U.S. Banking Today 🏧

🎯 Learning Targets

• Identify the most common types of U.S. financial institutions
• Explain how automation has affected banking practices
• Identify and describe the results of banking deregulation
• Explain the crises that financial institutions faced in the late 1980s

⏰ What We Did

• Assessed the completion of a running record in "Business Strategy" from hypothetical scenarios

💯 Assessment Make-ups

• Make-ups for the Unit 1 Content (Part I) and/or Skills (Part II) Assessments will take place by the end of TODAY during non-core (i.e., electives) classes

History of U.S. Banking 🏦

🎯 Learning Targets

• Describe the views of Federalists and Anti-Federalists about U.S. banking
• Explain how the development in the 1860s of nationally-chartered banks affected the power of state-chartered banks
• Describe how the government reformed and regulated the banking system after World War I

⏰ What We Did

• Used the instructional notes for Lesson 7, Part 4 to chronologically order the 10 events surrounding the history of banking within the United States

💯 Assessment Make-ups

• Make-ups for the Unit 1 Content (Part I) and/or Skills (Part II) Assessments will take place by FRIDAY during non-core (i.e., electives) classes

💻 Homework

• Watch and take notes on Lesson 7, Part 5: U.S. Banking Today, before class tomorrow

Money 🍨

🎯 Learning Targets

• Explain the functions that money serves
• Describe the characteristics that an item must have to be used as money
• Identity the sources of money's value
• Identify and describe the types of money that are used in the United States

⏰ What We Did

• Illustrated the five characteristics of money by examining ice cream as a medium of exchange
• Determined whether salt, clam shells, cattle, silver, or brass coins would serve as suitable forms of money

⚙️ Resources

• Evaluating Mediums of Exchange (A-11)

💯 Assessment Make-ups

• Make-ups for the Unit 1 Content (Part I) and/or Skills (Part II) Assessments will take place after school TODAY OR this week during non-core (i.e., electives) classes by Friday

💻 Homework

• Watch and take notes on Lesson 7, Part 4: History of U.S. Banking, before class tomorrow

The U.S. Economy at Work 💼

🎯 Learning Targets

• Describe how nations decide how to use scarce resources
• List and define the major goals of the U.S. economy
• Explain why economic goals sometimes conflict

⏰ What We Did

• Distributed and discussed the checklist for the third Economics Binder Check
• Continued playing "Business Strategy," highlighting aspects of the instructional video within the context of the game's classroom economy

⚙️ Resources

• Economics Binder Portal (T 13 May 2025)
• Business Strategy Central

💯 Assessment Make-ups

• Make-ups for the Unit 1 Content (Part I) and/or Skills (Part II) Assessments will take place after school on T 6 May and W 7 May OR this week during non-core (i.e., electives) classes

💻 Homework

• Watch and take notes on Lesson 7, Part 3: Money, before class tomorrow

Features of the U.S. Economy 🇺🇸

🎯 Learning Targets

• Describe the main features of free enterprise in the United States
• Name the two markets of the circular flow model
• Explain how the circular flow model reflects exchange

⏰ What We Did

• Watched and took instructional notes on Lesson 7, Part 1: Features of the U.S. Economy
• Distributed and explored a handout on the circular flow model
• Continued playing "Business Strategy," highlighting aspects of the classroom economy from the instructional video
• Due to the high number of assessment make-ups — Used instructional notes from Lesson 7, Part 1 to answer the following questions in complete sentences:

1. Define free enterprise, private property, product market, and resource market.
2. What separates the U.S. economy from the pure market model? What features does the U.S. economy share with the pure market model?
3. How does the product market differ from the resource market in the circular flow model? Describe an exchange you have made recently, and identify its place in the circular flow model.
4. What types of exchanges are shown in the circular flow model?

⚙️ Resources

• Lesson 7 Instructional Notes
• Lesson 7, Part 1: Features of the U.S. Economy
• The Circular Flow of Goods and Services (H-4)
• Business Strategy Central

💯 Assessment Make-ups

• Make-ups for the Unit 1 Content (Part I) and/or Skills (Part II) Assessments will take place after school on T 6 May and W 7 May OR this week during non-core (i.e., electives) classes

💻 Homework

• Watch and take notes on Lesson 7, Part 2: The U.S. Economy at Work, before class tomorrow

Unit 1 Skills Assessment 💯

🎯 Learning Targets

• Assess comprehension of Economics Unit 1: The Market Economy

⏰ What We Did

• Completed the skills portion of the Unit 1 Assessment, applying the skills obtained with assignments A-1 through A-10

Unit 1 Content Assessment 💯

🎯 Learning Targets

• Assess comprehension of Economics Unit 1: The Market Economy

⏰ What We Did

• Completed the content portion of the Unit 1 Assessment, utilizing the information presented in the instructional notes of Lessons 1 through 6

Unit 1 Question & Answer 🤯

🎯 Learning Targets

• Review economic concepts from Unit 1: The Market Economy

⏰ What We Did

• Student-led question and answer on Unit 1 Content

Unit 1 Review ⏪

🎯 Learning Targets

• Review economic concepts from Unit 1: The Market Economy

⏰ What We Did

• Individually reviewed for the Unit 1 Content assessment (Part I)

Unit 1 Review Game 🚨

🎯 Learning Targets

• Review economic concepts from Unit 1: The Market Economy

⏰ What We Did

• Played a review game from Lessons 1 through 6 to prepare for tomorrow's Unit 1 Content Assessment

Professional Development Day 🟢

Clintondale High School is closed today for students, while teachers are engaging in professional development. Classes will resume at 7:35 A.M. on Monday, April 28, 2025.
 

Lesson 6 Lesson Review 6️⃣

🎯 Learning Targets

• Review the key concepts covered in Lesson 6 of Economics

⏰ What We Did

• Began working on Lesson 6 Lesson Review (Due M 28 April 2025)

⚙️ Resources

• Lesson 6 Lesson Review (LR-6)

Assignment Passback and Review ❗️

⏰ What We Did

• Returned and discussed the answers to last week's "Computing Taxes" and "Working With Circle Graphs" in preparation for next week's Unit 1 Assessment

⚙️ Resources

• 2024 Instruction 1040 Tax Tables

Government and the Public 🗳

🎯 Learning Targets

• Explain how the government determines the public interest
• Identify the consequences that may result from government promotion of the public interest
• Describe how individuals and interest groups can affect government policies

⏰ What We Did

• Used the instructional notes from Lesson 6, Part 4: Government and the Public, to answer the following questions in complete sentences:

1. Define interest group and lobbyist.
2. What factors must the government weigh in trying to determine the public interest? Why might the public interest be difficult for the government to identify?
3. How can government regulation affect prices, services, profits, and productivity?
4. Describe how individuals and interest groups can influence government policy.

2025-2026 Scheduling and Xello ℹ️

Juniors were called down to schedule classes for next year and complete Xello career readiness.

Good Friday — No School ✝️

Clintondale High School is closed for Good Friday. Classes will resume on Monday, April 21, 2025, at 7:35 A.M.

MME Testing — M-STEP 💯

The M-STEP portion of the MME was administered during today's class

Economic Goals 🥅

🎯 Learning Targets

• Explain why the government regulates business
• Describe how the government works to provide public goods
• Explain how the government promotes individuals' well-being
• Describe how the government works to stabilize the economy

⏰ What We Did

• Continue playing Business Strategy, with "the government" (i.e., Mr. Carpenter) ensuring economic goals within the market ecosystem of Room 204

⚙️ Resources

• Business Strategy Central

💻 Homework

• Watch and take notes on Lesson 6, Part 4: Government and the Public, before class on Monday

Growth of Government 📊

🎯 Learning Targets

• Describe the factors that influence the growth of government
• Explain why government expenditures have increased over time
• Identify how federal, state, and local governments spend their money

⏰ What We Did

• Focusing on the increase in federal spending due to government growth discussed in Lesson 6, Part 2, examined a pie chart of federal expenditures for a given year

⚙️ Resources

• Working With Circle Graphs (A-10)

💻 Homework

• Watch and take notes on Lesson 6, Part 3: Economic Goals, before class tomorrow

Defining Fiscal Policy 💰

🎯 Learning Targets

• Explain the roles that taxes play in fiscal policy
• Describe the kinds of tax rates that governments set
• Identify the most profitable taxes

⏰ What We Did

• Watched and took instructional notes on Lesson 6, Part 1: Defining Fiscal Policy
  
• Calculated taxes when provided tax rates in given scenarios

⚙️ Resources

• Lesson 6 Instructional Notes
• Lesson 6, Part 1: Defining Fiscal Policy
• Computing Taxes (A-9)

💻 Homework

• Watch and take notes on Lesson 6, Part 2: Growth of Government, before class tomorrow

Business Strategy 💸

🎯 Learning Targets

• Engage in planned inquiries to describe and demonstrate how the economic forces of scarcity and opportunity costs impact individual and household choices

⏰ What We Did

• Continued playing "Business Strategy"

⚙️ Resources

• Business Strategy Central