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Archived Bell Ringers for Economics

Monday

8/10/15

Create a Push-Button on your iPad for my Online Classroom

Tuesday

8/11/15

Begin copying EQ's today. Remember, each time we get to the tenth new EQ, I will collect your questions and answers for a daily grade. Please following the example below for writing daily EQ's.

EQ # 1: What is Economics?

(New Line) EQ # 2: ______________________________

(New Line) Answer: ______________________________

Wednesday

8/12/15

Youe decide not to wear your jacket on a chilly night out. What is your opportunity cost of this decision? Write your answer on a sheet  of paper and turn it over. Do not share your answer with neighbors.

Thursday

8/13/15

We are going to the media center for iPads. Please line up and be ready to go!

Friday

8/14/15

Download Socrative Student. Use the class code "Liskclass" to take a ten question review.

Monday

8/17/15

Download any draw free app that allows you to write on the screen with your finger. Write the four factors of production.

Tuesday

8/18/15

Identify the opportunity cost. There is a  cheerleading competition this weekend, but you and some teamates decide to ditch practice twice this week.

Wednesday

8/19/15

Write your answer in the draw app

Scenario one: You spend six hours at a party, and zero hours working on your project. The result - a 60 on your project

Scenario two: You spend four hours at a party, and two hours working on your project. The result - a 72 on your project.

What is the Marginal Benefit?

What is the Marginal Cost?

What was the unit added (utility)?

Thursday

8/20/15

On your draw app, give one example of how to increase productivity at a Subway Restaurant. BE SPECIFIC! Tell exactly what you would do.

Friday

8/21/15

How did Henry Ford increase productivity?

Monday

8/24/15

Answer on your draw app. Luke can cut ten heads of hair in hour. Jane can cut twelve heads of hair in an hour. Who has the absolute advantage at cutting hair?

Tuesday

8/25/15

Complete the Comparative Advantage problem on Bows and Bracelets that you received yesterday.

Wednesday

8/26/15

Haircuts per Hour                  Sets of nails painted per hour

Sarah 5                                   Sarah 10

Jacie   15                                 Jacie 15

Who has the comparative advantage in haircuts?

Who has the comparative advantage in nails?

Who should do hair?

Who should do nails?

Thursday

8/27/15

Peaches picked per Hour        Corn shucked per hour

Rosco 50                                  Rosco 25

Tinley   40                                 Tinley   10

Who has the comparative advantage in picking peaches?

Who has the comparative advantage in shucking corn?

Who should do peaches?

Who should do corn?

Friday

8/28/15

Write down any topic you still need help with!

Monday

8/31/15

Double check that your are up to date on your essential questions and answers. You should be starting EQ #6 today. All other EQ's should be written, and have answers. I will collect once we reach ten.

Tuesday

9/1/15

Use the draw app to give answer. What are the three basic economic questions?

Wednesday

9/2/15

List the six economic goals. Use draw app

Thursday

9/3/15

List three characteristics of a Mixed Market Economy

Friday

9/4/15

For each economic system, list their top prioritized economic goal.

Monday

9/7/15

Labor Day - No School

Tuesday

9/8/15

Using your draw app, list each economic system and what their top economic goal is. Then list the goal that ranks at the bottom for each system.

Wednesday

9/9/15

Use your draw app - define externality.

Thursday

9/10/15

Behave for your substitute today!

Friday

9/11/15

Using your draw app, draw a free market circular flow - check that your arrows are going in the right direction.

Monday

9/14/15

Using your draw app, draw the circular flow for the mixed market. Include the correct direction of arrows.

Tuesday

9/15/15

What do the households provide in the Factor Market?

What do the firms provide in the Factor Market?

Wednesday

9/16/15

Using your draw app, list the three basic economic question each society has to answer.

Thursday

9/17/15

Give TWO examples of government regulations

Friday

9/18/15

Using your draw app, tell what the "invisible hand" means in terms of the free market.

Monday

9/21/15

Find a partner and study for your Unit 2 Test - Economic Systems

Tuesday

9/22/15

On your draw app list the six economic goals.

Wednesday

9/23/15

Think of two goods that are the same no matter where you buy them - list them on draw app

Thursday

9/24/15

Give two examples of a perfect competition good - list on draw app

Friday

9/25/15

Using your draw app, list three characteristics of a monopoly.

Monday

9/28/15

NEW BELL RINGER PROCEDURE. Get the Monday slip from the podium. You must complete the slip and turn  in on the podium before the time reaches "0". List each market structure AND give one example for each.

Tuesday

9/29/15

Get Tuesday's slip from the podium.  List three specific companies that qualify as an Oligopoly.

Wednesday

9/30/15

Get Wednesday's Slip from the podium. Give three characteristics of a Sole Proprietorship

Thursday

10/1/15

Get Thursday's slip from the podium. When it comes to opening a business, what does it mean to take on (assume) all the liability? Give specific examples.

Friday

10/2/15

Get your slip from the podium. Identify what the two types of partnerships are AND tell what they mean! Don't just list them.

Monday

10/12/15

Get the slip from the podium. I WILL NOT ACCEPT LATE SLIPS!

LIST EACH TYPE OF BUSINESS ORGANIZATION AND GIVE ONE CHARACTERISTIC FOR EACH ONE

Tuesday

10/13/15

List the four types of Market Structures, and an example of goods/companies produced in each one.

Wednesday

10/14/15

Get your slip from the podium. What does the term "Scarcity" mean?

Thursday

10/15/15

On your slip, write what the Law of Demand is.

Friday

10/16/15

Monday

10/19/15

Get your slip for Monday. Write the Law of Supply (both parts of it)

Tuesday

10/20/15

Explain what role PRICE plays in creating shortages AND surpluses.

Wednesday

10/21/15

Go back and complete yesterday's as well!

How do we determine the market clearing price?

Thursday

10/22/15

Define Price Floor and Price Ceiling

Friday

10/23/15

Please make sure you put a date on your slips!

Illustrate a price floor and price ceiling

Monday

10/26/15

What do price floors lead to?

What do price ceilings lead to?

Tuesday

10/27/15

Which determinant of demand would the following headline about processed meat apply to?

"Research shows that eating processed meats will lead to higher cancer rates"

What would the impact on processed meat be (increase or decrease in demand)?

Wednesday

10/28/15

List the FIVE determinants that can change overall demand at any given original price.

Thursday

10/29/15

Explain how compliments influence how much you demand of a particular good?

Friday

10/30/15

Give two examples of substitutes for chicken.

Give two examples of compliments for hot dogs.

Monday

11/2/15

List the FIVE determinants of DEMAND

Tuesday

11/3/15

List the SIX determinants of SUPPLY

Wednesday

11/4/15

Grab the index card on the podium. On one side graph an increase in supply ( LABEL ALL PARTS). On the other side graph a decrease in supply (LABEL ALL PARTS).

Thursday

11/5/15

Grab an index card. On the front illustrate a PRICE FLOOR (LABEL ALL PARTS). On the back illustrate a PRICE CEILING (LABEL ALL PARTS).

Friday

11/6/15

Grab an index card. On the front write the law of supply. On the back write the law of demand.

Monday

11/9/15

Grab an index card from the podium. On the front wrtie the FIVE determinants of demand, and on the back write the SIX determinants of supply.

Tuesday

11/10/15

Grab an index card form the podium.

Write the law of demand (all of it) on the front.

Write the law of supply (all of it) on the back.

Wednesday

11/11/15

Grab an index card

Grab an index card from the podium. On the front wrtie the FIVE determinants of demand, and on the back write the SIX determinants of supply.

.

Thursday

11/12/15

Grab an index card.

On the front draw a price ceiling - label all parts of your graph

On the back draw a price floor - label all parts of your graph.

Friday

11/13/15

Grab an index card.

On the front draw an increase in supply and  beside that graph draw an increase in demand (two graphs on the front).

On the back draw a decrease in supply and beside that graph draw a decrease in demand (two graphs on the back).

Monday

11/16/15

Grab an index card

On the front DEFINE what a price ceiling is AND tell where they fall in comparison to the equilibrium.

On the back DEFINE what a price floor is AND tell where they fall in comparison to the equilibrium.

Tuesday

11/17/15

Grab an index card

What does the phrase "I-R-D-L" mean?

Wednesday

11/18/15

Grab an index card

What does it mean to have INELASTIC DEMAND?

What does it mean to have ELASTIC DEMAND?

.

Thursday

11/19/15

Grab an index card

Do price floors cause shortages or surpluses?

Do price ceilings cause shortages or surpluses?

Friday

11/20/15

Monday

11/30/15

Grab an index card

List your plans for after you graduate

Tuesday

12/1/15

Grab an index card

What does the acronym "SMART" stand for? List each part.

Wednesday

12/2/15

.Create a goal using the SMART format - list out each section using your goal.

Ex: Specific - I plan to visit Lake Lanier Island of Lights by December 25th. Then continue with the remaining four letters using your goal.

Thursday

12/3/15

What % of your monthly budget is your house payment?

Friday

12/4/15

Define the term BUDGET

Monday

12/7/15

What is the difference between MICROeconomics and MACROeconomics?

Tuesday

12/8/15

Draw a business cycle and label the FOUR parts of the cycle

Wednesday

12/9/15

What does GDP stand for?

Thursday

12/10/15

What is the difference between Nominal GDP and REAL GDP?

Friday

12/11/15

Define Recession

Define Depression

Monday

12/14/15

LIst two examples of items that WOULD be included in GDP and two items that WOULD NOT be included in GDP.

Tuesday

12/15/15

Identify what EACH letter stands for in C + G + I + Nx

Wednesday

12/16/15

Complete today's and yesterday's

Define the following terms

Expansion

Contraction

Recession

Depression

Thursday

12/17/15

Check PowerSchool - if you are missing the SENIOR budget project WORK ON IT TODAY! I will track you down and start giving pink slips to students not taking advantage of class time to work on assignments. Secondly, if you are failing YOU MUST DO THE EXTRA CREDIT ASSIGNMENT! If you left you iPad, start working on paper. DO NOT WASTE THE TIME I AM GIVING YOU!

Friday

12/18/15

Monday

1/4/16

Grab the new Bell Ringer Weekly Form - you will complete and turn bell ringers in on this form from now on.

List the THREE goals of MACROECONOMICS

Tuesday

1/5/16

Explain the difference between nominal and real GDP.

Wednesday

1/6/16

Who makes up the LABOR FORCE in our country?

Thursday

1/7/16

List the four types of unemployment.

Friday

1/8/16

Which type of unemployment is seen as the most harmful and indicates a declining economy?

Monday

1/18/16

Holiday, no bell ringer.

Tuesday

1/19/16

Teach work day, no bell ringer

Wednesday

1/20/16

Remember to use the new bell ringer page. There are some on the podium if you need one.

What are the three goals of Macroeconomics?

Thursday

1/21/16

List the four types of unemployment

Friday

1/22/16

Monday

1/25/16

On Last Friday's section - here is your question - What does inflation mean?

Turn in last week's page after you answer

Get a new page for today

Monday's question - Give an example of a product/service that has inflated in price in your lifetime?

Tuesday

1/26/16

What does CPI stand for?

Wednesday

1/27/16

What does the term "aggregate" mean?

Thursday

1/28/16

Draw an Aggregate Supply Curve and an Aggregate Demand Curve

Friday

1/29/16

List the four phases of the business cycle

Monday

2/1/16

Make sure you have turned in last week's bell ringers

Get a new sheet

Today's Question - Which way does the supply or demand curve shift if there is an increase? Which way would they shift if there was a decrease?

Tuesday

2/2/16

What four things are included in our GDP?

Wednesday

2/3/16

What are the three main goals of Macroeconomics?

Thursday

2/4/16

In your own words, write two sentences on what you think money is?

Friday

2/5/16

Explain the term "Medium of Exchange"

Monday

2/8/16

Turn in last week's bellringers to the tray

New

List TWO characteristics of money.

Tuesday

2/9/16

Who controls the money supply in our country?

Wednesday

2/10/16

Make sure you do yesterday's.

What are the three tools the Federal Reserve can use to increase or decrease the money supply?

Thursday

2/11/16

What does an expansionary policy do to the money supply?

What does a contractionary policy do to the money supply?

Friday

2/12/16

If the Fed wanted to contract the money supply, what would they do with Open Market Operations?

If the Fed wanted to expand the money supply, what would they do with Open Market Operations?

Monday

2/15/16

Holiday - no bellringer

Tuesday

2/16/16

Turn in last week's bellringers

List the three tools of monetary policy

Wednesday

2/17/16

Complete Tuesday's bellringer as well.

What would the Fed to with Federal Discount Rates if they needed to slow the economy and inflation down?

Thursday

2/18/16

What would the Federal Reserve do with government securities if they needed to boost the economy?

Friday

2/19/16

Who controls the money supply in our country?

Monday

2/22/16

Make sure you have turned in last week's bellringers

What are the two things that government control that can help expand or contract our economy?

Tuesday

2/23/16

How do yearly  budget deficits relate to the national debt?

Wednesday

2/24/16

What would the government do to our taxes if they wanted to cool down the economy?

What would the government do to our taxes if they wanted to boost our economy?

Thursday

2/25/16

What does the government sell in order to have pay off annual budget deficits?

Friday

2/26/16

What is our current national debt?

Monday

2/29/16

Turn in last week's bellringers!

What is the difference between a Trade-Off and Opportunity Cost?

Tuesday

3/1/16

How do we determine who has the Comparative Advantage?

Wednesday

3/2/16

Complete yesterday's bellringer as well

Thursday

3/3/16

What type of Balance of Trade does the U.S. currently have?

Friday

3/4/16

BELLRINGERS ARE TO BE DONE DAILY! YOU SHOULD NOT BE COMPLETING ALL FIVE DAYS ON FRIDAY!

Monday

3/7/16

GIve THREE trading blocks we discussed?

What does a trading block do?

Tuesday

3/8/16

Give THREE examples of trade barriers.

Wednesday

3/9/16

What are TWO benefits of trade?

Thursday

3/10/16

What does NAFTA stand for? Which three countties participate in NAFTA?

Friday

3/11/16

The country who gives up the LEAST amount to produce a good is said to have this type of advantage.

BELLRINGERS ARE TO BE DONE DAILY! YOU SHOULD NOT BE COMPLETING ALL FIVE DAYS ON FRIDAY!

Monday

3/14/16

Define Trading Block and give one example

Tuesday

3/15/16

Wednesday

3/16/16

Define Exchange Rate.

Thursday

3/17/16

Friday

3/18/16

Lookup the current exchange rate for the USD and the EURO - how many EURO's will one USD get you?

BELLRINGERS ARE TO BE DONE DAILY! YOU SHOULD NOT BE COMPLETING ALL FIVE DAYS ON FRIDAY!

Monday

3/21/16

What type of Trade Balance does the United States currently have?

Tuesday

3/22/16

What is a tariff?

Wednesday

3/23/16

Give TWO examples of Trading Blocks

Thursday

3/24/16

Identify what EACH letter in "SMART" stands for

Friday

3/25/16