Business EconomicsMiss Anderson

Class SyllabusEmail

Website 118

OBJECTIVES

Business Economics is a course designed to help students understand economic principles as applied to current events and issues. Emphasis includes allocation of resources, economic systems, economic institutions and incentives, markets and prices, supply and demand, market structures, productivity, role of government, global economic concepts, and economic indicators. Junior Achievement volunteers and activities will be incorporated into this course. This course meets LPS Economics graduation credit requirement.

Objective 1:

Students will assess opportunity costs and trade-offs involved in making choices about how to use scarce economic resources. (9-12 DAYS)

Economics Today and Tomorrow

  • Chapter 1 – wants/needs, scarcity vs. shortage
  • Chapter 2 – Pages 34-44
  • Chapter 7; 174-175 (Marginalism)

Objective 2:

Students will explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the major features of the U.S. economic system. (9-12 DAYS)

Economics Today and Tomorrow

  • Chapter 2, also page 448
  • Chapter 18

Objective 3:

Students will analyze the role of core economic institutions and incentives in the U.S. economy. (7-10 DAYS)

Economics Today and Tomorrow

  • Chapter 2, Sections 1-4
  • Chapter 12, Section 2

Objective 4:

Students will analyze the role of markets and prices in the U.S. economy. (16-19 DAYS)

Economics Today and Tomorrow

  • Chapter 7, Sections 1-4
  • Chapter 2, Sections 1-3

Objective 5:

Students will explain the importance of productivity and analyze how specialization, investment in physical and human capital, and technological change affect productivity and global trade. (7-9 DAYS)

Economics Today and Tomorrow

  • Chapter 18 trading with other nations
  • Chapter 20 The Global Economy
  • Chapter 19 Economic Growth in Developing Nations—supplemental

Objective 6:

Students will analyze the role of government in economic systems, especially the role of government in the U.S. economy. (15-19 DAYS)

Economics Today and Tomorrow

  • Chapter 14 Money and Banking
  • Chapter 15 The Federal Reserve System and Monetary Policy
  • Chapter 16 Government spends, collects, and owes
  • Chapter 17 Stabilizing the National Economy

Objective 7:

Students will analyze how the U.S. economy functions as a whole as measured by economic indicators.

(7-9 DAYS)

Economics Today and Tomorrow

  • Chapter 12 The American Labor Force
  • Chapter 13 Measuring the Economy’s Performance

CLASSROOM BEHAVIOR

  1. BE PREPARED. Be sure to bring your assignment, writing utensil, textbook, notebook, and any other materials you need for class. All students are to be in the classroom on time. You WILL NOT be allowed to return to your locker for materials.
  2. NO FOOD OR DRINKS SHOULD BE BROUGHT INTO THE ROOM.
  3. USE YOUR PASSING TIME WISELY. Restroom trips will be kept to a minimum. Please have your planner for an opportunity to go.
  4. THE CLASS NEEDS TO BE CLEAR OF NOISE WHEN THE TEACHER, GUEST, OR STUDENTS ARE SPEAKING TO THE CLASS.
  5. TREAT EACH OTHER WITH RESPECT! Each of us is an individual who has his/her own strengths, abilities, goals, rights, and successes. Each of us therefore deserves to be treated with respect for that individuality. Improper language, rude comments or actions will not be tolerated. It also follows that each student demonstrates respect for the property of others and the school.
  6. STUDENTS ARE EXPECTED TO BE IN CLASS ON TIME. Students should be in their seats AT the bell, NOT after the bell.
  7. STUDENTS ARE EXPECTED TO remain alert, listen quietly when others are speaking, work quietly when work time is given in class and to be an active participant when class activities call for it.
  8. END OF THE PERIOD. You will be given a few minutes at the end of the period to put things away. Do not quit working until the teacher tells you. You will be dismissed by the teacher, NOT THE BELL. If we have a speaker, please be courteous and pay attention.
  9. STUDENTS ARE REQUIRED TO WEAR AND HAVE THEIR IDs VISABLE AT ALL TIMES.
  10. CELL PHONES SHOULD BE TURNED OFF AND SHOULD NOT BE OUT AT ANY TIME DURING THE CLASS PERIOD WITHOUT TEACHER PERMISSION.

MAKE-UP WORK

If you miss class YOU ARE RESPONSIBLE for the assignment. I will not come to you necessarily. You will have double time to turn in missing assignments (miss 1 day, you have 2 days for completion). Please ask another student for any notes that were taken. Schedule and some worksheets can be found online at my website. Limited or no credit will be given for late work. Please check the website for possible makeup work or scheduled activities.

LATE WORK

Late work will not be accepted after the assignment has been returned to other students, and will receive a reduction in credit in most cases.

ATTENDANCE

STUDENTS ARE EXPECTED TO ATTEND REGULARLY AND ON TIME. Good attendance increases your success in class. Unexcused absences will result in actions outlined in the East High Attendance Policy. Limited or no credit will be given for work missed because of an Unexcused Absence, but work must be completed.

Consequences Tardy:

  • Unexcused First Tardy = Teacher conference with student
  • Unexcused Second Tardy = Contact parent
  • Unexcused Third Policy = Refer to attendance liaison

Consequences Truancies:

  • 1st Truancy = Referral to attendance liaison & communication home
  • 2nd Truancy = Referral to attendance liaison
  • 3rd Truancy = Referral to attendance liaison/administrator

ATTENDANCE

STUDENTS WITH FIFTEEN OR MORE ABSENCES OF ANY KIND WILL NEED TO COMPLETE A RESEARCH PROJECT ASSIGNED BY THE TEACHER IN ORDER FOR THE STUDENT TO RECEIVE FULL CREDIT FOR THE CLASS. FAILURE TO COMPLETE THE PROJECT WILL RESULT IN THE STUDENT EARNING HALF CREDIT, WHICH WILL CAUSE THEM TO FALL SHORT OF GRADUATION REQUIREMENTS.

GRADING POLICIES

Your formative assessment grades will be based on daily assignments (both in and outside of class), and your summative assessment grades are based on tests, projects and papers. Class cooperation, attitude, and participation will be considered in your final grade as well. The following is the weighted system:

Formative Assessment Assignments ...... 20%

Summative Assessment Exams & Projects...80%

Summative Assignment...... 64%

Summative Final...... 16%

The Summative Final is worth 16% of your grade and is a 90-Question Multiple-Choice Comprehensive Exam.

GRADING SCALE

A...... 90-100

B+...... 85-89

B...... 80-84

C+...... 75-79

C...... 70-74

D+...... 65-69

D...... 60-64

F...... 59 and below