20/21 Economics-Period 2 Spring Assignments

Objective
Explain how investing is fundamental for wealth accumulation.



Activity
Follow the link below to the investing game. Create an account and join the game. We will play the game for 17 days and the person with the most money at the end wins. This will count as a test grade. We will monitor your investments daily and make trades or adjustments as we go along.
 https://www.marketwatch.com/game/frosths

password: bears$


Sources that you may find to be particularly valuable for
your research include:

·       MarketWatch: http://www.marketwatch.com/

·       Wall Street Journal:  www.wsj.com

·       Yahoo Finance:   finance.yahoo.com

·      
Daily Treasury Yield Curve Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

Objective
Explain how purchasing a home is an important financial decision

Video
https://www.youtube.com/watch?v=2iGw3Yac-uQ

https://www.youtube.com/watch?v=PN3zccgSdsY

Article
https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp

Objective
Explain how insurance is used to protect wealth and identify different types of insurance.
Video
https://www.youtube.com/watch?v=qjXgpJpSlCc

Articlehttps://content.personalfinancelab.com/glossary/what-is-insurance/?v=c65242dc6c2c

Objective:
Identity the costs and benefits of using credit and borrowing money.

Article:https://www.cnbc.com/select/guide/credit-scores-for-beginners/

Complete form

Demonstrate how to maintain a checking account, including reconciling a bank statement

Objective:
Explain how budgeting is an important money management tool and investing is fundamental for wealth accumulation
Activity:
Complete the project packet and submit a cash flow statement and balance sheet to google classroom in sheets.

Complete the attached budgeting worksheet.

Create an account on mint.com. Create a budget. Screenshot your budget and post it to this assignment. If you do not want to use mint create your budget in a sheets and upload it to this assignment.

Complete form with answers from worksheet.

Complete form as we work through the lesson.

Complete crossword and fill answers in the google form.

Video
https://www.youtube.com/watch?v=94BtOtGVqLw
Article
https://thismatter.com/money/banking/money.htm

Objective: In this activity you will apply concepts of inputs, outputs, opportunity cost and economic decision making.

Directions: Play the Coffee Shop Game. While you are playing, or after you have completed the game, create a google doc, identify all the inputs, outputs and types of resources that are present in the game. You can number your list. Submit to google classroom when complete.

What inputs were used in the game?
What outputs were produced in the game?
What resources were used, and what type of resource was it? (Land, labor,
capital, entrepreneurship)
Explain the types of decisions you had to make and explain what your
opportunity cost of each decision was.
How much money did you make at the end of the game?

Complete the crossword.

5 Different Business Types Pros and Cons
https://financiallysimple.com/5-different-business-types-pros-and-cons/

Consider the questions as we discuss different business structures.
What are the characteristics of sole proprietorships, partnerships, and corporations?
What are the advantages and disadvantages of proprietorships, partnerships, and corporations?
What responsibilities and rights do business owners have in a free enterprise system?
How do corporations raise money?

Follow the link and complete the activity
https://sites.google.com/forneyisd.net/economicbreakout/home

Video
https://www.youtube.com/watch?v=PCcVODWm-oY&list=PL1oDmcs0xTD-dJN1PL2N1urX0EKupBJCQ&index=27
Article
https://thismatter.com/economics/market-models.htm

Changes in market equilibrium
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/market-equilibrium-disequilibrium-and-changes-in-equilibrium/v/changes-in-market-equilibrium

Supply and its determinants
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/supply/a/lesson-overview-supply-and-its-determinants

Non-price determinants
https://www.economicsonline.co.uk/Competitive_markets/Demand_non-price-determinants.html

Supply and Demand
https://www.investopedia.com/terms/l/law-of-supply-demand.asp

market – an arrangement that bring sellers and buyers together for economic transactions
supply – the total amount of goods and services offered for sale at various prices
demand – the total amount of goods and services consumers are willing to buy at various prices
equilibrium price – the price at which the quantity supplied in the market matches the quantity demanded in the market
absolute advantage – condition that occurs when someone can produce goods and services cheaper than another other producers
comparative advantage – condition that occurs when someone can produce at a lower opportunity cost than other producers
specialization – the development of skills and knowledge associated with one job or one area of expertise
pure competition – a market structure characterized by many producers supplying the same product and very few barriers to entry in the market
monopolistic competition – a market structure characterized by many producers supplying similar but varied products with few barriers to entry to the market
oligopoly – a market structure characterized by very few producers supplying similar products with high barriers to entry in the market
monopoly – a market structure characterized by one producer with a unique product and very high barriers to entry in the market

Economics of Moneyball
https://www.youtube.com/watch?v=0-atR-6g01A

Circular Flow Matrix- How the economy works Video
https://www.youtube.com/watch?v=mN5HPJYJzus

The Circular-Flow Model of the Economy
https://www.thoughtco.com/the-circular-flow-model-of-the-economy-1147015

Economic Schools of Thought Video
https://www.youtube.com/watch?v=tZvjh1dxz08

Production possibilities curve video
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/production-possibilities-curve-scarcity-choice-and-opportunity-cost-macro/v/production-possibilities-frontier

Opportunity Cost video
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/production-possibilities-curve-scarcity-choice-and-opportunity-cost-macro/v/opportunity-cost

Opportunity cost and the PPC Article
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/production-possibilities-curve-scarcity-choice-and-opportunity-cost-macro/a/lesson-summary-opportunity-cost-and-the-ppc

The Opportunity Cost of Water Article
https://freakonomics.com/2012/12/31/the-opportunity-cost-of-water/

https://www.youtube.com/watch?v=-IvwoqPh1_I

https://www.thebalance.com/factors-of-production-the-4-types-and-who-owns-them-4045262

https://www.slideshare.net/klgriffin/how-do-economic-systems-answer-the-basic-economic-questions

https://www.youtube.com/watch?v=B43YEW2FvDs

Specialization and Trade
https://www.youtube.com/watch?v=NI9TLDIPVcs

Scarcity
https://www.investopedia.com/terms/s/scarcity.asp

Scarcity and Choice
https://www.economicsdiscussion.net/economic-problems/scarcity-and-choice-as-economic-problems-with-diagram/18143