Wednesday, September 20, 2017

Assignment #3: Due Monday, 9/25

Read ch. 2 in its entirety. 




1.  Be conversant all 3 economic systems as we studied in class.  Use the text to review and refine your understanding.


2.  Explain the significance of Adam Smith's publication of the Wealth of Nations.  Specifically explain his statements on:


a.  Specialization.


b.  The "invisible hand"


3.  Understand the Circular Flow Model as a representation of the market economy.  Define:
a.  Factor Market
b.  Product Market
c.  Businesses/Firms
d.  Individuals/Households


Be able to refine and provide examples of each.  Attempt to understand the relationships (arrows) that connect each sector the market economy.




4.  Review all other ch. 2 material including:
a.  Fundamental questions
b.  Factors of production
c.  Enjoying a long weekend and celebrating a holiday with family if you observe!

Wednesday, September 13, 2017

Assignment #2: Chapter 1 Due Friday 9/15

1.  How would an economist view and explain the promotional advertisement below?
Image result for free timeshare vacation promotions




2.  Write a model statement/example for each of the following:


a.  Loaded Terminology
b.  Fallacy of Composition
c.  Correlation versus Causation






3.  Assess the validity of this statement using information from the chapter:


"Economics is a science because it utilizes data and statistics to prove or disprove theories through experimentation and observation."







Does Money Equal Happiness? Post your response by class time on Thursday 9/14.

Once you have created a "Blogger" login, read the assigned article and respond in a paragraph or more to one of the questions below.  You can choose to address more than one of the choices or come up with your own alternative response. 






1.  Have your ever thought about the money/happiness relationship before?  What were your original thoughts and did they change at all as a result of what you read?  Explain with great detail!




2.  What is the author's main thesis?  Evaluate the argument based on your own experience or that of family and friends.  Spend some time researching an alternative thesis and explain how it critiques your assigned article. 





3.  Will you change the way you live today or your career/life goals as a result of the ideas expressed in the article?  Explain with great detail. 

Monday, September 11, 2017

AP Econ. 2017: Assignment #1

Complete in your notebook.  Also, for future use, create an account in Blogger that is identifiable to you.  For example, first name, last initial, econ. period.

Read pages 3-10
1.  Consider the text's definition of scarcity.  How is this principle impacting current American life?
2.  Explain an example of a life choice that was informed by rationalism and marginal analysis.
3.  Identify 3 fields/issues studied in Macroeconomics and 3 fields/issues studied in Microeconomics.
4.  Write a normative statement.  Be creative!
5.  Write a positive statement.

And just like that you are done with your first HW assignment in AP Econ!

Monday, June 5, 2017

Extra Credit Opportunity: The Sounds of the Economy!

Welcome to the last week of senior year!  If you want to raise your 4th quarter grade at the last minute, here is your one chance.  This is a 10 point extra credit assignment for those who do it well. 




1.  Select a song of any genre with a significant economic message.


2.  Identify a specific segment of the song's lyrics to analyze.  Capture these lyrics and save them to a PPT. slide.  Also, locate an audio file (or Youtube video) of your song.  We will listen to it in class, paying special attention to the selected lyrics.


3.  You should then lead a brief class discussion on the economic meaning of your song.  You should be able to discuss the artist's background, influences, and the intent of her/his message.  You should be familiar with the time period in which the song was written and other outside factors that may have impacted the creation of the song.


4.  You should be able to answer questions from the class.


YOU MUST BE PRESENT IN CLASS TO PRESENT THIS PROJECT FOR EXTRA CREDIT.  PRESENTATIONS WILL TAKE PLACE ON WEDNESDAY AND THRUSDAY.  IF YOU ARE NOT IN CLASS, YOU CANNOT PRESENT. 




GOOD LUCK AND HAVE FUN!




*A NOTE ON PROFANITY:
Artists may use vocabulary that is not school appropriate.  For the purpose of this assignment, we can be lenient in terms of what is acceptable for school (we are all big boys and girls!)  However, please do not select a song with lyrics that are gratuitously offensive, vulgar, or sexual. 







Tuesday, April 25, 2017

International Econ. Review Sheet Answers

1.
A.  Mexico
B. Mexico
C. Mexico
D. USA
E. Nations should specialize in the good for which they have the lowest OC and trade for the other good.  This in turn leads to greater total production of both goods, raising standard of living.




2. 
A.  Hurt
B.  Helped
C.  Hurt






3.
A.  Current/+
B.  Financial/+
C. Current/-






4. 
A. Increase S USD
B.  Increase D MP
C.  Lower interest rates resulting from Janet's EMP decrease investor interest in US banks.  Those holding Dollars supply them to the currency market in exchange for Pesos.
D.  Mexico/imports, USA/exports
E.  Increase AD
F.  Increase PL








Back currency questions


1.  CD
2.  YEN
3.  SD
4.  ZD
5. CD
6.  EU
7. SD
8.  AA
9.  EE
10.  USA