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!*While Economics is not a core requirement for High School graduation, it is often taught as an elective course in Utah. Course descriptions created by teachers will often follow national standards.

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:

• CLICK HERE FOR ZOOM LINK FOR LIVE-STREAM CLASSES
• The beginning of each class (with daily objectives and journal question) will be recorded for EACH DAY (and uploaded to the calendars). PAST DATES WILL SHOW UP AS LINKS, WHICH WILL GIVE YOU THOSE VIDEOS
• For lecture days, the entire lecture will also be recorded and uploaded, for Cadets who prefer that to reading the PDF or print-outs themselves.
• Your grade will be shown and accurate on Aspire, NOT Canvas! (Canvas and my website are mirrored schedule and links for assignments and notes)
• Direct any questions to MAJ Curtis at jcurtis@utahmilitaryacademy.org

ECONOMICS B2 Schedule – Fall 2023

Thursday, Aug 17 – Classroom Orientation / Disclosure (DUE Aug 24)

Tuesday, Aug 22 – NOTES – Day 1 – Introduction to Economics

Thursday, Aug 24 – Island Survivor Activity

Tuesday, Aug 29 – NOTES – Day 2 – Scarcity, Wants, and Needs

Thursday, Aug 31 – QUIZ – Economic Basics / Scarcity (DUE by Sep 5)

Friday, Sep 1 – NOTES – Day 3 – Economic Systems

Tuesday, Sep 5 – STUDY GUIDE – Economic Basics (DUE Sep 12)

Thursday, Sep 7 – JEOPARDY / Finish Study Guide / Prepare for Test

Tuesday, Sep 12 – TEST – Economic Basics (DUE by Sep 19) / Extra Credit Article

Thursday, Sep 14 – NOTES – Day 1 – Price, Cost, and Money

Tuesday, Sep 19 – Cookie Value Activity (DUE Sep 22)

Thursday, Sep 21 – NOTES – Day 2 – Supply and Demand

Friday, Sep 22 – Supply and Demand Worksheet (DUE Sep 28)

Tuesday, Sep 26 – Quiz – Price, Cost, Supply, Demand (DUE by Oct 3)

Thursday, Sep 28 – NOTES – Day 3 – Determinants of Supply and Demand

Tuesday, Oct 3 – Study Guide – Supply and Demand (DUE Oct 6)

Thursday, Oct 5 – Jeopardy / Review For Test

Friday, Oct 6 – TEST – Supply and Demand (DUE by Oct 17) / Extra Credit Article

Tuesday, Oct 10 – Shark Tank Intro (Watching and Evaluation Episode)

Fall Break Oct 12-13

Tuesday, Oct 17 – NOTES – (For Shark Tank) Business Motivation

Thursday, Oct 19 – Shark Tank Group and Idea Forming / Work

End Term 1 (21 days)

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Tuesday, Oct 24 – Shark Tank Work (Handouts DUE Oct 31)

Thursday, Oct 26 – Shark Tank Work (DUE Nov 7)

Tuesday, Oct 31 – Shark Tank Focus Group

Thursday, Nov 2 – Focus Group AAR / Shark Tank Work

Friday, Nov 3 – Final Shark Tank Prep

Tuesday, Nov 7 – UMA SHARK TANK

Thursday, Nov 9 – SHARK TANK AAR – Self Reflection / Group Evaluation (DUE Nov 16)

Tuesday, Nov 14 – NOTES – Day 1 – Government Interventions

Thursday, Nov 16 – NOTES – Day 2 – Debt and Deficit

Friday, Nov 17 – Quiz – Gov’t and Debt (DUE by Nov 28)

Thanksgiving Break Nov 20-24

Tuesday, Nov 28 – NOTES – Day 3 – Failures – Market and Government

Thursday, Nov 30 – Study Guide – Gov’t and Econ (DUE Dec 5)

Tuesday, Dec 5 – Jeopardy / Review For Test

Thursday, Dec 7 – TEST – Government and Economics (DUE by Dec 12) / Extra Credit Article

Friday, Dec 8 – NOTES – Day 1 – Macroeconomics

Tuesday, Dec 12 – NOTES – Day 2 – GDP

Thursday, Dec 14 – QUIZ – Macroeconomics and GDP (DUE by Dec 19)

Tuesday, Dec 19 – Extra Credit – 12 Days of Christmas (Holiday Activity)

Winter Break Dec 20-Jan 2

Thursday, Jan 4 – NOTES – Day 3 – Labor Force

Friday, Jan 5 – TEST – Macroeconomics (OPEN NOTE)(DUE by Jan 9) / Extra Credit Article

Tuesday, Jan 9 – Ten Rules for Life (Final Lesson)

Thursday, Jan 11 – TBD (Class Party?)

End Term 2 / Semester 1 (22 days)

*SUBJECT TO CHANGE (Changes will be updated weekly on class website and Canvas)

Direct any questions to MAJ Curtis at jcurtis@utahmilitaryacademy.org