Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods Compare and contrast the role of government in a command economy and a market economy Summarize the characteristics of a free enterprise system

Monday Bell Work-copy types of econ matrix 2. Review week one concepts of scarcity, opportunity cost, principles that guide an economic way of thinking. 3. Econ Lab: working with scarce resources-smores

Tuesday 1-14 Review types of econ matrix Group Review and quiz of econ systems Group study and share out of economic goals: students are assigned one goal to study and share out with the class

Block day 1-15, 1-16 Bell work- complete questions about one economic goal Group share out of one economic goal Take notes from the student answers written on the board Introduce the characteristics of a free enterprise system

Week 3 Objectives 1. Describe the three types of business organization. 2. Summarize the advantages and disadvantages of a sole proprietorship, partnership, and corporation. 3. Explain the reasons that cause firms to merge. 4. Identify two different types of mergers. 5. Describe and illustrate the concept of demand. 6. Explain what causes a change in quantity demanded 7. Describe the factors that could cause a change in demand.

Tuesday 1-19 FAFSA P.I.N. Workshop Bell Work: Draw a table using pages TypePros (advantages) Cons (disadvantages) Sole Prop. Partnership Corp.

Objectives Explain the reasons that cause firms to merge. Identify two different types of mergers.

Block 1-20, 1-21 Bell Work: 1. When it comes to partnerships one disadvantage is limited life. What does it mean when a business has limited life? 2. Identify the two types of partnerships. 3. Explain the term bankruptcy and why it is considered a possible outcome of a partnership. 4. Which type of business requires permission from the government and what is that document called?

Bell Work How Businesses Grow Why Businesses Merge Graphic Organizers Quiz

Graphic Organizers: Two Ways Businesses Grow: Reinvestment- Earnings put back into business to build firm. Mergers- Horizontal /Vertical

Graphic Organizers: Two Ways Businesses Grow Mergers Vertical HorizontalReinvestment

Graphic Organizers: Reasons Why Businesses Merge: Read page and fill in the graphic organizer below:

Assignment: Types of Mergers 1. Draw a Venn Diagram comparing the two types of mergers. 2. Draw an illustration of each type on the back side of your Venn Diagram 3. Explain how conglomerates and multinationals differ from horizontal and vertical mergers. Due Friday

Friday 1-24 Rally Schedule Bell Work: Define Demand and Marginal Utility Introduce concept of demand-show video clip Jingle all the Way Discuss Demand and Marginal Utility

Week 4 Objectives 1. Students will be able to explain the difference between change in quantity demanded and an overall change in demand. 2. Students will be able to summarize the reasons for a change in overall demand. 3. Students will be able to explain the law of demand. 4. Students will be able to explain the difference between change in quantity supplied and supply. 5. Students will be able to summarize the reasons for an overall change in supply. 6. Students will be able to explain the law of supply. 7. Students will be able to illustrate supply and demand on a graph. 8. Students will be able to describe the term equilibrium price.

Monday 1-27 Bell Work- C. 4 Vocab Activity Notes: Demand Demand Curve Activity-students are taken step by step on how to draw a demand curve using manded.swf Assign IES countries

Tuesday 1-28 Bell Work: Vocabulary Activity Change in Qty Demanded vs. Change in Demand notes Quick write: What is the difference between change in demand and change in qty demanded? Activity: Reasons why demand changes-students predict the meaning of the seven determinants of demand then confirm or change their answers using the book.