Beyond the Sound Bites (if time after Quiz):
The Chapter 9 Section 3 Quiz is today.
Clear your desk except for a pencil. Once everyone is quiet, and no talking during the Quiz, we can begin. Be sure to put your name on the Quiz and the Scantron. You may write on both the Quiz and the Scantron.
If you finish early, you may take out non-class materials; once everyone is finished, put away the non-class materials. Then, I will collect the Scantron first, and then I will collect the Quiz.
Be sure your name is on both the Scantron and the Quiz.
If your name is not on the Quiz it will not be returned.
Penner Says Government Shutdown to Hurt U.S. Growth
http://www.youtube.com/watch?v=4yIlfleXkP4
April 7 (Bloomberg) -- Rudolph Penner, a senior fellow at the Urban Institute, discusses the potential economic effects of a U.S government shutdown if Democratic and Republican leaders fail to agree on a budget before tomorrow's deadline. Penner speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
The Chapter 9 Section 1 and Section 2 Quiz Make-ups are today; all Chapter 9 Quizzes and Test will be recorded for the 4th Quarter, not this Quarter.
Standard feature:
The electronic edition of the Philadelphia Inquirer is available. We have the Sunday edition, available on Mondays, in addition to the Tuesday through Friday editions on the other days.
Please follow the steps below:
URL: http://nie.philly.com
Click on the words "Access e-Inquirer" located on the gray toolbar underneath the green locker on the opening page.
Login:
Username: bshsinky@shanahan.org
Password: 10888
Chapter 11 Resources
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter11/chapter_overviews.html
Chapter 11: Financial Markets
Chapter 11 Section 1 Savings and the Financial System
7th
financial system
Figure 11.1 Overview of the Financial System
In-class assignment, with a partner, answer the following.
What do financial intermediaries do?
What do Households, businesses do?
What are the largest borrowers?
What can households borrow and invest in?
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p291.swf
How are people in the U.S. effected by the global financial system?
U.S. Economy and Financial System Bankrupt--What's next?, 6:38
In-class assignment, with a partner, answer the following.
What negative fundamentals have upset the U.S. financial system?
What is the first negative fundamental?
The second?
Third?
Fourth?
Five?
Six?
Seven?
What is it called when these markets collapse?
Eight?
Nine?
financial intermediary, p. 290-291
In-class assignment, with a partner, list examples of financial intermediaries.
List at least five financial intermediaries.
Define what financial intermediaries do.
nonbank financial institution
finance company
premium
pension
pension fund
In-class assignment, with a partner, answer the questions.
How are the socialist states of Europe bridging Europe's Pension Gap? 6:38
What can be done to forestall a pension gap in Europe (or any country adopting the socialist model of pensions)?
At what age do people expect to retire in Sweden?
What incentives are there to work longer?
What is different for blue-collar workers?
How can blue-collar workers continue to work?
What advantages are there for workers and society?
With life expectancy in Europe rising and birth rates falling, how much longer can states provide proper pensions for their senior citizens? With fewer people working to support retirees, governments are encouraging their citizens to postpone taking their pensions.
risk
In-class assignment, with a partner, answer the questions.
INVEST 101 - Risk versus Reward, 2:53
What should investors take into account?
What is the difference between an aggressive vs. a conservative investor?
What happens over time?
What happens if you take bigger risks?
In-class assignment, with a partner, answer the questions.
11.2 The Power of Compound Interest
What does the table show?
How can money grow with compound interest?
How much interest is earned after the first 10 years at 6 per cent? (p. 293)
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p293.swf
In-class assignment, with a partner, fill in the graphic.
11.1 Strategy
Complete the graphic organizer by describing how financial intermediaries channel money.
Reading Strategy
Saving and Economic Growth
Nonbank Financial Intermediaries
Basic Investment Considerations
11.1 Review
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to describe the nonbank financial intermediaries.
11.2 Reading Strategy
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to identify and describe at least four financial assets.
In-class assignment, with a partner, fill in the graphic.
11.2 Review
Use the graphic organizer to identify the characteristics of financial assets.
11.3 Reading Strategy
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to describe the different stock markets.
Figure 11.7 How Much Money Will You Have at Retirement?
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p308.swf
11.3 Review
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to evaluate the risks and rewards of investments.
Figure 11.1 Overview of the Financial System
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p291.swf
Figure 11.2 The Power of Compound Interest
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p293.swf
Figure 11.7 How Much Money Will You Have at Retirement?
Chapter 10: Government Spending
Chapter 10 Resources
Chapter 10: Government Spending Multiple Choice Quiz
Chapter 10: Government Spending ePuzzles and Games Column
Chapter 10: Government Spending Vocabulary eFlashcards
Chapter 10: Government Spending In Motion The Federal Budget for Fiscal Year 2007
Chapter 10: Government Spending In Motion State and Local Expenditures
Chapters 8-11
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/
Chapter 9 Resources
Chapter 9: Sources of Government Revenue
Multiple Choice Quiz
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter9/self-check_quizzes.html
Ch. 9 Crossword Puzzle
Chapter 9 Flashcards
Chapter 10 Resources
Self-Check Quiz, Crossword, Vocabulary
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter10/
Wisconsin Labor Protests - Noodles, 1:36
Spending, 6:25
The Rules of Good Sportsmanship in Games, Sports and in Life, 9:30
The public domain film, Good Sportsmanship (1950). How sportsmanship enriches daily living: a lesson for teens.
Producer: Coronet Instructional Films
Creative Commons license: Public Domain
Be prepared for "pop" Quizzes on Chapter 9 material.
Chapter 9 Section 3 Quiz on Friday.
Seinfeld Risk Management, 4:17
Cf. http://www.youtube.com/watch?v=laKprX-HP94
Finance Company Collector - A song protesting the current recession, 4:30
Josh Riddle and David Rufful are seniors at Dartmouth College.
Pension Tension Blues, 5:42
Lyrics: co-written by Susan Mangiero and Steven Zelin, Singing CPA.
Email (or hand in hard copy) to gmsmith@shanahan.org.
Friday HW
1. p. 286, #10
