Economics

14/5/2015

This week’s objectives:

Describe the evolution of money.

Identify the characteristics of money.

Define and calculate GDP.

Link Egyptian current events to economic concepts through project.

In class activity:

Thursday 14/5/2015:

Project presentations.

Chapter six quiz.

Heads up:

Please find below the semester exam outline;

Semester Two Exam Outline

Grade 12

Student is responsible to study the following topics;

 

 

Unit 2: Market Economies at Work

Chapter 5 Supply

• Section 1: What is Supply?
• Section 2: What are the costs of production?
• Section 3: What factors affecting supply?
• Section 4: What is elasticity of supply?

 

Chapter 6 Demand, Supply and Prices

• Section 1: Seeking equilibrium: supply and demand.
• Section 2: Prices as signals and incentives.
• Section 3: Intervention in the Price System.

 

Chapter 7 Market Structures

• Section 1: What is perfect competition?
• Section 2: The impact of monopoly.
• Section 3: Other market structures.

 

Chapter 10 Money and Banking

• Section 1: Money: Its functions and properties.

 

Chapter 12 Economic Indicators and Measurements

• Section 1: Gross Domestic Product and other indicators.

Student is to study from;

• Notes based on ppts.
• Book
• Homework assignments.
• Quizzes
• Tests
• Worksheets

Best of luck!

 

_______________________________________________________ 7/5/2015

This week’s objectives:

Assess students’ understanding of chapter 6.

Analyze and understand the pricing system in a monopolistic competition.

Identify the characteristics of a competitive market, oligopoly and cartels.

In class activity:

Tuesday 5/5/2015:

Fill in graphic organizer.

Pop Quiz.

Thursday 7/5/2015:

Chapter Six Test.

Assignments:

Chapter 7 Section 3 Review (1-5) (7-10)

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30/4/2015

This week’s objectives:

Assess chapter Six concepts.

Introduce the different types of market structures.

Identify the characteristics of the Perfectly Competitive Market.

In Class Activity:

Chapter six quiz.

Chapter six pop quiz.

Assignment:

Housing Bubble article.

Price Competition Work Sheet.

Upcoming:

Chapter Six Test on Thursday, May the 7th.

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16/4/2015

Welcome Back!

This week’s objectives:

Discuss the loan system.

Review Chapter Six.

In class activity:

Thursday 16/4/2015:

Chapter six worksheets.

Assignments:

Study Chapter Six to prepare for a quiz and test.

Reminders:

School Carnival has been postponed to the 9^th of May.

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3/4/2015

This week’s objectives:

Understand how governments can intervene in the pricing system by setting price floors and price ceilings.

Review on chapter six concepts.

In class activity:

Tuesday 31/3/2015:

Read, analyze, discuss and answer Price Floors (Agricultural Products) and Price Ceilings (Rental Control) Case Studies.

Thursday 2/4/2015:

Chapter six worksheets.

Assignments:

Have a fantastic Spring Break!!

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26/3/2015

This week’s objectives:

Assess students’ understanding of chapter 6 Section 1.

Analyze and understand the pricing system in a competitive market.

In class activity:

Tuesday 24/3/2015:

Chapter Six Section One Review.

Thursday 26/3/2015:

Price Branding Activity.

Price characteristics graphic organizer.

Prices as incentives for producers and consumers comic strip.

Assignments:

Study Chapter Six Section One and Two.

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20/3/2015

This week’s objectives:

Assess students’ understanding of chapter 5 Supply.

Explore market equilibrium and see how it is reached.

Explain how demand and supply interact to determine equilibrium price.

Analyze what causes surplus, shortage and disequilibrium.

Identify how changes to demand and supply affect the equilibrium price.

In class activity:

Tuesday 17/3/2015:

Market Equilibrium in class worksheets.

Thursday 19/3/2015:

Chapter 5 Test.

Assignments:

Market Equilibrium Worksheet.

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15/3/2015

This week’s objectives:

Introduce and discuss Global Money Week.

Highlight of the week:

• Trip to Bank Misr Downtown branch and Money Museum.
• Trip to Egyptian Stock Market.

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8/3/2015

This week’s objectives:

Calculate and analyze Marginal Revenue, Total Revenue and Profit.

Determine Break-even point as well as profit-maximizing profit.

Practice speech giving skills.

This week’s terminology:

Marginal Revenue.

Total Revenue.

Total Profit.

Break-even point.

Profit-maximizing output.

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1/3/2015

This week’s objectives:

Calculate and analyze costs of production.

This week’s terminology:

Total Costs.

Fixed Costs.

Variable Costs.

Marginal Costs.

Economies of Scale.

Assignments and Due Dates:

Chapter Five Section Two (1-5)(7-10) pg 145

Essay on the 1973 Oil Embargo.

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19/2/2015

Economics

This week’s objectives:

This week’s terminology;

Elasticity

Elastic Supply

Inelastic Supply

Productivity

Total Product

Marginal Product

Increasing Marginal Returns

Diminishing Marginal Returns

Negative Marginal Returns

Assignments and Due dates:

Due on Thursday 19^th of February;

Chapter Five Section Four Assessment, Pg. 157 (1-5) (7-10)

Due on Tuesday 24^th of February;

Reading Study Guide work sheet pg 65,66,67

Reminder:

• Check Economics Resources page for Elasticity and Making Production Decisions Powerpoints. (Sub-page under Economics)
• Trip to “El Ghad El Moshreq Mental Disability Iunstitution” next

________________________________________________________________________________22/1/2015

Economics

This week’s objectives:

1) Review over:

• Chapter One
• Section One and Two.
• Section Three and Four

2) Understanding the law of Supply.

3) Differentiating between Supply and Quantity Supplied.

4) Applying information from a Supply Curve to a Supply Schedule.

5) Analyzing determinants of demand and their effect on supply curves.

This week’s terminology;

Supply

Quantity Supplied

Supply Schedule

Supply Curve

Positive Slope

Determinants of Supply

Assignments and Due dates:

Due on Tuesday 27^th  of January;

Review over chapter two concepts.

Reminder:

Check Economics Resources page. (Sub-page under Economics)

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15/1/2015

This week’s objectives:

1) Review over:

• Elasticity of demand.
• The difference between elastic and inelastic demand.

2) Understanding unit elasticity.

3) Determine how total revenue is used to identify elasticity.

This week’s terminology;

Elasticity.

Elastic./ Inelastic demand.

Unit elasticity

Assignments and Due dates:

Due on Tuesday January, 20th 

Review over chapter one concepts.

Here are the links I promised you guys;

Ultimate Research Assistant.

Cite this for me.

Plagiarism tracker.

.

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18/12/2014

My dear Economics students;

This week I missed teaching you.

On Tuesday we had the Christmas Concert and Thursday the Christmas Party. However, I posted below the “material covered” to start familiarizing yourselves with what is covered in the Semester Exam.

Semester One Exam Outline

Grade 11 & 12

Student is responsible to study the following topics;

 

Unit 1: Economics and Choice

Chapter 1 The Economic Way of Thinking

• Section 1: Scarcity: The Basic Economic Problem
• Section 2: Economic Choice Today: Opportunity Cost
• Section 3: Analyzing Production Possibilities
• Section 4: The Economist’s Toolbox

Chapter 2 Economic Systems;

• Section 1: Introduction to Economic Systems
• Section 2: Command Economies
• Section 3: Market Economies
• Section 4: Modern Economies in a Global Age

Unit 2: Market Economies at Work

Chapter 4 Demand

• Section 1: What is Demand?
• Section 2: What Factors Affect Demand?
• Section 3: What is elasticity of Demand?

Student is to study from;

• Notes based on ppts.
• Homework assignments.
• Quizzes
• Tests

Best of luck!

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11/12/2014

My dear Economics students;

This week’s objectives:

Define elasticity of demand.

Identify the difference between elastic and inelastic demand.

Define unit elastic.

Determine how total revenue is used to identify elasticity.

This week’s terminology;

Elasticity.

Elastic./ Inelastic demand.

Unit elasticity

Assignments and Due dates:

Due on Thursday the  11^th of November;

E-math activity worksheet

.

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4/12/2014

My dear Economics students;

This week’s objectives:

Exploring the impact of economic systems on the personal lives of citizens.

This week’s terminology;

Acquisition.

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27/11/2014

Dear Economics’ Class;

This week we further discussed the determinants of demand and their impact on the demand curve using the “Economics Museum” activity. It was delightful seeing you in action J

Remember;

A change in price causes a movement along the curve.

A change in any other factor affecting demand will cause a shift of the entire curve either to the right to indicate an increase or to the left to indicate a decrease.

Assignments;

Study Demand Section One and Two.

Happy Thanksgiving!

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20/11/2014

My talented Economics students;

It is always a pleasure seeing you guys, interact, think and create in class. It was a pleasure seeing your efforts trying to present, explain and illustrate the substitution effect and income effect to each other. None the less, your acting capabilities are truly entertaining in your quick attempt to act out the six determinants of demand and how they affect the demand for a certain commodity. I will forever carry Fawzy, Faiza and Mme. Nazeefa in my memory J

This week’s terminology;

• Demand.
• Quantity demanded.
• Law of demand.
• Diminishing Marginal Utility.
• Substitute effect.
• Income effect.
• Consumer tastes and preferences.
• Consumer expectations.
• Market size.
• Complementary goods.
• Substitute goods.
• Income.

Assignments and Due dates:

Due on Thursday the 20^th of November;

Chapter Four Section 1 Assessment 1,3,5,10 .

Due on Tuesday the 25^th of November;

Demand work sheet.

Section 2 Assessment 1b,2,3,4.

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13/11/2014

My dear Economics’ students;

This week I enjoyed your “evidence of globalization in Egypt” presentations, from education to music you covered a huge, interesting of our everlasting changing world. I would also like to applaud your ability to assess your peers and accept criticism yourself.

You were also subjected to the following terms;

• Law of demand.
• Demand curve.

Resources covered in class:

Demand PowerPoint.

Chapter 2 Free Enterprise system Quiz.

Section 1: What is Demand Reading study guide.

Assignments and due dates:

Deadline  Tuesday 11^th of November:

Evidence of globalization in Egypt individual presentations, see attached rubric.

Coming up: Chapter Four Section One quiz on Thursday the 20^th.

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6/11/2014

Dear Future Economists;

This week we started discussing the “Mixed Economies” as well as trends in global economies. You were subjected to the following terms;

• Nationalization
• Privatization
• Global Economy.
• Loss of identity.

Resources covered in class:

Article: Modern humans have created many thousands of distinct cultures. So what will it mean if globalization turns us into one giant, homogenous world culture? (Article attached)

Documentary: Children of Heaven Academy Award winning documentary.

Assignments and due dates:

Deadline Tuesday 4^th of November:

Questions number 1,2,3,4,5,7,9,10 in the Section Three Assessment page 57.

Deadline  Thursday 6^th of November:

Questions number 1,2,3,4 in the Section Four Assessment page 63.

Evidence of globalization in Egypt individual presentations, see attached rubric.

Coming up: Section three quiz on Tuesday the 11^th.

Find Attached:

Oral Presentation Rubric Modern humans have created many thousands of distinct cultures

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30/10/2014

Dear Economics’ students,

This week’s highlights:

Your debate this week regarding Capitalism and Communism deserves to be recognized and applauded. I especially want to thank the students who exerted an extra effort in researching and backing their arguments with relevant facts and statistics. Hopefully, throughout the course of the year we will be able to conduct more debates where you can sharpen your already blooming skills.

Another highlight of the week was your persuasive essay regarding once again the different economic systems, Command and Free market. I cannot stress enough the importance of tweaking your writing skills to excel in this course and many others. Please take the comments I wrote on your individual essays into consideration when you are later assigned different essays to write.

We have also covered the Circular Flow Diagram and we differentiated between the Products and Resource market.

Assignments of the week:

Deadline 27^th of October:

1) Write an argumentative essay regarding Communism or Capitalism (whichever you were assigned)

2) Prepare for debate.

Deadline 4^th of November:

1) Section 3 assessment numbers 1,2,3,4,5,7,9,10 .

2) Prepare for section quiz.

3)Complete the “L”section in the K-W-L chart.

4)Complete your notebooks.

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23/10/2014

Dear future economists,

This week we took more of a historical turn in our “Economic Systems” topic by discussing the Berlin Wall that divided Communist and Capitalist Germany. Your feedback and comments enriched what is, in my opinion, a very interesting topic as it is. The week ended by exploring the Free market system applied by capitalist nations with a close look at the product resource market.

This week’s assignment’s;

Due on Thursday the 23^rd :

Section 2 Assessment on page 47.

Due on Tuesday the 28^th :

Essay supporting the economic system you were assigned in class. If you wish to send a draft to be reviewed by me, please do so by Sunday.

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15/10/2014

Dear Economic students,

This week we continue to tour around world economic systems.  We started off by reviewing traditional economics, then we dug deep into command and we will end the week by discussing free market economies.

Please remember your speech homework where you are requested to write a letter/speech to the manager of an industry during the time of Karl Marx explaining the oppressive working conditions.

Best of luck for those of you who are taking part in the MUN extracurricular activity!

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1/10/2014

Dear Economics students,

This week we had our first test, check E-connect for your grades .

Tomorrow we will start discussing types of economic systems starting off with the traditional system  moving up to the free market system.

Note that you can show up to school tomorrow out of uniform.

Have a great Eid break!

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23/9/2014

Dear students;

This week we went over the entire Economics course so far and then we took our second pop quiz.

We also discussed the difference between positive and normative Economics in addition to introducing Adam Smith’s theories. The symbols drawn by you about his ideas are a pleasure to look at.

On Thursday we will start our discussion about the different types of economic systems.

Remember to answer Questions 7 and 9 on page 31 as well as the work sheet “The Economic Tool Box” for Thursday.

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My dear Economics students;

This week we explored the law of increasing opportunity cost and the effect of change of resources on the production possibility curves.

We also covered the economic tools of tables, charts and graphs in addition to differentiating between the micro and macro branches of economics.

Your assignment for this week is the Section 3 Assessment and Critical thinking questions as well as question 8 from the Section 4 Assessment.

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 Dear students,

This week we covered the following terms;

wants,

needs,

goods,

services,

resources,

scarcity,

economic decision making,

trade offs and

opportunity costs.

Please be reminded that Thursday the 11th your presentations are due regarding the electricity problem in Egypt.

Please expect a quiz on this week’s material next week.

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Course Outline 2014-2015

 

 

Course Title: Economics                                                        Teacher: Ms.Noura Salama

About the teacher:

I, Noura Salama, will have the pleasure of teaching Business Administration to group B for this academic year. I am a graduate of the Faculty of Economics and Political Science majoring in Economics. This will be my sixth year teaching.Currently, I am working on acquiring my Master’s degree in education from The College of New Jersey to be completed by the year 2015-2016. I hope this year would be a memorable, fruitful year for all parties involved in which I can transfer my passion for this subject to my students.

 

Course Description:

This course is designed to provide students with an introductory understanding of modern micro and macro economic theory. By the end of the year students will be expected to correctly identify economic structures, apply an economic frame to modern phenomena, and to understand the main debates currently held on Egyptian economic policies.

Students would also be able to recognize major economic indicators such as GDP, inflation, unemployment and relate them to daily events.

Moreover, students would be able to plot economic curves, draw graphs, link indicators to any economy and understand the implication of political decisions on the country’s economy.

Grading:

• 15% Class participation, attendance
• 20% Assignments
• 15%Tests
• 15% Projects
• 20% Quizzes
• 20% Exams ( two semester exams)

 

Student Behavior and Expectations:

• Students are expected to come to class prepared with the textbook, notebook, calculator and writing supplies. Lack of any of the supplies would result in deduction of participation grades.
• Quizzes will be given weekly to evaluate students’ understanding of covered material. Quizzes may be announced or unannounced.
• Tests will be given at the end of every chapter covering material discussed in class in addition to notes, quizzes and assignments. A notice of a test will be given a week in advance.
• Student is responsible for writing notes in class and maintaining a neat and complete notebook. Failure to do so would result in deduction of participation grades.
• Cheating, including copying homework, will not be tolerated and would result in an immediate zero on the quiz/test/exam/homework.
• Student is required to complete homework assignments as they would help student in studying. All unexcused late work will receive a zero.
• Student is responsible for getting all missed work and assignments for the days he/she were absent. All missed work should be submitted the next day back with a written excuse authorized by the school supervisor.
• Eating is prohibited in class.
• Students are required to be on class on time, failure to do so would result in grade deductions.
• Student is required to do his/her own original work. Plagiarism will result in a zero.
• Students are expected to communicate in class using only English.
• Participation in class is highly recommended and does affect one’s grade.

 

 

Contact Information:

Students and parents can reach me at any time through my email     nourasalama@gpschool-eg.com.

I also will be posting updates, news and reminders on the grades nine and ten blogs on the Economics page.