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Week 9/ October 2 to October 6

October 2 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy.

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

Activator:

None Project work day.

Teaching Strategies: 

Students will share work as a class and take socratives created by group

Summarizer:

Teacher Check of Work.  Students will be provided with a detailed schedule they should follow.

Differentiation:

Student presentations

 

October 3 2017

Essential Question:

All Unit 2 Economic Systems Standards and EQs Apply.  Test Review Day.

 

Activator:

What final questions do you have?

 

Teaching Strategies: 

Study Guide and Kahoot

Study guide and notes are available under Unit 2 Economic Systems entitled Economic Systems Study Guide and Economic Systems Notes.

Notes CLICK HERE

Study Guide CLICK HERE

Summarizer:

On todaysmeet tell me what final questions you have.

Differentiation:

None, review day

 

October 4 2017

Essential Question:

All Unit 2 Economic Systems Standards and EQs Apply.  Test Day.

 

Activator:

What final questions do you have?

 

Teaching Strategies: 

Students will take Test on Economic Systems

 

Summarizer:

None test day

 

 

October 5 2017

Essential Question:

All Unit 2 Economic Systems Standards and EQs Apply.  Test Corrections Day.

Activator:

What part of the test did you have the most trouble with?

 

Teaching Strategies: 

Students will complete  Test Corrections.

This day is also the designated review day, before the retest day on the following day.

Unit 1 Study Guide CLICK HERE

Unit 2 Study Guide CLICK HERE

Economics Standards CLICK HERE

Students will also be allowed to complete 1 Standards based grade replacement.  This will not replace a project or test grade, but may replace a daily grade.  Students will be told to look at their power school to pick an assignment for the grade replacement.  They will select the one assignment they wish to have their grade replaced.

Students will create a lesson plan for that standard.

They will include the following:

Standard (Put the standard here)

Essential Question (A question you should be able o answer at the end of the lesson)

Activator (A question of activity that leads into the lesson plan)

Teaching Strategy (A lesson that has 3 steps.  At least one step should be 2-3 sentences that cover the main information or main ideas from the standard.  At least one step must be an activity)

Summarizer (A 3 question quiz someone would be able to pass after the lesson)

Summarizer:

None test corrections day.

Students who finish early will watch the following video:  CLICK HERE

https://www.youtube.com/watch?v=KGI1jfax9cc

They will list the advantages and disadvantages of sole proprietorship, partnerships, and corporations.

They will then find and examine one example for each.  They will research on tier own for these examples.  They will than take a Socrative that covers this content.

 

 

October 6 2017

Essential Question:

All from year apply retest day

Activator:

Questions

Teaching Strategies: 

Students will take the Unit 1 or Unit 2 retest if necessary.

Students will complete the makeup assignment.

Summarizer:

None retest day.

 

October 9 2017

Standard:

SSEMI4 The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy.

  1. Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation.
  2. Explain the role of profit as an incentive for entrepreneurs.

EQ: How do entrepreneurs organize their businesses to best meet the challenges of the market?

Activator:

 

Classnotes:

When an entrepreneur chooses to go into business, he/she must choose a business organization, which is a legal design for the business.  It primarily affects taxes, regulation, and liability for the business owner.  There are three basic types covered in these standards, however, there are many more, including a Limited Liability Company or a Limited Liability Partnership.  An entrepreneur must consider the type of business he/she is starting and look at the advantages and disadvantages of each before deciding which type of business organization to form.

 

 

Business Organization

Definition

Control/ Decision Making

Taxation

Liability

Regulation

Access to Resources

Sole Proprietorship

*Easy to start

*Easy to end

Single owner

Owner has full control

Profits taxed as personal income

Unlimited Personal Liability

Low levels of regulation

Lowest access to resources

Partnership

*Easy to start

*Easy to end

Two or more owners

Partners share control

Profits taxed as personal income

Unlimited personal liability

Low levels of regulation

More access to resources than SP

Corporations

 

*Difficult and expensive to start but can last forever

 

Owned by shareholders/

stockholders

Controlled by a Board of Directors

Corporation must pay corporate income tax; Stockholder must pay taxes on dividend payments (Double Taxation)

Limited liability

 

**One of the primary benefits of corp.

Highest levels of regulation

Highest access to resources

 

*Main reason to become a corp.

 

On Todaysmeet, students will answer this question:  What do you need to start a business?

Teaching Strategies: 

Students will learn about the differences between .sole proprietorship, partnership, and corporation  They will learn the components of each, and the relative advantages and disadvantages of each.

Students will be provided with a graphic organizer.  Graphic organizer will address each of the three business organizations on one side, and then address the advantages and disadvantages of each as well.

Handouts are available under Unit 3 Market Structures and Business Organizations entitled Business Organizations chart BLANK .pdf and Business Organizations chart BLANK advantages and disadvantages.pdf

Handout is available complete under Unit 3 Market Structures and Business Organizations entitled Business Organizations chart COMPLETE.pdf.

CLICK HERE for business organizations advantages

http://smallbusiness.chron.com/advantages-type-business-organization-10422.html

 

Summarizer:

Socrative Exit Ticket 

OR...

Address Advantages and Disadvantages.

 

Differentiation:

 

 

October 10 2017

Essential Question:

SSEMI4 The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy.

  1. Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation.
  2. Explain the role of profit as an incentive for entrepreneurs.

EQ: How do entrepreneurs organize their businesses to best meet the challenges of the market?

Activator:

Students will be provided 3 verbal scenarios and they will decide which of the 3 business organizations is represented.

Teaching Strategies: 

Students will be instructed to get their notes out from the pervious day.  They will then in pairs complete two worksheet/ activities.  The first will be completed on a sheet of paper, and the second will be completed on the app Popplet.

Students will first complete a Business Organizations refresher on their own sheet of paper.  They then in pairs and on popplet address the case studies laid out in a Sweet Creations Business Organizations Activity.  We will discuss these as a class.

Activities are available under Unit 3 Market Structures and Business Organizations entitled Business Organizations refresher and Business Organizations activity.

 

Summarizer:

Students in pairs will submit Poplet that answers the Sweet Opportunities Case Study.

Differentiation:

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