Tuesday, December 27, 2011


http://www.slideshare.net/rossdawson/2012-12-themes-10454227" title="2012: 12 Themes - What to expect in the year ahead" target="_blank">2012: 12 Themes - What to expect in the year ahead
View more http://www.slideshare.net/" target="_blank">presentations from http://www.slideshare.net/rossdawson" target="_blank">Ross Dawsn

Sunday, October 23, 2011

Week of October 24, 2011

Business interviews are due on Friday.
take home quiz on 8 due Monday
Quiz on Chapter 8 on Tuesday.

Chapter 9 (1) on Wednesday
9(2) due on Thursday
9(3) due on Monday next week.


Monday, October 3, 2011

Week of October 3, 2011

H.S. Edition of WSJ is due Wednesday: quiz grade

Quiz on the rest of Chapter 3 on Friday

Due next Tuesday (Oct. 11,2011)

Chapter 8  Business Organizations
8(1) Sole Proprietorships (184-188)
Identify the key terms.
Look at the list of characterists of entrepreneurs  on page 186.  Identify what you think are the top three characteristics of an entrepreneur.   Do you have any of these traits?  Explain.
Read the chart of characteristis of proprietorships (186) Answer the two questions at the bottom of the chart. 
Answer Assessment questions #1-6  (odd/even) on page 188

Read the profile on Jerry Yang on page 189.  Answer question #1+2.

8(2) Partnerships (190-193)
Identify the key terms.
Read chart 8.3 on pag 191. Describe partnerships in terms of industry and income.
Why is the cartoon included on page 192?
Answer questions #1-6 (odd/even on page 193)


Due next Wednesday (Oct. 12, 2011)
8(3) Corporations, Mergers, and Multinationals (195-200)
Identify the key terms
Look at chart 8.4 on page 196.  What incentives do business have to form corporations?
Look at chart  8.5 on page 198.  Explain the difference between a horizontal and a vertical merger.
Look at 8.6 on page 199.  Why don't conglomerates decrease competition? 
Why is the picture shown on page 200?
Answer questions #1-7 on page 200 (odd/even)

8(4) Other Organizations (201-204)
Identify the key terms
Read the fast fact on page 202, what business is discussed?
Look at the picture on 202, what is the advantage of a consumer co-op?
Read Global Connection (203) Why promote  "shade grown coffee"?
What are the goals of the nonprofit organizations illustrated on page 204?
Answer questions #1-8 (odd/even on page 204)

Read the Real Life case study on page 205.  Answer questions #1+2 on page 205

Wednesday, September 14, 2011

Chapter 3 American Free Enterprise

3(1) Benefits of Free Enterprise
Identify the key terms.
Read the preview on page 51.  How does the photo on page 51 represent the American free enterprise system? Read 3.1 on page 52, list the 7 features of the American Free Enterprise system. Read Global Connections on 54, list three factors which cause problems for entrepreneurs in Russia today. Look at the chart of Federal Regulatory Agencise on page 55, which agency might Green Harbors  overlap?.
Answer questions #1-6 (odd/even) on page 55

 Read the profile of Aliced Rivlin on page 56,  Answer questions #1-3 in complete sentences.

3(2)  Promoting Growth and Stability 
Identify the key terms.
Read the preview on page 57.  Look at the picture on page 59, how does technology help the economy grow?  Read Fast Fact (60), what are the two types of energy reserves?

Answer questions #1-8 (odd/even) on page 60.

Read Skills for Life (61)  answer question #3.

3(3) Providing Public Goods
Identify the key terms.
Read the Preview on page 62. List at least three public goods pictured on page 63. Read the Creation of a Public Good (64) If the farmers wanted irrigation ditches built from the dam to their farms would these ditches be public goods?  Look at the picture on page 65 list two positive and two negative externalities of the new lake built by the dam.  Read Fast Fact (66) why would the government allow the "pollution permits" to be bought and sold?
Answer questions  #1-7 (odd/even) on page 66.

3(4) Providing a Safety Net
Identify the key terms
Read the Preview on page 67. Look at figure 3.6 on page 689, when was Aid to Families and Dependent Children changed to Temporay Assistance for Needy Families? 
Answer questions #1-6 (odd even on page 70.
Read the Real life case study (71) answer questins #1+2 .

Thursday, September 8, 2011

Chapter 2 homework

Chapter 2, Economic Systems (p. 22-47)

Read 2(1) p. 22-27 Read the preview of the section pn page 23. Look at the picture on p.22. What do economic systems enable societies to do? Look at the graph on p.24, what resource dominates wheat production? What caused these changes? Write down the 5 economic goals listed in the text box on page 25, what economic goal could help these hurricane victims? What type of economic system is pictured on page 26? Identify the key terms listed on page 23. Answer questions #1-8 (odd or even) on page 27.

Read 2(2) p.28-32 Read the preview of the section on page 28. What are the three examples of markets pictured on page 28-29. Look at the Circular Flow pictured on page 30, What is exchanged in the factor market? What is exchanged in the product market? Look at the cartoon on page 31, what are they really saying? Read the fast fact on page 32, when does the free market provide social services? Identify the key terms listed on page 29, Answer questions #1-8 (odd/even) on page 32. Read the Profile on Adam Smith (p.33) Answer questions #1+2 .

Read 2(3) Centrally Planned Economies Read the preview of the section on page 34. Look at eh pictures on page 34, why doesn't the government have to motivate individuals in a market economy? Look at the picture on 35, does the worker appear very style conscious? What three communist icons are pictured on page 36? What problems are shown in the pictures on pages 36 and 37? Identify the key terms listed on page 34. Answer questions #1-6 (odd/even on page 38. Read the Real-Life Case Study on pag 39. Answer questions #1+2 on page 39.

Read 2(4) p.40-44 Read the preview of the section on page 40. What public good is pictured on page 40? What government benefit is pictured on page 41? Read about Sweden's Mixed Economy on page 41, why do economists refer to the Swedish government as a "nanny state"? Look at the new circular flow model pn page 42, how does it differ from the model on page 30? Look at the Continuum of Mixed Economies picture on pag 43, where would Sweden fit? Explain your answer. Read the fast fact on page 43, what Chinese fast food is discussed? Look at the picture on page 44, what type of economic systems are shown? Identify the key terms listed on page 40?

Sunday, August 28, 2011

Week of August 31, 2000

Welcome back to school. I am sorry that I am unable to begin the school year with you as I am recovering from knee replacement surgery and my recovery is taking longer than I anticipated, but I feel lucky that Mr. Izzo is filling in for me during this time. Mr. Izzo has an excellent understanding of economics since he has majored in sociology which focuses on individual and group behavior in society.

Economics is the study of how people seek to satisfy their needs and wants by making choices. People have unlimited wants but limited resources and choices have to be made. For instance, homework will count 20% towards your final grade. Homework will not be that hard but it will require some of your limited time. Some students will choose to complete all of the homework on time while other students will choose to use this time to work, or sleep or watch t.v. A choice has been made to use time and energy for some other purpose besides homework which will affect your grade.

On most days I will stay after school in room 74 until  3:00, and if you let me know beforehand I will definately be there.    My contractural exta help day after school will be on Thursday.

First week homework assignment:
Chapter 1 section 1 (2-6) Identify the key terms. Answer questions #1-8 (odd or even) on page 6
Read the Profile on Gary Becker (p.7) Answer questions #1-3.

Chapter 1 section 2 (8-11) Identify the key terms. Read Global Connections (p.9) and answer the question in the text box. Answer questions #1-9. (odd or even)

Chapter 1 section 3 (13-18) Identify the key terms. Answer the question in the figure 1.5 on page 15. Answer questions #1-7 (odd or even) on page 18.

Read Real Life Case Study, (p.19) answer questions #1+2.