Semester+2,+2013

JUNE 12 || == FINAL EXAM 10AM == || JUNE 10 || NO CLASS- Underclassman Awards || JUNE 7 || **IN CLASS:**
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JUNE 6 || **IN CLASS:** //Wall Street// [|Asset Allocation] [|Make Pie Chart]
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[|Healthcare Crisis] [|Sicko] by Michael Moore || JUNE 4 || **IN CLASS:** Wall Street JUNE 3 || **IN CLASS:** Students should work together in a group to fill out the worksheet on Asset Allocations. Because you are working together, please make sure all your answers are accurate and complete. Work on your Investment Portfolio || MAY 31 || **IN CLASS:** Last Day for Seniors. Please make sure they share their investment notebooks with me. [|Giving Away a Fortune- Bill Gates (13:31min)] [|Steve Job's Commencement Speech]- Stanford University 2005 (15:05) "Love What you do." For Juniors- carefully read the handout below. Take notes and make observations. Permission Form for Wall Street || Complete Investment Portfolio Phase #1(Make sure you share it with me. InvestmentNotebook.LastName The Flavorists 60 Minutes (13:52) Seniors- Complete Investment Portfolio Phase #1 || MAY 28 || == NO CLASS- Juniors Day off/ Seniors Special Program == || MAY 24 || **IN CLASS:** MAY, 23 || **IN CLASS:** What is Stock? Dimon Faces Challenge to Lead JP Morgan (May, 2013) [|Facebook's IPO Raises Regulatory Concerns] NYTIMES (May 22, 2012) Apple CEO- We Pay The Taxes We Owe (May 2013) 1:35min 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. Your **//Investment Notebook//** is due Friday, May 31st at end of class. Join our Group
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 * //YHS Econ Semester 2 2013//**.

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[|New York Times] [|Wall Street Journal] Invest All $1 million Dollars into the Stock Market. "Do not put all of your eggs in one basket." Try to put your investments into a variety of different companies from different sectors of the economy. Do research and think about why you want to invest money into a company. || 21 || YEP Presentations- Switch, Maine Travel Company Mr JB Sullivan Ms Lynn Hynes Ms Emily Pearl || 20 || YEP Presentations- Wicked Sweet, Wicked Good Waffles Food Truck Ms Lynn Hynes Mr Peter Anastos Mr Rob Billings Mr Art Bell || MAY 17 || **IN CLASS:**
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Complete Financial Statements and Submit them. Complete Executive Summary Begin Key-Note Begin writing all sections of your business plan. Financial Plan due Tomorrow. MAY 10 || YEP- Investor's Round-Table: student groups meet with investors to receive feedback in an informal setting. This will help focus groups and direct them in the final development of their business plan and "pitch." Mr Rob Billings Mr Art Bell Mr Josh Ottow || MAY 9 || YEP- Investor's Round-Table: student groups meet with investors to receive feedback in an informal setting. This will help focus groups and direct them in the final development of their business plan and "pitch." Mr. Peter Van Alstine || Prepare for Investor's Round Table. Complete Financial Spreadsheet- "Start Up Costs" [|Business & Financial Statements Templates] Begin Key Note & Website MAY 3 || **IN CLASS:** I will be away at MFA
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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 Work on Financial Spreadsheet- "Start Up Costs" and Operation Expenses Year 1 [|Business & Financial Statements Templates] Begin Financial Spreadsheet- "Start Up Costs" [|Business & Financial Statements Templates] 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.)
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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 APR 26 || **IN CLASS:** 4. Market Analysis (1 page) What the market wants and how you’ll meet those wants Compose Survey in GoogleForms || Build Outline of your business Plan and identify what students are responsible for each part. Begin Market Survey
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APR 23 || **IN CLASS:** Groups convene to create a Macro project outline and Macro time-line for the project. Please share the document with each other and with me. Title- ProjectName.econ Start to work on all phase of project. 1. Make sure each Section has a proper title 2. Be sure to write your name on 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. || APR 22 || Introduce YEP 32 Innovations that will change your tomorrow NYTIMES (June 1, 2012) Dan Ariely: What makes us feel good about our work? 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? || APR 11 || **IN CLASS:** Brainstorm a business plans for YEP 32 Innovations that will change your tomorrow NYTIMES (June 1, 2012) APR 9 || **IN CLASS:** Smoking Cartoons Snus- From Hillbilly to Hip 60 Minutes (12:21) Brief History of Tobacco Advertising in the USA TIME June 15, 2009 Research the Tobacco Settlement Agreement of 1998 Phillip Morris Wikipedia on the Master Tobacco Settlement of 1998 Construct a 6+ panel Cartoon using //Comic Life.// The cartoon should include 1. Setting the scene, 2. Transition 3. Dialogue 4. Three True and relevant facts 5. Relevant Images Substitute- I am at MFA Watch the film //Thank You For Smoking// and identify the moral dilemma Nick faces as he tries to do his job. What is the moral question the director is exploring about this issue. Identify the director's point of view on this issue. Please identify specific scenes and quotes to support your decision. APR 5 || **IN CLASS:** Review and Present Chapter 3 Death & Life of Asheboro North Carolina 60 Minutes (11:41) APR 4 || **IN CLASS:** Chapter 3 Jig-Saw: Create your portion of the Presentation on Chapter 3 APR 2 || **IN CLASS:** Read Chapter 3 APR 1 || **IN CLASS:** Read Chapter 3 MAR 29 || **IN CLASS:** Create a BLOG post that answers the question- //**Who Killed the Electric Car**?// 1. Bottom line- Who do you think is MOST responsible for killing the electric car? Explain. Here is another resource:[| Who Killed The Electric Car?] 2. Read the following stories and create a Blog Post that describes 5 things you learned and find interesting about the Electric Car Industry. Please cite work and provide at least one image. Electric Cars have a dirty Secret WSJ March, 2013 Boone Pickins [|Better Place] [|Will The Electric Car Finally Succeed?] [|Israel to Get Battery Car Swap Stations] TECHNOLOGY REVIEW (July 6, 2011) [|Mercedes Reject Battery Swapping] (March 9, 2009) [] [|Alternative Fuel Debate] [] || MAR 28 || **IN CLASS:** //Who Killed the Electric Car?// Bring Text to class. || MAR 26 || **IN CLASS:** No Class Check A.P. Exam Dates [|Everything Is Amazing & Nobody's Happy] [|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?
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MAR 22 || Go into this simulation[| http://playspent.org/] and "accept the challenge" and "find a job." Please spend 30 minutes carefully going through the simulation. Please make decisions that you think you would make if this was real. Please pay attention while you go through this simulation and write down 10 things you learned about the struggles facing a working poor family in America.When you are done with the simulation:
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Go to your Blog and compose a post with the title "Spent." Answer the following questions:

1. What are 10 key insights you gained from this experience? 2. What was the most difficult decision you had to make? Why? 3. How did the simulation make you feel? Please explain.

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. || MAR 21 || **IN CLASS:** Test- Chapter 2 MAR 19 || NO CLASS- SNOW DAY || Complete Lecture- Intersection of Supply & Demand
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MAR 15 || **IN CLASS:** No Class MAR 14 || **IN CLASS:** Seminar- Chapter 2 of //Naked Economics// MAR 12 || **IN CLASS:** Electing the New Pope NYTIMES Lecture Chapter 2 Supply & Demand Wings by Macklemore Bacon Shortage? Baloney. Still, Expect Prices To Rise CBS (Oct 1, 2012) Income Inequality in America (6:24) Walmart Plans To Accelerate Small Stores Growth to Compete with Dollar Stores (Oct 10, 2012) [|Middle School Girls] Maple Syrup Cartel NYTIMES Prepare for seminar on //Naked Economics//- Chapter 2 || Read the second half of Chapter 2 (pages 48-66) in the text book on Supply. Write the definitions as they appear in the text and answer the thinking questions on the worksheet below. MAR 8 || **IN CLASS:** Review //Globalization// by Thomas Friedman
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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. Check out this resource on DEMAND || MAR 7 || **IN CLASS:** No Class- One Act
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Bring Text to class. || MAR 5 || **IN CLASS:** How to Avoid Getting Ripped Off at the ATM NPR Planet Money Create a Blog Post with the title: //The Card Game// Question- What will you do when you finally get a Credit Card and Debit Card? Why? (What are the traps you will need to avoid?)
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Include a cartoon (you can try cagle.com) that helps describe the personal debt crisis in America. Include a graph that does the same. Include citations for both.

Read "Globalization: The Challenge to America" by Thomas Friedman. Answer the questions on the worksheet. Be sure to write your answers using a different color of font. PLEASE PRINT two-sided prior to next class. || MAR 4 || [|The Card Game] FRONTLINE || MAR 1 || **IN CLASS:** Loose-end: //Naked Economics Chapter 1// A Tale of Two Internets Scientific America Feb 2013 Construct a 6-8 Panel Cartoon using //Comic Life// that teaches one of the following Economic Principals from Chapter 1 from //Naked Economics.// Please include Name, Date, Class, Title, Scene, Transitions, Dialogue, CONTENT. //~//“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” || FEB 28 || **IN CLASS:** Seminar- //Naked Economics Chapter 1// FEB 26 || **IN CLASS:** White House Details Impact of Budget Cuts on Maine PPH Feb 25, 2013 Read //Naked Economics Chapter 1- The Power of Markets: Who Feeds Paris? (Pages 3-29)// Prepare for Seminar || FEB 25 || **IN CLASS:** J CREW & The Man Who Dressed America by CNBC @http://www.cnbc.com/id/47143501/ Read //Naked Economics Chapter 1- The Power of Markets: Who Feeds Paris? (Pages 3-29)// || FEB 15 || **IN CLASS:** Students will watch the movie on Wal-Mart. [|Is Wal Mart Good For America?] FRONTLINE 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, 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 Globalization cartoon (be sure to bookmark this website for future use) @http://www.cagle.com/
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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. || FEB 14 || **IN CLASS:** Yarmouth Budget Cuts Raise Spectre of Severe School Cuts FORECASTER Feb 13, 2013 Valentine's Day FEB 12 || **IN CLASS:** Test- Chapter 1 FEB 11 || **IN CLASS:** Go to the class Blog and construct a new post with the title: **//Is College Worth it?//** //Using your own headphones (if you do not own headphones go to library and borrow some) l////isten to this pod cast from// Freakenomics Goes to CollegePart I (30:00min) What's a college degree really worth these days? Listen to the interview with Karl Rove and Steve Levitt (listen to the last 15:00min). You will find this website interesting.... and troubling! @http://diplomamakers.com/
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//How do economists place a value on a college education?// Is College Worth It? TIME Don't Think College Is Worth It? Ask People Who haven't Gone NYTIMES

//OR//

Go to the class Blog and construct a new post with the title: **//College Majors?//** //After reading the following articles- what do you learn about College Majors?// 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 (2012)

OR

Go to the class Blog and listen to this podcast and create a worksheet that asks questions and get's at the heart of these stories. What is the hidden economic principal of this story? Freakenomics Goes to CollegePart II (30:00 min) College tends to make people happier, healthier, and wealthier. But how? || FEB 8 || NO CLASS- SNOW DAY || FEB 7 || **IN CLASS:** Lecture from- Federal Spending Go to the class Blog and construct a new post with the title: **//What about College?//** Using all of the resources we have examined in class and the website [|What will College Run You]? (CNN, 2010) write well thought-out answers to the following questions: //T[|ough Times For Graduates]// - Newsweek (May 29, 2011) [|For Graduates, A Shrinking Payoff]- NYTIMES (Aug 31, 2011)
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1. Explain the challenges being faced by college graduates. Use statistics and examples (cite your work) 2. Look up the costs of 3 different colleges you are considering attending. 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? 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. FEB 5 || **IN CLASS:** 10am Hector Hebert Lecture from European Union FEB 4 || **IN CLASS:** Lecture CH1 part 1 (3-12) Scarcity-[| Gold Rush & Mr Pearl's Hermes Scarf] - Newsweek (April 17, 2011) Art Market Booming During Recession PRI (May 2011) 6:20min Scream Sale $119 Million
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Lecture CH 1- 2 //**Opportunity Costs- College**// Video- Opportunity Costs (3:39) || FEB 1 || **IN CLASS:**
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Complete Economic Text CH1 part 2 (12-24) || JAN 31 || **IN CLASS:** no class- Activity Day
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no class- CEP work || Lecture- Economic Way of Thinking [|Town to vote on new garage, athletic field] -PPH (Sept 19, 201)
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Create a Blog Post- //Town of Yarmouth Annual Report 2011// //Identify 5 economic insights into the town of Yarmouth.//

Read Text 3-12 || Rock-Paper-Scissors vs The Computer NYTimes The i-Phone Economy NYTIMES (4:36) The Robot Factory Future NYTimes (3:58) Inside Tesla Body Shop (2:09) How Technology is Replacing Workers Investopedia All Over The World Technology Replacing Employees PPH Jan 23, 2013 Race Against The Machine Lawyers Replaced by Cheaper Software NYTimes
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Post on your Blog with the title //i-phone Economy//. 1. What are 5 economic insights you learn from this story? 2. How does this story connect to the challenges facing our country? 3. How does this story connect to your life and future? 4. Add a graph or an image (or a cartoon @http://www.cagle.com/) with citations & a captions. || Fiscal Cliff [|What is the Fiscal Cliff] Washington Post (Video 1:54) Taxmaggedon [|The Fiscal Cliff CBS] (Video 2:02) [|Democrats Must Accept Entitlement Reform] DAILYBEAST (with Video 2:23)
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Tax Deal Impact of Tax Deal- NYTIMES High Earners Face First Tax Increase in Years -WSJ



Please "Actively Read" //Competing Interests Cloud// //Spending Picture.// Identify 5 important insights you make into the current economic and political issues facing the United States.

1. "Actively Read" //Economics 101//- be sure to understand the basic economic vocabulary and concepts of: consume, scarcity, goods, services, supply, demand, capital, credit, debt, interest, stocks. 2. Answer the "Think About It" questions on page 8. ||
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Watch the following short video //Hard Times Generation//. Go to the class Blog and write a post with the title //Hard Times Generation//. 1. Summarize the thesis of the production. 2. What are the Five (5) most compelling facts in this video? 3. Identify the connection to our study of economics. 4. Add a graph and an image (or a cartoon @http://www.cagle.com/) with citations & a captions.

[|Hard Times Generation- Homeless Children]60 Minutes (14:04)

Maine Unemployment Jan 19, 2013 || Listen to the following short pod-cast about Poverty in America. 1. Summarize the thesis of the production. 2. What are the three most compelling facts in this video? 3. Identify the connection to our study of economics.
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Jig-Saw Economic Readings: Students will learn about a recent economic story from the list at the bottom of this page 1. Summarize the issue 2. Identify the major constituencies involved 3. Describe how it gives us insight into our "economic way of thinking" 4. look-up a few "loose ends" or questions you have from the reading.

How America's Losing The War on Poverty NPR (Aug 30, 2012) 11:29 America Losing The War on Poverty PPH (July 23, 2012) Wealth Redistributed: Two Visions Of America Clashing PPH (Sep 19, 2012) Grim Picture of Maine's Economy PPH (Sep 20, 2012) Politically, Poll Reveals Differences in Maine's Districts PPH (Oct 2, 2012) Self Destruction of the 1% NYTIMES (Oct 2012 Strong Start For Tourism in Maine PPH Sep, 4, 2012 On Job Gains, both Sides in the Right PPH Sep 6, 2012 1.5 Million Bond Turf Field Forecaster (Aug 2012) $1 Billion awarded to Apple Buffett's Muni-Bond Move WSJ (Aug 2012) (5:49) Swing States Polls NYTIMES (Aug 2012) The Giant Pool Of Money - //NPR// (May 29, 2008) 1hr Planet Money NPR (Aug 2012) An Eye For Retailing NYTIMES (Aug 2012) Campaign-Finance NYTimes (Aug 2012) Comparing Candidates on Medicare NYTIMES (Aug 2012) Colleges Offer More Courses Aimed At Job Market Miami Herald (Aug 29, 2012) Launch Pad Recession Hitting Millenials The Hardest Los Angeles Times (Aug 29, 2012) Middle Class Losing the Battle For a Better Life PPH (Aug 23, 2012) The Shrinking Middle Class NBC News Video (1:41) America's Middle Class is Shrinking. Who Is To Blame? Mail On LIne (Aug 2, 2012) Lost In Recession, Toll on Underemployed and Underpaid NYTIMES (June 18, 2012) U.S. Recession Takes Worst Toll on Middle Class Washington Post (Aug 12, 2012) The New American Household: 3 Generations and 1 Roof CNN MONEY (April 3, 2012) Gas prices hit record high for same date in August PPH (Aug 21, 2012) Gas Prices Rise ABC News Video (1:21) Gasoline Prices Again Take The High Road PPH (Aug 11, 2012) Low US Crop Estimate Heightens Food Crisis Concerns International Business Times (Aug 10, 2012) Maine Lobster Returns to Canada PPH (Aug 11, 2012) Lobster Dispute Hits Boiling Point PPH (Aug 9, 2012) When Gen Y Thinks Engine, it's to Search PPH (Aug 8, 2012) Portland at Forefront at Decline of Car Ownership PPH (July 26, 2012) Starbucks Adds Phone Pay Option PPH (Aug 9, 2012) Starbucks Mobile Applications Super Drainers Cause Problems In Yarmouth PPH (Aug 9, 2012) Facebook Won't Save US by Niall Ferguson The Daily Beast (July 30, 2012) Blame Wall Street for Facebook's IPO Debacle The Daily Beast (May 24, 2012) GE Builds Green Testing Ground for Corporate Fleets Minneapolis Star Tribune (June 5, 2012) Companies Adopting Oil Alternatives PPH (June 1, 2012) Nike To Sell Umbro, Maine Based Cole Haan PPH (June 1, 2012) Exports Help Maine Lumber Company Thrive During Recession PPH (May 22, 2012) 32 Innovations that will change your tomorrow NYTIMES (June 1, 2012) Why J.C. Penny Will be the Most Interesting Retailer of 2012 FORBES (Jan 26, 2012) J.C. Penny Announces Changes in Pricing Again PPH (July 27, 2012) Who Moved My Cheese? PPH (July 29, 2012) How America's Losing The War on Poverty NPR (Aug 30, 2012) 11:29 America Losing The War on Poverty PPH (July 23, 2012) In Global Economy Nations Sinking Together PPH (July 23, 2012) Global Economy at Risk as US, Europe, and Asia Slow Guardian (June 4, 2012)