Class Archive

Thursday and Friday, September 17 and 18, 2020


Quiz 1


You will be given a five-question quiz plus bonus on the following material.  Just follow along with SiR’s instructions.


The Economist as Scientist


  • Introduction (page 20)
  • The Scientific Method: Observation, Theory, and More Observation (page 20-21)
  • The Role of Assumptions (pages 21-22)


Presentation:  Chapter 2:  Thinking Like an Economist / The Economist as Scientist / Day two of three


Today we’ll look at economic models and introduce you to the circular flow and production possibilities frontier model.




Study the second part of The Economist as Scientist which you can find on pages 22 to 27.  You are responsible for the following material:


Economic Models (page 22)


  • Our First Model: The Circular-Flow Diagram (pages 22 to 24)
  • Our Second Model: The Production Possibilities Frontier (pages 24 to 26)
  • Macroeconomics and Microeconomics (pages 26 to 27)




Do the Quick-Quiz questions based on the Quick-Quiz material found on page 27.




Prepare for a five-question quiz and bonus based on the study material above for next time.


Monday and Tuesday, September 14 and 15, 2020


A Look at the Upcoming Week


News Review




Two presentations for you to start you off in the right foot.  The first is a look at how to take formal notes in this class.  We’ll be using a variation of the Stanford format and will be using paper that will be provided for you.


Afterward you’ll be learning about class quizzes that will be starting the next class session.


Presentation:  Chapter 2:  Thinking Like an Economist / The Economist as Scientist / Day one of three


The purpose of Chapter 2 is to familiarize you with how economists approach economic problems. With practice, you will learn how to approach similar problems in this dispassionate systematic way. They will see how economists employ the scientific method, the role of assumptions in model building, and the application of two specific economic models.  You’ll will also learn the important distinction between two roles economists can play: as scientists when we try to explain the economic world and as policymakers when we try to improve it.


Today we’ll look at where economics fits within the spectrum of learning.  Is it an hard or soft science?




Study the first part of The Economist as Scientist which you can find on pages 20 to 22.  You are responsible for the following material:


The Economist as Scientist


  • Introduction (page 20)
  • The Scientific Method: Observation, Theory, and More Observation (page 20-21)
  • The Role of Assumptions (pages 21-22)




Prepare for a five-question quiz and bonus based on the study material above for next time.


Thursday / Friday, September 10 and 11, 2020


Assessment: Chapter 1 Test


You will be given a standard multiple-choice test of 25 questions which will be made available on Google Classroom.  You will be given 30 minutes to do the exam.  If the class finishes before the 30-minutes are up, the test will be called.


After the exam the results will be released and you will be able to check your answers.  SiR will be answer any questions about individual test questions if there are any.


This test is in, itself, a test or your integrity.  There is no way that SiR can check to see if you are using cheat-sheets or have your textbooks or notes nearby to help you cheat.  However, any instance to cheating will ruin it for the rest.  If it happens, the format of the exam will be switched to an open-book, open-note exam which, be design, MUST be more difficult.  You know the type of questions in the back of the chapter?  Something at that level that even with the books and notes unless you know your stuff you won't be able to finish even half of it.  Please don't let yourself or others down then, by cheating.


Cheating, of course, is in violation of the school's academic code.  Your name will be given to your counselors and will find their way to College admissions.  Will cheating on a lowly Economics test be worth losing out on your dream of Berkeley or Harvard?


All economic classes will be given different tests and no questions are repeated.


Monday / Tuesday, September 7 and 8, 2020


Due by Wednesday, Midnight:


Finished notes for chapter 1.


Either scan or make a .jpg of your notes for submission to Google Classroom.


Chapter 1 Review Worksheet / In-Class Work


We will be reviewing your worksheets in class.  Have a copy out and we'll be answering together.  Unlike an in-person class, SiR will have a list of your names which will be randomized.  He will call you to answer a specific question which you're obligated to answer as you've already done the work, right?  He will do some follow up as well, so be ready for it.  Anyone else can answer if they have anything new to add afterward, if they choose for extra points.


It is possible to be called more than once.


News Review (if time)


Thursday (period 3) and Friday (period 6), September 3 and 4, 2020


Chapter 1 Review Worksheet / In-Class Work


A worksheet will be made available on Google Classroom to work on.  The idea behind this work is to get you to think through the material that has been presented and to make sure your completely understand the concepts given.


Write or type our your answers on your paper to the best for your ability and understanding.  Finish as homework.


SiR will be monitoring your work during our time.  If you have any questions he will have chat mode open and we can talk one-on-one.


We will review this material in class next time.


News Review (if time)




Complete the worksheet and submit to Google Classroom on or before Saturday, September 5th at midnight.


Test Alert!


You will be tested on chapter 1 during the 2nd session (Thursday or Friday).  You will be given a maximum of 30 minutes to work on it.  Once everyone has finished the key will be released.  We will spend the rest of the period reviewing the exam unless everyone has done so well that we don't need to.  If not, then you'll either get a lesson on college or personal finance.


Monday (period 3) and Tuesday (period 6) August 31 and September 1, 2020


Homework Review


We'll be taking a quick look at some of your answers to the homework you submitted last Saturday.  Don't panic!  No names will be used...yet...




We'll finish with our introduction unit to Economics by continuing with its fundamental principles:


  •     Principle 5:  Trade Can Make Everyone Better Off
  •     Principle 6:  Markets are Usually a Good Way to Organize Economic Activity
  •     Principle 7:  Governments Can Sometimes Improve Market Outcomes
  •     Principle 8:  A Country's Standard of Living Depends on Its' Ability to Produce Goods and Services;
  •     Principle 9:  Prices Rise When the Government Prints Too Much Money;
  •     Principle 10:  Society Faces a Short-Run Trade-off between Inflation and Unemployment


Below are the two videos in the presentation that SiR was unable to show you in class but are part of the presentation AND are part of your homework as well (see below).


•      Why Capitalism Works / Prager University

•      Here's Why Capitalism SUCKS! -- and why it needs to end! / Non-Compete


News Review (if time)




Study pages 8 to 13 (4th edition) or 8 to 15 (8th edition) of your textbook on how people interact and the principles discussed in class today.  Answer the questions based on the QuickQuiz questions which you can find HERE (Period 3/Period 6) or on Google Classroom.  The material is due on or before MIDNIGHT, THURSDAY SEPTEMBER 3.


Thursday (period 3) and Friday (period 6), August 27 and 28, 2020




An introduction to the first four principles of economics you’ll be reading about in your textbook.


    Principle 1:  People Face Trade-offs

    Principle 2:  The Cost of Something Is What You Give Up to Get It.

    Principle 3:  Rational People Think at the Margin

    Principle 4:  People Respond to Incentives


You will need to take formal notes on this material which you will be turning in next week.  SiR is NOT looking for a word-by-word transcript, but an interpretation based on your understanding.


Textbook Reading:


Read chapter 1 Ten Principles of Economics pages 3 to 8 which covers this material.




Go to THIS LINK on Google Classroom for a worksheet you can either print out or type directly on.  It is based on the "Quick Quiz" question on page 8.  Follow the instructions and submit by midnight this Saturday (Sunday morning) August 29th.


Monday (period 3) and Tuesday (period 6) August 24 and 25, 2020


Class Introduction


Welcome to Senior Economics.  You'll need to pass this class with flying colors in order to graduate, and there are parts of it that are a bit of challenge.  Luckily, most of you have had Mr. Rosenberg before so there won't be as great a learning curve.


Mr. Rosenberg (SiR) will be annual mangling of your names (taking roll to those who don't know SiR) and then will give you an overview of the class and basic class rules.  We’ll review the class expectations, set you up for automatic texting, and then to a short discussion (if there is time) on what exactly is Economics and why are you have to take it.


You can find the class introductory video in the videos tab.