Economics Unit III


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Unit Reviews
PPT or Text

Class Home Page

Possible Essay Questions

Mutual Fund Project

e-mail Dr. Swanson

 

 

Unit Schedule

Date Due

Pages

Key Concepts

3/29
Bring Book to Class

185-188

  • advantages of sole proprietorship like easy startup, few regulations, full control of the business and sole beneficiary of the profit
  • disadvantages of sole proprietorship like personal liability, limited access to resources, and  business permanence

4/1

195-200

  • advantages of corporations  are  limited liability for owners, transferable ownership and long life
  • disadvantages of corporations are expense and difficulty of start-up, taxation, possible loss of control by founders and more legal requirements and regulations
4/2-4/11
No School - Spring Break

4/13

211-217

  • economic trends effecting the labor force
  • changes in the labor force due  to  education,  expanding labor force and the addition of temporary workers

4/15
Bring Book to Class

228-234

  • rise of labor unions and how unions enforce their power
  • interaction between labor and management
4/16
Transportation, Food and Entertainment Research Due

4/20

250-256

  • history and development of American banking
  • Federal Reserve System serving as the first “central bank”

4/23
Bring Book to Class

271-275

  • the role of banks and savings
  • risks and benefits of investing money
4/27-4/29
STAR Testing
5/4
Bring Book to Class
285-292
  • differences between the Nasdaq, Dow, S&P 500, and OTC markets
  • factors that lead to the stock market crash of 1929
  • stocks and their relationship to businesses and the economy

5/6

Unit III Test


Possible Essay Questions (You will write one essay from each group)
Group A:
  • Discuss the three main types of business organizations.  What are the advantages and disadvantages of each type?
  • Describe the history of the American labor movement.  Include a discussion of current challenges facing the American workforce.

Group B:
  • Describe the history of banking in the U.S.  How does our current banking system work to control the money supply and provide easy methods of exchange?
  • Discuss the various types of investment instruments we studied in this unit.  Be sure to provide examples of the best use of each type of investment.


5/11

Budget Project Due

Please check the requirements for the project prior to turning it in!