Mr. D'Angelo
Eisenhower High School Economics
Wednesday 5/16/2012
May 16th
- Answer any questions and collect 10.2 What trends are shaping today’s labor market homework
- Unemployment rates in the United States time lapse video since 2007 (map)
- Unemployment rates in Michigan counties time lapse video since 1991 (map)
- Forget Brandon Inge; letting Placido Polanco go was Tigers worst mistake article
- Ilitch was unwilling to spend because he was scared about the future economic situation like most businesses were during the recesssion.
- Types of unemployment video clip
- Cyclical
- Seasonal
- Structural
- Frictional
- Discuss the factors that affect wages people receive
- Level of education
- Experience
- Skills/Certification
- Effort/Attitude
- Value they bring
- Other types of compensation (commission/tips/fringe benefits)
- Laws (minimum wage)
- Location
- Competition (foreign as well)
- Working conditions
- Michigan’s Hot 50 jobs listing with wages
- Qualities Employers Look For
- These are the areas where you need to improve your human capital you are wanting a business to pay you for
- Completed part 1 of Guess the Wage game.
- Students were given a Guess the Wage handout and tried to match Michigan wages to different jobs in many different sectors of the economy.
- Part 2 of this game will be completed Thursday at the beginning of the hour and the winning team will receive extra credit!
Tuesday 5/15/2012
May 15th
- CHAPTER 10 TEST will be on Friday
- Wednesday we will learn about wages and what type of human capital employers look for. Thursday will be the pro and con of labor unions and right to work.
- Discuss Human Capital & the Labor Market
- We talked about Chapter 10.2, What Trends Are Shaping Today’s Labor Market?
- technology as the driving force of change
- labor force
- shift to service jobs
- Bureau of Labor Statistics
- knowledge workers who apply information and are creative thinkers
- outsourcing
- globalization
- offshoring
- Firms Go Outside Michigan to fill IT jobs article
- example of the fact that workers need retraining and don’t have the skills demanded in the economy as well as how wages for IT workers will likely go up due to the shortage.
- Cannon eyes robot only production for cameras article
- example of technology changing the workforce
- Supplier to buy ex Mopar site, add 450 jobs article
- example of outsourcing
- Time to work on Chapter 10-2 questions
- Assignment will be turned in on Wednesday during class.
Monday 5/14/2012
May 14th
- Passed out Budget Questions. Complete the top portion using the budget numbers from last week. The bottom half was completed together using the Dave Ramsey Investing Calculator. Absent students will have to complete this at home.
- Starting Salary article for a reality check
- Turn in Budget questions and Budget numbers packet assigned last week.
- Discussed Corporations
- Specifically focused on the limited liability of a corporation.
- Showed The Corporation documentary trailer.
- ResCap files for bankruptcy article
- Passed out Chapter 10 Text
- Gave overview of items we will learn about in Chapter 10.
- Firms go outside Michigan for IT jobs article
Friday 5/11/2012
May 11th
Thursday 5/10/2012
May 10th
- Chapter 8 Test Friday
- Discuss items in 8.5 of the text
- Meaning of investment
- Risk/reward of investments
- Compound interest & the Rule of 72
- Bond
- Municipal Bonds
- Corporate Bonds
- Stocks
- Shareholders
- Dividend
- Bull market v. bear market
- Brokerages (Scotttrade, Fidelity, E*Trade)
- Stock markets-NYSE, NASDAQ
- Securities & Exchange Commission (SEC)
- Prospectus
- Mutual Funds
- Professionally managed
- Allows for Diversification
- Market indexes-Dow Jones Industrial Average (DJIA), Standard & Poor’s 500 (S&P 500)
- Asset Allocation
- Personal decision depending on age, risk tolerance, & goals
- Show one of my Fidelity retirement accounts and discuss mutual funds, diversification, importance of investing to get money growth, patience, long term outlook
- Passed out Fidelity Chemicals mutual fund financial report
- Discussed looking at 5-10 year track record
- $10,000 becomes $35,278 in 10 years
- Compared it to the S&P 500 Index
- Chemicals is a narrow sector, but has diversification by investing in many sub categories and multiple companies.
- $861 million in net assets in this “mutually funded” investment
- Total Return per year was analyzed. This fund get a consistently high return over a 5-10 year period, but year to year is a roller coaster (down 46.68% in 2009,up 79.15% in 2010)
- Buy low & sell high. A bear market is just stocks on sale.
- Completed Asset Allocation assignment together using CNN Money Asset Allocation Calculator
- Choose 3 different situations and report how the allocation changes in each situation.
- On the backside of the Asset Allocation assignment there is a chart asking to identify different kinds of investments along with the risk and reward of each. Complete this assignment for homework, due Friday
- Passed out Financial Recommendations for Clients worksheet.
- Explained directions and gave about 10 minutes in class to get started, will finish Friday at the start of the hour.
- Students pick either Client Profiles Packet A or Packet B. Complete recommendations as directed in instructions for their 3 clients. When complete they should find someone with the other packet and find out what the expert recommendations for their clients are.
Wednesday 5/9/2012
May 9th
- Time to finish monthly budget estimate sheet we began on Monday
- Saturday Night Live “Don’t Buy Stuff You Can’t Afford” commercial clip with Steve Martin
- Thisiswhyimbroke.com
- Showed this site as an example of how we can logically plan a budget, but winning at finances is only about 20% head knowledge, the rest is behavior.
- Completed the Actually Spent column of our budget sheets according to what information Mr. D’Angelo provided.
- Reminder: Chapter 8 Test Friday
- It’s Your Paycheck Lesson 5 module due by the end of the night Thursday
- We will finish our budget worksheets on Friday before the test.
- Focus for Thursday will be investments
Tuesday 5/8/2012
May 8th
- Showed extra credit updates available on my website.
- Click on the Extra Credit link at the top of the page for more information.
- Chapter 8 Test on Friday
- Time to work on modules assigned Friday. These two modules must be completed by the end of tonight.
- It’s Your Paycheck Lesson 3
- Soar to Savings
- It appears the discussion boards may not be working for the Soar to Savings module.
- Assigned an additional module, It’s Your Paycheck Lesson 5
- This module must be complete by the end of the night on Thursday
Monday 5/7/2012
May 7th
- Talked about my experience at Dave Ramsey LIVE event in Grand Rapids on Saturday.
- Discussed 8.4 in the test, the importance of savings.
- Discussed U.S. personal savings rate decline
- Personal Savings Rate: Worse than we thought article
- Showed the power of a budgeting website, Mint.com
- Started to complete a monthly budget on own or with a partner using this Monthly Budget Form
- Complete with numbers you think are accurate for someone in their mid-30s.
- Will have time to finish Wednesday in class at the beginning of the hour, then we will share the information and realistic numbers and determine how much you will have to make in income.
Friday 5/4/2012
May 4th
- I get to go see Dave Ramsey tomorrow! In his honor I dress up like him for class today.
- Review of the role of banks and some other important terms from Chapter 8
- Introduction to the Federal Reserve
- Used The Fed App from iTunes to show its structure and basic goals
- Steady GDP (economic) growth
- Low unemployment
- Low inflation
- Passed out Econ Ed Live! student login information. Students had time to begin the modules during the last 30 minutes of class. If you were absent Friday your login information is in the front cover of the binder in my classroom.
- Students must complete the following two modules by next Tuesday, May 8th.
Thursday 5/3/2012
May 3rd
- Discussed history of the American Banking System
- Time to read Chapter 8 through 8.3
- Showed differences and similarities between a bank and a credit union (structure & functions)
- Discussed checking, savings, and CD’s
- Principal, Interest, risk, and FDIC insurance
- Commercial & consumer loans
- Mortgages
- Looked at MSGCU and Chase
- Discussed M1 & M2 and liquidity from 8.2
