Weekly Plan 1/31 - 2/11

Monday - Back to school DVD - Bill Gates & Warren Buffett
  LO - learning specific skills for life success
Tuesday - Back to school DVD - Bill Gates & Warren Buffett
 LO - learning specific skills for life success
Wednesday - Back to school DVD - Bill Gates & Warren Buffett
  LO - learning specific skills for life success
Thursday - Ch 1.1 - Opportunity cost
  LO - learning about Economics basics, scarcity, opportunity cost
Friday - Ch 1.2 basic economic question
  LO -  learning about Who, What, How products are produced

Monday - Ch 1.3 - Economics Systems
  LO - Learning about three economics systems, traditional, command, market
Tuesday - Ch 2.1 -  elements of market economy
  LO - learning about market competition, price system and entrepreneurship
Wednesday - Ch 2.2
  LO - learning about economic growth
Thursday - Ch 2.3
  LO - learning about production possibility frontier
Friday - Ch 1 & 2 discussion
  LO - discussing elements of economic systems and economic growth

Industry Analaysis Part #3 - Supply Shifters

Research the affects of supply to your industry.  Look specifically for the following Supply shifters.

• Technology advancements in your industry
• Number of suppliers on the market
• Change in price of a raw material

You must find two examples in two of the three categories.

Be able to turn in a written response and contribute to class discussion on 3/9
Please document your sources

Weekly Plan 2/28 - 3/11

Monday - Session 3.2
  LO - learning determinants of demand
Tuesday - Industry research
  LO - learning demand changes in specific industry
Wednesday - Session 3.3 discussion
  LO - learning price impact on demand
Thursday - Industry discussion, written due
  LO - learning various examples of changes in industry demand
Friday - Session 3.4 - 3.6 review, Blog posting #4
  LO - learning Supply basics and determinants of supply

Monday - Session 3.3 - analysing Market demand - Ellis gone all day
  LO - learning changes in quantity demanded
Tuesday -  Industry research topic #3 - supply - Ellis gone all day
  LO - learning industry changes in supply
Wednesday Session 3.4  - Supply -Ellis gone all day
   LO - learning determinants of supply
Thursday - Session 3.5 Supply changes
  LO - learning determinants of supply
Friday - Industry discussion - supply, written due
  LO - learning specific industry examples of changes in supply

Econ Discussion #3 - Oil Supply

Turmoil in the middle East is causing US oil prices to soar.  Read the following article and watch the following video

The Economist - Oil pressure rising

CBS news summary of Oil issues

Please post comments addressing the following discussion points

• What is the OPEC Barrels per day compared to the US?
• Is there a US solution to reduce the dependency on OPEC oil?
• Why is there a panic price increase. How can the market control panic price increases?
• What is your opinion on the US role in the middle east dealing with oil production?

Econ discussion #2 - The demand for products

Groupon is a web based coupon system that allows companies to offer special deals for a limited time.  Over the course of two years the companies if worth over a billion dollars.  Here is the discussion for comments

Read this article     Is groupon the next google?
Read this article to learn more about the industry  article that explains Groupon's Market

Watch this interview to learn about Groupon's birth.  Short Interview with Groupon CEO

Post comments based on the following two questions.

• Why do you think Groupon will survive or die over the next five years.  Base your decision using the determinants of demand.
• Look at the four potential new markets and decide which will have the best chance of success.  Explain your answer.

Weekly Plan 2/21-2/25

Monday - No School
Tuesday - Industry Presentation
  LO - learning specific facts about industries
Wednesday - Complete Industry Presentation
  LO - learning specific facts about industries
Thursday - Demand Ch 3.1, 3.2
  LO - learning about demand and demand curves
Friday - Ch 3.1 and 3.2 discussion, freakeconomics #1
  LO - learning about demand and demand determinants

Industry Analaysis Part #2 - Demand Shifters

This week research your industry to learn about the demand of your product.  See if you can find some of the following information
.

• How the change in the price of a compliment of substitute good effected your industry
• How the change in consumer information effected your industry

Be able to

• Turn in at least two examples of each Demand changes in your industry typed, double spaced, Thursday 3/1
• Present your finding by Thursday 3/2

Production Possibility Curve

This short video clip explain Production Possibility curves very well.  Please watch and see what another AP Econ student created.  This is not required for posting, but it is a very well done  and will help you understand the PP Curve.

Production Possibility Curve Explanation on Youtube

Interesting Product

Some of you might want this app for studying.  Take a look at this link.  If someone purchases this app, let me know what you think.

Phone App for Economics Exams

Weekly Plan 2/14-2/18

Monday -Review Ch 1 & 2
  LO - learning elements to study for ch 1 & 2 exam
Tuesday - Industry Research
  LO - learning background information about specific industry
Wednesday - Industry Discussion (Sub Teacher)
  LO - learning specific facts about industries
Thursday -  Test Ch 1 & 2 - case study, workbook due (Sub Teacher)
  LO - showing learned knowledge of Ch 1 & 2 content
Friday - Industry Discussion
  LO - learning specific facts about industries

Industry Analaysis Part #1

Your first task is to research your specific industry.  This is a start at becoming an expert in your field.  You will be expected to provide a 2-3 minute presentation in class covering the following topics.

• Defination of industry
• Market share leaders in industry
• Big players in industry. 
• Size of industry in U.S. Dollars
• Start of industry
• Changes in industry over time

Opportunity Cost

Watch this video about a homeless couple that wins a pair of super bowl tickets.  Post a comment on your opinion if they should keep the tickets or sell them.

Click to watch video clip

Session #1

Listen to the following Michael Savage interviews with Donald Trump. Post a comment on Trump's campaign platform and your opinion on his proposals.

Interview #1

Interview #2

Welcome to Honors Economics at KU

I plan to post articles and media files for you to review and comment on.