ECONOMIC NOTEBOOKFall Semester, 2014

FUNDAMENTAL UNIT NOTEBOOK

In your notebook, you should have the following for the FUNDAMENTAL unit:

Notes• Fundamentals (includes sections: What is Economics, Needs v. Wants. Scarcity, Basic

Economic Questions, Productive Resources, Basic Concepts, Opportunity Cost, Production Possibilities Curve, Reading the PPC, Circular Flow Chart, Specialization, Division of Labor, Adam Smith & Wealth of Nations, Trade Exchange & Interdependence)

• Economic Systems & Institutions (includes sections: Economic Systems & categorized, Economic Institutions & categorized)

• Class Notes (sections include: Roles of Government, Property Rights, Income Distribution, Incentives, Market Failures, Productivity, Economic Growth, Technology)

Class Work• Econ Lab #1 (No Free Lunches)• To Trade or Not to Trade (Nino’s Pizza Shoppe, Galifrey/Oparlandia, Comp Adv: Cell

Phones & Microwaves)• Reading from Adam Smith’s Wealth of Nations• Wrap-Up Questions (Earning a Living in Econoland)• Review Guide (Fundamentals)

FUNDAMENTAL UNIT NOTEBOOK

HONORS (4th & 6th Only) should also have:• Reading: Positive vs. Normative Economics + Walk Around Survey

• Reading: "What's to Love about Economics?  The Virtues of the Economic Way of Thinking" + insert strategy & modified annotations

• Skillbuilder: Opportunity Costs & PPCs

MICROECONOMIC UNIT NOTEBOOK

In your notebook, you should have the following for the MICROECONOMIC unit:

Notes• Demand & Supply• Price Ceilings, Price Floors, Elasticity of Demand, Elasticity of Supply• Scavenger Hunt Notes (Circular Flow, Money, Producers, Entrepreneurs, Profit Motive,

Consumers)Class Work

• Skillbuilder – Demand• Skillbuilder – Supply• Skillbuilder – Demand & Supply Headlines• Market in Crude Oil Scoresheet + questions• Skillbuilder – Price Ceilings & Price Floors• Skillbuilder – Elasticity of Demand• Skillbuilder – Money• Graphic Organizer – Market Structures & Business Organizations• Review Sheet - Micro

MICROECONOMIC UNIT NOTEBOOK

Honors (4th & 6th Periods) should also have:• Reading: "The Coffee Market's Hot: Why Are Bean Prices Not? Insights into Supply and

Demand" (D. Anderson) + Grill the Author/Note-Sparring (divided notes 9/3/14) 

• Reading: "Wal-Mart: Friend or Foe? Economies of Scale, Low Prices, Low Wages and Thinking Outside the Box" (D. Anderson) + reading questions 9/18/14

MACROECONOMIC UNIT NOTEBOOK

In your notebook, you should have the following for the MACROECONOMIC unit:

Notes• Aggregate Demand & Aggregate Supply• Employment, Business Cycles, Economic Growth• GDP, Inflation, CPI• Monetary Policy & the Federal Reserve Bank• Fiscal Policy

Class Work• Skillbuilder: Aggregate Demand/Aggregate Supply • Motion Picture Analysis Worksheet: Norma Rae• Skillbuilder: GDP• Activity: Economic Indicators (instructions)• Activity: Economic Indicators (scenarios & cards to match) • Reading Guide: Ch. 13 (Econ Alive!) Economic Measurements (see me for reading packet)• Graphic Organizer: Monetary & Fiscal Policy• Review Sheet: Macroeconomics Unit 

MACROECONOMIC UNIT NOTEBOOK

Honors (4th & 6th Periods) should also have:• Reading: "Why Do We Neglect Leisure & Cheer Divorce? The Divergence of GDP & Measures

of Well-Being" (D. Anderson) + reading questions

• Reading:  "Module 20 - Economic Policy & the Aggregate Demand/Aggregate Supply Model" (Ray, Anderson, Krugman & Wells)

INTERNATIONAL UNIT NOTEBOOK

In your notebook, you should have the following for the MACROECONOMIC unit:

Notes• Barriers to Trade

• Balance of Trade & Balance of Payments

• Benefits of Trade & Comparative Advantage

• Foreign Currency Exchange

Class Work• Comparative Advantage Activity (Betsy & Bert)

• Reading: "Explore the Concept: Foreign Currency Exchange" + flip book