Thursday, April 3, 2025

Managing Prices πŸ’΅

🎯 Learning Targets
  • Explain why governments sometimes set prices
  • Explain what governments try to accomplish through price floors, price ceilings, and rationing
  • Explain what happens when governments manage prices
⏰ What We Did
  • Continued playing "Business Strategy," incorporating content concepts into the game
βš™οΈ Resources

Wednesday, April 2, 2025

Determining Prices 🍻

🎯 Learning Targets
  • Explain what market equilibrium is
  • Explain how the price system handles product surpluses and shortages
  • Explain how shifts in demand and supply affect market equilibrium
⏰ What We Did
  • Using Prohibition of the 1920s and 1930s as a case study, examined the impact of the 18th Amendment on the supply and demand of both alcoholic beverages and grain
βš™οΈ Resources
πŸ’» Homework

Tuesday, April 1, 2025

The Price System 🏷

🎯 Learning Targets
  • Explain the role of the price system
  • Describe the benefits of the price system
  • Describe the limitations of the price system
⏰ What We Did
  • Watched and took instructional notes on Lesson 5, Part 1: The Price System
  • Continued playing "Business Strategy"
βš™οΈ Resources
πŸ’» Homework

Monday, March 31, 2025

"Plotting Supply Curves," "Setting Prices" ❗️

🎯 Learning Targets
  • Explain why producers look at productivity when making supply decisions
  • Describe how varying levels of input affects the levels of output
  • Explain how changes in production costs affect producers’ supply decisions
⏰ What We Did
  • Collect Lesson 4 Lesson Review, handed out W 19 March 2025
  • Distributed and discussed the checklist for the second Economics Binder Check
  • Returned and discussed the answers to last week's "Plotting Supply Curves" and Monday's "Setting Prices"
βš™οΈ Resources

Monday, March 24, 2025

Spring Break β€” No School πŸ–

Clintondale High School is currently on Spring Break. Classes will resume on Monday, March 31, 2025, at 7:35 A.M.

Have a fun and relaxing time away, Dragons!

Friday, March 21, 2025

Spring Break Countdown ⏲

⏰ What We Did
  • Due to low student census, played general trivia Kahoot!

Thursday, March 20, 2025

Business Strategy πŸ’Έ

🎯 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"
βš™οΈ Resources

Wednesday, March 19, 2025

Lesson 4 Lesson Review 4️⃣

🎯 Learning Targets
  • Review the key concepts covered in Lesson 4 of Economics
⏰ What We Did
  • Took a quiz on Lesson 4, Part 1: Nature of Supply
  • Began working on Lesson 4 Lesson Review
βš™οΈ Resources

Tuesday, March 18, 2025

Business Strategy πŸ’Έ

🎯 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"
βš™οΈ Resources

Monday, March 17, 2025

Making Production Decisions πŸ“ˆ

Today is St. Patrick's Day πŸ€
🎯 Learning Targets
  • Explain why producers look at productivity when making supply decisions
  • Describe how varying levels of input affects the levels of output
  • Explain how changes in production costs affect producers’ supply decisions
⏰ What We Did
  • Used instructional notes from Lesson 4, Part 3: Making Production Decisions, to calculate revenue, costs, and profit at various price points to determine the ideal price for a good
βš™οΈ Resources

Friday, March 14, 2025

Changes in Supply πŸ“ˆ

🎯 Learning Targets
  • Explain what it means for a product’s supply to shift
  • Identify factors that might cause a product’s supply curve to shift
  • Describe the difference between a tax and a subsidy
⏰ What We Did
  • Discussed and reviewed the determinants of supply, the non-price factors that shift supply curves
  • Used Lesson 4, Part 2 instructional notes to draw β€” and then shift β€” supply curves
βš™οΈ Resources
πŸ’» Homework

Thursday, March 13, 2025

Changes in Supply Notes πŸ“ˆ

Half-Day Due to Parent-Teacher Conferences 🐲
🎯 Learning Targets
  • Explain what it means for a product’s supply to shift
  • Identify factors that might cause a product’s supply curve to shift
  • Describe the difference between a tax and a subsidy
⏰ What We Did
  • Took instructional notes on 4, Part 2: Changes in Supply, to be ready for tomorrow's assignment

Wednesday, March 12, 2025

Nature of Supply πŸ“ˆ

Late Start Day πŸ•£
🎯 Learning Targets
  • Explain the difference between supply and quantity supplied
  • Explain what the law of supply states
  • Explain what supply schedules and supply curves illustrate
  • Describe supply elasticity
⏰ What We Did
  • Watched and took instructional notes on Lesson 4, Part 1: Nature of Supply
  • Continued playing "Business Strategy"
βš™οΈ Resources
πŸ’» Homework

Tuesday, March 11, 2025

Lesson 3 Lesson Review 3️⃣

🎯 Learning Targets
  • Review the key concepts covered in Lesson 3 of Economics
⏰ What We Did
  • Reviewed the answers to "Exploring Revenue and Demand Elasticity" from last Friday
  • Took a quiz on Lesson 3, Part 1: Nature of Demand
  • Began working on Lesson 3 Lesson Review
βš™οΈ Resources

Monday, March 10, 2025

Business Strategy πŸ’Έ

🎯 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
  • Passed back and went over "Plotting Demand Curves" from last Thursday
  • Continued playing "Business Strategy"
βš™οΈ Resources

Friday, March 7, 2025

Elasticity of Demand πŸ“‰

🎯 Learning Targets
  • Define demand elasticity
  • Describe the difference between elastic and inelastic demand
  • Explain how demand elasticity is measured
⏰ What We Did
  • Used instructional notes from Lesson 3, Part 3: Elasticity of Demand, to calculate and examine the elasticity of demand
βš™οΈ Resources

Thursday, March 6, 2025

Changes in Demand πŸ“‰

🎯 Learning Targets
  • Explain what it means for a product’s demand to shift
  • Identify and describe the factors that can shift demand for a product
  • Explain how substitute goods differ from complementary goods
⏰ What We Did
  • Discussed and reviewed the determinants of demand, the non-price factors that shift demand curves
  • Used Lesson 3, Part 2 instructional notes to draw β€” and then shift β€” demand curves
βš™οΈ Resources
πŸ’» Homework

Wednesday, March 5, 2025

Nature of Demand πŸ“‰

🎯 Learning Targets
  • Describe how demand differs from the quantity demanded
  • Explain what the law of demand states
  • Explain what demand schedules and demand curves illustrate
  • Individually and collaboratively, students will 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
  • Watched and took instructional notes on Lesson 3, Part 1: Nature of Demand
  • Continued playing "Business Strategy," incorporating concepts from today's lesson into the game
βš™οΈ Resources
πŸ’» Homework

Tuesday, March 4, 2025

Business Strategy: Loans Payable, Capital Improvements πŸ’Έ

🎯 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
  • Finished learning how to play "Business Strategy," making decisions on whether to take out a loan and making capital improvements (ordering more factories)
βš™οΈ Resources

Monday, March 3, 2025

Business Strategy: Production, FIU Sales πŸ’Έ

🎯 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 learning how to play "Business Strategy," making production decisions (turning RMUs into finished inventory units [FIUs]) and selling FIUs
βš™οΈ Resources

Friday, February 28, 2025

Business Strategy: Fixed Expenses, RMU Purchases πŸ’Έ

🎯 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 learning how to play "Business Strategy," calculating initial expenses for each company and bidding to buy raw material purchases (RMUs) for the first round ("month")