Lesson 8 Lesson Review 8️⃣

🎯 Learning Targets

• Review the key concepts covered in Lesson 8 of Economics

⏰ What We Did

• Collected Lesson 7 Lesson Review
• Took a quiz on Lesson 8, Part 3: Monetary Policy Strategies
• Began working on Lesson 8 Lesson Review (Due F 23 May 2025)

⚙️ Resources

• Lesson 8 Lesson Review (LR-8)

Monetary Policy Strategies 💸

🎯 Learning Targets

• Explain why the Fed relies on either an easy-money policy or a tight-money policy
• Examine how the Fed makes monetary policy
• Identify the challenges associated with determining monetary policy

⏰ What We Did

• Experimented with the Fed's use of reserve requirements to implement easy- or tight-money policies through potential deposit expansion

⚙️ Resources

• Calculating the Creation of Money (A-13)

The Federal Reserve at Work 💵

Late Start Day 🕣

🎯 Learning Targets

• Identify services the Fed provides to banks
• Describe ways the Fed serves the federal government
• Explain how economists measure the U.S. money supply

⏰ What We Did

• Using the various functions of the Fed's implementation of monetary policy, solved word problems involving percentages

⚙️ Resources

• Solving Word Problems Involving Percentages (A-12)

💻 Homework

• Watch and take notes on Lesson 8, Part 2: The Federal Reserve at Work, before class tomorrow

The Federal Reserve System 🏛

🎯 Learning Targets

• Describe how the Panic of 1907 affected U.S. banking
• Explain the purposes and characteristics of the Federal Reserve system
• Show the organization of the Fed

⏰ What We Did

• Collected binders for the third Binder Check of the semester
• Watched and took instructional notes on Lesson 8, Part 1: The Federal Reserve System
• Continued playing "Business Strategy," drawing connections of the Fed's role to aspects of the game

⚙️ Resources

• Lesson 8 Instructional Notes
• Lesson 8, Part 1: The Federal Reserve System
• Business Strategy Central

💻 Homework

• Watch and take notes on Lesson 8, Part 2: The Federal Reserve at Work, before class tomorrow

Lesson 7 Lesson Review 7️⃣

🎯 Learning Targets

• Review the key concepts covered in Lesson 7 of Economics

⏰ What We Did

• Took a quiz on Lesson 7, Part 1: Features of the U.S. Economy
• Began working on Lesson 7 Lesson Review (Due T 13 May 2025)

⚙️ Resources

• Lesson 7 Lesson Review (LR-7)

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

MME Testing — ACT WorkKeys 💯

The ACT WorkKeys portion of the MME was administered during today's class

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

MME Testing — SAT 💯

The SAT portion of the MME was administered during today's class

Binder Check #2 📚

⏰ What We Did

• Returned and discussed the answers to last week's "Understanding Market Equilibrium"
• Conducted the Q3 Economics binder check

Lesson 5 Lesson Review 5️⃣

🎯 Learning Targets

• Review the key concepts covered in Lesson 5 of Economics

⏰ What We Did

• Took a quiz on Lesson 5, Part 1: The Price System
• Began working on Lesson 5 Lesson Review (Due M 7 April 2025)

⚙️ Resources

• Lesson 5 Lesson Review (LR-4)

Managing Prices 💵

🎯 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

⚙️ Resources

• Business Strategy Central

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

⚙️ Resources

• Understanding Market Equilibrium (A-8)

💻 Homework

• Watch and take notes on Lesson 5, Part 3: Managing Prices, before class tomorrow

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"

⚙️ Resources

• Lesson 5 Instructional Notes
• Lesson 5, Part 1: The Price System
• Business Strategy Central

💻 Homework

• Watch and take notes on Lesson 5, Part 2: Determining Prices, before class tomorrow

"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"

⚙️ Resources

• Economics Binder Portal (M 7 Apr 2025)

Spring Break — No School 🏖

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!

Spring Break Countdown ⏲

⏰ What We Did

• Due to low student census, played general trivia Kahoot!

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

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

⚙️ Resources

• Lesson 4 Lesson Review (LR-4)

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

Making Production Decisions 📈

Today is St. Patrick's Day 🍀

🎯 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

⚙️ Resources

• Setting Prices (A-7)

Changes in Supply 📈

🎯 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 — and then shift — supply curves

⚙️ Resources

• The Determinants of Supply (H-3)
• Plotting Supply Curves (A-6)

💻 Homework

• Watch and take notes on Lesson 4, Part 3: Making Production Decisions, before class on Monday

Changes in Supply Notes 📈

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

Nature of Supply 📈

Late Start Day 🕣

🎯 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"

⚙️ Resources

• Lesson 4 Instructional Notes
• Lesson 4, Part 1: Nature of Supply
• Business Strategy Central

💻 Homework

• Watch and take notes on Lesson 4, Part 2: Changes in Supply, before class tomorrow

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

⚙️ Resources

• Lesson 3 Lesson Review (LR-3)

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

• Passed back and went over "Plotting Demand Curves" from last Thursday
• Continued playing "Business Strategy"

⚙️ Resources

• Business Strategy Central

Elasticity of Demand 📉

🎯 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

⚙️ Resources

• Exploring Revenue and Demand Elasticity (A-5)

Changes in Demand 📉

🎯 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 — and then shift — demand curves

⚙️ Resources

• The Determinants of Demand (H-2)
• Plotting Demand Curves (A-4)

💻 Homework

• Watch and take notes on Lesson 3, Part 3: Elasticity of Demand, before class tomorrow

Nature of Demand 📉

🎯 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

⚙️ Resources

• Lesson 3 Instructional Notes
• Lesson 3, Part 1: Nature of Demand

💻 Homework

• Watch and take notes on Lesson 3, Part 2: Changes in Demand, before class tomorrow

Business Strategy: Loans Payable, Capital Improvements 💸

🎯 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)

⚙️ Resources

• Business Strategy Central