August 22

1. Economics
Mr. Haderlein

2. Agenda
• Class Overview
• Quiz
• HOMEWORK
– Review and Print Powerpoint
– Complete reading…Economics and People

3. Course Overview
PRESENTATION OF INFORMATION
• Text Book - NONE
– Naked Economics
– Lots of articles and assigned reading
• More current events than text book reading
• Application of what you’re learning
• Lectures
• Powerpoints
• Video & movies

4. Course Overview (cont.)
Powerpoints introduce the concepts
Lectures explain the concepts
Readings, videos, movies apply the concepts

5. Course Overview (cont.)
Powerpoints introduce the concepts
Lectures explain the concepts
Readings, videos, movies apply the concepts
So if you don’t review and print the
powerpoints before class, success is not likely

6. Course Overview (cont.)
Lectures explain the concepts
not enough class time to write down all the
information contained in the powerpoints

7. Course Overview (cont.)
Organized around six themes or modules
1. What is Economics?
2. Supply and Demand
3. Money and Banking
4. GDP & Economic Challenges
5. Macroeconomic Policy
6. Globalization
PLUS a SPECIAL BONUS – Person Finance

8. Course Overview (cont.)
• Grades
– Six tests 50%
– Quizzes 10%
– Writing assignments on the reading 10%
– Final 20%
– Student Company 10%
– Class Participation 5%
Deemphasize tests, emphasize quizzes,
writing assignments, and class participation

9. Additional Class
Materials
• Multi-Colored pens (or pen)
• One inch three ring binder

10. Laptops, kindles, iPads, etc.
Yes, you can use them.

11. • Class Rules
– Be on time
– Pay attention
– Be prepared
– Cellphones….wait until 3 minute break within
class
• Comments
• You are responsible to monitor your grade
• You are responsible to seek help (e-mail is
best way to contact me)

12. Don’t be this guy.
Pay attention.

13. Being Prepared
• Do the reading
– Assigned
– Posted on Facebook
• Print and Review the Powerpoint
before class

14. Accessing Powerpoints &
Reading Assignments
1. Powerpoints and Current Reading
found on Facebook
2. La Salle HS Economics
3. “Like” the page

15. Printing Powerpoints
• You are expected to print the
Powerpoints BEFORE class
– And bring it to class!
– Life is much easier if you have the
powerpoints
• Here’s how…

16. Absences
You are responsible for…
– Reviewing the powerpoint.
– Getting the homework assignment,
reading assignment.

17. Absences (continued)
Tests…
• You need will make-up the test at detention when you return.
• You get a ZERO* if you have not made arrangements to make-
up the test and I return the tests.
• E-mail is the best way to make arrangements to take the test.
• Extra Credit is given to the class if everyone takes the
test on test day. Don’t be absent.
*YES…a ZERO

18. Drinks, food, and gum

19. Quiz
• Economics is….

20. • Economics is….
– The study of human behavior. How
people allocate resources to produce
goods and services to satisfy needs and
wants

21. • Economics is….
– The study of human behavior. How
people allocate limited resources to
produce goods and services to satisfy
unlimited needs and wants.
» Remember…resources are always scarce

22. Economics is…

23. Economics is…
like dentistry. It’s useful but
sometimes it’s a bit painful.

24. Economics and Cinderella
Is the Cinderella’s step-mom really wicked
or just logical?
Did she efficiently allocate her limited
resource of parenting to the daughters
most likely to snag the prince and
therefore get her a great retirement?

25. Homework
• Print and review powerpoint for next class
• Read “The X Factor of Economics: People”

26. Handouts