Unit #1:  Introduction to Economics


Class Activities:

Unit #2:  The Household Budget Project


Class Activities:

  • Calculating Withholdings and filling Out a 1040EZ Form
  • Types of Insurance
  • Types of Car Insurance

Optional Reading:

Personal Finance Information:

Household Income Data & Information:

Unit #3: Supply and Demand


Class Activities:

  • Introduction to Demand
  • Introduction to Supply
  • Supply and Demand Examples
  • Marginal Cost, Marginal Revenue and Profit Maximization
  • 30 Days on Minimum Wage (Price Floor Application)
  • Price Gouging (Price Ceiling Application)
  • Elasticity; calculated elasticity of demand values for some products are here; an excellent video that explains how to calculate demand elasticity is here

Optional Reading:

Unit #4:  GDP, Unemployment and Inflation



I.  Macroeconomic Performance:

II.  Unemployment and Inflation:

Unit #5:  Fiscal and Monetary Policy


  • The Long Story of U.S. Debt (assignment #10) is here



  • Current Data on M1 and M2
  • Current FOMC members
  • Traditional and Nontraditional Monetary Policy Tools (excellent video from the
  • St. Louis Federal Reserve available here)
  • The Fed Machine video is here
  • The MetroWest Economic Center website is here

Unit #6:  Money and Banking


Class Activities:

2015-2016 Policy Paper Writing Assignment

Class Handouts/Assignments:

Assigned/Required Readings:

  • Link to CQ Researcher for Paper (LS Library Database) (need user ID/password if  at home)
  • The New York Times article summarizing the CBO study (required) is here
  • Readings from the Economic Policy Institute that support raising the minimum wage are here (type minimum wage into the by content box on the page for more articles)
  • Readings from the American Enterprise Institute that oppose raising the minimum wage are here

Optional Readings (may be used in paper):

Midterm Examination Information

Unit #7: Stocks, Bonds and Mutual Funds

Homework: (see online articles below)

Required Homework Readings (see homework guide above):

Remember to print out and bring required articles above to class on February 12 for the review guide note check, otherwise no points for review guide.

Class Activities

Useful Websites for the Investing Unit:

A.  Researching Stocks:

B.  Researching Mutual Funds:

C.  Mutual Fund Companies for Portfolio Assignment:

Q3 Current Events Assignment

Block 1:

Print out and Read by 04/04

Last Names B-H :

Names K-V:

Block 7:

Print out and read by 04/04

Last Names A-K:

Last Names M-W:

Unit #8:  International Trade & Globalization


Class Activities:

  • A currency converter is here
  • Absolute v. Comparative Advantage
  • Current Trade Statistics
  • Trade Barriers/Protectionism; “Let Africa Trade With Africa” video is here; “The Routes of Trade” video is here
  • Currency Exchange Rates; “President Nixon Ends Bretton Woods International Monetary System” video is here; the video on reserve currencies is here; the video on the Eurozone crisis is here
  • Globalization
  • Film Questions Commanding Heights NAFTA; (watch online here): Start at 2:43 in to “The Global Idea” (3.2), then watch “NAFTA: The First Test” (3.3), “Crossing the Border” (3.4), “The Global Market” (3.5), and “Emerging Market Hunters” (3.6).
  • What we’ve learned from NAFTA articles are here
  • Migration
  • Options for U.S. Trade Policy

Unit #9: Asset Bubbles in History & The 2008 Financial Crisis


Class Activities:

  • The U.S. Housing “Bubble”
  • 2008 Financial Crisis Key Terms Jeopardy Game
  • Inside Job Film Questions
  • Common Elements of Speculative Bubbles Throughout History

Required Websites for the Financial Bubbles Project:

Tulip Mania:

The South Sea Bubble:

The Roaring 1920s Stock Market Bubble:

Japan’s Bubble Economy:

The dot.com Bubble:

Required Websites Related to the 2008 Financial Crisis

  • Inside Job (review the following sections: “The Cast” “The Events,” “The Jargon”
  • A great video timeline about the origins of the Financial Crisis is here.  The derivatives controversy is here and the failure to regulate derivatives is here

Optional Websites for understanding the 2008 Financial Crisis:

Final Project

Class Activities:

  • Introduction to Marketing
  • Introduction to Cash Flow
  • Controlling Costs