Economics Assignments
A summary of what is discussed and assigned daily will be posted here. However, actual documents and PowerPoints will be posted on the Google Classroom website.

**AWESOME SAVING DEAL ALERT !!!!
If you are ready to start saving you need to check out this deal! Quail Creek Bank has SEVERAL opportunities for you to earn money off your money as a young adult and this is the best deal yet! Do it now! I am actually young enough still and I am going to do it, too! This bank actually provides us everything you'll in Personal Finance!

So here is what the deal entails: If you open a savings account, you can deposit any amount all the way up to $1000 and earn 5% interest!!!!!! This is a HUGE deal that you'll understand more in a few weeks. You will keep earning that amount until you are 30 (unless of course times get rough for the bank)!! Any amount over $1000 will earn the normal .1% interest. Please say you heard about the deal at Deer Creek High School because it'll help ensure I get the funding to keep our school's program going.

https://quailcreek.bank/linqup

5/14
We are finishing the job application, resume, and cover letter we started Friday. 

5/11
Complete the fake job application and turn it in.
We are going to discuss applications, resumes, interviews. and job benefits today. See attachment on GC. 
Students will make or perfect their resume. See my example attached on GC.

5/10
-turned in mission statement/interview
-completed the pay stub questions (attached)
-page 236-238
*bring your resume and cover letter tomorrow if you have either! =)

5/9
Your Interview/Mission Statement is due tomorrow. 

Think back on all the teachers you’ve ever had. Which one was THE very best? I know you’ve written little “thank yous” to teachers already this week, but today I want you to think bigger. Write a heartfelt thank you to that one teacher who made the biggest positive difference in your life. If you want to give it to them you can. Otherwise I will work to get it to them for you. This made so many teachers around the country/state so happy last year!

5/8
For bellwork we completed and stapled into our workbooks the Progressive Tax Budget sheet. We then discussed the W4 and I9 you fill out when you start a new job. We then looked at the W2 and 1040 forms for filing your taxes. All sheets are attached on GC.

5/7
Turn is DISC from Friday and interview/mission statement if done. Complete the bellwork (attached on GC) and staple it into chapter 11.  We are completing pages 232-233. Under goal-setting on page 235 make a goal for each area and a timeframe for which you plan to achieve that goal. 

Write the following on pg 234
Deductions: anything subtracted from your gross income (example: healthcare)
Exemptions: legal allowances that reduce the amount of income taxes subtracted from your gross income (example: children)
Remember: gross income is before taxes while net income is after taxes


5/3
Write the following on page 225. 
*free rider: one who enjoys benefits of taxes without paying for them
*fair tax theories
-ability to pay: if you can afford to pay taxes, you should pay more
-benefits received: government should tax those who receive goods & services provided through taxes (ex: toll roads) 
We completed pages 229-231.
We completed the DISC assessment paper (attached) and the online quiz. http://www.foundationsu.com/high-school/activities/disc-profile
You have homework! Create a mission statement and interview an adult (attached). 

5/2
Gambling Quiz, Coin Flip Game, pages 222-228 of the workbook

5/1
Today we talked about gambling. Tomorrow we will have a quiz first thing. PPT on GC.

4/30
We watched the video gambling: https://www.youtube.com/watch?v=auK_MteZ8Rg

4/27
Test day! Afterward we are starting the Gambling Unit with this video: https://www.youtube.com/watch?v=auK_MteZ8Rg

4/26
Turn in your workbooks for the Chapter 4 workbook check. Test tomorrow! We are reviewing today and I'm sharing some finance stuff I've gotten recently in the mail. 

4/25
Yesterday you first completed the chapter 4 case studies and wrote your answers on page 96 of the workbook. Then you were to complete pages 97-99 in the workbook (the review). Then you were to work on the study guide. Everything is on GC. 

Today you completing the matching for Consumer Credit Laws and Identity Theft and stapled them in chapter 4 of your workbook. Then we talked about minimum loan/credit card payments, online shopping, identity theft, and bankruptcy. See attachments on GC. 

Tomorrow we will talk about the case studies, have a workbook check, and review the study guide for Friday's test. 

4/23
pages 90-95-- credit score and identity theft! super important to know!

4/20
”F.E.A.R. has 2 meanings– ‘Forget everything & run’ or ‘Face everything & rise.’ The choice is yours.”
¥ Turn in The Car Cost worksheet if you didn’t yesterday.  
¥ Take the Dave Ramsey Scholarship Quiz before April 25: https://www.ramseyeducation.com/challenge/start 
¥ Register to vote! I’ll mail your registration for you! 
¥ Keep out the Comparing Credit Cards sheet. We will be doing the back today.

Add to following terms to page 91--
Credit & Credit Card Terms 
Balance transfer: paying off one credit card balance by transferring it to another credit card
Credit card solicitations: advertisements sent in the mail inviting you to apply for credit cards
Credit card inquiry: a lender’s check of your credit rating
Credit line: the maximum amount you can borrow on a credit card
Credit rating (history): a detailed record of past borrowing and credit payments 
Loan consolidation: paying off all of your current loan balances by taking out one new, large loan 

Students completed the Rent-to-Own sheet (attachment on GC). Here is a fake example:

cost per month: $75
total cost to rent: $1000
cost to buy: $850
interest: (total cost to rent-total cost to buy)/total cost to buy=%  so  (1000-850)/850= 0.176= 18%
savings: rent price-cash price= savings so 1000-850= $150


4/19
There’s a $15,000 car that you can buy today for $342.05 per month for 4 years or $219.03 for 7 years! Hooray! Answer on page 90.
You’ll make the $342.05 payment for 48 months. How much will you end up paying? *This is a 4.5% interest rate.
You’ll make the $219.13 payment for 84 months. How much will you end up paying? *This is a 6% interest rate.
Which is the better deal? Why?

We are comparing the cost of the newest model of a car of your choice vs a two year old model and completing the attachment on GC. 

Take the Dave Ramsey Scholarship Quiz before April 25: https://www.ramseyeducation.com/challenge/start 
If you owe me an old test you have until the end of the week or it remains a zero.
Register to vote! I’ll mail your registration for you! 
Vote for Mr and Ms DCHS deercreek.voting4schools.com/

4/18
Answer the following on page 89 on your workbook. Using what you know about the debt snowball, prioritize the order of the debts to be paid. 
1. A car loan with a balance a $6,000, monthly payments of $250, and an interest rate of 8.9%.
2. A bank credit card with a balance of $800, minimum monthly payments of $20, and an interest rate of 19.5%.
3. A student loan with a balance of $30,000, monthly payments of $175, and an interest rate of 6%.
4. A store credit card with a balance of $2,300, minimum monthly payments of $70, and an interest rate of 15.9%.
5. A credit union credit card with a balance of $3,500, minimum monthly payments of $110, and an interest rate of 12%.

Next: Hidden Cost of Credit (attached on GC)
Last: Comparing Credit Cards (attached on GC)
4/17
Students completed the matching for the Types of Lenders and stapled it in their workbooks. Then we talked about pages 88-89 of the workbook. Lastly students researched a Cash Advance store and asked questions regarding the business.

4/16
pages 85-89 =)
Take the Dave Ramsey Scholarship Quiz before April 25: https://www.ramseyeducation.com/challenge/start 

4/13
It was so wonderful to see you all again! If you missed, I have students a summary of what was and was not accomplished during the walkout and what teachers will continue to do to better Oklahoma's education system. 

We will get back to content on Monday.

3/30
The following people have applied for a $10,000 loan. Would you loan them the money? Explain on pg. 79.
1. Matt (age 20) started working at a local auto parts store when he graduated from high school. He had a credit card, but lost it and never got another one. He rarely used it and has no other credit. He listed his favorite teacher and his boss as references for the loan. He has a checking account with a low balance, lives at home with his parents and has no savings account. He makes a $200 monthly car payment. He wants to use the money to invest in a new business 
2. Meredith (age 18) lives at home but is planning to get married this summer. She wants to use the money to help pay for the wedding because her parents have limited funds available. She has a good job, has a good credit history, and has never been late with a payment. Her future husband is unemployed and she helps pay his bills. 
3. Al (age 25) dropped out of college to work because he got into debt with credit cards. He has been working to pay off the bills and his credit score is improving as her debt drops. He has lived in an apartment with a friend for five years, has a $25,000 loan on his truck, and makes good money working in the oil fields. He recently opened a savings account and has a retirement fund with his employer. He wants to a buy a motorcycle to reduce his gasoline payments. 
4. Rhonda (age 30) just recently bought a house and wants to borrow money to remodel it. She has a great job as an assistant to the president of a big company. She has one credit card, makes her payments on time, and has an excellent credit report. She owns a small house not far from work so she can walk every day. She bought a new car five years ago, and it is now paid off. 

We are completing pages in the workbook. Each class finished on a different page yesterday and will do so again today.

The bank vs credit union worksheet is due today.

3/29
Don’t get the bank/credit union comparison is due tomorrow!

Dealing with Deception—What to do? Answer on page 73.
1. You walk up to an ATM & a guy walks up behind you who appears to be waiting his turn. But he’s uncomfortably close—right over your shoulder—as you get ready to enter your PIN.
2. You’re at a cash register in a store & have given the clerk your credit card. She holds on to it, probably to verify your signature. But when she says she needs to grab something from the back & starts to walk away with your card in hand.
3. A caller says she’s from your credit card company & wants to offer you a higher credit limit for being such a good customer. You reply, “Great , what do I have to do?” And she tells you to give her your Social Security number for verification. 
4. You’ve found a pair of shoes at a great price on a website you just found. You start the check-out process & notice that the padlock at the bottom of your computer screen is open & that the webpage address starts with “http” instead of “https.”
5. You get an email from an online bookstore you frequently buy from. It says that the credit card on your account has expired & gives you a link to update your information. 
6. Your friend sends you an email about cool new software that lets you share music with others for free. He sends you the link to download the software, which is from a site you’ve never heard of.
7. You’re bummed out about losing in an online auction, but then you get an email stating the winner backed out & that you can have the item if you still want it & to just send your credit card information via email. 

Add to Key Terms on page 74
1. Default: failure to repay a loan
2. Assets: any items of value that you own
3. Liabilities: financial obligations
4. Securities: stocks and bonds
5. Revolving credit: the amount you have left to borrow; as long as you’re making payments and your card isn’t maxed out you can use it; limit: $1000, spent: $500, revolving credit.: $500
6. Cash advance: most expensive way to borrow money; borrow money from credit card or a company, usually a large fee
7. Title pawning aka title loan: if you have no liens on car and it’s paid off and you have the title and you need to borrow money, someone can loan you the amount the car is worth
8. Lien: the right to keep someone’s property until they pay back the debt they owe you
9. Types of loans: home, student, home equity, personal, car, refinance
10. Liquid(ity): how quick something will see without reducing its value
11. Equity: market value of home

We are completing pages 73-78.

3/28
Test day! If you were absent you have one week to make it up. As always schedule a time with me. 

3/27
We reviewed for your test which is tomorrow! =)

3/26
Chapter 3 workbook check. Complete the study guide. Test Wednesday. 

3/15
Answer the following on page 66 of your workbook. 
What is a deposit slip used for?
When should you reconcile/balance your account?
 What kind of information is included in your checkbook register?
What is the memo line on your check used for?
Is it okay to write a hot check?

We viewed the budget chart, sample budget, and savings/budgeting phone apps. Then we completed the Calculating Your Networth sheet. You then had the choice of finishing the Ch 3 workbook review or completing the study guide. 

3/14
Answer the Chapter 3 Case Studies (on GC) on page 64-65 of your workbook. We are learning how to keep a zero-based budget by completing the worksheet on GC. Please check gradebook to ensure you have turned everything in.

3/13
The Department of Agriculture estimated that the average middle-income family will spend $245,340 to raise a kid born in 2013 until he or she is 18. Back in 1960 it cost $25,229 ($198,560 in 2013 dollars). 

We completed the checkbook register bellwork practice and we learned how to balance a checkbook by comparing it to our bank statement (see attachments on GC).

3/12
We competed the attached bellwork on GC and then completed pages 48-65 in the workbooks. 

3/9
We again practiced check-writing, register-checking, and deposit slip-writing. See attachment. We wrote little thank yous to Quail Creek Bank and we wrote letters to Congress people telling them why teachers' pay should be raised (this will voluntary but appreciated).

3/8
Students completed the attachment on GC regarding how to write checks and how to fill out a check register. We also discussed the PPT on GC. 

3/7
Today we talked about the difference between saving and investing, the types of accounts that make you more interest, and the factors that affect when/how people save and invest. View the PPT below.

3/6
Write these down in page 50 of your workbook.

1. check: the paper version of cash that is connected to your bank account
2. “debit an account:” to withdrawal money out of your account
3. “credit an account:” to deposit money into your account
4. debit card: the plastic version of cash that is connected to your bank account
5. credit card: the plastic version of borrowed money
6. to void: to cancel a transaction
7. endorse a check : to sign it
8. deposit ticket/slip: the form you fill out to deposit money/checks into your account
9. account number: the identification number for your checking account
10. check stub: the paper that comes with your pay check that states how much you worked, how much you made before taxes, and how much you made after taxes
11. check register: the booklet where you right down all of your transactions—where you spent money, how much, when, when you deposited money, how much, when, etc. 

I started talking about investing options today and I will finish tomorrow. At that time I will post the PowerPoint for you to  reference. 

3/5
We are completing pages 42 & 43 together, answering Chapter 2 Summary on our own, & completing the Case Studies on our own, writing our answers on pages 42 & 43, and turning in the Ch 2 workbooks.**There were extra vocab terms you wrote down, 2 bellworks, the compound interest example, and the case studies that should all be answered in the workbooks.

2/29
We are completing both attachments on GC practicing compound interest.

2/28
The Rule of 72– Answer on page 39.
You can see how long it’ll take you to double your money simply by dividing 72 by the interest rate. For example you get $200 and you want to see how long it’ll take to grow to $400 in an account with 6% interest. 
72/6%= 12 years
What if you want that $200 to grow to $400 in 4 years? What interest rate do you need?
72/4 years= 18%
1. What interest rate would be necessary to double a $100 investment in 24 years?
2. How many years would it take to double $100 if it earned interest at a rate of 8% per year?
3. What interest rate would be necessary to double a $100 investment in 11 years?
4. How many years would it take to double $100 if it earned 7.75% interest per year?

We are completing pages 39-43.

2/27
Answer on pg 35. View the attached chart on GC to answer the questions.
1. Go online. What is the current US saving rate. Is it higher or lower than 4% (from 2012)? What might have caused this increase or decrease in saving behavior. 
2. Compared to these other countries how good or bad are we at saving?
3. What factors should determine how much a household saves?

We completed pages 35-38 and then students completed the Sinking Fund attachment on GC. 

2/26
Today we completed pages 28-34. Copy the following terms on page 30 on your workbook. 
Inflation: increase of price of goods and services (example: 3% inflation-- $100 this year is worth $97 next year)
Investing: saving money in accounts that also earn interest
Principal: original amount deposited or invested
Simple interest: calculated in principal only 
Liquid(ity): how fast you can get money for something without that something loosing its value
Annually: one time per year
Semi-annually: every 6 months
Quarterly: every 3 months

2/23
Test day! If you were gone with you one week to make it up. Remember to schedule it with me in advance.

2/20
We are reviewing the study guide that your received on Thursday for tomorrow's test.

2/15
First we are completing the 0% Interest for 24 months worksheet. Then we are completing the chapter 7 case studies and finally you will be receiving the study guide for the next test which will be next Wednesday. Everything is attached on GC.

2/14
Bellwork:
•You go to the store and the original price of an item is $29.99.
1.If the item was on sale and the sale was 15% what would the new price be?
2.If the item was an additional 20% off of the sale price what would the new price be?
•You go to the store and the original price of an item is $179.99.
1.If the item was on sale and the sale was 25% what would the new price be?
2.If the item was an additional 20% off of the sale price what would the new price be?

​Ch 7 Summary​
•Page 156– Build on what you’ve learned
•Page 157– Take Action
•Page 158-159 All of it.
•3 bellworks  this chapter (2/12, 2/13, 2/14)
•Make sure all of Ch 7 is done before bringing it to me.

2/13
Answer the following questions on page 145. 
1. What is something that you really, really want?
2. How must does it cost?
3. Do find a website where you can find it at a discounted price or an off-brand version of it.
4. How much would you save from that other website or the off-brand?
*We are completing pages 149-153 today. 

2/12
Bring me your workbook if you didn’t show me the finished Ch 6 pages and summary. Answer the following on page 144 and see photos for bellwork on GC.
1. How are we being advertised to by Ashton Kutcher’s character on Two and a Half Men?
2. How are we being advertised to by Justin Bieber?

We are discussing and filling out pages 142-148 today.

2/9
Answer the following in Ch 6.
List the steps in making a decision using the acronym. 
What is opportunity cost?
What is the opportunity cost of going to a movie instead of going to the mall?
What are some opportunity costs of those small, daily purchases?
How do you enjoy small purchases while also making smart saving decisions?

We also completed the Ch 6 Case Studies.

Ch 6 Summary
Page 138- follow the directions
Page 139- follow the directions on Take Action Challenge; Don’t do the Big Ideas
Page 140-141- Do it like always

Make sure all of Ch 6 in the workbook is done and you’ve completed all the bellworks (5) inside, too, and then bring me your workbook.

I forgot to post this bellwork last week!

What is a better deal on a $50 item: 45% off the original price or 30% off and additional 20% off at the register?
What is the price per item if you purchase an $8.99 product at “Buy 2, get 1 free?
Why do stores offer sales such a buy 1, get 1 at half or buy 2, get 1 free?
What do you have to be cautious of before purchasing anything that is on sale?

2/8
We completed a bellwork, we learned about the PACED Decision-Making Model, we practiced together, and then students tried one on their own and turned that one in. See all attachments on GC.
2/7
We finished Living on One Dollar Then  students answered these on their grateful sheet and turned it in.

1. What surprised you about the way these Mayan-Guatemalan live each day?
2. What are 3 ways you can do better by saving and spending right now?
3. After watching the documentary, what are two things you grateful are about in your life?

After finishing this sheet you should either have 10 gratefuls if you are writing on your original or you should have 5 gratefuls if you started a new sheet. 

2/6
We watched Living on One Dollar. We will finish it tomorrow. 

2/5
Turn in the Commercial Viewer worksheet. Complete the survey. Complete the Food for Thought sheet. You can use the internet for most of it. You might need to go visit a grocery store though.

2/2
We are talking about pages 135-136 today. Budgets are also due. Then we are looking about ad techniques, determining with commercials are using which techniques and then students will finish the rest of the worksheet over the weekend while they watch tv about commercials they see. 

View the following commercials, determine which technique is being used from the worksheet and write down the name of that commercial beside the technique. 
1. Doritos https://www.youtube.com/watch?v=bptmb0Ygmus
2. Michael Jordan https://www.youtube.com/watch?v=b0AGiq9j_Ak 
3. Kitkat https://www.youtube.com/watch?v=UOGTsKLZofA
4. OJ https://www.youtube.com/watch?v=6z_VpVaPLWs 
5. Atomic Bomb https://www.youtube.com/watch?v=dDTBnsqxZ3k  
6. Simpsons https://gfycat.com/ShockedHighGerenuk 
7. Tesco https://www.youtube.com/watch?v=kgImshSejQo
8. Coca Cola http://www.dailymotion.com/video/x30f5d4  
9. Michigan https://www.youtube.com/watch?time_continue=17&v=OWzJFiAbi98

2/1
We completed workbook pages 135. 
Go online and answer the following in your workbook.
What is a pyramid scheme (Put it in words that make sense to you)?
What are 2 examples of possible pyramid schemes?

https://www.youtube.com/watch?v=W1Q3Fx9nWOk
https://www.youtube.com/watch?v=V_ZJDGgk6_E

1/31
page 133-134 =)

1/30
After this Friday I will not take any late work from Chapter 5. 
Update your budgets. 
Complete the questions below on page 130.
How important is it to have cool clothes?
Who is the most influential on what you consider to be cool?
What makes a certain style of clothing cool?
What is the cost of “cool?”
Explain the relationship between spending practices and achieving financial goals.

surplus: extra money
deficit: in debt

workbooks 130-132

1/29
Finish up the Ch 1 workbook summary if you didn't on Friday and get it to me. Complete the Ch 1 Case studies, too. We read over pages 126-129. Add the following two words to the key terms.
inflation: price increases
deflation: price decreases

1/26
Budgets start today! We are completing pages 22 and 23 together in the workbooks. You are going to complete the Ch 1 summary. Follow the directions below. Then we are going to "play" the Game of Chance. 

Pg 24: write out the entirety of each of the 7 components. These are on one page on the workbook. You don’t need to do the Big Ideas, just read them
Page 25: On income write out how much you make or get from parents and how often; On expenses write out what you pay for from that money and how often, On assets write out what YOU own of value and how much it’s worth
Page 26-27: Complete it ALL. Remember on the illustrations you can either draw a picture or explain the words.

1/25
Answer the following on page 18. 
What is the financial reality of American families?
Why is learning to manage money now important?
Look at the bottom of page 18. What is your money personality?
We discussed pages 14-21.

Today students were given their budget sheets to start tomorrow. Today they needed to figure out what their budget amount is going to be for the next week. 

1/24
Bellwork: Go online and look up what each of these do and why they were put into place and write them somewhere in Chapter 1 of your workbook. 
Federal Deposit Insurance Corporation (FDIC)
Home Owners Loan Corporation (HOLC)
Federal Housing Authority (FHA)
Electric Home and Farm Authority (EHFA)

After discussing bellwork students watch a Dave Ramsey video that filled in blanks on pages 16 and 19. We will discuss them tomorrow. 

1/23
We started Chapter 1 today, pages 9-14 in the workbook.
Add the following to the Ch 1 key terms:
asset-- an item you own
liability- an item that you're still making payments on
add this to the credit definition: "to credit your account" means money is going into your account (yay!)

1/22
Test day! Absent students have one week to retake it and must schedule with me a time to come in.

1/19
We reviewed the study guide for Monday's test and then looked at the cost of living in different states along with the cost of living on campus vs off campus. 

1/18
We completed the Post High School Budget worksheet and the case study about Ethan. Students were also given their study guides for the test on Monday. 

1/17
Finish your college chart from yesterday! =)

1/16
Students completed the case studies and turned it in. Students started the College Chart and will have tomorrow to continue working on it. 

1/12

*Don't forget about the second parent interview due Tuesday!

Complete pages 122-125.
On page 122, after you define the words, simply read the Big Ideas statements.
On page 123, determine your options after graduation. If you only have one option right now determine your possible back-up plan!
On page 124, if you can’t draw well just describe the words they want you know. 
On page 125, follow the directions. 
Bring it to me when you are done and complete the next assignment which is small and easy. =)

Letter to Your Future Self
How do you envision your life in five years? Write a letter to your future self detailing what you want your life to be like in the following categories: standard of living (how much have you saved? Do you have credit cards, student loans, card debt?), career, education level, family and the types of activities in which you are involved. Your letter to you needs to be at least a full page.

Standard of living=the degree of wealth and material comfort available to a person or community

1/11
We are completing pages 118-121. You have another interview for your parentals. It is due Monday.

Interview your parents! Learn roughly how much they spend on you each month! Do you want to maintain the lifestyle they’ve provided you? It’s about time to learn just how wonderful they are to you!
Some items I have seen on student lists are:

Food clothes school activities
Allowance gas medicine
car insurance         car payment cellphone payment
Health insurance mortgage/rent
Household utilities (divided by how many people live in the house)

1/10
We completed pages 112-117. Lots of information life info!

 1/9
Today we completed in the workbook and discussed pages 106-111. Students should be proactive and be working on scholarships and saving money outside of class. 

 1/8
-turn in your parent interview
-add to your grateful sheet
-we completed and discussed 104-105 of our workbook

1/5
-grateful bellwork
-read and discussed pages 100-104 of our workbooks
-parent interviws due mMonday
-get those FAFSA forms done!

1/4
Write down another something you're grateful for on your bellwork sheet. =) Pre-Test day!!! If you were gone you'll need to make it up on your own time please. Don't forget those parent interview sheets are due on Monday! 

1/3
Welcome! Most of you I had last semester but a few of you I didn't. If you weren't mine last semester don't forget to read the syllabus, get that sheet signed by your parentals/guardians, and answer the questions about yourself. 

Everyone did the following. If you were absent, please do it. =)
1. Get out two clean sheets of paper.
2. Go online and find a inspirational quote that you feel could benefit you and your peers this semester. Write it on both sheets. 
3. On one of the sheets after the following question. Reflecting on your work ethic, behavior, attitude, etc. from last 4. semester, what are some things you can do better? Turn in this sheet.
5. On the second sheet title it “I’m grateful for” then write down one thing you are grateful for. You will keep this is in your class binder and write something different each day. This will serve as a reminder to us on those bad days they we have a lot to be grateful for. =)