Economics Update

What have we been up to?

Unit 1

We covered the following topics:

Basic economic concepts like need, want, micro and macro economics

Economic Systems

Free Enterprise System

Projects

Below are the links to our projects. For this task, they had to choose 5 concepts they lacked understanding from the test and then five other terms from unit 1 to apply to their lives. They did a great job showing the connection they have to the world of economics!

Unit II

We will be covering the following topics:

Demand: How does the economy work from a consumer's perspective?

Supply: How does the economy work from a producer's perspective?

Market Equilibrium: How does the economy function when you combine supply and demand?

Unit III

We will be discussing

Market Structures: Perfect Competition, Monopolistic Competition, Oligopoly & Monopoly.

Business Organizations: Sole Proprietorships, Partnerships, Corporations and Non-Profits.

Labor and Employment: Macroeconomic indicators

Formative Assessments

Google Forms Bell Ringers

Schoology Checks for Understanding

Kahoot

Bubbabrain

EdPuzzles

Unit IV

We will be discussing

Money and Loans

The Stock Market

Unemployment and Contributing Factors

We learned about loans and interest with this activity!

We researched cars we could afford now as well as our dream car. We then looked at interest, payments and how to calculate the amount we are paying back.

http://www.calculator.net/loan-calculator.html


https://goo.gl/NeFZye

Labor Unions

This week we have been discussing labor unions and one of the concepts that we learned about was collective bargaining. This link is to the EdPuzzle we watched about it.

https://edpuzzle.com/assignments/56609236d95f2edf737e7287/watch