Ed Jones Educational Center

121 W. Allen Avenue, San Dimas, Ca. 91773   |  Phone: 909-971-8240  |  Fax: 909-971-8248

Credit 5

Learning Standard 12.1

Students understand common economic terms and concepts and economic reasoning.

12e.1.1

Examine the causal relationship between scarcity and the need for choices.

12e.1.2

Explain opportunity cost and marginal benefit and marginal cost.

12e.1.3

Identify the difference between monetary and nonmonetary incentives and how changes in incentives cause changes in behavior.

12e.1.4

Evaluate the role of private property as an incentive in conserving and improving scarce resources, including renewable and nonrenewable natural resources.

12e.1.5

Analyze the role of a market economy in establishing and preserving political and personal liberty (e.g., through the works of Adam Smith).

Textbook Assignments

Choose any of the following to supplement assignments done in class:

Chapters 16-20

(Please Write out all Questions when doing Section and Chapter Reviews!!)

Section reviews are worth 2 assignments

Chapters reviews are worth 3 assignments

Chapter 16 review pg. 462, chapter 17 review pg 488, chapter 18 review pg. 516, chapter 19 review pg. 539, or chapter 20 pg. 564.
 
Students must complete:  Identifying key terms, Reviewing Facts, Thinking Critically, Applying Economic Concepts, and Math Practice

Mandatory Assignment

Students must complete 2 of the following:

 

Visual: Create a visual discussing in the difference between short-term and long-term interest rates, and explain their relative significance. In other words define what short-term and long term interest rates are, and then discuss their similarities and differences. A Venn diagram may be used for this project. Click HERE to see an example of how to set up a Venn diagram.    

 

Create a chart or poster that identifies what the U.S. exports to other countries, and then what the U.S. imports from other countries.

 

Create chart displaying the foreign exchange rates, and the effects of the dollar's gaining (or losing) value relative to other currencies. The chart can be found on the internet by searching "currency calculators" using Yahoo or Google search engines.