Econ.+Stinger

Nov 4 Stinger: Define Demand Curve, Supply Curve, Substitution Effect Oct. 28 Stinger: Define Law of Demand, Law of Diminishing Marginal Utility Oct. 7 & 8: Stinger: Define Economic System and explain difference between gov't system and economic system. Essential Question: Explain why some countries are successful economically and others are not. Sept 20 & 23: Stinger: Define in your own terms Economic Rules and Economic Incentive. Essential Question: Explain why "There Is No Such Thing As A Free Lunch" in Economics? Sept 18 & 19: Stinger: Define Production Possibilities and Trade-off. Page 15 Essential Question: Explain why "There Is No Such Thing As A Free Lunch" in Economics? Sept 6 & 9: Stinger: Why is Scarcity the #1 Fundamental Problem in Economics? Essential Ques: Explain why "There Is No Such Thing As A Free Lunch" in Economics? Sept 4 & 5: Stinger: In your own words, define Economics Essential Ques: What is considered the #1 Fundamental Problem in Economics?

Honors & CP: Define Globalization and Outsourcing, then draw Venn Diagram.

CP: 3/4: Define Federal Reserve System & Federal Open Market Committee (FOMC) Honors: 2/25: Define Federal Reserve System & Monetary Policy (pg.388). 2/14 & 2/15: Welcome back West End Neighborhood Personal Finance, you need to complete their worksheet for class points 2/12 & 12/13: Define in your own words, Unequal Unemployment 2/7 & 2/8: Stinger: Welcome West End Neighborhood Personal Finance team and remember to complete their package because it counts as classwork. 2/5 & 2/6: Stinger: What is Hyperinflation and how can it greatly impact a country? 2/1 & 2/4: Stinger: Why is Inflation a major issue for individual people and the economy as a whole? 1/30 & 1/31 Stinger: List as many Gov't programs that you can think of that are intended to assist people that are unemployed. EQ: Describe the 4 types of unemployment 1/24 & 1/25 Stinger: Define Recession and estimate where you believe the US economy is on the business cycle EQ: Describe the 4 phases of the Business Cycle 1/22 & 1/23 Stinger: Define Business Cycle and Business Fluctuation EQ: Describe the 4 phases of the Business Cycle 1/7 & 1/8 Stinger: Explain compound interest. What should you NEVER do with your money saving for retirement? EQ: Demonstrate understanding of Compounding interest and Financial goal making 1/4 & 1/5 Stinger: What is an excellent method to make an informed decision so that a person can make successful financial decisions? EQ: Demonstrate understanding of Financial Goal making 1/2 & 1/3: Stinger: Did you have a budget for holiday gifts? Did you spend more or less? Why? EQ: Demonstrate understanding of Financial Goal making 12/19 & 12/20: What do you believe are the top 5 reasons people go broke (go bankrupt)? 12/17 & 12/18: Get out Notes for Unit Test 12/12 & 12/13: Pg. 66, questions #1, #2, #3 (buying principles) 12/10 & 12/11: Define Elasticity and Elastic Demand 12/6 & 12/7 Get out Notes to review for Supply & Demand Quiz 12/4 & 12/5 Define Diminishing Marginal Utility 11/30 & 12/3 Define Shortage and Surplus 11/28 & 11/29 Define Law of Demand, Law of Supply 11/26 & 11/27 Define Complentary Good & Substitution Effect.