4 WHITE ECONOMICS

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CLASS
BLOG

MON,
June 15
10am Final Exam
THR,
June 11
In Class:
Wall Street
Homework:
Visit this website about Quality Containers of New England .Construct 3 questions to ask them about their business.
TUE,
June 9
In Class:
Wall Street

Homework:
Make 2 stock Trades and Complete Investment Notebook.
FRI,
June 5
In Class:


Complete this worksheet on Asset Allocation


Homework:
Complete Asset Allocation and make 2 stock Trades
WED,
June 3
In Class/Homework:
Create a Blog Post with the Title: What Makes Us Feel Good About Our Work?
Using Your Headphones watch the video below and answer the questions that follow. Be sure to retype the questions on your Blog and make themBOLD.
Dan Ariely: What makes us feel good about our work?(20:26)
1. Identify how Mr Ariely has characterized the different ways Adam Smith and Karl Marx approached economic production.
2. How does he think the new "knowledge economy" has flipped our understanding of a better economic system?
3. What motivates people to work hard?
4. Where can you connect this to your own life? (please put some time into this reflection)
5. Upload a cartoon that relates to this video. Write a caption to the cartoon that shows how it relates.
MON,
June 1
In Class:
The Top 10 Paid Female CEOs AP May, 2015
Ski Resort Expansion- The Balsams
Will Your Job be done by a Machine? NPR May, 2015
Robot Telemarketer TIME 2015
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 250,000 positions. Select both Value & Growth Stocks and Sectors of Investment. Your Investment Notebook is due Thursday, June 11th at beginning of class. Join our Group YHS Econ Sem2 2015 with password yarmouth
http://www.smartstocks.com/
Homework:
Work on your investment notebook.
Hand-out Wall Street Permission Form
THR,
May 28
Last Class for Seniors
Quiz- Investment Vocabulary
Take the Economic Literacy Test by CEE
The Millenials Are Coming 60 Minutes (12:30)
Golden Balls videos: Watch this one first, then this one next.
Steve Jobs
1. What is the Thesis of his Commencement Speech?
2. What are the three best quotes he said?
3. Find a Cartoon on Steve Jobs and write a caption.
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)
TUE,
MAY 26
n Class:
(1) Review Investment Vocabulary
(2) Review Value and Growth Stocks

https://novelinvestor.com/asset-class-returns/
(3) Review Sectors of Investment

(4) Complete-
Wall Street Journal

Homework:
P/E Ratio Explained (1:13) Investopedia
Earnings Per Share Explained (1:10) Investopedia
Print-Out and hand-in Basic Stock Market
Study the following vocabulary terms for a quiz next class.


MEMORIAL DAY

THR, MAY 21
In Class:
What is Stock?
How the Stock Market Works for Dummies (9:13)


Blog Post- What was Wrong with Facebook's IPO?
Write a short paragraph on what went wrong with Facebook's IPO?
Find a cartoon and explain it.
Here is a good article to get you started What the %$#! Happened? CNN Money
Homework:
Create a Blog post with the title Securities and Exchange Commission. Write a Blog Post That answers these 3 Questions:
1. What does the Securities Exchange Commission (SEC) Really do? Video (1:30)
2. What are the limits of the SEC with regards to Mutual Funds?
3. Read about one of these stories involving the SEC. Summarize how they broke the law and what happened to them.
Martha Stewart Insider Trading Scandal USAToday
Jonathan Lebed Stock Manipulator NYTimes
TUE,
MAY 19
In Class:
Complete Simulation- Purchasing & Inventory Control, Merchandising, Security & Risk Management, Financing & Business Planning
Homework:
FRI,
MAY 15
In Class:
Work on Price, Traditional Promotion, Email Promotion and Staffing
Homework:
WED, May 13
In Class:
No work- we are "treading" water as 3/4 class is taking A.P. Exams.
Homework:
MON, MAY 11
In Class:
Begin Retail Simulation- Knowledge Matters
Complete Pre-test, and the Tutorial.
Work on Marketing Research and Product
Homework:
Complete Place
THR,
MAY 7
AP Spanish in a.m.
The Best and Worst Places to Grow Up- NYTimes Interactive
We will review Personal Finance- Use The Mint interactive web-quest in Googledocs worksheet: http://www.themint.org/try-it/
Homework:
Go to the class Blog and write a blog post with the title Personal Finance.
1. Identify 5 Things you found the most interesting and important about Personal Finance
2. Write a reflection on if you have found this activity helpful and interesting?
TUE,
MAY 5
AP Calculus AB/BC in a.m.
Credit Card Debt Calculator
Watch This FRONTLINE Video- The Card Game

3 Credit Card Traps That Can Cost You A Bundle
Homework:
Go to the class Blog and write a blog post with the title The Card Game.
1. Identify 5 Things you found the most interesting and important about Credit Cards and Debit Cards.
2. Identify 5 things you learned about the Credit Card industry from this short video: What Happens When You Swipe Your Credit Card? 60 Minutes (13:14)
3. Identify a relevant Editorial Cartoon about Credit Cards and Credit Card Debt. Post this cartoon on your blog and writer a short caption describing how it illustrates something you have learned about Credit Cards.
FRI,
MAY 1
In Class:
Construct Jig Saw Chapter 3
Present Jig Saw of Chapter 3
Homework:
WED,
APR 29
In Class:
Graded discussion- Naked Economics Chapter 3
Homework:

MON,
APR 27
In Class:
Compound Interest Calculator
401K Savings Calculator- Bloomberg
Watch the video FRONTLINE- The Retirement Gamble (53:37) and answer the questions on the worksheet below. Please hand in the worksheet at the end of class.
HERE IS AN OVERVIEW OF HOW RETIREMENT FEES COST YOU
How Retirement Fees Cost You (Interactive)
1. List the three fees your 401K may charge you.
2. Describe how the way a “small” fee of say 1.23% can significantly eat away at your retirement.

Homework:
Read Naked Economics- Chapter 2


APRIL VACATION

WED,
APR 15
In Class:
Juniors have SAT's
Seniors- Study Hall to room 505.
Homework:
none
MON,
APR 13
In Class:
Test Chapter 2
Start Reading Naked Economics Chapter 2.

Homework:
none
THR,
APR 9
In Class:
Malcolm Gladwell: Choice, happiness and spaghetti sauce (17:30)
Everything is Amazing & Nobody's Happy
Homework:
Start studying for Quiz on Chapter 2
Study for Chapter 2 Test- Supply & Demand and shifts in Supply & Demand Curves, Market Equilibrium, Shortage, Surplus, Substitute Goods, Normal Goods, Inferior Goods, Inflation, Interest, Interest Rates, GDP, Incentives, OPEC, Cartel, Monopoly, Subsidies, Walmart, Amazon, The Paradox of Choice, Flavorists, Big Data, Choice & Spaghetti Sauce.
TUE,
APR 7
In Class:
If Wal Mart Paid a Living Wage (2:01)
Wal Mart Raises Salaries Reuters (1:06)
TJ Max Raises Wages (0:45)
Inside Amazon 60 Minutes (14:08)
Amazon Dash Button (1:20)
Amazon's New Delhi Delivery (1:36)
Amazon Spends and Grows, but Still Wants for Money NYTimes Oct, 2014
The Rich See A Different Internet Than The Poor Scientific American Jan 2013
Write a Blog Post on Amazon. Why is the value of Amazon going up and at the same time Amazon is losing money? What is Amazon's strategy and why are investor's (demand for their stock) willing to go along?
Homework:
Bring Your naked Economics Book to next class.
FRI,
APR 3
In Class:
Presenting Supply & Demand
Is Wal Mart Good For America? PBS
Put on earphones and watch this video about Wal Mart. Fill out the worksheet handed out in class. When you are done create a blog post with the title Is Wal Mart Good For America? Answer the questions below:
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.
WED,
APR 1
In Class:
Funny Video
Supply & Dance Man!
Supply & Demand of Burritos when you adjust price
Cartels & Monopolies- OPEC

Norway's Oil Investment
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:
Create a a Blog Post with the Title- Supply & Demand
Read your assigned story below and identify where you see supply and demand at work.Summarize your topic and Identify what factors have impact the price, or caused a shift in the supply or demand curve. Include one graphic, map or cartoon and include a caption.You will be presenting this topic next class.
1.Why Americans Like Fake Maple Syrup Washington Post March, 2015
Maple Syrup Cartel NYTimes December 2012
2. Breakfast Sticker Shock Mar, 2014 Dallas News
3. Valentine’s Day Chocolate Will Cost More This Year, as Cocoa Prices Rise NYTimes Feb, 2015
4. Fall in Oil Prices NYTimes Oct, 2014 and OPEC
Crude Oil Prices Drop As Saudis Refuse To Cut Production NPR (3:55)
5. Hybrid vessel fuels hope for Portland shipping revival Press Herald October 1, 2014
Looking for Edge: Maine Plunges into Arctic Policy Press Herald March, 2015
6.Cup Cake Passion (CNN, March 2011)
The Cup Cake Bubble (Slate, Sept 2009)
Extra Resources for Review
Supply & Demand & Prices in the Market- Concert Tickets (25:09)
Economic Equilibrium & Demand- Basketball Tickets (12:48)
MON,
MAR 30
Lecture- Supply
Changes in Supply and Shift of Supply Curve (2:49) Econ Girl
You may want to watch these to get an in-depth explanation on:
The Determinants Of Supply (9:11)
Homework:
Flavorists ( 13:52) 60 Minutes
Write a Blog Post called The Flavorists
What insights do you gain into the food industry after watching this story?
What is the perfect flavor?
Look up information on the flavor industry and being a flavorist. What are three things you learn? (Cite your work with a hyperlink)
Upload an image.
http://www.givaudan.com
Flavorist- Inside Jobs (4:52)
THR,
MAR 26
Lecture- Demand
Change in Demand and Shift of the Demand Curve (5:58) Econ Girl
"Lumberjack Chic" - LL Bean (1:14)
Wings by Macklemore (5:30)
Middle School Girls NYTimes Oct 2011
CBS to Offer Stand-Alone Web Subscription Service NYTimes Oct, 2014
Converse Sues to Protect Its Chuck Taylor All Stars Oct, 2014
XL Pipeline and Portland Maine- Portland pipeline business drying up as Canadian market shifts Press Herald September 29, 2014

Barriers only grow for Maine’s paper mills Press Herald Oct 5, 2014
McDonald's Confronts Its Junk Food Image AP Aug, 2014
Homework:
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
Supply- Economic Lowdown Federal Reserve Bank of St. Louis (6:53)
Law of Supply- Khan Academy
Market Equilibrium- Khan Academy
TUE,
MAR 24
In Class:
Test- Chapter 1
Here is a great story- ‘Frugal’ ex-janitor leaves millions to local library, hospital
Yarmouth Superintendent's Letter
Income Activity.
Homework:
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
The Law of Demand- Khan Academy
Demand- Economic Lowdown Federal Reserve Bank of St. Louis (6:53)
FRI,
MAR 20
CEP
Seniors go to Mrs Johansen's Room for Study Hall. You may check out with her if you have senior privileges.
WED,
MAR 18
CEP
MON,
MAR 16
In Class:
Graded Discussion on Naked Economics Chapter 1
Review for test.
Homework:
Study for Test on Chapter 1 next Wednesday. You can locate the Lecture for Chapter 1 in GoogleDocs. In addition to Chapter 1:
Know these terms and their connection to economic current events- Estate Tax, Tariff, Income Tax, Corporate Tax, Capital Gains Tax, Sin Tax, Green Tax (Carbon Tax), Tea Party, GDP, Bonds, Revenue, Debt, Deficit, Interest Rate, Mandated Spending, Discretionary Spending, Social Security, Medicare, Medicaid, Baby Boomer, Challenges facing college students, Yarmouth issue with Wyman Station, For Profit Colleges and Student Loan Crisis, Property Tax, Commercial Tax, Concepts from Naked Economics.
FRI,
MAR 13

NO SCHOOL

WED,
MAR 11
In Class:
Students will receive a copy of Naked Economics and read Chapter 1- Who Feeds Paris?. Next class we will hold a graded discussion (Socratic Seminar) on the content contained in this chapter. In preparation for this discussion students should take notes on the reading using the reading guide below.

Here is a description of how the graded discussion (Socratic Seminar) will go.The bottom line is that students should be familiar with the main points discussed in the chapter and be prepared to offer examples from the chapter and better yet, other examples from the real world.

Homework:
Read Naked Economics Chapter 1- Who Feeds Paris and be prepared to discuss the content of the chapter next class.
MON,
MAR 9
IN CLASS:
Examine Town Report from Town of Yarmouth
http://www.bestplaces.net/zip-code/maine/yarmouth/04096
http://www.yarmouth.me.us/
Property Tax Rates in Cumberland County
Mini-Lecture on Bonds and the important role on Assessing property values
Yarmouth Voters Narrowly Approve Bond for Turf Field and Town Garage FORECASTER NOV 2012
Towns May Consolidate Assessing Departments FORECASTER Aug, 2013
Yarmouth Residents Divided over Removing Route 1 Overpass BDN Nov 2014
Homework:
Go to The Blog and Create a Blog Post- Yarmouth Maine
1. List 10 most important economic facts you learned about Yarmouth Maine from reading the Town's 2014 Annual Report. Be specific and descriptive.
2. What is the issue with Wymann Station? How should the town plan to do with regards to Wymann Station?

Yarmouth Worries Over Power Plant PPH May, 2013
Is It Time to Unplug Wyman Station? PPH Feb 2013
Largest Power Plant in Maine Up for Sale PPH May 1 2013
Proposed sale of Maine’s largest power plant a sign of region’s changing energy market Bangor Daily News March, 2015
3. This is a separate new issue confronting Yarmouth. What is the issue in the story below? What are the two sides of the argument for and against this change? Which do you agree with? Why?
Yarmouth at Crossroads with Ailing Route 1 Bridge PPH Nov 2014
THR,
MAR 5
IN CLASS:
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. Please Collect at end of class.

HOMEWORK:
Take a moment and examine these resources. Write a Blog Post for Federal Debt. What are the 5 most important things to know about our nation's federal debt? (Make sure you include entitlement spending, medicare/medicaid, and interest on the deficit) Include a graphic or a cartoon and explain it.
Death & Taxes- The Federal Budget by Visualy
U.S. Debt Clock in Real Time- National Priorities Project
Federal Budget Brake-down 2013 National Priorities Project
Taking apart the federal budget WASHINGTON POST
TUE,
MAR 3
IN CLASS
Watch the DVD and take notes on College Inc. Be sure to answer all of the discussion questions in the Video Guide handed out in class.

You will find this website interesting.... and troubling! http://diplomamakers.com/
HOMEWORK:
Members of Congress Owe $4.6 million in Student Loans
What are 3 insights you gain from this Pod Cast about choosing your college and Major? Make a Blog Post with the title What's Your Major?Upload a cartoon and a graph and write a caption for both.
Episode 485: What's Your Major? NPR Planet MONEY (16:45)
FRI,
FEB 27
In Class:
Map: The Most Common* Job In Every State NPR 2015
Will Your Job be done by a Machine? NPR May, 2015
Go to the class Blog and construct a new post under the title: What about College?
Use all of the resources below each question to help you answer them.
2. Explain the challenges being faced by college graduates. Use statistics and examples (cite your work)
Is College Worth It? TIME
Cost of higher education draining Mainers Press Herald Oct, 2014
New data suggest college degree pays off Press Herald Feb, 2013
For Graduates, A Shrinking Payoff- NYTIMES (Aug 31, 2011)
Don't Think College Is Worth It? Ask People Who haven't Gone NYTIMES
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 over the next 10 years?
Career Earnings by Degree Hamilton Project
Business Graduates Show Least Interest in Their Work WSJ Oct 2, 2014
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?
5. Add a graph or an image (or a cartoon http://www.cagle.com/) with citations & a captions.
Homework:
Complete Blog Post
WED,
FEB 25
Review Chapter 1: Part 2
Review Opportunity Cost
This Video will help you remember the concept of Opportunity Costs. Video- Opportunity Costs (3:39)
Comparative Advantage

14 striking findings from 2014 Pew Research CenterHomework:
Go to the class Blog and construct a new post with the title: What about College
1. Look up and record the costs of 3 different colleges or post-secondary programs you might considering attending. Make sure that you select one in-state public college (like University of Maine or University of Southern Maine)
What will College Run You? (CNN, 2010)
College Board
College Prowler
Where Maine Students go to College- Interactive Press Herald
MON,FEB 23
In Class:
Review Text CH I Part I
Scarcity- Gold Rush & Mr Pearl's Hermes Scarf - Newsweek (April 17, 2011)
What makes a diamond priceless? (4:03)
Scream Sale $119 Million
Dollar Shave Club
Carstache
Homework:
Read CH 1 Part 2 pages 12-24 and complete the reading guide.


FEBRUARY VACATION

THR,
FEB 12
In Class:
Review Taxes
Quiz- Poverty in America, American Family Budget, Globalization, Minimum Wage and Taxes
Hand-Out Text Book
Read CH 1 Part 2 pages 12-24 and complete the reading guide.

Homework:
none
TUE,
FEB 10
In Class:
1. Minimum Wage
Minimum Wage by State (Federal Minimum Wage is $7.25 per/hr)
Should We Raise The Minimum Wage? (3:48) John Green
Minimum Wage Debate- John Stewart (4:59)
2. Taxes & Spending
As American As Apple Pie
The 2014 Tax Brackets
The Difference Between Exemptions, Deductions, and Credits
Income Tax Rates Make sure you examine the "Tax by State" feature in the bottom right.
Where Not To Die In 2012
Payroll Taxes
Property taxes: How does your county compare? CNN
++++++++++ Review From Here ++++++++++++++++
How We Pay Taxes 2014 Atlantic
Who's In The Office? The American Workday In One Graph NPR Sep 2014
3. Taxes in Maine
LePage Tax Plan- PPH Jan 25, 2015
4. Globalization's Effect on America
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?
5. Apple Avoiding Corporate Taxes through a Subsidiary- "loop hole"
Apple Seen Using Tax Loopholes $9 billion in Taxes Bloomberg News May, 2013
6. Trade Deficit with China
Trade Deficit with China Explodes Business Insider
One Second on the Internet
Internet in China (3:17)
Homework:
Review for Quiz on- Poverty in America, American Family Budget, Globalization, Minimum Wage and Taxes
FRI,
FEB 6
In Class:
What is Globalization?
38 Maps to Explain the Global Economy- VOX
One Second on the Internet
Internet in China (3:17)
Review Thomas Friedman's Globalization
Outsourcing and Off-Shoring
Watch 30 Days- Outsourcing (45min)
Identify 5 new insights you learned about Globalization from this story. How is globalization effecting ordinary Americans and ordinary Indians in positive and negative ways?
Homework:
Planet Money Makes a T-Shirt NPR Dec, 2013

WED,
FEB 4
In Class:
Take the Economic Literacy Test by CEE
The Shrinking American Middle Class NYTimes Jan 26, 2015
Family Budget Calculator Huffington Post
What Percent Are You? NYTimes Interactive
Poverty Rate in USA
Interactive Map on Poverty NYTimes
Interactive Map on Uninsured NYTimes
Despite recovery, earning power drops Press Herald July 31, 2014

Using the resources and notes we reviewed in the last two classes- write a Blog Post. Title- Poverty in America
1. List 3 of the most important and interesting facts you learned about Poverty in America
2. List 3 of the most important and interesting facts you learned about Middle Class in America
3. List 3 Things you learned about a family's Budget in America.
4. Identify an editorial Cartoon that is related to one of the above topics. Write a caption for the cartoon.
Homework:
Read "Globalization: The Challenge to America" by Thomas Friedman. Answer the questions on the worksheet. Identify the "Flatteners" and consider how Globalization will effect your future.

MON
FEB 2
NO CLASS- Snow Day
THR,
JAN 29
In Class:
Here is the Course of Studies Guide:

Lecture- Economic Way of Thinking
Watch the following short 60 Minutes video Hard Times Generation- Homeless Children (14:04) and identify the thesis of the production. An important vocabulary word is Foreclosure
1. What are the three most compelling facts or quotes you heard in the video?
2. Identify the connection to our study of economics.
3. What is the Unemployment rate today in United States? What is it in Maine? How do these statistics Compare to historical levels?
America's Middle Class
Middle Class America Works- State Of the Union Jan 21, 2015
Homework:
Create a Blog Post with the Title- Intro to Economics
Write complete answers to the following questions.
1. What do you think are 3 major economic issues you think you and the nation are facing?
2. Why did you decide to take this economics class? What do you hope to get out of the class?
3. Do you plan to go to college? If so where? If not- what do you plan to do after high school?
4. What do you want to do when you get older? Why?
5. A major component of this class is the YEP (Yarmouth Entrepreneurial project) where you investigate and create a business plan. List 3 businesses or inventions you think would be successful.
TUE,
JAN 27
No Class- Snow Day
Maine State Colleges on the Skids WSJ Jan, 2014
http://www.pressherald.com/2014/12/16/report-identifies-ways-to-build-skills-of-maines-workforce/
Why Is the Economy Still Weak? Blame These Five Sectors NYTimes Aug 4, 2014
Why is Milk in the Back of the Store? NPR Planet Money (16:27)
Find evidence and summarize the two theories- Are you in charge or are the owners in charge?
What did you think was the most interesting thing you learned? "building the basket" "The cold chain"
What questions do you have?
Episode 565: The Story Of Alibaba NPR Planet Money (14:36)
What does building a Better Chicken Coop reveal about the key that made Alibaba successful?
Everything Is Amazing & Nobody's Happy (4:11)
http://playspent.org/
Personal Family Budget by Mint
Beats Cost $14 to Make NYTimes
https://wetheeconomy.com/

https://wetheeconomy.com/topics/

Supply and Demand- Holy Donut Supply & Demand Sep 30, 2014 PPH