12th GRADE ECONOMICS

Week 33: May 3 to 9, 2021

 

Schedule of Work and Activities

Rosenberg's Support Block

Monday to Friday, except for Wednesday.  2:00 to 2:30

NO APPOINTMENT NECESSARY! / NEW CODE: s6xb3cn

Monday / Tuesday, May 3 and 4, 2021

 

Preview of Week 33

 

News Review

 

Assessment: Chapter 4 Exam

 

We will review last week’s exam for errors or problems.

 

Personal Finances: Your Taxes

 

A quick look at personal taxes, including the ins & outs of how taxes are calculated, everything from deductibles to exemptions, as well as how our progressive tax system actually works, how to figure out if you need to pay federal taxes and why filing a tax return may actually make you money, how to file your taxes (from start to finish!).  We also cover tax-filling software, CPAs, IRS agents, and tax-filing chains, like H&R Block.

 

Thursday / Friday, May 6 and 7, 2021

 

News Review

 

Friday Advise

 

Presentation: Chapter 29

 

As we get to the last few weeks we’ll be exploring Macroeconomics a bit.  As we’re looking a personal finances as well, we’ll start with chapter 29 which deals with the monetary system.  It deals with money and prices in the long run.

 

You’ll develop an understanding of what money is, what forms money takes, how the banking system helps create money, and how the Federal Reserve controls the quantity of money. An understanding of money is important because the quantity of money affects inflation and interest rates in the long run, and production and employment in the short run.  By the time we’re finished you should have achieved the following objectives and should understand:

 

•    what money is and what functions money has in the economy.

•    what the Federal Reserve System is.

•    how the banking system helps determine the supply of money.

•    what tools the Federal Reserve uses to alter the supply of money.

 

Notes will be needed on this material as the presentation is given.