and inflation
Additional notes
Exercise for multiplier
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—People who can’t afford
ollygoggles often go to fortune tellers.
What effect will a drop in the price of
ollygoggles have on the overall demand
for fortune telling? Draw the
appropriate graph.
2. Review Supply and demand worksheet
3. Economics USA: What sets the price?
Objective: Chapter 6: Industrial revolution
1. Warm up—What advantages in production
do machines have over people?
2. Your book on Industrialization.
a)
b)
c)
d)
3.
Three sections
A map
A graph showing some data change
Pictures.
A letter from the factory (research and
writing)
Objective: UNIT III. MACROECONOMIC MODELS
AND FISCAL POLICY
Warm up—What did Keynes advocate that was
different from classical economic thinking?
Explain.
2. Aggregate Expenditures Model
3. Equilibrium GDP (p170), Net exports and
equilibrium GDP (p174), Government
spending and equilibrium GDP (p177), Taxes
and equilibrium GDP (p174), Recessionary
and inflationary expenditure gaps (p180)
4. The Commanding Heights
READING: Unit 3 Topic A (chapter 9)
1.
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—One necessary resource for
making ollygoggles is doodle-dandies. If the
price of doodle-dandies drops, what will
happen to the supply of ollygoggles? Draw
the appropriate graph.
2. Choose four graphs. Make up a market
situation that these could represent.
3. Questions (p.147 9-15, 18-22)
HOMEWORK: Take the practice quiz on the
Economics resource page at
www.mrclotzman.com. EXAM tomorrow!!!!
Objective: Chapter 6: Industrial revolution
1. Warm up—What is labor?
2. A letter from the factory (writing)
3. Your book on Industrialization.
a)
b)
c)
d)
Three sections
A map
A graph showing some data change
Pictures.
Paragraph one: Introduction, what kind of
factory, where is it located, how you got there.
Paragraph two: What you do, the conditions in
the factory, things that have happened and
what you’ve witnessed.
Paragraph three: Your future, plans,
expectations, etc.
Objective: UNIT III. MACROECONOMIC MODELS
AND FISCAL POLICY
1.
2.
3.
Warm up—What impact on GDP could we
expect with a cut in federal spending of $100
billion with an MPC of 50%. Explain the larger
economic consequences of such a cut?
Taxes and equilibrium GDP (p174),
Recessionary and inflationary expenditure
gaps (p180)
The Commanding Heights
HOMEWORK: Chapter 9 page 184 (2,4,6,8,9,10,13)
Objective: Supply and Demand
ESLR: Critical thinkers
1. Warm up—Because it takes a special skill
to make a doodle dandy, doodle dandy
makers (Doodlers) are in short supply.
What happens if a new technique for
doodling is developed? Draw the
appropriate graph.
2. Supply and demand exam
3. Complete Questions from yesterday
(p.147 9-15, 18-22)
Objective: Chapter 6: Industrial revolution
1. Warm up—What is a labor union?
2. Quick review of chapter summaries
3. Your book on Industrialization.
a)
b)
c)
d)
Three sections
A map
A graph showing some data change
Pictures.
Homework: Complete your book on
Industrialization.
Objective: UNIT III. MACROECONOMIC MODELS
AND FISCAL POLICY
1.
2.
3.
4.
Warm up—A sudden increase in interest
rates from 5% to 10% reduces overall
investment for the year by $150 billion.
What impact on GDP could we expect with
an MPC of 60%? Explain.
Savings and Investment; paradox of thrift.
Homework review: page 184
(2,4,6,8,9,10,13)
The Commanding Heights
Objective: Business and
ESLR: Critical thinkers
1. Warm up—Give three reasons some
businesses are more successful than
others.
2. A business of your own (1-3 people)
3. Chapter 8: Business organizations
(reading and questions) p207 11-13

Develop a product for sale (something new)
◦
◦
◦
◦

Describe your sphincter.
What does it do?
What is its use?
What makes it unique?
How will you produce this product
◦ Factors of production
◦ Estimate the cost of production

Outline the target market for your product
◦ Who is your customer?

Develop a specific market strategy
◦ What you will do to reach your target market?
Objective: Chapter 7: Industrial revolution
1. Warm up—What is a strike?
2. Turn in your book on Industrialization.
3. Labor and strikes (reading p247-249)
4. Main Idea questions page 250 (5-8)
5. Haymarket Martyrs (video, notes)
Objective: MACROECONOMIC MODELS AND
FISCAL POLICY
1.
2.
3.
4.
5.
Warm up—Explain the paradox of thrift.
Aggregate Demand and Aggregate Supply
Chapter 10 questions (p203-204 1-12)
Macroeconomic relationships
Commanding Heights
Objective: Business and
ESLR: Critical thinkers
1. Warm up—What is a sole
proprietorship?
2. A business of your own (prepare to
share)
3. Chapter 8: Business organizations
(reading and questions)
Objective: Chapter 7: Industrial revolution
1. Warm up—Who were the Haymarket
Martyrs?
2. The New Immigrants (p254-259)
1. Through the Golden Door
2. Life in the New Land
3. Immigration restrictions
3.
4.
Assessment (p259 2-4)
Immigration (video, notes)
Objective: MACROECONOMIC MODELS AND
FISCAL POLICY
1.
2.
3.
Warm up—What is a private closed
economy?
Quick review (relatively quick)
Commanding Heights
HOMEWORK: Finish Chapter 10 questions
(p203-204 1-12) Read Chapter 11.
Objective: Business and
ESLR: Critical thinkers
1. Warm up—What is a partnership?
2. A business of your own—posters
(prepare to share)
3. Chapter 8: Business organizations
(reading and questions)
Objective: Chapter 7: Industrial revolution
1. Warm up—What was Ellis Island?
2. Review Assessment (p259 2-4)
3. Worksheet on Immigration
4. Immigration (video, notes)
Objective: MACROECONOMIC MODELS AND
FISCAL POLICY
1.
2.
3.
Warm up—What are some disadvantages to
a private closed economy?
Review the review questions
Commanding Heights
HOMEWORK: Finish Chapter 10 questions
(p203-204 1-12) Read Chapter 11.
Objective: Business and
ESLR: Critical thinkers
1. Warm up—What is a corporation?
2. Chapter 8: Business organizations
advantages and disadvantages
3. A business of your own—posters (if
time allows, prepare to share on
Monday)
Define the following business organizations.
Give examples. Explain three advantages and
three disadvantages of each:
 Sole proprietorship
 Partnership
 Corporation
 Franchise
Objective: Chapter 7: Immigration
1. Warm up—What was the Chinese Exclusion
Act of 1882?
2. The Chinese Exclusion Act examined (in
groups chose three clauses, explain their
meaning, come up with the practical results
of these clauses
3. Video, notes
4. Review worksheets on Immigration
Objective: MACROECONOMIC MODELS AND
FISCAL POLICY
1.
2.
3.
4.
5.
6.
Warm up—What is the public debt?
What if? (video, notes)
Ownership of the public debt (p219)
Fiscal policy reviewed
Crowding out
Homework problems
HOMEWORK: Homework: page 225 (2, 5, 6,
11).
Objective: Business and
ESLR: Critical thinkers
1. Warm up—What is liability?
2. A business of your own—presentations
3. Chapter 8: Business organizations
advantages and disadvantages
(Reviewed)
4. Vocabulary review
Define the following business organizations.
Give examples. Explain three advantages and
three disadvantages of each:
 Sole proprietorship
 Partnership
 Corporation
 Franchise
Objective: Chapter 7: Immigration
1. Warm up—Give two reasons for the Chinese
Exclusion Act of 1882?
2. The Chinese Exclusion Act examined (in
groups chose three clauses, explain their
meaning, come up with the practical results
of these clauses
3. Video, notes
4. Review worksheets on Immigration
Homework: p272 Main Idea questions 3-5
Objective: MACROECONOMIC MODELS AND
FISCAL POLICY
1.
2.
3.
4.
5.
Warm up—Give three reasons why concerns
about the National Debt are overblown.
The Affordable Care Act or Obama Care:
Who knows?
Crowding out
Fiscal policy reviewed
Homework problems (Page 225 (2, 5, 6, 11).
Objective: Business and
ESLR: Critical thinkers
1. Warm up—What is a limited liability
partnership?
2.
3.
4.
The Affordable Care Act or Obama
Care: Who knows?
Chapter 8: Business organizations
(p206-207 1-8, 18, 20, 21)
The Firm (video, notes)
Objective: Chapter 7: Immigration
1. Warm up—Give two reasons for the growth
of cities during the Industrial Revolution.
2. Homework check and review (p272 Main
Idea questions 3-5)
3. The Chinese Exclusion Act (video, notes)
4. Share your posters
5. The growth of cities