Friday August 29, 2014 Mr. Goblirsch – Economics OBJECTIVE – Students Will Be Able To – SWBAT: - Analyze the Dow to determine if stock values increased or decreased. - Describe the Capitalist and Mixed economic systems. AGENDA: 1)WARM-UP: Tax Day 2)GUIDED ACTIVITY: The Dow Stock Simulation Week 2 3)INDEPENDENT PRACTICE: Ch 2 Sec 2&4 Workbook Pgs. 21&23 4)CLOSURE: How Would My Life Would Be Different? ***Chapter 2 Quiz Next WEDNESDAY 9/3*** Tax Day WARM-UP: (Follow the directions below) ***5 minutes***  Take out your Weekly Time Sheet.  Complete the tax form for this week’s pay check. (Check with your partner to make sure it’s accurate)  Make your weekly deposit in your Account. (I will be coming around to stamp your account forms)

TAX DAY 8/29 $7.25 Employee w/o a Job 1) 1)$ ) 2) - $3.63 3) 3) - $2.18 4) 4) - $1.09 5) 5) - $2.18 6) 6) - $0.36 7) 7) - $0.36 8) 8)Total Taxes = - $9.80 9) 9)Weekly Deposit = $26.45 $9.25 Employee w/ a Job 1) 1)$ ) 2) - $4.63 3) 3) - $2.78 4) 4) - $1.39 5) 5) - $2.78 6) 6) - $0.46 7) 7) - $0.46 8) 8)Total Taxes = - $ ) 9)Weekly Deposit = $33.75

Low Income Tax Rebate 1.If you make below $8 and hour (so all $7.25 workers) you are eligible to receive a 25% tax credit rebate. 2.Calculate your tax rebate by: a)Multiplying the total amount of your taxes paid this week by 0.25 (25%) I.Total Taxes Paid X 0.25 = Tax Rebate II. $9.80 X 0.25 = $2.45 = Low Income Tax Rebate 3.Add the $ to your account under the Description “Low Income Tax Rebate”

EXAMPLES $9.25 EXAMPLE $7.25 EXAMPLE

GUIDED ACTIVITY: Tracking The DOW 1)Locate your 5 stocks on The DOW handout. 2)Locate the “closing price” for your 5 stocks. 3)Multiply the “closing price” for your 1 st stock by the number of shares of it you own  “closing price” X # of shares = Worth Week 2 4)Repeat for 2 nd, 3 rd, 4 th, & 5 th stocks 5)Add all 5 stocks together to = total worth 6)Calculate + / - change from last week’s worth

INDEPENDENT PRACTICE: DIRECTIONS: Complete Chapter 2 Sections 2 & 4 Workbook Pages 21 & 23 IF YOU FINISH: Turn it into the basket. IF YOU DON’T FINISH: Due Wednesday 9/3

CLOSURE: EXIT TICKET How Would My Life Be Different? 1)TRUE OR FALSE: In the United States, we have a mixed economic system based on a Free Market, with some elements of a Centrally Planned system. 2)If the U.S. began using a pure Free Market system (completely free), 3 ways my life would change would be … 3)If the U.S. began using a pure Centrally Planned system (completely unfree), 3 ways my life would change would be …