CLASS BLOG
Class Meets 4B
FRI,
JUN 13
FINAL EXAM
The Millenials Are Coming 60 Minutes (12:30)
Dan Ariely: What makes us feel good about our work?(20:26)
Identify how Mr Ariely has characterized the different ways Adam Smith and Karl Marx approached economic production? How does he think the new "knowledge economy" has flipped our understanding of a better economic system? What motivates people to work hard? Where can you connect this to your own life?

WED,
JUN 11
In Class:
Wall Street
Homework:
Create a Blog Post with the Title Wall Street.
1. Please summarize what you think is the turning point of this story.
2. What do you think is the moral of this story?
3. How does this story pertain to your own life and the decisions you will make as you try and establish your own career?
4. Please provide an image with a caption from a scene in the movie.
MON,
JUN 9
In Class:
Wall Street
Quotes from Wall Street

Homework:
Read the following stories about insider trading or stock manipulation on wall street. Identify the key passage and information and post them on your Blog. Summarize and include an image.
Martha Stewart Insider Trading Scandal USAToday
Jonathan Lebed Stock Manipulator NYTimes
THR,
JUN 5
In Class:
Quiz- Investment Vocabulary
Complete this worksheet on Asset Allocation


Homework:
Complete Asset Alloocation
TUE,
JUN 3
In Class:
Practice Quiz- Investment Vocabulary
Sectors of Investment

Homework:
Re-balance your portfolio taking into account the different sectors of the economy.
FRI,
MAY 30
In Class:
Last Day of Classes for Seniors
Legacy of Steve Jobs FORTUNE (6:10 min)
Steve Job's Commencement Speech- Stanford University 2005 (15:05) "Love What you do."
Giving Away a Fortune- Bill Gates (13:31min)
Homework:
Study the following vocabulary terms for a quiz next Wednesday.

WED,
MAY 28
In Class:

Today we start our Stock Market Simulation.You will start with $1 million. The purpose of your portfolio is to create a well-balanced and thoughtful portfolio that will meet your own personal investment objective. Invest into at least 4 different Companies taking approximately 250,000 positions. Select both Value & Growth Stocks. Create an investment portfolio in GoogleDocs with the Title.Lastname.4B and share it with me. Write a brief description as to why you bought the company. Join our Group YHS Econ Semester 2 2014.
http://www.smartstocks.com/
Homework:
Complete your investment portfolio.

MEMORIAL DAY WEEKEND

FRI,
MAY 23
In Class:
What is Stock?

How the Stock Market Works for Dummies (9:13)

Homework:
New York Times
Wall Street Journal

WED,
MAY 21
In Class:
YEP- Presentations
Lee Mallett
Kate Dalton
Amy Williams
Homework:
MON,
MAY 19
In Class:
YEP- Presentations
Emily Pearl
Kate Dalton
Art Bell
Homework:
THR,
MAY 15
In Class:
YEP- Round Tables
Peter Anastos
Lee Mallett
Art Bell
Homework:
TUE,
MAY 13
In Class:
AP US History
Start Power-Point
Start Web Site
Start Hand-Outs
Homework:
Finish and Print out Paper prior to class
FRI, MAY 9
In Class:
I am in Boston
Focus on finalizing your product or service. Itemize the cost to produce it and the price you will charge.
In Class Groups should conduct research, take notes, add useful links on the Google Doc. (Make sure your page has a title and that your name is on your page.)
1. Company Description- Summary of what you’re making/selling
2. Product or Service- Thorough description of your product and it’s benefit(s)
3. Strategy and Implementation- Start-up plans and expenses, time-line on the building, the making, the costs, the marketing & selling
4. Begin Web Site - create a website and explain how you’ll use it. This is part of your Advertising Plan and budget
Homework:
WED,
MAY 7
In Class:
1. Collect Market Analysis
2. Review Start Up Costs
3. Students will familiarize themselves with basic financial statements. When filling in financial statements and estimate expenses it is important to type notes in the margins to provide details on how you arrived at your estimates.



Homework:
Complete all Financial Statements
MON,
MAY 5
In Class:
1. Strategy and Implementation- Start-up plans and expenses, time-line on the building, the making, the costs, the marketing & selling
2. Begin Financial Spreadsheet- "Start Up Costs"
Homework:
Work on Financial Spreadsheet- "Start Up Costs" and

THR,
MAY 1
In Class:
Work on all phase of project. Students Should work on their own Google Doc and complete their work before pasting it to the Final Group Document
1. Make sure each Section has a proper title
2. Be sure to write your name below the title for the section you are working on.
3. You can write using bullets but make sure you start to CATEGORIZE and SORT information
[Hint] It is a great idea to write Questions to focus your thinking.
4. For your first page Create a Resources Page with a BIBLIOGRAPHY of Links to relevant resources and BRAINSTORM Notes.
Homework:
TUE,
APR 29
In Class:
Pine Tree Zones tax breaks costing state more than they deliver PPH April, 2014
E-cigarette industry in FDA’s crosshairs PPH, 2014
FOCUS: Finalize Surveys and send them out
Survey should be completed in GoogleForms. Email a link of your survey to me. (The survey should: Describe your Product. Investigate the Demand for your product.Identify variations for your product.)
Homework:
In Googledocs the students should begin to answer the following Questions.
1. What is a short description of your company and the service it will provide?
Begin Market Analysis and Market Survey.
1. What companies will you compete with? (Provide links to their websites)
2. How will you measure if there is a demand for your product or service? (Provide links to resources)
3. Where will your business be located? (provide links to your business' physical location if applicable)
4. How many employees will you need? (List their jobs and responsibilities)
5. What are the major capital expenditures? What is the big stuff you will need to buy? (Provide links to resources that show prices)
Homework:

APRIL VACATION

THR,
APR 17
In Class:
Start YEP Project


32 Innovations that will change your tomorrow NYTIMES (June 1, 2012)
FOCUS: Construct a Survey to identify Demand. Identify other data to support the demand and project your demand.
Homework:
1. The GROUP will Share in Googledocs a document with the title Companyname.YEP.4B. List all group members on the first page of the document.This will be printed as the final business proposal.
2. The INDIVIDUAL Students will Share in Googledocs a document with the title Lastname.YEP.4B. This is your own note-taking device. I will check this on a regular basis to monitor your progress and to leave you notes and to share helpful resources. You will cut and paste from this document into the Final Document.
TUE,
APR 15
In Class:
Thank you For Smoking
Homework:
Students will conduct research on E-Cigarettes. Learn about the industry and the particulars of how the government is trying to regulate the industry. Identify the "stake holders" and their points of view on the issue. Think about ways the government could craft public policy to get everyone's incentives aligned.
Students will conduct research on SNUS. Learn about the industry and the particulars of how the government is trying to regulate the industry. Identify the "stake holders" and their points of view on the issue. Think about ways the government could craft public policy to get everyone's incentives aligned.
Are E-Cigarettes Dangerous? CBS (6:00)
Going Smokeless 60 Minutes(12:42)
On Your Blog Under the Title E-Cigarettes or SNUS post the following:
1. Please identify (2) two graphics or Cartoon on e-cigarettes or SNUS
2. Please create (2) two LINKS to reliable and informative articles about e-cigarettes. Using MLA Format.
FRI,
APR
11
In Class:
If Wal Mart Paid a Living Wage (2:01)
Thank you For Smoking
Homework:
Read about SNUS and E-Cigarettes and understand the Lawsuits against tobacco companies.
Tobacco Settlement Agreement of 1998
WED,
APR
9
In Class:
Test- Chapter 2
Homework:
MON,
7
In Class:
Inside Amazon 60 Minutes
Retail in the age of Amazon: Scenes from an industry running scared Washington Post Jan, 2014
The Rise of Anti-Capitalism NYTimes March 2014
Homework:
Study for Test
THR,
APR 3
In Class:
Seminar- Naked Economics: Incentives Matter
Homework:
Prepare for test on April 9th
Change in Demand and Shift of the Demand Curve (5:58) Econ Girl
Changes in Supply and Shift of Supply Curve (2:49) Econ Girl
TUE,
APR 1
In Class:
Students will watch the movie on Wal-Mart and take notes on the worksheet provided.
Is Wal Mart Good For America? FRONTLINE
Homework:
After watching the Video on Is Walmart Good For America? please go to your blog and compose a post that answers the following questions:
1. Describe how Wal-Mart has created a power-shift between the retailers and manufacturers in America. (This refers to the difference between a "push" and a "pull" manufacturing economy) Please give an example.
2. Explain Mal-Mart's "opening price point strategy."
3. Explain some of the strategies, technology innovations and efficiencies that have allowed Wal-Mart to become so profitable and successful.
4. In your opinion- is Wal-Mart good for America? Explain.
5. Use this website to locate a good Wal-Mart cartoon (be sure to bookmark this website for future use) http://www.cagle.com/

Please remember that Blog posts are formal writing. Please edit your work and provide accurate and specific information as well as proper spelling and grammar. Please cite your work and provide insightful graphs, images, and/or cartoons. All images must have citations and captions.
FRI,
MAR 28
In Class:
Flavorists ( 13:52) 60 Minutes Tweeking tastes and creating Craves
What insights do you gain into the food industry after watching this story? What is the perfect flavor?


Maple Syrup Cartel NYTIMES and OPEC
Tar Sands Oil Bangor Daily News (2:00)
Tar Sands Oil in South Portland PPH Oct, 2013
Homework:
Read Chapter #2 Naked Economics: Incentives Matter
Prepare for Seminar Next Thursday

WED,
MAR 26
In Class:
Lecture- Supply
Changes in Supply and Shift of Supply Curve (2:49) Econ Girl

Barry Shwartz- The Paradox of Choice TEDTALKS (19:41)
Go to your Blog and compose a post with the title "The Paradox of Choice." Answer the following questions:
1. Describe Barry Shwartz's Thesis Statement (you can also list a few of his best maxims)
2. Provide 3 of the strongest or most tantalizing examples he uses to support his main point
3. Do you agree with him? Do you disagree with something he said? Why?
Homework:
Complete your Blog Post on Barry Shwartz
Bring Naked Economics book to next class.
You may want to watch these to get an in-depth explanation on:
The Determinants Of Supply (9:11)
Supply & Demand & Prices in the Market- Concert Tickets (25:09)
Economic Equilibrium & Demand- Basketball Tickets (12:48)
MON,
MAR 24
In Class:
Everything Is Amazing & Nobody's Happy (4:11)
Lecture- Demand
Wings by Macklemore (5:30)
Walmart Plans To Accelerate Small Stores Growth to Compete with Dollar Stores (Oct 10, 2012)
Middle School Girls NYTimes Oct 2011
Change in Demand and Shift of the Demand Curve (5:58) Econ Girl
Homework:
Bring Permission SLIPS for Movie
Read the rest of Chapter 2- Supply & Interaction of Supply and Demand (p.48-66) and take notes using the reading guide below.

Here is Study Guide for Supply Curve
Here is a Study Guide for Interaction of Supply & Demand
THR,
MAR 20
In Class:
Pearl is Out- Please go to room 603 (Hutch's Room)
Read the first half of Chapter 2 (pages 41-48) in the text book on Demand. Write the definitions as they appear in the text and answer the thinking questions on the worksheet below.

Here is a study Guide for Demand Curve
TUE,
MAR 18
In Class:
How to Avoid Getting Ripped Off at the ATM NPR Planet Money

Visa & MasterCard want Microchips

The Card Game FRONTLINE
Watch the Film Card Game

Homework:
Bring Text to class

WINTER LONG WEEKEND

THR,
MAR 13
In Class:
Test- Chapter 1, Naked Economics Chapter 1
Homework:
none
TUE,
MAR 11
In Class:
Go into Google Docs and Review Chapter I Lecture- prepare for Test.
Create a Cartoon that includes an analysis of one of these topics from Naked Economics Chapter I: Who Feeds Paris? Please include specific evidence with citations from the text and the seminar.
Use this resource: http://stripgenerator.com/strip/create/ or http://chogger.com/creator
~ MAXIMIZING UTILITY IS NOT SYNONYMOUS WITH ACTING SELFISHLY
~ FIRMS TRY TO MAKE AS MUCH MONEY AS POSSIBLE
~ BARRIERS TO MARKETS
~ PRICING STRATEGIES
~ THE MARKET ECONOMY IS A POWERFUL FORCE FOR MAKING OUR LIVES BETTER BUT
AT THE SAME TIME, THE MARKET IS AMORAL
~ BECAUSE WE USE PRICES TO ALLOCATE GOODS, MOST MARKETS ARE SELF-CORRECTING
~ IF WE FIX PRICES IN A MARKET SYSTEM, PRIVATE FIRMS WILL FIND SOME OTHER WAY TO COMPETE
~HOW IS PUBLIC POLICY LIKE A BOWL OF CASHEWS?
~IS MARKET CAPITALISM A GOOD SYSTEM? “market economics is what democracy is to government”
Homework:
Check Googledocs for the lecture on Chapter 1.
Know these terms and their connection to economic current events- Estate Tax, Tariff, Income Tax, Capital Gains Tax, Sin Tax, Green Tax (Carbon Tax), Tea Party, GDP, Revenue, Debt, Deficit, Debt Ceiling, Default, Interest Rate, Social Security, Medicare, Medicaid, Baby Boomer.
FRI,
MAR 7
In Class:
Naked Economics Seminar
Homework:
None
WED,
MAR 5
In Class:
Maine economy may feel effects of Canadian dollar’s decline Press Herald March 3, 2014Examine Report from Town of Yarmouth
Review Seminar Format
Homework:
Go to The Blog and Create a Blog Post- Yarmouth Maine
1. List 10 important facts you learned about Yarmouth Maine from reading the Town's 2012 Annual Report.
2. What is the issue with Wymann Station? How should the town plan with regards to Wymann Station?
Towns May Consolidate Assessing Departments FORECASTER Aug, 2013
Wymann Station
Is It Time to Unplug Wyman Station? PPH Feb 2013
Largest Power Plant in Maine Up for Sale PPH May 1 2013
Soot No Longer an Issue because plant rarely runs PPH Feb 2013
Plan to boost supply of natural gas would reverse flow of pipeline in Maine Press Herald Feb, 2013
MON,
MAR 3
In Class:
Federal Budget Brake-down 2013 National Priorities Project
Taking apart the federal budget WASHINGTON POST
Seminar on Federal Budget and Debt Limit
NetFlix & Comcast LA Times Feb 24, 2014
Maine bill calls for giving limited dental coverage to adults getting MaineCare Press Herald Feb 24, 2014
Top Employees in Maine MaineEncyclopedia
Homework:
Read the text from Naked Economics- Chapter 1- The Power of Markets and prepare for a seminar Friday
~ MAXIMIZING UTILITY IS NOT SYNONYMOUS WITH ACTING SELFISHLY
~ FIRMS TRY TO MAKE AS MUCH MONEY AS POSSIBLE
~ BARRIERS TO MARKETS
~ PRICING STRATEGIES
~ THE MARKET ECONOMY IS A POWERFUL FORCE FOR MAKING OUR LIVES BETTER BUT
AT THE SAME TIME, THE MARKET IS AMORAL
~ BECAUSE WE USE PRICES TO ALLOCATE GOODS, MOST MARKETS ARE SELF-CORRECTING
~ IF WE FIX PRICES IN A MARKET SYSTEM, PRIVATE FIRMS WILL FIND SOME OTHER WAY TO COMPETE
~HOW IS PUBLIC POLICY LIKE A BOWL OF CASHEWS?
~IS MARKET CAPITALISM A GOOD SYSTEM? “market economics is what democracy is to government”
THR,
FEB 27
In Class:
Left vs Right Infographic
Watch the first half of the DVD I.O.USA that examines the history behind the debt crisis facing the nation today and fill-out the note-sheet.

Homework:
Read and be prepared to discuss in a seminar format:
Congress set to pass rare bipartisan budget Press Herald Jan 15, 2014
Massive federal spending bill has benefits for Maine Press Herald Jan 15, 2014
House Approves Higher Debt Limit Without Condition NYTimes Feb 11, 2014
TUE,
FEB 25
In Class:
Watch the DVD and take notes on College Inc. Be sure to answer all of the discussion questions in the Video Guide.

Homework:
Complete your Blog on: What about College?
You will find this website interesting.... and troubling!
http://diplomamakers.com/

FEBRUARY VACATION

FRI,
FEB 14
Review Chapter 1: Part 2
Homework:
Go to the class Blog and construct a new post with the title: What about College?
Using all of the resources below each question to help you answer them.
1. Explain the challenges being faced by college graduates. Use statistics and examples (cite your work)
Is College Worth It? TIME
Where Maine Students go to College- Interactive Press Herald
New data suggest college degree pays off Press Herald Feb, 2013
For Graduates, A Shrinking Payoff- NYTIMES (Aug 31, 2011)
2. Look up the costs of 3 different colleges you are considering attending.
What will College Run You? (CNN, 2010)
3. Consider the degree you are going to pursue and the job you would like to get someday. How much will you make the first year? How much do you expect to make on average in the next 10 years?
Interactive Graph Connecting College Major to Future Jobs
College Majors That Do Best in Jobs Market NYTIMES (May 19, 2011)
The 13 Most Useless Majors The Daily Beast (2012)
20 Best & Worst College Majors TIME (201
4. Using the concept of opportunity cost, describe which college makes the most economic sense and why.
If you do not plan on attending college- look up the potential income for the job you plan to get. How much do you expect to make on average in the next 10 years? This Video will help you remember the concept of Opportunity Costs. Video- Opportunity Costs (3:39)
5. Add a graph or an image (or a cartoon http://www.cagle.com/) with citations & a captions.
WED,
FEB 12
Review Chapter 1 Part 2
MON,
FEB 10
Quiz- Globalization
Review Chapter 1: Part 1
Scarcity- Gold Rush & Mr Pearl's Hermes Scarf - Newsweek (April 17, 2011)
What recession? Luxury goods are booming (2:53) MSN Dec 20, 2011
Painting a Profit: 10-Year Boom Ahead for Art? CNBCFeb 2013
Scream Sale $119 Million
Dollar Shave Club
Carstache
Homework:
Read CH 1 Part 2 pages 12-24 and complete thinking questions
THR,
FEB 6
In Class:
Should We Raise The Minimum Wage? (3:48) John Green
The 2014 Tax Brackets
Income Tax Rates
Where Not To Die In 2012
Quiz next class (on everything but text)
Homework:
Read Text CH1 part 1 (3-12)

TUE,
FEB 4
Minimum Wage Debate- John Stewart (4:59)


One Second on the Internet
Internet in China (3:17)
The i-Phone Economy NYTIMES (4:36)
1. What are 3 economic insights you learn from this story?
2. How does this story connect to the challenges facing our country? How should it influence economic policy?
Apple Seen Using Tax Loopholes $9 billion in Taxes Bloomberg News May, 2013
Trade Deficit with China Explodes Business Insider
Homework:
Blog Post- The Many meanings of Globalization. Select a topic (i-phone economy, off-shoring, outsourcing, trade deficit, Planet Money's T-Shirt) and describe how this is currently a challenge of globalization to both the United States and the people in other countries. How does globalization effect your life or the life of ordinary people? Please cite your work and include content from two or more sources introduced in class. Add a cartoon on globalization and explain the cartoon with a caption. Use this website to locate a good cartoon (be sure to bookmark this website for future use) http://www.cagle.com/
Go to the Blog here: ECON BLOG
FRI,
JAN 31
In Class:
Review Thomas Friedman's Globalization.
30 Days- Outsourcing (45min) or The Other Side of Outsourcing (45 minutes) by Thomas Friedman
Please read the following article and take notes on the worksheet provided.

Homework:
Planet Money Makes a T-Shirt NPR Dec, 2013

WED,
JAN 29
In Class:
10 Startling Facts Washington Post
Family Budget Calculator Huffington Post
Interactive Map on Poverty NYTimes
Interactive Map on Uninsured NYTimes

Read this article: The War on Poverty US News and create a Blog Post on your section (you will be assigned a section in class). Write a short summary of the section (in your own words) and provide 5 bulleted facts from your section. Upload a graph or two to support your summary. What do we learn about poverty from this section?
1. From Middle-Class to Poverty
2. Inequality in the United States
3. The War on Poverty: By the Numbers
4. Families in Crisis
5. Poverty and Politics
6.
Federal Poverty Rate Not Accurate Huffington Post 2013
7.
In the War on Poverty, a Dogged Adversary NYTimes Dec 17, 2013
Use this graph and write an caption that explains it.
Stubborn Poverty- NYTimes
Optional interesting story:
How America's Losing The War on Poverty NPR (Aug 30, 2012) (11:29)
Homework:
Read "Globalization: The Challenge to America" by Thomas Friedman. Answer the questions on the worksheet and consider how Globalization will effect your future.

MON,
JAN 27
Here is the Course of Studies Guide:

Lecture- Economic Way of Thinking
Map: Top State Income Tax Rates

Create a Blog with the Title: Hard Times Generation
Hard Times Generation- Homeless Children (14:04)
1. Write the thesis of the production. This is a somewhat complex statement with a few different parts.
2. List the three most compelling facts or quotes that you saw in the video?
3. Find a graph on Childhood Poverty and upload it to your blog. Cite your source with a link.
Homework:
Blog Post:
Why did you select this economics class?
What are you most interested to learn this year?
What are your goals for this course?
Bull Pen
In the War on Poverty, a Dogged Adversary NYTimes Dec 17, 2013
Propane imports may help ease regional shortage that is driving up pricesPress Herald Jan 7, 2014
Planet Money Makes a T-Shirt NPR Dec, 2013
40 more maps that explain the world Washington Post