TODAY: Roses and Thorns, Business Cycle Quiz, Sample Class Voicethreads, Hayek Vs. Keynes Round 2, If Time "Deck The Halls With Macro Follies"

Fight of the Century: Keynes vs. Hayek Round Two

Same Beliefs, New mustaches.

 Deck the Halls with Macro Follies

Today: Roses and Thorns, Organize completion of VoiceThread Projects, Check Homework, ADVANCED LESSON 23; THE BUSINESS CYCLE study guide Q&A.


MAKE A PLAN TO ACCOMPLISH THE FOLLOWING BY NEXT CLASS PERIOD. Use the following list to coordinate your efforts in order that your voicethreads are ready to play on Friday.

Also write a list of question you have for Mr. Lamson that will enable you to complete this project.


1. Tech leads send all group members a link to your group voicethread.
2. Tech lead copies link to voicethread into Doc on December 9th blog post.
3. Make sure publishing options are set to allow anyone to view and comment, Moderate comments off.

4. Group members send images to tech lead. The tech lead then uploads images into the voicethread.
5. All members can now narrate their own slides.



Each table group will be assigned one study guide question 2-5. You are to put your heads, and answers, together and in 5 minutes be ready to present to the class. Mr Lamson will pass back tests and other old assessments during this time. Think about where the topic of your question is addressed in the song.

Play boom and bust video below now. Spend 5 minutes getting ready to report out to the class after watching the video.

Show Video


Ask students to Report out and discuss central topics.

Capital Structure Presentation if time. Focus on capital structure and how it changes with increased savings.

How does the topic of the video below

<

REMINDER ALL TO COMPLETE VOICETHREADS BEFORE FRIDAY!

TODAY: Broken Windows in the two business cycle theories, VoiceThread Intro and research information, To the Computer Lab for research and development.

1.Sit together as a research group.
2. Everyone get a Voicethread Account
3. Tech lead create a Voicethread and email the link to all others in your group.
4. Everyone research topic(s) and send the images you are going to use to your tech lead.
5. Continue to research. Look to the context of your lines and work with other group members to construct meaning.
6. Keep in mind the order in which your images will appear. You will need to work together as a group to finalize the order. (This will probably be done on Monday)


 SEEDS OF DESTRUCTION, INFLATION, INCENTIVES PERVERSE, bailouts, payoffs,pols, machinations

TODAY: Roses and Thorns, Quick Write, Chapter 11 presentation, Assign those absent Monday to groups, VoiceThread Tutorials, Sample VoiceThread, research time
Quick Write: In what ways are investments by businesses and spending by government similar? how are they different?
One Minute Tutorial

Intro: Keynes and Hayek


Use THIS LINK if the above embedded widget does not work PLEASE USE THE RUBRIC FROM THE PREVIOUS POST TO "Grade" this video. Use a mobile device from someone in your group to make a comment that is an assessments of this voicethread based on the rubric. Include all your names, use first names and last initials.

TODAY: Roses and Thorns, Get into groups, Intro to presentations (Due Monday, 12/16), Homework and research.


 HOMEWORK: Follow the directions for the two "Objectives" on pages 315, 329, 337 of Contemporary Economics. (Due next class)

HOMEWORK: Complete directions for "KEYNESIAN AND AUSTRIAN THEORIES OF THE BUSINESS CYCLE" Due (3rd Per. Thurs. 12/12)(5th, 7th, & 8th Per. 12/13)

HOMEWORK: Answer study questions for "ADVANCED LESSON 23 The Business Cycle" (Due Monday, 12/16)

 Visual Presentation: Your group is assigned 2 or 3 verses of "Fear the Boom and Bust". It is your job to create a visual presentation that provides an explanation of the concepts in your assigned verses.(Mr. La Greide will cover lines 3 - 8, providing important background on Hayek and Keynes and example presentation).

Requirements:    
     1. You will use VoiceThread to create your presentation presentation.
     2. Must be Between 4 and 6 minutes in length.
     3. Each person in the group must provide at least 2 relevant visuals. (  Mr. La Greide will provide video        clip of your verses)
     4. You will post a link to your VoiceThread in the appropriate spot on the BOOM BUST ANALYSIS              DOC  for your class period. (SEE BELOW)
     5. I will be using the following RUBRIC to score your presentation.


Period 3 BOOM BUST ANALYSIS  DOC
Period 5 BOOM BUST ANALYSIS  DOC
Period 7 BOOM BUST ANALYSIS  DOC
Period 8 BOOM BUST ANALYSIS  DOC

TODAY: Roses and Thorns, Money, Banking, and Interest Test, "Fear the Boom and Bust" preview.


There will be test before Christmas on "The Business Cycle". You be required to answer 3 analytic question interpreting portions of the above video. You can find a link to a web site HERE that has the lyrics and links with explanation of most of the important concepts.

TODAY:Roses and Thorns, Quick Write, Mechanics of Inflation

Quick Write: What would you do if you had a crystal ball and could tell there was going to be 100% inflation annually  during the next 12 months?

TODAY:Roses and Thorns, Not so Quick Write, The Mirage of Inflation 


#2 Does having more money mean you are wealthier?

REMEMBER: In this lies almost the whole difference between good economics and bad. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the  effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups. -Henry Hazlitt

Not so Quick Write: Describe how inflation is an example of the broken window fallacy. 

Include the following
1. Why do people believe in this fallacy (The Mirage of Inflation )?
2. What are some of the longer and indirect consequences?
3. Who are the potential "Forgotten Men"?

TODAY:Roses and Thorns,Quick Discussion,  "Fractional Reserve Banking, and the Fed

Quick Discussion: What causes inflation? Talk in your table groups, share ideas and supplement your homework. Be ready to share out.

WILL YOU TAKE THE BLUE PILL OR THE RED? 

IT'S YOUR CHOICE...

Homework due Monday, December 2nd: Study guide questions for "The Mirage of Inflation"

TODAY:Quick Write , Roses and Thorns, Money, Banking, and the Fed

Discuss the below meme for a minute or two at your table group then...

Quick Write: What is the author of the  meme below trying to tell us? Use the word "Barter" in your answer. (A couple sentences ought to do it for this one.)

HOMEWORK: (Due Next CLass Period) Research "Causes of Inflation" online. In your notebook summarize 2 theories that attempt to explain what causes inflation.

TEST TODAY: MARKET INSTITUTIONS

Turn in reflection

HOMEWORK: DUE NEXT CLASS

Ch. 16.1 Write a paragraph that shows you understand each of the objectives on page 481. (3 paragraphs)
Ch. 16.2 Write a paragraph that shows you understand the first and third  objectives on page 488. (2 paragraphs) Also include a description of the fractional reserve banking system.
Ch. 17 Answer the "Consider" questions 1, 4 and 5 on page 510

TODAY:Quick Write (Period 3 Only), Roses and Thorns, Banking & Interest , Payday Loan Seminar.

Quick Write: Why does anyone work for a wage rather than starting their own business or becoming a partner?

PAYDAY LOANS SEMINAR QUESTIONS.

OPENER: Should fees/interest rates on Payday loans be limited by law?

            

        Should payday loans be outlawed?

Should interest rates on loans in general be limited?

       What would be the unintended consequences of the above            actions?

TEST on Market Institutions: Monday, November 18th

TODAY:Quick Write, Roses and Thorns, Labor Unions - Banking & Interest - etc., Homework

Quick Write: Why does anyone work for a wage rather than starting their own business or becoming a partner?


Homework: Due Next Class.
Study and complete "T" Chart for "Payday Loan Debate" . Be ready for seminar.

TEST on Market Institutions: Monday, November 18th

Read the selection 2nd Selection from "Into Thin Air" from the  "Literary Book of Economics" . It is the one about the Sherpas. Fill out the "Pro / Con part of the handout.

    

5 Once students are finished with the reading and filling out the handout arrange them in groups of 8 to 10 and introduce (actually repeat the seminar question. Remind them that to feel free to discuss other questions they think of but to keep referring to the text. Monitor students as they discuss the question. When they seem to be "Done" have them fill out the reflections on the back of the handout. When done debrief as a class.

TODAY: Roses and Thorns, Seminar "Into Thin Air", 


Homework: Due Tuesday, 11/12 for 3rd Period--- Wednesday 11/13 5th, 7th, and 8th Periods

Ch.10 Sec 1 of Text: For each of the "Objectives" on page 283 write a paragraph that shows that you understand these objectives. You must use the Key Terms on the same page in your paragraphs. 

TODAY: Roses and Thorns, Teacher Text Found, Quick write, Continue Labor Markets


Should employers be able to require a job applicant to "Friend" the interviewer to their Facebook account in order to be considered for a job?






What role do you think discrimination plays in wage determination? Use examples if possible.

TODAY: Roses and Thorns,, Jeffery Tucker, (3rd Period)Teacher Text, Quick write,Continue, Labor Markets



Should a MAXIMUM wage be established? Explain your answer.

TODAY: Roses and Thorns,  Teacher Text, Continue Market Institutions, Quick write, Start Ch. 9 Labor Markets

Quick Write: Should the United States get rid of the Limited Liability Company legal status? Why?

TODAY: Roses and Thorns, Quick write, Continue Begin Market Institutions.

 Quick Write: How would corporate (and investor) decision making change if there was no "Limited liability?"

 Homework: Due next class period. Define and give an example of all the "Key Terms in chapter 9, pages 251,262, and 269. Answer questions 28, 29, 30, and 31 on pages 280 and 281.

TODAY:  Roses and Thorns, Quick write, iPencil, Begin Market Institutions.

Quick Write: What comes first, Supply or demand? Explain your answer.

TODAY:  Roses and Thorns, Vocab Poster Presentation, Test, Homework.


Homework: Due at the start of next class period.
     1. Define terms on page 247 Chapter 8 of Contemporary Economics.
     2. iPencil: Watch the video below. a. Summarize the importance of this video. Why does the author say "This is the key to understanding the world.""

TODAY:  Roses and Thorns, Test Prep

(Per 8 Seminar: Minimum Wage Laws)

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

VOCABULARY POSTER.

1. Decide who will fill the following roles in completing this project.

        a. Artist (Symbols)

        b. Lead Researcher (look to glossary, NB and other resources)

        c. Recorder (Writes on poster)

        d. Presenter (Presents and explains poster to class.)

2. Divide all the vocabulary for "Unit 2: The Market Economy" into 5 Categories.

       a. Each category must have a title.

       b. Each word can only be in one category.

       c. Each category must have a representative symbol.

3. You must make connections between three pairs of words that are from different categories. 

Draw a line from one word to another and write a brief description of the connection on the line

TODAY:  Roses and Thorns, Seating Chart, Quick Write, Seminar: Minimum Wage Laws, Quick Write 2: Cartoon Analysis. 
(Period 8: Finish Price Manipulation)

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

Quick Write: Should the minimum wage be raised, kept the same, or abolished?


Quick Write 2a: Write a caption for this cartoon.

Quick write 2b: Describe what the author is trying to say about the minimum wage in this cartoon. Do you agree?

Make-up Seminars, Portland Entrepreneur, and Jeff's Story & homework

Portland Entrepreneur Jeff's Story
Homework - Write a comment to this post responding to "Jeff" about his story. This comment should reflect what you have learned about the minimum wage. Due Friday, October 18th.

TODAY:  Roses and Thorns, Quick Write, Trade Game, "Market Exchange and Price Manipulation"

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

Quick Write: Briefly describe some ways that wealth can be created.

Homework: Read "Minimum Wage Laws", answer questions, and be ready for a seminar. 

(Due) 3rd Per, Thursday 10/17 

(Due) 5th, 7th, and 8th Friday 10/18

TODAY:  Roses and Thorns, Quick Write, Check Ch. 6 Homework, Finish "Supply", Begin Market Forces

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

Quick Write:

Turn to page 163 in "Contemporary Economics". Summarize (in a couple sentences) the sections on "Adam Smith's Invisible Hand" and "Market Exchange Is Voluntary". Add these to your vocab list.

TODAY:  Roses and Thorns,  Quick Write, Last Qiuz"Supply" Continued.

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

Quick Write:

Brainstorm a list of things that you think determine the price of a good or service.

Homework:  Chapter 6 (Due Wednesday,10/9 for 3rd period /     Thursday, 10/10 for 5th, 7th, and 8th) 

Define and describe an example of the following terms:                 Market Equilibrium, Surplus, Shortage, Transaction Cost,Disequilibrium, Price Floor, Price Ceiling, Consumer Surplus,Adam Smith's "Invisible Hand", Market Exchange           

Page 165: Complete all 6 questions

Page 182: Complete all 7 questions

TODAY:  Roses and Thorns, Pop Quiz. 

Quick Write, Serialized Questioning, The Last Word, Reflection, Grade Print-outs, More "Supply" if time

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

TODAY:  Roses and Thorns, Quick Activity,Change in Demand, Begin Supply, Homework.

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

•Turn to page 127 in the book and open your notebook to your chapter 4 homework. Work as a group to insure everyone at your table accurately completed #35. .

•In your group discuss what might make a good or service more inelastic. Examples Please. Be ready to share out.

Read "The Second Treatise of Government"

1. Highlight and take notes on the document focusing on the     question "What does it mean to own property?"

2. Be ready for seminar at the beginning of next class.

Mr. LaGreide & Mr. Lamson, Welcome!

TODAY:  Roses and Thorns, Quick Write,Revisit "Compute Elasticity of Demand", ?Demand Group Work? Homework.

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

How would elasticity of demand apply in the market for cigarettes or any other addictive good? Explain.

HOMEWORK Ch 5 1.Define and give an example of the Key Terms on pages 129, 138, and 145. 2.On pages 158 and 159 complete #29, #30, and #31

Mr. LaGreide & Mr. Lamson, Welcome!

TODAY:  Quick Write, Check Homework, Hand Back Quiz, DEMAND presentation

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write: Turn to page 13 in "Contemporary Economics". Read the section "Normative Versus Positive Statements"

1. Summarize this comparison in one or two sentences.

2. Answer the following question:

    Is the broken window fallacy normative or positive in nature?     Explain.

Mr. LaGreide & Mr. Lamson, Welcome!

TODAY:  Quick Write, Check Homework, Intro to seminar reflection, Socratic Seminar, Homework "Demand"

Intro To "Broken Window"

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write: 

      -Does war always mean the destruction of Wealth

Homework: Due at beginning of period

           Per. 3 Due Thurs. 9/26

           Pers. 5th, 7th, and 8th  Due Fri 9/27

Read Chapter 4 "Demand"

1. Define and give an example of the vocabulary words for        all three sections (Pages 99, 107, and 116)

2.Complete the directions for the "Applying Economic              Principles" items 34, 35, and 36 on page 127.

Mr. LaGreide & Mr. Lamson, Welcome!

TODAY:  Quick Write, Check Homework, Intro to seminar reflection, Socratic Seminar, Homework "Demand"

Intro To "Broken Window"

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write: 

      -Does war always mean the destruction of Wealth

Homework: Due at beginning of period

           Per. 3 Due Thurs. 9/26

           Pers. 5th, 7th, and 8th  Due Fri 9/27

Read Chapter 4 "Demand"

1. Define and give an example of the key terms for        all three sections (Pages 99, 107, and 116)

2.Complete the directions for the "Applying Economic              Principles" items 34, 35, and 36 on page 127.

Mr. LaGreide & Mr. Lamson, Welcome!

TODAY:  Quick Write, Check Homework, Debrief "Lesson One", Serialized Questioning

Intro To "Broken Window"

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write:

Do you agree or disagree with Hazlitt's ideas about about what makes a good economist? Explain. Use a specific example of a mistake a bad economist might make.

Homework Due at the beginning of the next class period.
 Read Ch. 2 and 3 of Economics In One Lesson and answer study questions and highlight what you find interesting. Be ready to contribute to small group discussion about "The Blessings of Destruction"and be able to sight evidence in the text.

TODAY: Present Posters, Quick Write, 1st open-note assessment, Economics In One Lesson Chapter One

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write

Answer the following questions after watching this short video.

Which economic system is this video advocating?

What are the main arguments?

Write a personal response.

When you are done with your quiz..... finish the below as  homework if needed. Due Monday, Sept 22nd.

Write the answers the the "Economics in One Lesson" study guide in your notebook.

Highlight words that you do not know and write the definitions in your notebook.

TODAY:  Quick Write, 1st open-note assessment, Economics In One Lesson Chapter One

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write

Answer the following questions after watching this short video.

Which economic system is this video advocating?

What are the main arguments?

Write a personal response.

When you are done with your quiz..... finish as homework if needed. Due Monday, Sept 22nd.
Write the answers the the "Economics in One Lesson" study guide in your notebook.
Highlight words that you do not know and write the definitions in your notebook.

TODAY:  Quick Write, Economic Systems mini project / poster

and presentation, 

UNIT ONE assessment Friday - Study your vocabulary
DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write

Technological innovation comes with unintended consequences.  Some people and some businesses win and some lose.  Write down three unintended consequences of the internet.

TODAY:  Quick Write, Begin Economic Systems mini project

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook, 

Quick Write

Technological innovation can come - some would say always comes - with unintended consequences.  Some people and some businesses win and some lose.  Write down three unintended consequences of the internet.