GLE #49 Mind Map

I posted the GLE #49 mind map on the iDisk in the GLE49 folder under Economics.

Weekly Preview: 11-15 February 2008

See my iDisk for outlines, presentations, and worksheets (should you miss class).

Monday
GLE #48 -- presentation and activity
GLE #49 -- presentation and activity
GLE #50 -- presentation and activity

Tuesday
Test 3.2 -- study guides (crossword puzzles) were distributed in class and posted online last Thursday; see below on this blog.
GLE #51 -- presentation and activity
GLE #52 -- presentation and activity
GLE #53 -- presentation and activity

Wednesday
GLE #54 -- presentation and activity
GLE #55 -- presentation and activity

Thursday
GLE #56 -- presentation and activity
GLE #57 -- presentation and activity
GLE #58 -- presentation and activity

Friday
GLE #59 -- presentation and activity
GLE #60 -- presentation and activity
GLE #61 -- presentation and activity (end of economics unit)

Fake Resumé Due Date

The Fake Resumé due date is 29 February 2008. Remember that the Google Calendar at the bottom of this page has the project due dates posted.

Del.icio.us Help with GLE #50

I posted a number of helpful links for GLE #50 here:
http://del.icio.us/LouisianaStudies/gle50

Point Sheets Due Monday

If you did not return Thursday's point sheet on Friday I will take them on Monday. Remember that the participation bonus becomes less of a factor with each test you take. A strong "A" at this point could drop dramatically by the end of this grading period with low scores.

GLEs on "The Economy as a Whole"

The final subunit on economics concerns "The Economy as a Whole."

Economics
The Economy as a Whole

• 59. Explain the meaning of various economic indicators that help describe the state of an economy (e.g., GDP, CPI, stock market indices, rate of unemployment or inflation) (E-1C-M1)
• 60. Define inflation and unemployment in terms of an economic system as a whole (E-1C-M2)
• 61. Describe the influence/impact of inflation or unemployment on different groups of people (e.g., consumers, business owners) (E-1C-M2)

GLEs on Individuals, Households, Businesses, and Governments

The next subunit in economics is on "Individuals, Households, Businesses, and Governments."

Economics
Individuals, Households, Businesses, and Governments

• 52. Explain how supply and demand affect prices (E-1B-M1)
• 53. Explain and analyze factors affecting production and allocation of goods/services in Louisiana and the United States (E-1B-M2)
• 54. Explain the difference between private goods/services and public goods/services and give examples of each (E-1B-M3)
• 55. Identify the costs and benefits of a given government policy (e.g., trade agreements, minimum wage) on a competitive market (E-1B-M4)
• 56. Identify various types of taxes and user fees and predict their consequences (E-1B-M5)
• 57. Explain reasons for trade between nations and the impact of international trade (E-1B-M6)
• 58. Describe historical and economic factors influencing the economic growth, interdependence, and development of Louisiana and the nation (e.g., mass production, oil boom and decline) (E-1B-M7)

The GLEs on Fundamental Economic Concepts

Grade-level expectations (GLEs) are the state-mandated curriculum for each academic subject. We are on the economics unit and the "Fundamental Economic Concepts" subunit.

Economics
Fundamental Economic Concepts

• 42. Analyze situations involving scarcity (limited resources) at the individual, group, and societal levels to determine the need for choices or what is gained/lost by a decision (E-1A-M1)
• 43. Explain how effective economic decisions (e.g., determining the best level of consumption) require comparing the additional costs of alternatives with additional benefits (E-1A-M2)
• 44. Explain choice/trade-offs, cost/benefits, and opportunity costs related to making personal economic decisions (E-1A-M3)
• 45. Analyze the role of specialization in Louisiana's economy (E-1A-M4)
• 46. Use a variety of resources to research education and training for jobs and careers (E-1A-M5)
• 47. Cite examples of how skills/knowledge and technical training increase personal productivity and career opportunities, and which skills/knowledge would enhance particular career prospects (E-1A-M5)
• 48. Characterize and analyze the use of productive resources in an economic system (E-1A-M6)
• 49. Describe how the four basic economic questions are answered in traditional vs. command vs. market economies (E-1A-M6)
• 50. Describe institutions (e.g., banks, government agencies, large companies, small businesses) that make up economic systems (E-1A-M7)
• 51. Use economic concepts (e.g., scarcity, opportunity cost) to explain historic and contemporary events and developments in Louisiana (E-1A-M9)