Tuesday, 10 February

Upcoming due dates: 
Full Rough Draft of "Future (Financial) History," 17 / 18 February 
Vocabulary Test on 23 February

Periods 2 and 3 studied this lecture on Production Possibilities Frontier (PPF). After working on the reflection activity (below) students studied a lecture on Opportunity Cost.

Next students worked in pairs to review and reflect on the rough draft of their "Future (Financial) History" story.

Mr. Zartler checked the assignment on compouding interest.

FIRST DRAFT OF FUTURE (FINANCIAL) HISTORY REFLECTION

The first draft of “Your (Financial) Future” is due now. It should include the time periods of 2, 5, and 10 years from now.

The final rough draft is due on Tuesday /Wednesday 17/18 February. It should include the addition of 30 and 50 years from now, as well as revisions and edits from this draft.

You are to turn in your draft and well written, stand alone answers to the following questions today; your story and responses will be returned to you next class:

A) Circle the six required vocabulary words (wants; income; investment; credit; interest debt) in your story. Are each of these words used in a way that shows you know the economics meaning of the words? If not what do you need to add to your story?

C) Is your story organized period by period (by age) or subject by subject (e.g. living situation; work life; recreational and personal pursuits)? Why is it organized this way?

B) Does your paper describe both what you need and what you want at each phase of your life? Give examples of each.

C) What did you write about doing earlier in your life so that you could meet a need or a want later? What did you give up (what was the opportunity cost of) this investment in your future? Was this aspect of your story realistic? Why?

D) What do you still need to invest in so that you can meet a future need or want? What is the opportunity cost of this investment?

E) What is the least realistic part of this story? Why?

F) What is the most realistic part of this story? Why?