Mr. Farshtey's
Classroom
















Contact




ECONOMICS

This class is designed to lend some insight into how our economy functions, and what role we as citizens play. An understanding of economics is vital to being an effective citizen, and I hope that this class will help you make better and more informed decisions as you enter the adult world. This class will also touch on basic life skills required to function in the “real world” in order to prepare you in the most effective manner.

An educated opinion is a powerful tool that will earn you respect!

 Please remember that you are in control of your success in this class.

 Take responsibility for your work and be accountable for your actions.

DATECLASS CALENDAR / INFORMATION
Monday
January 30
TOPIC: INTRODUCTION TO ECONOMICS

CLASS PRESENTATION:
10  KEY ELEMENTS OF ECONOMICS

ASSIGNMENT / ASSESSMENT: READ
INTRODUCTION TO Freakonomics: The Movie
Tuesday
January 31
**TOPIC: INTRODUCTION TO ECONOMICS

CLASS PRESENTATION: FREAKONOMICS: THE MOVIE 

"NOTES": Japan Gets First Sumo Champion in 19 Years

ASSIGNMENT / ASSESSMENT: FREAKONOMICS In-Class Writing ON WEDNESDAY
Wednesday February 1TOPIC: INTRODUCTION TO ECONOMICS

CLASS ACTIVITY: FREAKONOMICS IN-CLASS WRITING

ASSIGNMENT / ASSESSMENT: Finish FREAKONOMICS IN-CLASS WRITING, if necessary
Thursday February 2 NO CLASS
Friday February 3TOPIC: INTRODUCTION TO ECONOMICS

CLASS PRESENTATION: FINISH
10  KEY ELEMENTS OF ECONOMICS

ASSIGNMENT / ASSESSMENT:
1. READ CHAPTER 1 in Naked Economics
2.
CHAPTER 1 QUESTIONS - DUE AT START OF CLASS ON WEDNESDAY
Monday
February 6
TOPIC: STOCK MARKET

CLASS ACTIVITY: SIGN UP FOR CLASS INVESTMENT COMPETITION at Virtual-Stock-Exchange

ASSIGNMENT / ASSESSMENT:
1. READ CHAPTER 1 in Naked Economics
2.
CHAPTER 1 QUESTIONS - DUE AT START OF CLASS ON WEDNESDAY
Tuesday February 7**TOPIC: PERSPECTIVES ON ECONOMICS

CLASS PRESENTATION: 
CAPITALISM - A Love Story

NOTES: Synopsis for CAPITALISM - A Love Story

ASSIGNMENT / ASSESSMENT:
1. READ CHAPTER 1 in Naked Economics
2.
CHAPTER 1 QUESTIONS - DUE AT START OF CLASS ON WEDNESDAY
Wednesday February 8TOPIC: PERSPECTIVES ON ECONOMICS

CLASS PRESENTATION: Finish CAPITALISM - A Love Story 
 
ASSIGNMENT / ASSESSMENT:
CAPITALISM - A Love Story Study Questions - DUE AT START OF CLASS ON FRIDAY
Thursday February 9NO CLASS
Friday February 10TOPIC: BUSINESS START-UP 
       
CLASS ACTIVITY: 
Rags to Riches - Can you open a new business successfully? 
Monday
February 13
TOPIC: STOCK MARKET 

CLASS PRESENTATION:
1.
ECONOMIC SYSTEMS
2.
NAME THAT ECONOMIC SYSTEM
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO 
Tuesday February 14**TOPIC: INEQUALITY - THE GAP BETWEEN RICH AND POOR IN AMERICA

CLASS PRESENTATION: Inequality for All


ASSIGNMENT / ASSESSMENT:
1. READ
website page about the documentary film Inequality for All
2. READ Robert Reich Blog Post - Why the Three Biggest Economic Lessons Were Forgotten
Wednesday February 15TOPIC: INEQUALITY - THE GAP BETWEEN RICH AND POOR IN AMERICA

CLASS ACTIVITY: Work on
STUDY GUIDE for Inequality for All - DUE AT START OF CLASS ON FRIDAY

NOTES: GRAPHICS PACKAGE from Inequality for All
Thursday February 16NO CLASS
Friday
February 17
TOPIC: INEQUALITY - THE GAP BETWEEN RICH AND POOR IN AMERICA

CLASS PRESENTATION:
1.
Viral Video Shows the Extent of U.S. Wealth Inequality
2. The American Dream
3. Wealth and Poverty in the United States

ASSIGNMENT / ASSESSMENT:
1. READ CHAPTER 2 in Naked Economics
2.
CHAPTER 2 QUESTIONS - DUE AT START OF CLASS ON TUESDAY
Monday
February 20
Presidents’ Day – NO CLASSES 
Tuesday February 21**TOPIC: The Behemoth WAL-MART, Part II

CLASS PRESENTATION:
1.
The Wal-Mart Business Model 
2. Wal-Mart - The High Cost of Low Prices


NOTES:
Wal-Mart - The High Cost of Low Prices FACT SHEET

ASSIGNMENT / ASSESSMENT: Wal-Mart - The High Cost of Low Prices STUDY GUIDE - DUE AT START OF CLASS ON FRIDAY
Wednesday February 22TOPIC: The Behemoth WAL-MART, Part II 

CLASS PRESENTATION: Finish Wal-Mart - The High Cost of Low Prices

NOTES:
Wal-Mart - The High Cost of Low Prices FACT SHEET

ASSIGNMENT / ASSESSMENT:
Wal-Mart - The High Cost of Low Prices STUDY GUIDE - DUE AT START OF CLASS ON FRIDAY
Thursday February 23NO CLASS
Friday February 24TOPIC: BUSINESS ORGANIZATIONS 

CLASS PRESENTATION:
BUSINESS ORGANIZATIONS PPT 

NOTES:
BUSINESS ORGANIZATIONS 
  
ASSIGNMENT / ASSESSMENT: 
BUSINESS ORGANIZATIONS WORKSHEET - DUE AT START OF CLASS ON TUESDAY
Monday
February 27
TOPIC: "Mixed Bag"

CLASS ACTIVITY: Work on 1 and/or 2
1. 
BUSINESS ORGANIZATIONS WORKSHEET - DUE AT START OF CLASS ON TUESDAY
2.
YOUR STOCK PORTFOLIO
Tuesday
February 28
**TOPIC: ENERGY COSTS - Is Natural Gas the Solution OR an Even Bigger Problem?

CLASS PRESENTATION:
1. FRACKING 101
2. 
GASLAND

NOTES:
1. ADVANTAGES & DISADVANTAGES OF NATURAL GAS
2.
GASLAND - The Film in Context

ASSIGNMENT / ASSESSMENT:
1.
READING: NationMaster - EXCELLENT Resource to Compare Countries
2. GASLAND WORKSHEET - DUE AT START OF CLASS ON FRIDAY   
Wednesday March 1 TOPIC: ENERGY COSTS - Is Natural Gas the Solution OR an Even Bigger Problem?

CLASS PRESENTATION: Finish GASLAND

ASSIGNMENT / ASSESSMENT: GASLAND WORKSHEET - DUE AT START OF CLASS ON FRIDAY
Thursday March 2NO CLASS
Friday
March 3
TOPIC: A TEST RUN OF YOUR FUTURE

CLASS ACTIVITY:
1. Access MONEYSKILL LIFE SIMULATION
2. Click on "PLAY NOW"
3. FOLLOW THE DIRECTIONS - might involve some quick online research!!!!!
     - IF you choose a city where you are living: 
this website can give the cost of living there.
Monday
March 6
TOPIC: STOCK MARKET 
 
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO

ASSIGNMENT / ASSESSMENT - READ the following:
1.
Financial Scams and Schemes
2. The 10 Most Outrageous Stock Market Scammers
3.
THE MADOFF AFFAIR BACKGROUND INFORMATION
Tuesday
March 7
**TOPIC: THE MARKETS AND FINANCIAL CRISIS

CLASS PRESENTATION:
1. Business Ethics
2. THE MADOFF AFFAIR

ASSIGNMENT / ASSESSMENT: THE MADOFF AFFAIR DISCUSSION QUESTIONS - DUE AT START OF CLASS ON FRIDAY 
Wednesday March 8 TOPIC: THE MARKETS AND FINANCIAL CRISIS

CLASS PRESENTATION:
1.
Bernie Madoff as a Case Study
2. Ponzi Supernova - Madoff Speaks

ASSIGNMENT / ASSESSMENT: THE MADOFF AFFAIR DISCUSSION QUESTIONS - DUE AT START OF CLASS ON FRIDAY  
Thursday March 9NO CLASS
Friday
March 10
TOPIC: Advertisers vs. Consumers

CLASS PRESENTATION: 
REGULATION OF ADVERTISING
Monday
March 13
TOPIC: "Mixed Bag"

CLASS ACTIVITY: Work on 1 and/or 2
1.
The Marketing Mix Webquest - DUE AT START OF CLASS ON FRIDAY
2. YOUR STOCK PORTFOLIO
Tuesday
March 14
**TOPIC: Advertisers vs. Consumers 

CLASS PRESENTATION:
1. Secrets of the Superbrands - TECHNOLOGY

-- READING: BBC background article
2. Secrets of the Superbrands - FASHION
--READING: BBC background article

ASSIGNMENT / ASSESSMENT: The Marketing Mix Webquest (SKIP QUESTION #3) - DUE AT START OF CLASS ON FRIDAY   
Wednesday March 15 TOPIC: Advertisers vs. Consumers

CLASS PRESENTATION: Complete Secrets of the Superbrands - FASHION

ASSIGNMENT / ASSESSMENT: The Marketing Mix Webquest (SKIP QUESTION #3) - DUE AT START OF CLASS ON FRIDAY
Thursday March 16NO CLASS
Friday
March 17
TOPIC: COST OF HEALTH CARE IN THE U.S. 

READING
:       
1.
WHY AN MRI COSTS $1080 IN AMERICA AND $280 IN FRANCE
2.
HIGH COST of Medical Procedures in the U.S.

CLASS PRESENTATION: 
Introduction to the U.S. Health Care System
Monday
March 20
TOPIC: STOCK MARKET 
 
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO

ASSIGNMENT / ASSESSMENT: SHOPPING FOR HEALTH INSURANCE Worksheet - DUE AT START OF CLASS ON TUESDAY 
Tuesday
March 21
**TOPIC: COST OF HEALTH CARE IN THE U.S.
       
CLASS PRESENTATION: Sicko

Wednesday March 22 TOPIC: COST OF HEALTH CARE IN THE U.S.
       
CLASS PRESENTATION: Finish Sicko

 
ASSIGNMENT / ASSESSMENT: 
Sicko Information Sheet / Discussion Questions - DUE AT START OF CLASS ON MONDAY
Thursday March 23NO CLASS
Friday
March 24
TOPIC: COST OF HEALTH CARE IN THE U.S.

CLASS PRESENTATION: Sicko EXTRAS

ASSIGNMENT / ASSESSMENT: Sicko Information Sheet / Discussion Questions - DUE AT START OF CLASS ON MONDAY
Monday
March 27
TOPIC: STOCK MARKET 
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO
Tuesday
March 28
**TOPIC: THE MARKETS AND FINANCIAL CRISIS 

CLASS PRESENTATION:
1.
THE ECONOMIC CRISIS OF 2008
2. TOO BIG TO FAIL

ASSIGNMENT / ASSESSMENT: ECONOMICS WEBQUEST - WHAT CAUSED THE CRASH?
DAY ONE:
- Analyze the
PowerPoint slideshow created by the Federal Reserve Bank of St. Louis
- Complete the
PowerPoint Analysis Worksheet
- DUE AT START OF CLASS ON WEDNESDAY     
Wednesday March 29 TOPIC: THE MARKETS AND FINANCIAL CRISIS

CLASS PRESENTATION: TOO BIG TO FAIL


ASSIGNMENT / ASSESSMENT: ECONOMICS WEBQUEST -
WHAT CAUSED THE CRASH?
DAY TWO:
- READ TWO ARTICLES* listed in the WEBQUEST description / the
Economic Crisis Reading List
- Complete the
Article Analysis Worksheet 
Thursday
March 30
NO CLASS
Friday
March 31
TOPIC: THE MARKETS AND FINANCIAL CRISIS 

CLASS ACTIVITY: ECONOMICS WEBQUEST -
WHAT CAUSED THE CRASH?
DAY THREE

- Complete the Article Analysis Worksheet
- Share your findings and brainstorm possible solutions to the economic crisis
- DUE AT END OF CLASS
Monday
April 3
TOPIC: STOCK MARKET 
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO

ASSIGNMENT / ASSESSMENT: READ INTRODUCTION to INSIDE JOB  
Tuesday
April 4
**TOPIC: THE MARKETS AND FINANCIAL CRISIS

CLASS PRESENTATION: INSIDE JOB

NOTES:
1. Film SYNOPSIS
2.
ECONOMIC JARGON in INSIDE JOB
Wednesday April 5 TOPIC: THE MARKETS AND FINANCIAL CRISIS

CLASS PRESENTATION: Finish INSIDE JOB 
 
ASSIGNMENT / ASSESSMENT: INSIDE JOB
DISCUSSION QUESTIONS - DUE AT END OF CLASS ON FRIDAY
Thursday  April 6NO CLASS
Friday 
April 7
TOPIC: THE MARKETS AND FINANCIAL CRISIS

ASSIGNMENT / ASSESSMENT: INSIDE JOB
DISCUSSION QUESTIONS - DUE AT END OF CLASS

SPRING BREAK ASSIGNMENT
- READ CHAPTER 5 in Naked Economics
CHAPTER 5 QUESTIONS in Naked Economics - DUE AT START OF CLASS ON WEDNESDAY, 4/18    
SPRING VACATION
Tuesday
April 18
**TOPIC: THE MARKETS AND FINANCIAL CRISIS 

CLASS PRESENTATION: THE BIG SHORT

NOTES:
Your Cheat Sheet for THE BIG SHORT

SPRING BREAK ASSIGNMENT
- READ CHAPTER 5 in Naked Economics
CHAPTER 5 QUESTIONS in Naked Economics - DUE AT START OF CLASS ON WEDNESDAY
Wednesday April 19 TOPIC: THE MARKETS AND FINANCIAL CRISIS 

CLASS PRESENTATION: THE BIG SHORT
Thursday April 20NO CLASS
Friday    April 21  
FAILURE TO ACHIEVE A QUORUM
TOPIC: STOCK MARKET 
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO
 
Monday
April 24
TOPIC: THE MARKETS AND FINANCIAL CRISIS 

CLASS PRESENTATION: Finish THE BIG SHORT

CLASS ACTIVITY: Work on THE BIG SHORT Discussion Guide - DUE AT START OF CLASS ON TUESDAY
Tuesday
April 25
**TOPIC: THE FUTURE - Take #1

ASSIGNMENT / ASSESSMENT: HOMELAND 2037 PROJECT
- YOU are the TEACHERS, and I am the student.
- STUDENT PRESENTATIONS ON FRIDAY
Wednesday
April 26
TOPIC: THE FUTURE - Take #1

CLASS ACTIVITY: Work on
HOMELAND 2037 PROJECT

ASSIGNMENT / ASSESSMENT: STUDENT PRESENTATIONS ON FRIDAY
Thursday
April 27
NO CLASS
Friday
April 28
TOPIC: THE FUTURE - Take #1

CLASS ACTIVITY: 
HOMELAND 2037 PROJECT STUDENT PRESENTATIONS 
Monday
May 1
TOPIC: STOCK MARKET 
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO
CONTEST ENDS ONE MONTH FROM TODAY!!!
Tuesday
May 2
**TOPIC: A LESSON IN AMERICAN ECONOMICS AND GOVERNMENT???

CLASS PRESENTATION: WHO KILLED THE ELECTRIC CAR?
       
UPDATE? Could it be happening again? Behind the Quiet State-by-State Fight over Electric Vehicles

NOTES:
WHO KILLED THE ELECTRIC CAR? Film Summary

ASSIGNMENT / ASSESSMENT: "RANK ORDER" on the Roles of BUSINESS and GOVERNMENT in a democratic/capitalist society?   
Wednesday
May 3
TOPIC: CONSUMER SKILLS 

READING:
1.
The 7 Most Insanely Expensive Cars of 2017
2.
The Cheapest New Cars of 2017 Sold in the U.S.
3. The 10 MOST - and LEAST - Reliable Cars of 2017
       
CLASS ACTIVITY:
CAR BUYING - COMPARISON SHOPPINGCOMPLETED SHEET DUE AT START OF CLASS ON FRIDAY
Thursday
May 4
NO CLASS
Friday
May 5
TOPIC: CONSUMER SKILLS 

CLASS ACTIVITY:
CAR BUYING - FINANCING / COSTS - COMPLETED SHEET DUE AT START OF CLASS ON MONDAY
Monday
May 8
TOPIC: The Near-Future? 

CLASS ACTIVITY: THE OBLIGATIONS OF A CONTRACT WITH YOUR COLLEGE ROOMMATE [often REQUIRED!]
-
Roommate "Guidelines"
-
Sample Roommate Agreement Form (from Oregon State University)

STEP 1: Fill out the Roommate Agreement Form for yourself - send it to me
STEP 2: TOGETHER - Complete the contract that you BOTH agree to - send it to me
Tuesday
May 9
**TOPIC: 3rd (and last) showing in our Michael Moore Film Festival

CLASS PRESENTATION: Where To Invade Next

NOTES: Where To Invade Next FILM SUMMARY and FILM THEMES

ASSIGNMENT / ASSESSMENT: Where To Invade Next WRITING ASSIGNMENT - DUE AT START OF CLASS ON MONDAY
Wednesday
May 10
TOPIC: 3rd (and last) showing in our Michael Moore Film Festival 

CLASS PRESENTATION: Finish Where To Invade Next 

NOTES: Where To Invade Next FILM SUMMARY and FILM THEMES

ASSIGNMENT / ASSESSMENT: Where To Invade Next WRITING ASSIGNMENT - DUE AT START OF CLASS ON MONDAY
Thursday
May 11
NO CLASS
Friday
May 12
TOPIC: Online Games for Economics [Let's Try & Review Some Of These! (internet permitting)] 

1.
Financial Soccer - a GREAT game, IF we can load it (unlikely!)
- different levels of difficulty
- might play more than once (different difficulty levels)

2.
Spent - Could you survive, raise a child in a minimum wage job?

3. FEDERAL RESERVE
a)
In Plain English: Making Sense of the Federal Reserve
- A LONG but USEFUL explanation of the system - BUT they "bury the lede"! (Who is REALLY in charge?)
b) 
Fed Chairman Game - YOU are in charge!
Monday
May 15
TOPIC: STOCK MARKET 
       
CLASS ACTIVITY: WORK ON YOUR PORTFOLIO
Tuesday
May 16
**TOPIC: UTILIZING YOUR EXPERTISE - Take these online ECONOMICS resources/activities for a "Test Drive" and give me your feed back

Test Drive #1 - VIRTONOMICS - Business Simulation Strategy Game
- free registration
- registration confirmation email may turn up in your JUNK mailbox
Wednesday
May 17
TRIP TO WATER PARK – NO CLASSES
Thursday
May 18
NO CLASS
Friday
May 19
TOPIC: UTILIZING YOUR EXPERTISE - Take these online ECONOMICS resources/activities for a "Test Drive" and give me your feed back

- VIRTONOMICS does NOT make the cut

CLASS ACTIVITY:
1. 
Test Drive #2 - FOUNDATIONS OF FINANCE - the impact of interest rates on your financial decisions
2. STOCK MARKET GAME
Monday
May 22
TOPIC: UTILIZING YOUR EXPERTISE - Take these online ECONOMICS resources/activities for a "Test Drive" and give me your feed back

Test Drive #3 - FUELING THE FUTUREhow and why gas prices fluctuate and the impact of those changing prices
[possible browser issue? Would not open in Firefox but did in IE]
- FOUNDATIONS OF FINANCE = "GOOD"
- FUELING THE FUTURE = "OK"
Tuesday
May 23
**TOPIC: UTILIZING YOUR EXPERTISE - Take these online ECONOMICS resources/activities for a "Test Drive" and give me your feed back

CLASS ACTIVITY:
1. 
Test Drive #4 - THE FACTS ABOUT FOOD - what causes the prices to increase and decrease
[need "work around" to see videos - but you know how to do that!]
2. FOUNDATIONS OF FINANCE

3. FUELING THE FUTURE
4. 
STOCK MARKET GAME
Wednesday
May 24
TOPIC: THE FUTURE - Take #2

CLASS ACTIVITY: What if your future were random? [Bring a calculator to do the math!]

ASSIGNMENT / ASSESSMENT: Career Clusters Interest Survey
Thursday
May 25
NO CLASS
Friday
May 26
TOPIC: THE FUTURE - Take #3 - Final Exam Project - PERSONAL CAREER / FINANCIAL PLANNING

READING:
1. 
BEST AND WORST JOBS OF 2017 - Ranking 200 Jobs
2. 100 BEST COMPANIES TO WORK FOR 


PROJECT INFORMATION SHEET: 
PERSONAL CAREER & FINANCIAL PLANNING PROJECT

STEP 1 - Career Choice + Training - DUE BY START OF CLASS ON WEDNESDAY

- BE SURE TO READ THE DIRECTIONS CAREFULLY AND COMPLETE ALL PARTS OF THE PROJECT    
Monday
May 29
MEMORIAL DAY – NO CLASSES
Tuesday
May 30
**TOPIC: THE FUTURE - Take #3 - Final Exam Project - PERSONAL CAREER / FINANCIAL PLANNING

- Life Right After College
BUDGET SHEET / WORKSHEET 
- Life 5 Years After School
BUDGET SHEET / WORKSHEET 
- Life At 35
BUDGET SHEET / WORKSHEET

- BUDGET SHEETS and QUESTIONS - DUE AT END OF ECONOMICS EXAM PERIOD ON FRIDAY MORNING
Wednesday
May 31
TOPIC: THE FUTURE - Take #3 - Final Exam Project - PERSONAL CAREER / FINANCIAL PLANNING

- Life Right After College
BUDGET SHEET / WORKSHEET 
- Life 5 Years After School
BUDGET SHEET / WORKSHEET 
- Life At 35
BUDGET SHEET / WORKSHEET

- BUDGET SHEETS and QUESTIONS - DUE AT END OF ECONOMICS EXAM PERIOD ON FRIDAY MORNING
Thursday
June 1
NO CLASS
STOCK MARKET COMPETITION ENDS WHEN THE MARKET CLOSES TODAY
Friday
June 2
SEMESTER EXAMINATIONS
8:30 - Period 1 Exams - ECONOMICS
1:00 - Period 2 Exams - U.S. HISTORY
Monday
June 5
SEMESTER EXAMINATIONS
8:30 - Period 3 Exams
1:00 - Period 4 Exams - WORLD CULTURES

Tuesday
June 6
SEMESTER EXAMINATIONS
8:30 - Period 5 Exams - MODERN WORLD HISTORY
1:00 - Period 6 Exams

Thursday
June 8
GRADUATION DAY = FREEDOM
"You don't have to go home, but you can't stay here"