CP Economics Fall 2015
Leopard
CLASS PURPOSE:
The purpose of this social studies program is to include experiences that provide for the study of production, distribution, and consumption and to allow the learner to demonstrate an understanding of the state specified standards. The syllabus is a summary of the units required, based on those standards.
COURSE INFORMATION
Textbook: Economics: Today and Tomorrow, Glencoe-McGraw-Hill, publishers.
Class length: 1 semester, 1 unit of credit
Curriculum: follows the SC social studies standards for economics (
Assessments: tests, quizzes, homework, class work, and projects. All units and projects are individual and should not be completed with a group or partner. Identical work will be penalized. EXTRA HELP is available before /after school on most days with advance notice. Asking for a hall pass is the responsibility of the student!
CLASS INFORMATION
Course information, may be accessed at . The classroom phone is 803-810-8116.
Click on “Staff Pages”
Next click on “CP Economics”. All info is on that page including a schedule of what is planned for each day, homework assignments, test and quiz dates and often, powerpoint notes.
REQUIRED MATERIALSGRADING POLICY
Notebook, pen/pencil, basic calculator- major tests, projects60%
helpful – Internet access- daily work, quizzes, homework40%
EXAMS
A final, cumulative exam containing multiple choice and open ended questions will be given. It counts as 20% of the student’s final grade. A study guide will be givenapproximately a week in advance of the exam to each student.
HOMEWORK
Students will receive information pertaining to each Chapter for required readings, homework, and tests with dates. With the exception of an illness of length, students are expected to adhere to all due dates. Assistance with any assignments is available at the request of the student. ** This class contains a great deal of detailed information thus proper class preparation on the part of the student is expected. Students should read all textbook assignments and review notes on a daily basis in order to be prepared for class. Late homework will be penalized 7 pts per day and will not be accepted after answers have been gone over in class.
MAKE-UP WORK
Procedure: (You have 5 days to schedule make up work and a maximum of 10 to complete it)
1 – access the staff page on the school website for what was covered in class
2 – turn in any assignments that were due while you were out immediately to me! (Homework not turned in on the
day of your return will not be accepted and will be recorded as a “0”. I will not make a special request of you to
turn in your homework.)
3 – collect any worksheets passed out and note whether they need to be turned in for a grade
4 – if you missed a test, schedule a make-up date
5 – obtain any notes or assignments missed from a classmate
6 – be sure that if you don’t understand any work that you make an appointment for help with the teacher.
Do not expect me to remind you of your missed work -IT IS YOUR RESPONSIBILITY!
*Waiting until the work comes up on a test and then saying you were not here is no excuse! You have the right to re-take tests that are below a 70% for the maximum make up grade of 77%. Any test not re-taken within 1 week of the grade notification is no longer eligible for the make- up test. If you are taking a make- up or re-taking a test you must be present before school (no later than 7:45) or after school (3:20) There are no re-takes for missed appointments! Testing during your lunch or study hall may also be an option – ASK! . Open book tests, pair tests, take-home tests and projects are not eligible for retaking.
**IF you are present on campus for any part of the day on which an assignment is due, that day IS penalized.
Field Trips: Field trips are planned in advance. As per the school policy, students should get assignments BEFORE a field trip or planned absence. Failure to pick up materials will not excuse the student from participating in class work.
STUDENT RECORDS
All student records are maintained in a grade book and by computer. Students are encouraged to keep up with their grades at all times. Students will receive grade updates on the average of every 2 weeks. The parent portal is available for parents and students and is updated weekly. Call the main office if you have not already set up access.
COMMUNICATING WITH PARENTS:
Parents of students may be contacted periodically during the school year. Parents will receive:
1. Mid-nine weeks progress reports
2. Quarterly report cards
3. Telephone calls, letters, emails concerning student work or behavior when necessary
Parent concerns and questions about each student are also welcome.
NON-INSTRUCTIONAL ROUTINES:
1. Restroom policy - you must use the pass for restroom visits. These visits should be reserved for emergencies only (limit 4 per quarter) and should not take place the first or last 10 minutes of class. The school tardy policy will be followed.
3. In the event of any emergency drill, students will follow all appropriate procedures as described in the student handbook and for this classroom.
RULES
CLASSROOM RULES AND GUIDELINES:
1. No writing on the desks or walls. You write on it, YOU clean it!
2.A seating chart will be used. You should be seated and ready to begin class as soon as the bell rings.
3. Bring all required materials to class.
4. Respect others and their property.
5. Follow all handbook rules.
6. No cell phones or any electronic devices in use during instructional time.
CONSEQUENCES FOR VIOLATING CLASS AND SCHOOL RULES:
1st offensewarning by the teacher of problem
2nd offenseparent notification
3rd offensereferral to administration
Remember: Nothing is written in stone. I reserve the right to alter any consequences if I feel that it is needed.
VIDEO POLICY:Videos that are educational and standard related will be used to enhance student mastery of subject matter.Viewing guides or writing prompts that will be graded and discussed in class will accompany the videos. If a student is present and fails to view the video or fails to fill out the guide, he/she will receive a zero for that grade.
TIMELINE AND TOPICS FOR CP ECONOMICS 2013Unit 1 & 2 Scarcity, Opportunity Cost and Market Systems
Time allowance / Topics / Chapter Reading
1 week / Choices, opportunity cost, resources use, tradeoffs, marginal cost, scarcity, specialization, efficiency, traditional, market, command economic systems, market, circular flow, economic questions, capitalism, Adam Smith, free enterprise, profit, profit incentive, private property, competition, economic efficiency, economic equity, standard of living, economic growth / Chapters 1 & 2
Unit 3 Consumerism and Credit
Time allowance / Topics / Chapter Reading
2 weeks / consumer, disposable income, discretionary income, rational choice, effects of advertising, warranties, brand name vs generic name, ethical behavior, Federal Consumer Agencies
credit, principal, interest, installment debt, durable goods, mortgage, types of banks, credit cards, finance charge, APR, credit ratings, collateral, types of loans, usury laws, bankruptcy / Chapters 3 & 4
Unit 4 Saving & Investing
Time allowance / Topics / Chapter Reading
2 weeks / saving, interest, savings accounts, money market accounts, time deposits, maturity rates, certificates of deposit, stock, stockholders, capital gain vs capital loss, bonds, treasury bonds, broker, OTC market, mutual fund, pension plans, IRA, Keogh Plans, Roth IRA, diversification / Chapter 6
Budget Unit
Time allowance / Topics / Chapter Reading
1 week / Personal finance – salaries, taxes, living expenses / None from the book
Unit 5 Demand & Supply
Time allowance / Topics / Chapter Reading
2 weeks / demand, supply, market, voluntary exchange, law of demand, quantity demanded, real income effect, substitution effect, utility, marginal utility, law of diminishing marginal utility, demand schedule, demand curve, complementary good, substitute good, elasticity, law of supply, quantity supplied, supply curve, supply schedule, technology, equilibrium price, shortage, surplus, price ceiling, price floor, rationing, black market / Chapter 7
Unit 6 Business Organizations
Time allowance / Topics / Chapter Reading
2 weeks / entrepreneur, startup small business incubator, inventory, receipts, sole proprietorship, proprietor, unlimited liability, assets, partnership, limited partnership, joint venture, corporation, stock, limited liability, articles of incorporation, corporate charter, common stock dividend, preferred stock, franchise / Chapter 8
Unit 7 American Labor Force
Time allowance / Topics / Chapter Reading
2 weeks / civilian labor force, blue-collar workers, white-collar workers, service workers, skill levels of workers, minimum wage law, labor union, strike, types of unions, types of shops, right-to-work laws, collective bargaining, COLA’s, mediation, arbitration, picketing, boycotts, lockouts, injunctions / Chapter 12
Unit 8 Measuring the Economy/ The Underground Economy
Time allowance / Topics / Chapter Reading
2 weeks / civilian labor force, blue-collar workers, white-collar workers, service workers, skill levels of workers, minimum wage law, labor union, strike, types of unions, types of shops, right-to-work laws, collective bargaining, COLA’s, mediation, arbitration, picketing, boycotts, lockouts, injunctions / Chapter 13
Unit 9 Money, Banking & the FED
Time Allowance / Topics / Chapter Reading
2 weeks / money, functions of money, characteristics of money, legal tender, overdraft checking, EFT, ATM, checking accounts, debit card vs credit card, near moneys, M1, M2
the Federal Reserve, monetary policy, FOMC, check clearing, fractional reserve banking, expanding and contracting the money supply, discount rate, prime rate, open-market operations / Chapters 14 & 15
Unit 10 & 11 Government Spending & Collecting
Time allowance / Topics / Chapter Reading
1 week / public works, public goods, Medicare, social security programs, public assistance programs, Medicaid, externalities, fiscal year, the budget process, benefits-received principle, ability-to-pay principle, types of taxes, stabilization policies, unemployment rate, types of unemployment, full employment, the underground economy, types of inflation, stagflation, fiscal policy, Keynesian economics, monetarists, Milton Friedman / Chapters 16 & 17
Unit 12 International Trade
Time allowance / Topics / Chapter Reading
1 week / imports vs exports, absolute vs comparative advantage, specialization, exchange rates, depreciation, balance of trade, trade deficit, tariff, quota, embargo, protectionists, GATT, WTO, MAFTA, EU
developing nations vs developed nations, subsistence agriculture, infant mortality rate, nationalization, foreign aid, types of assistance, bureaucracies, capital flight, cycle of poverty / Chapter 18 & 20
**These topics; the order and time allowance is subject to change**
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