Economics is, in a nutshell, the study of how we use limited resources to satisfy unlimited wants and needs. The problem of scarcity, then, is not only an Economic one, but a world one. Economics Matters!
This course introduces Cadets to the basic Economic concepts in both Microeconomics and Macroeconomics. These topics are split into 5 units –
Unit 1 – Economic Beginnings, Basics, and Scarcity
Unit 2 – Consumer Economics / Supply and Demand
Unit 3 – Business, Labor, and Market Structure*
Unit 4 – The Governments Role in Economics
Unit 5 – Macroeconomics and the World Economy
* In lieu of a test, Unit 3 will culminate in “UMA Shark Tank” in which Cadets will, in groups, present a business proposal in front of a panel of “sharks.” This is a MANDATORY attendance activity for the course, and missing is equivocal to skipping a test.
A few key reminders:
- The Link for “live stream” is https://meet.google.com/czq-dfhi-xrj
- A recording for the beginning of each class (TO INCLUDE THE JOURNAL QUESTION) will be posted.
That recording WILL include entire lectures, activities, or projects, but NOT quizzes, tests, etc. - While lectures will be recorded and streamed, the PPT and PDF versions of each PPT is also available on the schedule.
- Direct any questions to CPT Curtis at jcurtis@utahmilitaryacademy.org
Economics – A Day Schedule – Spring 2020
Wednesday, Jan 20 – Classroom Orientation / Disclosure (DUE Jan 25)
Friday, Jan 22 – Shark Tank Intro
Monday, Jan 25 – Day 1 – Introduction to Economics
Wednesday, Jan 27 – Day 2 – Scarcity, Want and Needs
Monday, Feb 1 – Quiz – Econ Basics / Scarcity
Wednesday, Feb 3 – Day 3 – Economic Systems
Friday, Feb 5 – Island Survivor Activity
Monday, Feb 8 – Study Guide – Econ Basics (DUE Feb 17)
Wednesday, Feb 10 – Finish Study Guide / Jeopardy / Test Prep
Presidents’ Day Feb 15
Wednesday, Feb 17 – TEST – Econ Basics / Extra Credit Article
Friday, Feb 19 – Day 1 – Price Cost and Money
Monday, Feb 22 – Cookie Value Activity (DUE Mar 1)
Wednesday, Feb 24 – Day 2 – Supply and Demand
Monday, Mar 1 – Supply and Demand Worksheet (DUE Mar 5)
Wednesday, Mar 3 – Day 3 – Determinants of Supply and Demand
Friday, Mar 5 – Shark Tank Groups, Products, & Names
Monday, Mar 8 – Study Guide – Supply and Demand (DUE Mar 15)
Wednesday, Mar 10 – Finish Study Guide / Jeopardy / Test Prep
Monday, Mar 15 – TEST – Supply and Demand / Extra Credit Article
Wednesday, Mar 17 – Shark Tank Prep
End Term 3 (20 Days)
Monday, Mar 22 – Shark Tank Prep
Wednesday, Mar 24 – Shark Tank Prep
Friday, Mar 26 – Focus Group Activity (For In-Person Only)
Monday, Mar 29 – Final Shark Tank Prep
Wednesday, Mar 31 – SHARK TANK
SPRING BREAK Apr 5-9
Monday, Apr 12 – Day 1 – Government Interventions
Wednesday, Apr 14 – Day 2 – Debt and Deficit
Friday, Apr 16 – Shark Tank AAR (ONLY FOR THOSE IN PERSON)
Monday, Apr 19 – Quiz – Gov’t and Debt
Wednesday, Apr 21 – Day 3 – Failures – Market and Government
Monday, Apr 26 – Study Guide – Gov’t and Econ (DUE Apr 30)
Wednesday, Apr 28 – Jeopardy / Test Prep
Friday, Apr 30 – TEST – Government and Economics / Extra Credit Article – National Debt
Monday, May 3 – Day 1 – Macroeconomics
Wednesday, May 5 – QUIZ – Macroeconomics
Monday, May 10 – Day 2 – GDP
Wednesday, May 12 – Day 3 – Labor Force
Friday, May 14 – Study Guide – Macroeconomics (DUE May 19)
Monday, May 17 – Jeopardy / Test Prep
Wednesday, May 19 – TEST – Macroeconomics (OPEN NOTE + Study Guide)
Monday, May 24 – Ten Rules for Life (Final Lesson)
Wednesday, May 26 – TBD
Friday, May 28 – LAST DAY OF SCHOOL / Graduation
End Term 4 / Semester 2 (22 Days)
Direct any questions to CPT Curtis at jcurtis@utahmilitaryacademy.org
