Economics - 5th Hour - Semester 1 - 20/21-5th Hour Assignments

The government, through its power of taxation, removes resources(money and property) from the free market economy in order to redistribute those resources to the population. This redistribution includes paying for roads, schools, police, fire, military, sports stadiums, entitlements, subsidies, etc.

Most people agree that taxes are necessary but that too much taxation is bad for the economy. The most effective taxes are simple, equitable, and efficient.

One question we ask when deciding on taxes is who should pay them. Below are two answers to that question:

1. People who get the benefit from the government service should have to pay, i.e. if you drive a car you pay a gas tax, or if you drive on a toll(tax) road you pay the toll(tax). - Benefit Principle

2. People who have the ability to pay should have to pay, i.e. if someone earns more than enough income for them to live comfortably, they should pay more in tax than someone who does not earn enough income. - Ability to Pay Principle

Another question we ask is what type of tax? There are 3 types:

1. Progressive - The more resources/wealth/income you have, the higher percentage of taxes you pay. One example is income taxes.
2. Regressive - The less resources/wealth/income you have, the higher percentage of taxes you pay. One example is sales taxes on necessary goods and services.
3. Proportional - Everyone pays the same percentage of tax regardles of their resources/wealth/income. One example is property taxes.

In this assignment you are going to explore the answer to those questions: Who should have to pay taxes. First, we will build some background together about taxes. Second, watch the video and respond to the questions in the attached Google Form. This is what you will turn in.

Have you ever wondered, "why doesn't the government just print more money?" Well, today is the day you get an answer to that question. We will address how money gets created by completing the Google Sheets file attached below.

You will turn this in at the end of today's lesson.

Using the living wage calculator, identify living wages and typical expenses for the Metro Detroit area and compare them to another metro area of your choosing.

1. Read the article attached below from the Wall Street Journal (WSJ) describing Black Friday sales from this weekend.

2. Complete the Quizizz questions. You may take the Quizizz as many times as necessary to get the highest score possible. Your target should be 100%

We will use this file for today's lesson. You will also complete actions in this file for homework.

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CO: SWD analysis of changes in commodity prices by identifying possible causes of those changes in a Google Slide
LO: SW write to describe a commodity and its change in price using provided sentence stems.

Please complete the following items from the textbook.

This will be graded for completion. Please do your best on each item. If you get it wrong, that is ok, that gives me information about what/how to teach you.

Chapter 6
Pg 146 - 2, 4, 5
Pg 154 - 2, 4, 5
Pg 161 - 2, 5


NOTE: If you are having trouble with the pdf of the textbook, download it to your computer. It will run faster from your computer than from the Google Drive.

Use the attached article to answer the questions in the Google Form. If you score higher on this assignment than on the previous article assignment, this score will replace that one. Please do not just copy and paste from the article, write your answers in your own words.

NOTE: Academic dishonesty, including copying another student's work, will result in a zero for this assignment both for the person who copied and for the person who shared their answers. You may work together, but your responses must be unique and your own.

If you do chose to help each other, do this: If a classmate asks for help with a question, tell them where in the article you found the answer, rather than just telling them the answer. This will help them but also enable them to practice their own skills.

Today we are going to learn a part of how to manage a business. We will complete this cost worksheet together.

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CO: SWD analysis of business profits by completing a marginal analysis to find the breakeven point
LO: SW write to define fixed and variable costs using John Collins Type 2

Use this slide show to participate in guided notes today.

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CO: SWD comprehension of the law of supply by illustrating it with a supply curve
LO: SW write to describe the effect on supply when affected by a determinant of supply using the words increase or decrease.

Read the article linked below (You can read either the link to the website or the pdf version, they are the same) then answer the questions in the Google Form. The expectation is you will work on this on Friday of this week. However, you may do it earlier or over the weekend if that works better for you.

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CO: SWD analysis of cause and effect in the market for mink furs
LO: SW read an article about the market for mink furs and write to identify the main idea using a google form.

Please complete the following items from the textbook.

This will be graded for completion. Please do your best on each item. If you get it wrong, that is ok, that gives me information about what/how to teach you.

Chapter 5
Pg. 117 - Reading Strategy
Pg. 125 - 2, 3
Pg. 130 - 3,4
Pg. 137 - 2, 3


NOTE: If you are having trouble with the pdf of the textbook, download it to your computer. It will run faster from your computer than from the Google Drive.

Use the Google Slides to describe and illustrate changes to demand.

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CO: SWD evaluation of microeconomic scenarios and determine which determinant of demand is driving the change and the direction of the change by highlighting in a list.
LO: SW write to draw changes in demand on graphs

We will draw demand curves to illustrate elasticity of demand

_________________________________________________________________________
SWD application of illustrating demand elasticity by drawing demand cuves.
SW write to list the determinants of demand in a Jamboard

Today's lesson is about cause and effect. We want to be able to identify how a change in a determinant of demand will affect demand. There are 3 files. One is a copy of notes about determinants of demand. That is for your reference. One is a Google Slides we will work in together today. The third is a worksheet you will complete on your own to identify errors on graphs of demand curves.

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CO: SWD comprehension of the effect a change in a determinant of demand has on demand by describing examples in a table in Google Slides
LO: SW read demand curves and identify what is wrong with the curve.

CCSS.ELA-LITERACY.RH.9-10.3
Analyze in detail a series of events described in a text; determine whether earlier events caused later ones or simply preceded them.

Please complete the following items from the textbook.

This will be graded for completion. Please do your best on each item. If you get it wrong, that is ok, that gives me information about what/how to teach you.

Chapter 4
Page 91 - Reading strategy
Page 95 - 2, 3
Page 97 - Reading strategy
Pag 101 - 2, 4
Page 103 - Reading strategy
Page 109 - 3, 4


NOTE: If you are having trouble with the pdf of the textbook, download it to your computer. It will run faster from your computer than from the Google Drive.

We will use this Google Sheets for today's live lesson

Please take this survey to indicate if you would like to get a hardcopy of the textbook from the school.

We will use the Google Doc attached for notes. - This is worth 10 points toward the Live participation part of your grade.

We will use this Google Sheets workbook along with the article linked below for today's assignment. If you don't get it done in class, it will become homework. - This is worth 38 points towards to Homework part of your grade.

If you did not score at least an 84% (11 out of 13 correct) please use this link to continue to attempt this review.

Use this file to participate in today's activity.

You need to create 4 graphs total, one for each column. You will use data from www.tradingeconomics.com to complete this assignment.

I will model how to create graphs in today's live lesson.

I'm a bit late posting this because the debate starts in under 2 hours, but I decided I wanted to give an extra credit assignment based on tonight's presidential debate. The debate begins at 9pm and will be broadcast on most networks (ABC, CBS, NBC, FOX). To earn the extra credit you must:

1. Identify one issue discussed in the debate.
2. In the correct box, describe Joe Biden's position on this issue.
3. In the correct box, describe Donald Trump's position on this issue.

The due date might seem odd, but I cannot accept this late. The purpose is for you to engage in the debate while it is happening, but also give enough time to complete your response. The debate will probably last 1-2 hours, you do not need to watch the entire thing.

It should go without saying, plagiarism or other academic dishonesty will not earn credit. Your responses must be in your own words. If this goes well, I may offer a similar opportunity for future debates.

Use this file to take notes and participate in class today.

Please use this file to rank the economic and social goals on their relative importance.

Use the Google Slides presentation to take notes and participate in the activities for today's lesson. These must be turned in at the end of the lesson to earn credit.

Please complete the following items from the textbook. This is On Demand work and should be completed outside of the Live sessions.

This will be graded for completion. Please do your best on each item. If you get it wrong, that is ok, that gives me information about what/how to teach you.

Pg. 41 - 2, 4, 8
Pg. 43 - Reading Strategy
Pg. 46 - 3
Pg. 53 - 2, 4

NOTE: If you are having trouble with the pdf of the textbook, download it to your computer. It will run faster from your computer than from the Google Drive.

Please use this Google Slides presentation to take notes during today's lesson. You will turn this in at the end of the live session today.

This is an On Demand assignment. You should complete this on Friday. Friday's are not days off, this is your economics lesson for Friday, 9-11-20.

1. Watch the video (7 min) linked below. (You can also read the transcript if you prefer).
2. While watching the video, take notes on Economic Systems. There is a copy of the slide show linked below, you can use that to take notes on if you like.
3. Complete the Economic Systems graphic organizer on the last slide of the presentation.
4. Turn in your slideshow via Google Classroom.

5th and 6th hour. I'm sorry this wasn't posted yesterday. Google Drive crashed, nationwide, so I could not attach the document for you to work on. I recommend getting this done during this week, but I've set the due date to Sunday evening because some of you may need the extra time or prefer to work on the weekend.

Please complete the following items from the textbook. This is On Demand work and should be completed outside of the Live sessions.

This will be graded for completion. Please do your best on each item. If you get it wrong, that is ok, that gives me information about what/how to teach you.

Pg. 10 - 2, 3, 7
Pg. 12 - Reading Strategy
Pg. 25 - 2, 3, 6

Just in case anyone had issues completing this in class, or were absent, here is a copy of the slides we worked on in class yesterday. If you have not complete this, please do so.

Please introduce yourself. You must show your face on the video OR you can show a slide/image/photo that represents you. Use the sentence stems I have below.

Hello, my name is ____. One fact about me is _____. In economics, I really hope we learn about ____. I have already learned that economics is the study of _____.