QUESTION OF THE WEEK

It's the first Economics 2009 Question of the Week!

Name a song that you think deals with issues of economics and pull out a couple of lyrics from the song that think best represent the idea. You can even link to a youtube video of the song (as long as it is relatively appropriate for your teacher's eyes and ears)

Here's my song...youtube video to come!
MONEY by PINK FLOYD

Money, get away.
Get a good job with good pay and youre okay.
Money, its a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think Ill buy me a football team.

Money, get back.
Im all right jack keep your hands off of my stack.
Money, its a hit.
Dont give me that do goody good bullshit.
Im in the high-fidelity first class traveling set
And I think I need a lear jet.

Money, its a crime.
Share it fairly but dont take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise its no surprise that theyre
Giving none away.

Huhuh! I was in the right!
Yes, absolutely in the right!
I certainly was in the right!
You was definitely in the right. that geezer was cruising for a
Bruising!
Yeah!
Why does anyone do anything?
I dont know, I was really drunk at the time!
I was just telling him, he couldnt get into number 2. he was asking
Why he wasnt coming up on freely, after I was yelling and
Screaming and telling him why he wasnt coming up on freely.
It came as a heavy blow, but we sorted the matter out

HOMEWORK SHEET FOR UNITS 1 & 2

Economics – Ms. Rosenberg
Spring 2009

UNIT ONE: FOUNDATIONS OF ECONOMICS

1. MAKING CHOICES – DUE WEDNESDAY, FEBRUARY 25th

Read and review pages 3-12 (this is a review of what we studied the first two weeks of class.

Make sure you understand: the meaning of economic scarcity and why scarcity necessitates making economic choices, economic trade-off and opportunity cost. You are responsible for this material on the next quiz/test)

Read pages 18-24 and ANSWER THE FOLLOWING:
-Define: traditional economy, market economy, command economy
-Explain with examples the three basic economic questions of what, how and who.


2. COMMUNISM – DUE THURSDAY, FEBRUARY 26th
-Read pages 25-31
-How are economic and political decisions combined in a command economy?
-Why is a command economy inefficient? Be specific.


3. THE FREE ENTERPRISE SYSTEM – DUE FRIDAY, FEBRUARY 27th
-Read pages 35-48
-Define: free enterprise
-Who answers the basic economic decisions in a free market economy?
-Why is individual decision making important in a free enterprise economy?
-How is the United States a mixed market economy? Be clear about what that means.


TEST #1 is on Tuesday, MARCH 3rd!



UNIT TWO: SUPPLY & DEMAND

#1 Read pp. 52-58
Define and explain:
(a) The law of demand (b)elasticity of demand (c) the law of supply (d) elasticity of supply and (e) market price.
DUE MONDAY, MARCH 2


#2 Read pp. 58-65
Complete #1-8 on page 68. You can use the graphs and tables in the book and from your notes as a guide.
DUE WEDNESDAY, MARCH 4


#3 Answer questions from “Going to Market!” in class activity. If you were absent it is your responsibility to meet with me or get notes from a reliable classmate to go over what you missed.
DUE THURSDAY, MARCH 5

#4 Cut out 5 print advertisements from newspapers and magazines that appeal to different groups of people as discussed in class.

Record the following for each advertisement:
What is the ad trying to sell?
Is the product a basic need or luxury?
What strategies are used to get people to buy more?
Who might be the target groups of this ad? Why?
DUE FRIDAY, MARCH 6

#5 Watch 5 TV ads and record the following
What is the ad trying to sell?
Is the product a basic need or luxury?
What strategies are used to get people to buy more?
Who might be the target groups of this ad? Why?
DUE MONDAY, MARCH 9

Welcome to Economics Class

Hi everyone,

Welcome to the Economics 2009 BLOG.

More posts to follow...

Ms. Rosenberg