Semester+2,+2013-2014

= = 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? ||||  || JUN 11 || **In Class:** Wall Street 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. || JUN 9 || **In Class:** Wall Street Quotes from Wall Street 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 || JUN 5 || **In Class:** Quiz- Investment Vocabulary Complete this worksheet on Asset Allocation Complete Asset Alloocation || JUN 3 || **In Class:** Practice Quiz- Investment Vocabulary Sectors of Investment Re-balance your portfolio taking into account the different sectors of the economy. || 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)] Study the following vocabulary terms for a quiz next Wednesday. || 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// **. [] Complete your investment portfolio. || MAY 23 || **In Class:** What is Stock? How the Stock Market Works for Dummies (9:13) [|New York Times] [|Wall Street Journal] || MAY 21 || **In Class:** YEP- Presentations Lee Mallett Kate Dalton Amy Williams MAY 19 || **In Class:** YEP- Presentations Emily Pearl Kate Dalton Art Bell MAY 15 || **In Class:** YEP- Round Tables Peter Anastos Lee Mallett Art Bell MAY 13 || **In Class:** AP US History Start Power-Point Start Web Site Start Hand-Outs Finish and Print out Paper prior to 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 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. Complete all Financial Statements || 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" Work on Financial Spreadsheet- "Start Up Costs" and || 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. 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 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.) 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) 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. 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. || APR 15 || **In Class:** Thank you For Smoking 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. || APR 11 || **In Class:** If Wal Mart Paid a Living Wage (2:01) Thank you For Smoking Read about SNUS and E-Cigarettes and understand the Lawsuits against tobacco companies. [|Tobacco Settlement Agreement of 1998] || APR 9 || **In Class:** Test- Chapter 2 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 Study for Test || APR 3 || **In Class:** Seminar- //Naked Economics: Incentives Matter// 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 // || 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 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/
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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. || 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 Read Chapter #2 // Naked Economics: Incentives Matter // Prepare for Seminar Next Thursday || MAR 26 || **In Class:** Lecture- Supply Changes in Supply and Shift of Supply Curve (2:49) // Econ Girl //
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[|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? 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) || 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 // 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 || 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 || MAR 18 || **In Class:** How to Avoid Getting Ripped Off at the ATM NPR Planet Money
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Visa & MasterCard want Microchips

[|The Card Game] FRONTLINE Watch the Film Card Game Bring Text to class || MAR 13 || **In Class:** Test- Chapter 1, Naked Economics Chapter 1 none || 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” 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. || MAR 7 || **In Class:** Naked Economics Seminar None || MAR 5 || **In Class:** Maine economy may feel effects of Canadian dollar’s decline Press Herald March 3, 2014 Examine Report from Town of Yarmouth Review Seminar Format 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 || 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 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” || 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. 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 || 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/ || FEB 14 || Review Chapter 1: Part 2 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. || FEB 12 || Review Chapter 1 Part 2 || 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 Read CH 1 Part 2 pages 12-24 and complete thinking questions || 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) Read Text CH1 part 1 (3-12) || FEB 4 || Minimum Wage Debate - John Stewart (4:59)
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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 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 || 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. Planet Money Makes a T-Shirt NPR Dec, 2013 || JAN 29 || **In Class:** 10 Startling Facts Washington Post Family Budget Calculator Huffington Post Interactive Map on Poverty NYTimes Interactive Map on Uninsured NYTimes
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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?

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) Read " Globalization: The Challenge to America " by Thomas Friedman. Answer the questions on the worksheet and consider how Globalization will effect your future. || JAN 27 || Here is the Course of Studies Guide: Lecture- Economic Way of Thinking Map: Top State Income Tax Rates
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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. Why did you select this economics class? What are you most interested to learn this year? What are your goals for this course? || In the War on Poverty, a Dogged Adversary NYTimes Dec 17, 2013 [|Propane imports may help ease regional shortage that is driving up prices]Press Herald Jan 7, 2014 Planet Money Makes a T-Shirt NPR Dec, 2013 40 more maps that explain the world Washington Post
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