April
April 27 and 28
No Journal - Take the exam
No Journal - Take the exam
April 25 and 26
Journal- What is a price ceiling? Describe one example of a price ceiling. What typically results from price ceilings? Why?
What is a price floor? Describe one example of a price floor. What typically results in price floors? Why?
Assignment- Work on the exam study guide and study for the exam next class period. Next class, turn in:
1. Lesson 3 Price System Guided notes
2. Ch. 6 Reading Guide
3. Shifting Equilibrium Worksheet Packet
4. Exam Study Guide
5. Journals (since April 12th)
Journal- What is a price ceiling? Describe one example of a price ceiling. What typically results from price ceilings? Why?
What is a price floor? Describe one example of a price floor. What typically results in price floors? Why?
Assignment- Work on the exam study guide and study for the exam next class period. Next class, turn in:
1. Lesson 3 Price System Guided notes
2. Ch. 6 Reading Guide
3. Shifting Equilibrium Worksheet Packet
4. Exam Study Guide
5. Journals (since April 12th)
Supply and Demand Exam Study Guide | |
File Size: | 15 kb |
File Type: | docx |
April 21 and 24
Read the LA Times article With housing costs skyrocketing, rent control is on the docket again in Sacramento and the East Bay Times article Bay Area Cities choosing mediation over rent control
Journal- What is your opinion about the practice of rent control? If you were a property owner in a community that had some form of rent control in place, would that change your opinion? What about if you were a tenant (someone that rents property)? Explain.
On the back of the article, make a list of the pros and cons of rent control. Respond to the journal question. Take 10 minutes to study for the quiz, and then turn in the following assignments:
1. Lesson 2 Supply Guided Notes
2. Ch. 5 Supply Reading Guide
3. Supply Worksheet Packet
4. Pearl Exchange Packet
Take Supply quiz.
Homework-Begin studying for the exam on
Read the LA Times article With housing costs skyrocketing, rent control is on the docket again in Sacramento and the East Bay Times article Bay Area Cities choosing mediation over rent control
Journal- What is your opinion about the practice of rent control? If you were a property owner in a community that had some form of rent control in place, would that change your opinion? What about if you were a tenant (someone that rents property)? Explain.
On the back of the article, make a list of the pros and cons of rent control. Respond to the journal question. Take 10 minutes to study for the quiz, and then turn in the following assignments:
1. Lesson 2 Supply Guided Notes
2. Ch. 5 Supply Reading Guide
3. Supply Worksheet Packet
4. Pearl Exchange Packet
Take Supply quiz.
Homework-Begin studying for the exam on
April 19 and 20
Journal: Complete the following based on the given headline
A. Label original equilibrium point “A”
B. Shift in supply or demand: ___________________
C. Label new curve “S1” or “D1”
D. Label new equilibrium point “B”
E. Determinant: ________________________
F. Effect on equilibrium Price:____________________
G. Effect on equilibrium Quantity: __________________
Complete the Shifting Equilibrium Scenarios for the following headlines.
1. Product: Snowboards
Headline: Burton shuts down 2 factories due to low profits
2. Product: Snowboards
Headline: Snowboard boots hit an all time low in price. Shred the GNAR!
Complete Guided Notes for the Prices Presentation. Study for the quiz on Supply and Equilibrium next class period, and begin working on the Equilibrium Packet.
Homework due next class:
1. Lesson 2 Supply Guided Notes
2. Ch. 5 Supply Reading Guide
3. Supply Worksheet Packet
4. Pearl Exchange Packet
Homework due on the date of our Exam (April 27 and April 28)
1. Lesson 3 Price System Guided Notes
2. Ch. 6 Reading Guide
3. Equilibrium Worksheet
4. Journals
Journal: Complete the following based on the given headline
A. Label original equilibrium point “A”
B. Shift in supply or demand: ___________________
C. Label new curve “S1” or “D1”
D. Label new equilibrium point “B”
E. Determinant: ________________________
F. Effect on equilibrium Price:____________________
G. Effect on equilibrium Quantity: __________________
Complete the Shifting Equilibrium Scenarios for the following headlines.
1. Product: Snowboards
Headline: Burton shuts down 2 factories due to low profits
2. Product: Snowboards
Headline: Snowboard boots hit an all time low in price. Shred the GNAR!
Complete Guided Notes for the Prices Presentation. Study for the quiz on Supply and Equilibrium next class period, and begin working on the Equilibrium Packet.
Homework due next class:
1. Lesson 2 Supply Guided Notes
2. Ch. 5 Supply Reading Guide
3. Supply Worksheet Packet
4. Pearl Exchange Packet
Homework due on the date of our Exam (April 27 and April 28)
1. Lesson 3 Price System Guided Notes
2. Ch. 6 Reading Guide
3. Equilibrium Worksheet
4. Journals
Lesson 3 Price System Guided Notes | |
File Size: | 35 kb |
File Type: | doc |
Chapter 6 Reading Guide | |
File Size: | 28 kb |
File Type: | doc |
Prices Presentation | |
File Size: | 6165 kb |
File Type: | ppt |
Shifting Equilibrium Worksheet | |
File Size: | 83 kb |
File Type: | doc |
April 14 and 18
Journal: John owns a business. He is currently selling 50 units of his product at $2.00 per unit. Recently his product has become more popular and the prices have increased to $3.00 per unit. He responds by offering 150 units at the new price.
1. Calculate the elasticity based on the price increase.
2. Is it elastic or inelastic at this price?
3. What would be a realistic example of what product John could be selling and why?
View the first part of the Equilibrium Presentation and pparticipate in the Pearl Exchange Simulation and complete the Pearl Exchange Packet (due 4/21 or 4/24).
Journal: John owns a business. He is currently selling 50 units of his product at $2.00 per unit. Recently his product has become more popular and the prices have increased to $3.00 per unit. He responds by offering 150 units at the new price.
1. Calculate the elasticity based on the price increase.
2. Is it elastic or inelastic at this price?
3. What would be a realistic example of what product John could be selling and why?
View the first part of the Equilibrium Presentation and pparticipate in the Pearl Exchange Simulation and complete the Pearl Exchange Packet (due 4/21 or 4/24).
Pearl Exchange Packet | |
File Size: | 398 kb |
File Type: |
Equilibrium Presentation | |
File Size: | 7582 kb |
File Type: | ppt |
April 12 and 13
Journal: How does the United Airlines video involving a passenger being forcibly removed from the plane affect your own demand for United Airlines flights? Would you support a boycott of United, and do you think such a plan will be successful? Should airlines be able to overbook flights? What are some pros/cons of this practice? Finish the Presentation Intro To Supply and finish the guided notes worksheet. Begin working on the Supply Packet (due 4/21) |
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Supply Packet 1 | |
File Size: | 112 kb |
File Type: | doc |
April 10 and 11
No Journal. Homework: Read Chapter 5 Section 1 and Complete Reading Guide Chapter 5 Section 1
1. Turn both Demand homework packets and Journals.
2. Study for Demand Chapter 4 Quiz
3. Take the Demand Chapter 4 Quiz.
4. View Intro To Supply Presentation and complete the Guided Notes
5. Complete Homework, Read Chapter 5 Section 1 and Complete Reading Guide Ch. 5 Sec. 1
No Journal. Homework: Read Chapter 5 Section 1 and Complete Reading Guide Chapter 5 Section 1
1. Turn both Demand homework packets and Journals.
2. Study for Demand Chapter 4 Quiz
3. Take the Demand Chapter 4 Quiz.
4. View Intro To Supply Presentation and complete the Guided Notes
5. Complete Homework, Read Chapter 5 Section 1 and Complete Reading Guide Ch. 5 Sec. 1
Intro To Supply Presentation | |
File Size: | 5819 kb |
File Type: | ppt |
Intro To Supply Guided Notes | |
File Size: | 38 kb |
File Type: | doc |
Ch. 5 Reading Guide | |
File Size: | 30 kb |
File Type: | doc |
April 6 and 7
Journal: You own the only building materials store in town. One night the news weather report indicates that your town will probably be flooded by heavy rains tomorrow night. The next morning, you notice that a lot of your customers are buying sand bags; you have lots of bags in inventory. Your price is $2.00 a bag, and you're selling 200 an hour. You decide to double your price at noon time to $4.00 a bag. You figure that customers will pay this high price because they absolutely need the bags, and you have no competition. No other stores in your area sell sand bags. Even though you double your price, you are still selling 200 bags an hour.
Explain the price elasticity for this scenario.
Now imagine that 10 makeshift roadside stands have popped up selling sand bags of saw dust and foam water absorbents to compete with. You notice that over the course of the day you are selling 50% less at $4.00 per bag than the day before. The roadside stands are selling their products for 3.00 per bag, so you decide to beat their price and sell back at $2.00 per bag. Your sales increase by 500% over the course of the day.
Explain how the price elasticity of demand has changed in this scenario.
Journal: You own the only building materials store in town. One night the news weather report indicates that your town will probably be flooded by heavy rains tomorrow night. The next morning, you notice that a lot of your customers are buying sand bags; you have lots of bags in inventory. Your price is $2.00 a bag, and you're selling 200 an hour. You decide to double your price at noon time to $4.00 a bag. You figure that customers will pay this high price because they absolutely need the bags, and you have no competition. No other stores in your area sell sand bags. Even though you double your price, you are still selling 200 bags an hour.
Explain the price elasticity for this scenario.
Now imagine that 10 makeshift roadside stands have popped up selling sand bags of saw dust and foam water absorbents to compete with. You notice that over the course of the day you are selling 50% less at $4.00 per bag than the day before. The roadside stands are selling their products for 3.00 per bag, so you decide to beat their price and sell back at $2.00 per bag. Your sales increase by 500% over the course of the day.
Explain how the price elasticity of demand has changed in this scenario.
April 4 and 5
Journal: For each of the following fictitious headlines, explain which direction the overall demand curve for jeans will shift. Will the demand curve shift right (indicating increased overall demand), shift left (indicating decreased overall demand), or does the scenario suggest movement along the curve rather a shift of the curve itself?
1. Katy Perry creates mass hysteria over new fad – denim balloon jeans. Stores sell out nationwide.
2. Report: 2nd Babyboom coming of age – 150 million kids entering into Jr. High School in 2017
3. Price of Levis skinny jeans increase; Nordstroms reports 5 million less units sold for month of May.
4. Summer approaching, 110 degree predictions for the month of June.
5. An abundance of cotton causes the price of cotton to drop. Nordstroms drops prices on jeans by 30%.
Homework: Both packets "Demand and Elasticity" and "Demand #2" are due on April 10/11.
Journals will also be turned in April 10/11. Study for the quiz on Demand and Chapter 4 on April 10/11.
Demand #2 Packet | |
File Size: | 526 kb |
File Type: |
March 17 and April 3
Journal: Elasticity of Demand can be an ethical issue. As a result of advances in medical science, physicians are having great success rates in performing life saving organ transplants. Does a person with severe heart disease have an elastic or inelastic demand for a heart transplant? How should medical science address this personal and sensitive issue of elasticity of demand? Should organs go to the highest bidder?
Assignments: Review Warm Up, finish the Demand Shifts and Elasticity Presentation from March 15-16, and begin working on the Demand and Elasticity Packet
Journal: Elasticity of Demand can be an ethical issue. As a result of advances in medical science, physicians are having great success rates in performing life saving organ transplants. Does a person with severe heart disease have an elastic or inelastic demand for a heart transplant? How should medical science address this personal and sensitive issue of elasticity of demand? Should organs go to the highest bidder?
Assignments: Review Warm Up, finish the Demand Shifts and Elasticity Presentation from March 15-16, and begin working on the Demand and Elasticity Packet
Demand And Elasticity Packet | |
File Size: | 191 kb |
File Type: |
March
Elasticity of Demand Warm Up | |
File Size: | 45 kb |
File Type: |
March 15 and 16
Journal: Do you agree with Gordon Gekko's philosophy that "greed is good" for the country? Why or why not?
Assignment: View the Presentation, examine the Elasticity of Demand section of the textbook, and Complete the Elasticity of Demand Worksheet packet due April 6th/7th
Journal: Do you agree with Gordon Gekko's philosophy that "greed is good" for the country? Why or why not?
Assignment: View the Presentation, examine the Elasticity of Demand section of the textbook, and Complete the Elasticity of Demand Worksheet packet due April 6th/7th
Demand Shifts and Elasticity Presentation | |
File Size: | 1934 kb |
File Type: | ppt |
March 13 and 14
Journal: Do you shop on Black Friday? Are the sales and cheaper prices worth the hassles? Why or why not?
Assignment: Take notes on Intro To Demand presentation, complete the Chapter 4 reading guide, and turn in the "Wall Street" worksheet next class period.
Journal: Do you shop on Black Friday? Are the sales and cheaper prices worth the hassles? Why or why not?
Assignment: Take notes on Intro To Demand presentation, complete the Chapter 4 reading guide, and turn in the "Wall Street" worksheet next class period.
intro_to_demand.ppt | |
File Size: | 3411 kb |
File Type: | ppt |
The Wall Street investment firm State Street Corp. commissioned this statue, called "Fearless Girl," and had it installed it opposite the famous bull in time for "International Women's Day" on March 8, 2017.
March 9 and 10
Read parts of these articles:
1. Bloomberg article "Where are the Women in Finance"
2. Boston Globe Article "There's No Bull in the Message Behind "Fearless Girl" Statue"
3. Marketwatch Adticle "Statue of girl symbolizing gender disparity is iconic Wall Street bull’s new companion"
As of last year, less than 10% of all U.S. fund managers are women, and women exclusively run about 2% of the industry’s assets and open-end funds. By contrast, men exclusively run about 74% of the industry’s assets and 78% of funds, with mixed-gender teams accounting for the balance... Meanwhile, studies by Credit Suisse Research Institute have shown that increasing women on corporate boards is associated with better financial performance. McKinsey & Co. and Catalyst have reached similar conclusions.
While there is a potential correlation issue here -- do well-managed firms have more women on their boards, or do women on boards make firms better managed? -- the data nonetheless are striking. CSRI reviewed 2,360 companies globally during the course of six years; their analysis found that it was “on average better to have invested in corporations with women on their management boards than in those without . . . companies with one or more women on the board have delivered higher average returns on equity, lower gearing, better average growth and higher price/book value multiples.”
And it's more than just public companies -- in the actively-managed fund business, female managers tend to outperform their male peers. Several academic studies (see this, this and this) conclude that women have better performance -- on both an absolute and a risk-adjusted basis -- than their male counterparts do . (Note that some studies in Europe haven't found a gender performance difference.)
Journal: Why are investment managers and corporate board members important, and why might some people view the tremendous gender disparity in these professions as a problem? Is there anything you think that could be done to encourage women to enter financial professions or encourage corporations to hire women to serve on corporate boards?
Assignment: Every team should now be registered on Marketwatch, own at least 4 stocks, have no more than $500 cash on hand, and have their names on the game showing the first names of the members of the team.
Watch the movie "Wall Street" and complete the worksheet with questions about the movie.
Read parts of these articles:
1. Bloomberg article "Where are the Women in Finance"
2. Boston Globe Article "There's No Bull in the Message Behind "Fearless Girl" Statue"
3. Marketwatch Adticle "Statue of girl symbolizing gender disparity is iconic Wall Street bull’s new companion"
As of last year, less than 10% of all U.S. fund managers are women, and women exclusively run about 2% of the industry’s assets and open-end funds. By contrast, men exclusively run about 74% of the industry’s assets and 78% of funds, with mixed-gender teams accounting for the balance... Meanwhile, studies by Credit Suisse Research Institute have shown that increasing women on corporate boards is associated with better financial performance. McKinsey & Co. and Catalyst have reached similar conclusions.
While there is a potential correlation issue here -- do well-managed firms have more women on their boards, or do women on boards make firms better managed? -- the data nonetheless are striking. CSRI reviewed 2,360 companies globally during the course of six years; their analysis found that it was “on average better to have invested in corporations with women on their management boards than in those without . . . companies with one or more women on the board have delivered higher average returns on equity, lower gearing, better average growth and higher price/book value multiples.”
And it's more than just public companies -- in the actively-managed fund business, female managers tend to outperform their male peers. Several academic studies (see this, this and this) conclude that women have better performance -- on both an absolute and a risk-adjusted basis -- than their male counterparts do . (Note that some studies in Europe haven't found a gender performance difference.)
Journal: Why are investment managers and corporate board members important, and why might some people view the tremendous gender disparity in these professions as a problem? Is there anything you think that could be done to encourage women to enter financial professions or encourage corporations to hire women to serve on corporate boards?
Assignment: Every team should now be registered on Marketwatch, own at least 4 stocks, have no more than $500 cash on hand, and have their names on the game showing the first names of the members of the team.
Watch the movie "Wall Street" and complete the worksheet with questions about the movie.
"Wall Street" Movie questions | |
File Size: | 20 kb |
File Type: | doc |
March 7 and 8
No Journal
Take the Stock Markets quiz
Homework: Register for and work on the Stock market game. The materials for this simulation are posted under the previous day's items.
Read Chapter 4 Section 1, and complete the Reading Guide for Chapter 4 Section 1.
No Journal
Take the Stock Markets quiz
Homework: Register for and work on the Stock market game. The materials for this simulation are posted under the previous day's items.
Read Chapter 4 Section 1, and complete the Reading Guide for Chapter 4 Section 1.
Chapter 4 Reading Guide | |
File Size: | 30 kb |
File Type: | doc |
March 3 and 6
Journal: This graph shows the historical chart of the S&P 500. Is a weighted average of the market cap (total value) of all of the 500 companies that are part of the S&P 500. What stands out to you about this chart? How would you describe the market recently? What do you think you can learn about investing in the stock market from looking at this chart?
Assignment: Introduce the Virtual Stock Exchange (VSE) Stock Market Game activity. Follow the instructions on the worksheet to have 1 of your 2 partners register for the game on MarketWatch, and make your first trades. Ensure that you do not have more than $500 cash on hand by the next class to avoid incurring a penalty.
Homework: Study for the quiz on the stock market. Ensure that you know how to read a stock quote, and know the definitions of terms such as share, stock exchange, stockbroker, brokerage firm, capital gain and loss, The Dow, bull and bear markets, stock splits, growth stock, income stock, and bonds.
Journal: This graph shows the historical chart of the S&P 500. Is a weighted average of the market cap (total value) of all of the 500 companies that are part of the S&P 500. What stands out to you about this chart? How would you describe the market recently? What do you think you can learn about investing in the stock market from looking at this chart?
Assignment: Introduce the Virtual Stock Exchange (VSE) Stock Market Game activity. Follow the instructions on the worksheet to have 1 of your 2 partners register for the game on MarketWatch, and make your first trades. Ensure that you do not have more than $500 cash on hand by the next class to avoid incurring a penalty.
Homework: Study for the quiz on the stock market. Ensure that you know how to read a stock quote, and know the definitions of terms such as share, stock exchange, stockbroker, brokerage firm, capital gain and loss, The Dow, bull and bear markets, stock splits, growth stock, income stock, and bonds.
Instruction to Get in the VSE Game | |
File Size: | 18 kb |
File Type: | docx |
VSE Assignment Directions | |
File Size: | 45 kb |
File Type: | doc |
VSE Assignment Rubric | |
File Size: | 26 kb |
File Type: | doc |
VSE Stock Holding Form, Chart, and Graph | |
File Size: | 72 kb |
File Type: | doc |
VSE Stock Portfolio Chart | |
File Size: | 102 kb |
File Type: | doc |
VSE Stock Portfolio Graph | |
File Size: | 23 kb |
File Type: | doc |
March 1 and 2
Journal: Which type of investment is more appealing to you, growth stocks, income stocks, or bonds? Why? Explain. Assignment: Using computers, conduct research on six stocks of companies that are publicly traded on exchanges in the United States. Complete both the front and back of the worksheet. Homework: Read Chapter 11 Section 3, and complete the reading guide. Next class, staple and turn in: 1. Guided Notes "A Lesson in the Stock Market" 2. Chapter 11 Reading Guide 3. Reading Stock Quotes Worksheet 4. Stock Research Worksheet (6 stocks) |
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February
Feb 27 and 28
On March 2nd, Snap Inc. the parent company of Snapchat, will have an Initial Public Offering. This is known in economics by the acronym "IPO". Snap Inc. will trade using the stock symbol SNAP. Evan Spiegel and Bobby Murphy, the founders and co-owners of Snap Inc. will keep 42% of the shares of Snap Inc. About 1/7th of the total shares will be publicly sold. Also, most shares of Snap will controversially not come with voting rights. Spiegel and Murphy together will retain 72% of the voting rights on the executive board of Snap Inc.
Journal Question What is your opinion about the long term viability of Snapchat? In 5 years, do you think that the number of people using Snapchat will still be growing? 10 years? Do you think that Snap will have a good business plan to make a profit from their many users? Why or why not? If you had spare cash, would you feel confident investing it in Snap Inc? Why or why not?
Assignment: Read the How to Read Stock Quotes worksheet and complete the questions. Finish taking guided notes on the types of stocks.
On March 2nd, Snap Inc. the parent company of Snapchat, will have an Initial Public Offering. This is known in economics by the acronym "IPO". Snap Inc. will trade using the stock symbol SNAP. Evan Spiegel and Bobby Murphy, the founders and co-owners of Snap Inc. will keep 42% of the shares of Snap Inc. About 1/7th of the total shares will be publicly sold. Also, most shares of Snap will controversially not come with voting rights. Spiegel and Murphy together will retain 72% of the voting rights on the executive board of Snap Inc.
Journal Question What is your opinion about the long term viability of Snapchat? In 5 years, do you think that the number of people using Snapchat will still be growing? 10 years? Do you think that Snap will have a good business plan to make a profit from their many users? Why or why not? If you had spare cash, would you feel confident investing it in Snap Inc? Why or why not?
Assignment: Read the How to Read Stock Quotes worksheet and complete the questions. Finish taking guided notes on the types of stocks.
Types of Stocks Presentation | |
File Size: | 6813 kb |
File Type: | pptx |
How To Read Stock Quotes | |
File Size: | 167 kb |
File Type: | doc |
How To Read Stock Quotes | |
File Size: | 167 kb |
File Type: | doc |
Types of Stocks Presentation | |
File Size: | 6341 kb |
File Type: | pptx |
Feb 23 and 24
Journal Question: Why do you think economists feel it is important to invest your money? Explain.
Assignment: Watch the Presentation and complete the Financial Markets guided notes. Read and complete the Reading Guide for Chapter 11 Section 1 pages 270-275. For Day B classes, due Friday 3/3. For Day A Classes, due 3/6
Journal Question: Why do you think economists feel it is important to invest your money? Explain.
Assignment: Watch the Presentation and complete the Financial Markets guided notes. Read and complete the Reading Guide for Chapter 11 Section 1 pages 270-275. For Day B classes, due Friday 3/3. For Day A Classes, due 3/6
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Financial Markets Guided Notes | |
File Size: | 52 kb |
File Type: | doc |