Day 42 - Monday, April 16th

1) Unit 3 Test - Hand Back & Take Up

2) Exam Review

Day 41 - Friday, April 13th

1) Unit 3 Test

Day 40 - Thursday, April 12th

1) The Consumer Price Index

As a class, we will read pages 207 to 209 of the textbook.

2) CBC Marketplace

Day 39 - Wednesday, April 11th

1) Globe and Mail - The End Of The Penny

http://www.theglobeandmail.com/news/national/the-life-and-times-of-the-penny/article2388035/

2) Take Up Unemployment Questions

3) Unit 3 Test - Friday, April 13th

A review sheet was handed out in class.

Day 38 - Tuesday, April 10th

1) Comparative Advantage Assignment #2 - Hand Back & Take Up

2) Unemployment

Students will read pages 203 to 206 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 206

Day 37 - Thursday, April 5th

1) Take Up Questions From Last Week

2) Video: Is The UFC A Monopoly?

http://espn.go.com/espn/otl/story/_/page/UFCpay/ufc-fighters-say-low-pay-most-painful-hit-all

Day 36 - Wednesday, April 4th

1) Documentary: Inside Job

2) Gross Domestic Product

Students will read pages 197 to 202 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 202

Day 35 - Tuesday, April 3rd

1) Article Assignment - Hand Back & Take Up

2) Finish Comparative Advantage Assignment #2

Day 34 - Monday, April 2nd

1) Comparative Advantage Assignment #2

Day 33 - Friday, March 30th

1) Documentary: Inside Job

Day 32 - Thursday, March 29th

1) Comparative Advantage Assignment - Hand Back & Take Up

2) Firms, Competition and the Market

Students will read pages 152 to 160 and answer questions 1, 2, 3 & 4 on page 160.

Day 31 - Wednesday, March 28th

1) Unit 2 Test - Hand Back & Take Up

2) Article Assignment - The Banking Blunders That Snare Young People

Day 30 - Tuesday, March 27th

1) Comparative Advantage Activity

2) Comparative Advantage Assignment

Day 29 - Monday, March 26th

1) Documentary: Freakonomics

2) Lesson: Comparative Advantage

3) Comparative Advantage Activity

Day 28 - Friday, March 23rd

1) Note: Types of Industries

2) Group Activity: Forms of Business Ownership

Working in pairs, students will look at different forms of business ownership which they will then present to the class.

Day 27 - Thursday, March 22nd

1) News Ways of Explaining Consumer Choices

2) Documentary: Freakonomics

Day 26 - Wednesday, March 21st

1) Unit 2 Test

Day 25 - Tuesday, March 20th

1) Take Up Maximizing Utility Questions

2) Note: The Paradox of Utility

3) Documentary: Freakonomics

Day 24 - Monday, March 19th

1) Unit 2 Test - Wednesday, March 21st

A review sheet will be given out in class.

2) Maximizing Utility

Students will read pages 182 to 186 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 186

Day 23 - Friday, March 9th

1) Elasticity Assignment - Hand Back & Take Up

2) Video: Urban Sprinting

3) Games for Maharaj Money!

Day 22 - Thursday, March 8th

1) Debate: Should We Legalize Drugs?

2) Video: The Secret World Of Shoplifting

http://www.cbc.ca/video/#/Shows/Doc_Zone/1242299559/ID=1350039429

Day 21 - Wednesday, March 7th

1) Take Up Taxes and Illegal Goods Questions

2) CBC - Ties Between Mexico and B.C. Drug Trade

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2206685767

3) Debate: Should We Legalize Drugs?

http://debatepedia.idebate.org/en/index.php/Debate:_Legalization_of_drugs

Day 20 - Tuesday, March 6th

1) CBC - Tablet Explosion

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2205540701

2) Taxes and Markets for Illegal Goods

Today we will look at the effect of taxes on the supply and demand for goods. We will subsequently look at the markets for good that are illegal. This relates to pages 135 to 137 and 144 to 145 of a handout from the textbook. Students answered the following questions:

• Questions 1, 2, 3 & 4 on page 145

Day 19 - Monday, March 5th

1) A Labour Market With A Minimum Wage

Are minimum wages good economic policy? To answer this question, students will read pages 133 to 135 and answer the following questions:

• Question 1, 2, 3 & 5 on page 135

Day 18 - Friday, March 2nd

1) Housing Market With A Rent Ceiling

Students are to read pages 130 to 132 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 132

Day 17 - Thursday, March 1st

1) Take Up Questions From Yesterday

2) CBC Marketplace - Framed

http://www.cbc.ca/marketplace/2012/framed/

Day 16 - Wednesday, February 29th

1) Unit 1 Test - Hand Back & Take Up

2) Is The Competitive Market Fair?

Students will read pages 118 to 121 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 121

Day 15 - Tuesday, February 28th

1) Elasticity Assignment

An assignment will be given on price elasticity of demand and elasticity of supply. Be sure to show all calculations and answer in full sentences. All answers are to be typed.

Day 14 - Monday, February 27th

1) Colbert Report - Target

http://watch.thecomedynetwork.ca/the-colbert-report#clip621679

2) Resource Allocation Methods

In groups, students will look at different ways to allocate resources among members of society. The groups will then do a role play to demonstrate their methods. A handout covering pages 108 to 109 from a textbook will be given.

Day 13 - Friday, February 24th

1) Video: Eye-Wear Price Gouge

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2201282990

2) Elasticity of Supply

Students will read pages 96 to 99 and answer the following questions:

• Questions 2, 3, 4 & 5 on page 98

Day 12 - Thursday, February 23rd

1) Video: RIM and Playbook 2.0

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2200087090

http://www.youtube.com/watch?feature=player_embedded&v=oxZK2VJyqYs

http://www.youtube.com/watch?feature=player_embedded&v=pWcWJBHL3co

2) Price Elasticity of Demand

Today we will be going deeper into demand and supply by learning about the price elasticity of demand. Students will read pages 86 to 92 of a handout and answering the following questions:

• Questions 2, 4, 5 & 6 on page 92

Day 11 - Wednesday, February 22nd

1) Unit 1 Test

Day 10 - Tuesday, February 21st

1) Famous Economist Presentations

2) Unit 1 Test - Tomorrow

We will then review for tomorrow's unit 1 test.

Day 9 - Thursday, February 16th

1) Famous Economist Presentation - Due Tuesday

Day 8 - Wednesday, February 15th

1) Famous Economist Presentation

Working in pairs, students are to prepare a 5 minute presentation on one of the following economists:

• Adam Smith
• Thomas Robert Malthus
• David Ricardo
• Karl Marx
• John Maynard Keynes
• John Kenneth Galbraith
• Milton Friedman

The handout for this assignment was given in class.

Day 7 - Tuesday, February 14th

1) Economic and Political Systems

Students will read pages 30 to 37 of a handout and answer the following questions:

• Questions 1, 2, 3, 4 & 5 on page 34
• Questions 1 & 4 on page 37

Day 6 - Monday, February 13th

1) Supply and Demand - Handout / Group Activity

A handout that continues the discussion of supply and demand will be given out in class. Different real life scenarios that involve supply and demand will be looked at in groups.

2) Article - Weak Signals: The Wireless War That Wasn't

We will then read an article from The Globe and Mail about Canada's wireless communication industry.

Day 5 - Friday, February 10th

1) Note: Supply and Demand

2) Supply and Demand Activity

The class will now practice working with supply and demand graphs under different scenarios.

3) Supply and Demand Assignment

This assignment will be due on Monday, February 13th.

Day 4 - Thursday, February 9th

1) CBC's The National: Toronto Transit

http://www.cbc.ca/video/watch/News/ID=2194437547

2) Article - "All-In" Pricing

http://www.cbc.ca/news/business/story/2012/02/08/air-canada-all-in-fares.html

3) Irrational Errors

Students will read pages 35 to 37 of yesterday's handout on consumer choices.

4) Note: Supply and Demand

We will now learn about the two forces that determine the price and available quantity of any given product: supply and demand.

Day 3 - Wednesday, February 8th

1) Marketplace: Lousy Labels

2) Handout: What Does Economics Study? And Why Should You Care?

Students will read pages 9 to 14 of a handout discussing some of the history and foundations of the study of economics.

3) Note: Consumer Choices

Day 2 - Tuesday, February 7th

1) Article: Facebook

We will read an article from The Economist on Facebook and its successes and challenges.

2) Needs vs Wants

In groups, the class examined the difference between needs and wants.

3) Marketplace: Lousy Labels

We then watched an episode of CBC's Marketplace which looked at the labels on grocery products.

The episode can be watched here: http://www.cbc.ca/marketplace/2012/lousylabels/

Day 1 - Monday, February 6th

1) Note: Introduction to Economics

Welcome!

Welcome to the CIE 3M1 class site at CALC Secondary School! On this site I will provide the following:

• A daily recap of what was covered in class
• A list of assignments and their due dates
• Dates of upcoming tests

I look forward to a great 9 weeks with all of you!