Economics

Teacher: Mr. Bryan                                                    
Course: Economics

Expectations
  1. Be on time.  The Millington High tardy policy will be enforced.
  2. Be prepared.  Book, notebook, and a writing utensil should be brought to class daily.
  3. Be responsible.  Make wise decisions, you will be held accountable for your actions.
  4. Demonstrate respect. Towards the teacher, other students, and yourself.


Your behavior should be in line with the following principles at all times:

Honesty, Courtesy, Respect, and Responsibility.

Conversely, I will demonstrate these principles in all of my dealings with students.

Grades

Grades are not given, they are earned!  Assessments will fairly and accurately measure the amount of knowledge you have learned.

My classes use a total point system.  Homework, classwork, and quizzes will usually carry a value of 20 or 30 points, depending on the length of the assignment. 

At least two grades will be recorded each week.

Homework will not count for more than 10% of the total grade.

Students are required to keep a notebook for their bellwork, assignments, and class notes.  The notebook will be assessed twice each Quarter.

Make Up Work

The responsibility for finding out about make up work lies with the student. 

Upon returning from an absence, the student should ask the teacher or a reliable classmate about missed work.  Make up work should be completed as quickly as possible, and excessively late work will not be accepted.  

Make up tests may require the student to stay after school.  Please don’t miss on test day.

 Leaving Class

Students will be allowed to leave the room only after the first 20 minutes and not within the last 20 minutes of class.

Please go to the restroom and get water between classes to minimize interruptions.  Under no circumstance should a student leave class without first obtaining the teachers signature on a hall pass.

 Important!

*All electronic devices, including cell phones and MP3 players, are forbidden inside the classroom according to policy, and will be collected if their use becomes a problem.

*Food and drink are not allowed inside the classroom. 

*Students must be dressed in accordance with dress code policy.

Supplies Needed: Pens, Pencils, Paper, Folder/Notebook.

Course Description: This course will provide students with an understanding of the way in which society organizes its limited resources to satisfy unlimited wants.  Students will be introduced to the major characteristics of the mixed market economic system in the U.S., and how basic economic questions are answered.  Emphasis will be placed on the role of the individual as a producer, saver, and taxpayer in relation to the system. 

Q3 Course Syllabus:

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes

 

1

 

 

What is Economics: Intro to Economic Thinking

Explain how consumers and producers confront the condition of scarcity, by making choices that involve opportunity costs and tradeoffs.

 

Identify three ideas that Adam Smith contributed to modern Economic thought.

 

E.1

E.2

 

Ch.1.1 Quiz

 

Ch.1.1 and 1.2 Voc

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes


2

 

 

 

 

What is Economics: Intro to Economic Thinking

Illustrate the interactions between the participants in the economy by drawing a circular flow of economic activity diagram.

 

Demonstrate mastery of Ch.1.

E.8

Circular Flow Diagram

 

Ch.1 review

 

Ch. 1 Test

 

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes

 

3


 

 

Economic Systems

Examine informational text and primary sources to analyze the major ideas of an economist.

E.3

E.10

Economist Project

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes

 

 

4

 

 

 

Economic Systems

Compare and contrast the various economic systems (traditional, market, command, mixed).

 

Compare and contrast the theoretical principles of the economic systems of capitalism, socialism, and communism, and use historical examples to provide evidence of their effectiveness.

E.6

E.9

Ch.2 Voc.

 

Ch.2 Quiz

 

 

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes


 

5

 

 

 

 

 

Economic Systems

Identify and explain the broad goals of economic policy such as freedom, efficiency, equity, security, growth, price stability, and full employment.

 

Demonstrate mastery of Ch.2 material.

 

Ch.2 Review

 

Ch.2 Test

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes

 

6

 

 

 

 

 

 

Business Organizations

Compare and contrast the following forms of business organization: sole proprietorship, partnership, and corporation.

Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure competition.

 

E.23

E.26

Ch.3 Voc.

 

 

Bellwork Journal 1

 

 

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes


 

7

 

 

Business Organizations

Entrepreneurship Project: Design a competitive business to meet a need in the economy, providing details on capital procurement, operational expenses, cash flow, and marketing.

 

E. 32

E. 30

Lab Research

 

Business Project

 

Ch. 4, 5 and 6 will be taught together as one Unit.

(Demand, Supply, and Price)

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes


 

8

 


 

 

 

Business Organizations

Analyze the various ways and reasons that firms grow either through reinvestment of financial capital obtained through retained earnings, stock issues and borrowing, or through horizontal, vertical, and conglomerate mergers.

E.24

E.32

Business Evaluations (Cont.)

 

Ch.3 Test

 

 

Week

Lesson Focus

Weekly Objectives

TN Standards

Assessments

Additional Notes



9

 

 

 

 

Demand

 

Define demand, and provide relevant examples.

Identify factors that cause changes in market demand.

Demonstrate how changes in demand influence equilibrium price and quantity in the product, resource, and financial markets.

Read and draw demand curves

 

E.11

E.16

E.17

E.18

Ch.4, 5 and 6 Voc

 

Graphing Demand WS