Week 2 ObjectivesIdentify the three types of economic systemsSummarize the goals that influence decisions

about production and consumption of goodsCompare and contrast the role of government

in a command economy and a market economy

Summarize the characteristics of a free enterprise system

Monday 1-131. Bell Work-copy types of econ matrix2. Review week one concepts of scarcity,

opportunity cost, principles that guide an economic way of thinking.

3. Econ Lab: working with scarce resources-smores

Tuesday 1-14Review types of econ matrixGroup Review and quiz of econ systemsGroup study and share out of economic goals:

students are assigned one goal to study and share out with the class

Block day 1-15, 1-16Bell work- complete questions about one

economic goalGroup share out of one economic goalTake notes from the student answers written

on the boardIntroduce the characteristics of a free

enterprise system

Week 3 Objectives1. Describe the three types of business organization.2. Summarize the advantages and disadvantages of a

sole proprietorship, partnership, and corporation.3. Explain the reasons that cause firms to merge.4. Identify two different types of mergers.5. Describe and illustrate the concept of demand.6. Explain what causes a change in quantity

demanded7. Describe the factors that could cause a change in

demand.

Tuesday 1-19FAFSA P.I.N. Workshop

Bell Work: Draw a table using pages 57-66Type Pros

(advantages)Cons(disadvantages)

Sole Prop.

Partnership

Corp.

ObjectivesExplain the reasons that cause firms to merge.

Identify two different types of mergers.

Block 1-20, 1-21Bell Work: 1. When it comes to partnerships one

disadvantage is limited life. What does it mean when a business has limited life?

2. Identify the two types of partnerships.3. Explain the term bankruptcy and why it is

considered a possible outcome of a partnership.

4. Which type of business requires permission from the government and what is that document called?

Bell WorkHow Businesses GrowWhy Businesses MergeGraphic OrganizersQuiz

Graphic Organizers:

Two Ways Businesses Grow: Reinvestment- Earnings put back into business to build firm.Mergers-Horizontal /Vertical

Graphic Organizers:

Two Ways Businesses

Grow

Mergers

Vertical Horizontal

Reinvestment

Graphic Organizers:Reasons Why Businesses Merge:Read page 69-70 and fill in the graphic organizer below:

Assignment: Types of Mergers1. Draw a Venn Diagram

comparing the two types of mergers.

2. Draw an illustration of each type on the back side of your Venn Diagram

3. Explain how conglomerates and multinationals differ from horizontal and vertical mergers.

Due Friday

Friday 1-24 Rally ScheduleBell Work: Define Demand and Marginal UtilityIntroduce concept of demand-show video clip Jingle all the WayDiscuss Demand and Marginal Utility

Week 4 Objectives1. Students will be able to explain the difference between

change in quantity demanded and an overall change in demand.

2. Students will be able to summarize the reasons for a change in overall demand.

3. Students will be able to explain the law of demand.4. Students will be able to explain the difference between

change in quantity supplied and supply.5. Students will be able to summarize the reasons for an

overall change in supply.6. Students will be able to explain the law of supply.7. Students will be able to illustrate supply and demand on a

graph.8. Students will be able to describe the term equilibrium price.

Monday 1-27Bell Work- C. 4 Vocab ActivityNotes: DemandDemand Curve Activity-students are taken step by step on how to draw a demand curve using http://www.reffonomics.com/TRB/chapter4/quantitydemanded.swfAssign IES countries

Tuesday 1-28Bell Work: Vocabulary ActivityChange in Qty Demanded vs. Change in Demand notesQuick write: What is the difference between change in demand and change in qty demanded?Activity: Reasons why demand changes-students predict the meaning of the seven determinants of demand then confirm or change their answers using the book.

Wed. 1-29Bell Work: Using your textbook, answer the following questions:Page 96What is the income and substitution effect and how does it effect qty demand?Review Quiz- You may use the book and notes to help you review the last section.

Wed. 1-Page 102What does it mean when a product is demand elastic? How is does demand elastic differ from demand inelastic? Give examples of both.

Week 5 ObjectivesStudents will be able to identify Key economic principlesStudents will be able to explain the purpose and value of the Summit Program.Students will be able to identify basic Summit forms.Students will be able to explain the concept and importance of globalization.Students will be able to I.D examples of critical economic issues and consequences facing the world.Students will be able to apply economic concepts of specialization and cooperation by developing skills needed to identify and address global economic issues.

Monday 2-2Continue film study and ChoconomicsComplete discussion questions from film:

Willy WonkaFAFSA workshop

Tuesday 2-3Complete film.Discuss video questions.Preview Econ Summit

Block 2-4, 2-5Country Groups: preview activity- find

assigned country national bird and anthem. Explain importance of country info and how to use it.

What is the Davos question: video examplesGroup activity: Identify an economic issue

and share out possible solutions.Explain Geography component of SummitAssign Country placard activity and country

info sheet.

Friday 2-7Group Activity:Research country info.Produce country info poster-handout

instructions