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This website is dedicated to the students of the International School of San Salvador. Here, you can find copies of course materials such as syllabi, calendars, assignment guides, and reviews for exams as well as an array of links to scholarly articles, music, videos, artwork, and websites. You can also browse selected student work. Click on the COURSE TAGS ABOVE to find the latest posts for your class (displayed BELOW) or browse the RIGHT HAND TOOLBAR which contains links to student resources, school info, and everything else. Go Falcons!
Showing posts with label Econ 12. Show all posts
Showing posts with label Econ 12. Show all posts

Kiva & Gapminder!

Hello Senior Scholars :)

Today, there are two opportunities for you.

First, visit Kiva.org.  Familiarize yourself with Kiva by carefully reading the over the wealth of information on the website. Then choose one of the projects (people or groups) to invest your share ($25) of the class's collective profits.  You will be responsible for monitoring your investment over the course of the year, so be sure to jot down all relevant data so you can easily track your loan for future assignments.


Next, experiment using Gapminder by clicking here.  Create any two graphs using Hans Rosling's innovative software.  Then include a writeup for each graph you make, explaining what you used for the "X" and "Y" axis and why, what you expected to occur, and what surprises you discovered watching your graphs "grow."  Use the screenshot tool to take pictures of your graphs.  Save your work in Word, in PPT, or as a PDF.  Save your work to the "Gapminder Projects" folder within the "Economics Class Folder" using Dropbox.  Save your work by naming your file "Full Name, Gapminder Graph Writeup, Friday, October 4, 2014." (A Caveat: You must save your file with the correct name in Word, PPT, or PDF.  Do NOT attempt to rename your file by changing the link name in Dropbox or your information will not necessarily save correctly.")  You may work in partners (defined as two people) if you so wish, though as always, you will be entirely responsible for submitted work. This activity will be graded.  Please submit scholarly, proofread work.

Microloan Competition Project Report & Analysis

For Wednesday, September 24, please upload your presentation to the class Dropbox folder.


Create your presentation using PowerPoint.  Include the following:

*Slide 1: Group Member Names & Creative Project Title
*Slide 2: Project Objectives & Goal
*Slide 3: Project "Plan"  (or how you set out to achieve your objectives & goal; answer 3 essential questions)
*Slide 4: Project Materials & Cost
*Slide 5: Receipts for Materials  (these may be scanned; you may use several slides if necessary)
*Slide 6: Re-investment (if you spent more than $25, explain and show when & how you re-invested)
*Slide 7: Total Revenue, Cost, & Net Profit
*Slide 8: Analysis using SWOT/FODA format

*Pictures of various stages of your project submitted as evidence will raise your score.  As always, double check mechanics. :)  Remember you may submit video footage to the Dropbox folder for extra credit.

August Essay Opportunity

After watching Taylor's introductory lecture, "How Economists Think," what are you thinking about economics?  Write a one page essay sharing your thoughts on the subject.  You may choose to weigh in on any of the points made by Taylor, relate something you saw on the news, read recently, or found while pursuing Chapter 1 in your text.  The good and bad sides of competitive urges? The scarcity v. distribution debate?  Hard minds, soft hearts?  Or anything else.  I look forward to receiving a neat, proofed, one physical page version of your ideas promptly at the start of class on Friday, August 22.

Wednesday, October 23, 2013: Kiva & Gapminder

Hello Senior Scholars :)

Today, there are two opportunities for you.

First, visit Kiva.org.  Familiarize yourself with Kiva by carefully reading the over the wealth of information on the website. Then choose one of the projects (people or groups) to invest your share ($25) of the class's collective profits.  You will be responsible for monitoring your investment over the course of the year, so be sure to jot down all relevant data so you can easily track your loan for future assignments.


Next, experiment using Gapminder by clicking here.  Create any two graphs using Hans Rosling's innovative software.  Then include a writeup for each graph you make, explaining what you used for the "X" and "Y" axis and why, what you expected to occur, and what surprises you discovered watching your graphs "grow."  Use the screenshot tool to take pictures of your graphs.  Save your work in Word, in PPT, or as a PDF.  Save your work to the "Economics Class Folder" using Dropbox.  Save your work by naming your file "Full Name, Gapminder Graph Writeup, October 23, 2013." (A Caveat: You must save your file with the correct name in Word, PPT, or PDF.  Do NOT attempt to rename your file by changing the link name in Dropbox or your information will not necessarily save correctly.")  You may work in partners (defined as two people) if you so wish, though as always, you will be entirely responsible for submitted work. This activity will be graded.  Please submit scholarly, proofread work.

Rapid Micro Loan Business Plan Project :)

For Friday, October 10, please upload your slides to the following shared presentation using GoogleDocs:

Class of 2013 Rapid Micro Loan Business Plan Project, Fall of 2012

Create your presentation using PowerPoint.  Include the following:

*Slide 1: Group Member Names & Creative Project Title
*Slide 2: Project Objectives & Goal
*Slide 3: Project "Plan"  (or how you set out to achieve your objectives & goal)
*Slide 4: Project Materials & Cost
*Slide 5: Receipts for Materials  (these may be scanned; you may use several slides if necessary)
*Slide 6: Re-investment (if you spent more than $25, explain and show when & how you re-invested)
*Slide 7: Total Revenue, Cost, & Net Profit
*Slide 8: Evaluation (using bullet points, outline what went well, what needed to be improved, and ideas for innovation next time)


Economics Self and Course Evaluation

Please click here to complete the "Economics Self and Course Evaluation."  Thank you!

Economics Activity for Chapter 15


Complete the following practice and review questions for Chapter 15 on Macroeconomic Policies.

#1*Take the Chapter 15 on Monetary Policy quiz from McGrawHill by clicking here.  Take a screen shot of your answers and paste the copy in a Word document.

#2*Take the Chapter 16 on Economic Instability quiz from McGrawHill by clicking here. Take a screen shot of your answers and paste the copy in the Word document.

#3*Practice using interactive supply and demand graphs here.  Read carefully and practice graphing.  Read over the 3 case studies (click tabs at top right) as one or more may appear as bonus's on Friday's exam.

#4*Spend 10 minutes reading any economics related article in The New York Times, The Boston Globe, The LA Times, The London Times, La Prensa Grafica, The Economist, El Diario de Hoy,  or a related source.  Include the name, author, date of publication, and link to the article.  Write a brief paragraph description in Word reacting to (not summarizing!) the article.


*Bonus points: Find examples of applications of the aggregate supply and demand curves and explain causes and effects using current events.


EMAIL responses with your Word document (.doc) as an attachment.
You may work individually or in pairs.
Complete assignment by the end of class (2:30pm) on Wednesday, May 16, 2012.

Chapter 13: Economic Instability

Complete the following practice and review questions for Chapter 13 on Economic Instability.

#1*Take the Chapter 13 quiz from McGrawHill by clicking here.  Take a screen shot of your answers and paste the copy in a Word document.

#2*Take the Chapter 14 quiz from McGrawHill by clicking here. Take a screen shot of your answers and paste the copy in the Word document.

*Review what we've seen throughout the year by taking this 10 question prep quiz for our next chapter which deals with aggregate supply and demand and stabilization policies.  Click here.  Include your answers in the Word document.

*View the most recent CPI report in the US from the Bureau of Labor Statistics. Click here.  You'll need to scroll down 50-100 pages to find interesting data.  Write a paragraph or two (eight  sentences minimum) discussing what you find in the document.  What surprises you?  What did you expect?  Cite and analyze specific data.  Include page numbers.

*Bonus points: Find the contents and the price of the market basket in three countries: El Salvador, the US, and a country of your choice.  Include responses in your word document.

*Complete the following for extra credit, "Comparative Costs, 19th Century & Today."  Click here.

EMAIL responses with your Word document (.doc) as an attachment.
You may work individually or in pairs.
Complete assignment by the end of class (2:30pm) on Friday, May 4, 2012.

Extra Credit Opportunities for Economics

Read "The Creative Monopoly" published this week in the New York Times  by clicking here.

Write a one page reaction to the article.  For further information, read up on the links provided in the article to see class notes from Thiel's Stanford class.  Don't summarize!  Instead, give your feedback/ideas/questions/thoughts/ cristicisms/suggestions/etc.

Write up = due Thursday, May 3.  Worth = Extra Credit Included in  Test Grade/Essay Average as an additional grade

:)

Chapter 13: Economic Instability

In Chapter 13, "Economic Instability," your text discusses issues that affect GDP: unemployment, inflation, standard of living, etc.  However, many times, though a nation may witness an increase in GDP, that supposed economic growth fails to translate in development for the country's citizens.

In class today, please visit the following sites and respond to the given prompts.  Turn in a neatly presented, proofread page of ideas at the end of class today (2:30pm, April 27).  The following activities are meant to 1) expose you to several key websites which you may find helpful and ought to consider using in your university pursuits and 2) allow you to reflect on complications of using GDP without reflection and understanding as is often done in discussions/essays/newspapers/radio commentary, etc. where economic indicators are cited and used out of their proper context.

1) Use "Google Trends."   Conduct two searches (of your choice).  Write down what words you searched, where such words are being searched, and whether those searches have increased or decreased in popularity.  Then, write a sentence for each search explaining why you think the search has increased/decreased in popularity (look at Google news headlines at right for reference) and what that would tell you about as an investor (what would you invest in?).  Here's a video intro to Google Trends:



2) Watch a TED Talk of your choice by clicking here.  Write a paragraph reacting to the video.  Summarize the video in ONE original sentence, and then write your thought/criticisms/ideas/reflections/suggestions/questions based upon what you saw.  Include the name of the presenter, the name of the talk, when/where the talk was given, and the URL for the talk.

3) Experiment using Gapminder by clicking here.  Create any two graphs.  Then include a writeup for each graph, explaining what you used for an "X" and "Y" axis and why, what you expected to occur, and what surprises you discovered watching your graphs "grow."

You may work alone or with a partner to complete the above.  Happy research! :)

Chapter 10: Government Spending

As we read, study, and discuss Chapter 10: Government Spending, we'll also view a variety of film clips in class and explores some current events outlined in local newspapers.  Below, you can watch previews or the entire film.  You can also visit the films' websites, included below as well.  As you read and watch try to discern the following for yourself:

*What ethical guidelines ought to influence political, governmental, and business decisions when it comes to lending and borrowing?
*How do case studies in one country relate to current events in other countries?  What prerequisites exist?  For example, how do historical cases of "odious debt" in Mexico, Iraq, or Ecuador relate to the current situation in Uganda or Greece?
*Is debt necessarily bad when an economy (such as the US or UK) can simply produce more cash by modifying monetary policy?
*Is the EU's goal to curb national debt feasible?
*Can economies of different scales, say Greece and Germany, compete?
*What is necessary for socialist economic structures in Canada, Europe, and Latin America to work (when it comes to balancing government budgets)?
*Should G-8 countries forgive African and Asian debts?  Why or why not?
*Should developed countries governments' bailout developed countries' corporations?
*On a micro level, how does debt lead one into or out of poverty?
*What other economic models could lead to innovative solutions to curbing debt?

*****************To view the Debtocracy website, click here.




*****************To view the I.O.U.S.A. website, click here.

*****************To view The Constant Gardener website, click here.




****************To view the Blood Diamonds website, click here.



**************** To view the One campaign website, click here.



****************To view Muhamad Yunus: Banker of the Poor website, click here.



****************To read an current events article about El Salvador's current debate to borrow $250 million from the InterAmerican Development Bank, click here.

Investment Portfolio






Beginning in the middle of March, each super senior :D will be entrusted with $10,000 to "invest."  You have a few days to investigate how you'd like to distribute your "financial assets."  Recalling knowledge gathered thus far, especially chapters 14 (money and banking) and 11 (savings), be sure to consider the diverse forms in which you may opt to allocate your funds: CD's, treasury notes, gold dust, savings accounts, checking accounts, corporate bonds, dresser drawers, foreign currencies, collectible items, and, of course, stocks(!).






Over the course of the semester, you will monitor your investments and motivations attached to them.  Weekly, you'll turn in a mini-report charting your investments, and periodically, you'll have the chance to compete . . .based on your portfolio's growth.

A few ground rules to get started. . .

Portfolio Check #1 will be on March 16. . .so you'll need to create your portfolio by then.

*Your portfolio must include at least 3 products and at least one  must be a stock.  You must account and document where all of your $10,000 has gone.
*All of the products in your portfolio must be "real."  If you choose to invest in gold, you need to research how much gold costs and where it can be bought and use and cite that information.  If you invest in stocks, you must provide accurate, honest, real-time information on when you bought the shares, how much they cost, etc.
*The buying and selling of stocks/bonds will be at a flat rate of $20 per trade unless you research online to find information on a(n online) broker who has more competitive rates.  You may use those rates as long as you note and cite the broker.
*You will conduct some basic research on at least on of your investments (firm/bank background).  Consider the "type" of company in which you are investing.  Do you feel comfortable about investing your money in such a company.. .do you agree with the firm/bank's mission and goals?


On March 16, 2012 you will turn in your first portfolio report.  Each week thereafter you will be given a "portfolio challenge."


Suggested Sites:

Google Finance
Google Finance Help Page
NASDAQ (National Association of Securities Dealers Automated Quotations) Stock Market
NYSE (New York Stock Exchange)
Wall Street Journal's "Market Watch"
"The Wild Investor" 
Yahoo! Finance

Monetary Policy & The National Economy: Case Study Essay

Generally speaking, countries have at their disposal two main tools with which to influence the state of the (nation's) economy: monetary and federal policy.  As we studied in chapter 14, countries can opt for either an easy or tight monetary policy to grow or shrink the nation's monetary reserves. . .to expand or reduce the amount of money flowing through the economy.  These policies are decided on by, in the case of the US, the Fed.  Alternatively, as we'll explore in later chapters, Congress may make use fiscal policy to aid a particular sector of the economy (businesses or consumers) by implementing or reducing regulations, increasing or decreasing taxes, offering stimulus checks or bailouts, etc.

There are, however, several cases in our current global economy in which nations, willingly or not, have forfeited their ability to employ monetary policy.  Cases vary by country and context.  At times, such decisions have benefited the nations in question.  Other times, the consequences have been more grave.

Your task is to explore a country which has given up, to some extent, its control over monetary policy. . .within the past decade or so.  You should A) research the roots of the decision behind your chosen country's decision to replace the national currency B) citing sources (newspapers, journals) and specific speakers (presidents or prime ministers, economist, national officials) as well as C) the ways the country has been affected since the currency was changed.  Organize your findings into a 1-2 page persuasive article in which D) you argue in favor or against your chosen country's decision to do away with its currency.  Bolster your case by including data about changes in employment, foreign (business investment), GDP, per capita income, etc.  Quote economists and/or critics who have spoken/written about your particular topic.  Cite your sources!

Some suggestions for case studies. . .

*"Dollarization" in El Salvador, East Timor, or Ecuador
*"Euro" in European Union countries (pick a specific country)
*spread of the "Austrailian Dollar" in Oceania
*spread of the "New Zealand Dollar" in Oceania
*spread of the "South African Dollar" in south African countries

Deadline: Friday, March 8, 2012

Creating Currency

Your Task:  Working individually or with partners (3 people per group - max), design a new and improved form of currency.   Consider all the characteristics of money discussed in the "Modern Marvels" clips as well as in Chapter 14 of your text.  On Tuesday, February 14, you'll need to turn in the following:

I. A physical example of your currency in at least two denominations (drawn or computer designed).  Include a brief description of special traits included in your currency.  Determine if you will include coins, bills, plastic, etc.  Explain the denominations that you recommend placing in circulation.
II. A brief explanation for each of your currency's characteristics (including but not limited to the 6 characteristics listed in your text).
III.  An explanation as to whether your currency will be used as a national, regional, or international currency and the reasons behind your decision.
IV. An explanation of any historical/cultural components included in your currency.  If you include no components, explain that decision as well.
V.  An explanation as to who will control the money production and supply.
VI. An explanation of a tentative plan for replacing the current currency with your new currency.

Work should be emailed no later than 12pm (noon) local time (San Salvador) on Tuesday, February 14.  Send work in PPT or PDF format.

Chapter 8 Web Investigation: Employment, Labor, & Wages

UPLOAD SLIDES HERE

Working alone or with one or two partner(s), create a series of slides to upload to the shared document below.  Each slide should contain the topic, a ONE sentence description explaining your example, and a pertinent image.  Focus on ONE geographic region or country. Please include the following:


I. An recent example (in the news, pick something we have not already discussed in class) of each of the following: picket, boycott, strike, lockout, seizure, injunction  (Slides 1-6)

II. An example of the following: company union, agency shop, modified union shop, closed shop.  Choose specific companies. (Slides 7-10)

III. Choose two example of occupations for each of the four classes of labor. (Slides 11-14)

IV.  Choose 2 items to compare using real v. constant dollars.  Compare "now" and "then," prices for each of the 2 items using the present and comparing it to wages from an earlier time (your grandparents' or parents' generation, for example).  (Slides 15-16)

IV.  Choose 2 professions in which you are interested.  Find the average salary for someone working in that profession today.  Then, research the following: How much would one's salary change in that profession between Central America and Europe, Asia, or the US?  Hoe much has one's salary in that profession increased over the last 50 years?  25 years? 5 years?  Finally, which of the theories for determining wage applies to that profession?  Explain why.  (Slides 17-18).

*You will have Friday, December 2 and Tuesday, December 6 to work on this during class.  Work is due BEFORE the start of the class on Wednesday, December 7.

Chapter 6 Review Guides for Test (PPT & Jeopardy): PRICE!

Click here for the Price PPT

Click here for the Jeopardy Game Review: Chapter 6 on Price

*Check out the links in the last post (Click on the "Econ tab" at the top of the page).  Practice using the interactive graphs to test your understanding. 


ATTENTION SENIORS:  

I'd like to ask you all a favor. . .it just takes 30 seconds of your time on Facebook (carefully read instructions at bottom of page!)

Nuestro Ahora, the nonprofit I began, is now working with some 20 orphanages throughout El Salvador where over 1,000 youth reside. A few days ago I entered the Chase Community Giving Contest on Facebook, and Saturday we were ranked 816th. This afternoon, Nuestro Ahora climbed to 108th! If we are able to make it into the top 100 charities (based on Facebook users' voting) we can win $25,000. First prize is $250,000. (Last year, an orphanage I visited in Rio Dulce, Guatemala won, and the director recommended we enter the contest this year.) As you can imagine, winning such a prize would allow us to dramatically increase our ability to help Salvadoran youth. . .and perhaps break ground on the scholarship house we've been dreaming of building.


Here are four simple steps to making a HUGE difference.

1. Click on the following link http://bit.ly/rFFd9I and log into your Facebook account.
2. Click on vote, then click on "Permit" Chase to access your profile page.
3. Click on "like" on the top left hand of the page (next to the hand).
4. Finally, click (again) on "vote" using the large green button at the center of the page. You'll know your vote is counted when you see the "Thanks for voting!" message and your picture appears below. (Be sure to "vote" and not just "like" Nuestro Ahora.)
PLEASE invite friends! and forward this message along freely. . .


Thanks!!

Class Portfolio: Kiva Loan to José Gilberto

On Friday, October 28, the class voted (below) and elected to lend $25 through Kiva to support José Gilberto, a farmer in Usulatan.  José Gilberto hopes to purchase 2 cattle to increase his farming profits to support his family. You can monitor his progress on his profile page on Kiva by clicking here.  The class has joined lenders supporting José Gilberto from as far away as Germany, Norway, and China.  The class is the most "local" donor.  José Gilberto will begin repaying his loan on Jan. 1, 2012, at which time the class will begin to see a return on the initial $25 lent out.  Monitor this progress by clicking here.  You can contribute to José Gilberto's loan by visiting the page above.

The loan will be locally handled by the San Miguel based NGO Fundacion Campo.  Learn more about the co-operative by clicking here.