When we walked into the room yesterday all the lights were turned off and a couple projectors were playing vidoes of an actual stock exchange. The thing most people noticed was the candy all over the floor and tables. Each type of candy represented a different stock, and different colors of Laffy Taffy represented actual money. For example, banana was $5, cherry was $10 and so on. We then started our exchange, we had a few minutes to pick up as much candy as we could and gather it in our group. In the end I wished we would have gotten more at the beginning, my group was a little shy about grabbing the candy at first but it would have helped to have more to begin with. Then Mr. Kapptie wrote the prices of each type of candy on the white board. We aslo had gold and silver hersheys that represented actual gold and silver. Our class started trading pretty good right away and it became very hectic. Mostly because the prices changed every two minutes and we never knew if it would be positive or negative. This made us think about our actions more.
At first my group started trying to get as much gold as possible. We realized that some of the other candy had a lot of potential to grow a lot though too. Mr. Kapptie told us that Mr. Goodbars owner was in a scandal so we sold most of ours and bought it back when it was cheap because we thought it would go back up again. It also helped taht we had several Krackle bars when their company split. In the long run though, our gold was our biggest profit. In the end we had a little over $3000.
Tuesday, November 15, 2011
Vocabulary Week 8
accounts recievable- money owed to you.
-Im wating for my accounts recievable before I buy a new ipod.
amoratize- installment, payment, or payments of a sinking fund.(Paying off)
-I am amoratizing my house loan, it should be payed off in 5 years.
economic index - data on a macroeconomic scale, economic measurnemts.
-The economic index shed me that the economy has went up since yesterday.
depriciation- making the value less
-Because the car was facing a deprication, it sold for a lot less than the origional price.
gross margin- a companys total sales revenu minus it's cost of goods sold, divided by the total sales revenue, expressed as a percentage.
-The gross margin of the toy was $4.
-Im wating for my accounts recievable before I buy a new ipod.
amoratize- installment, payment, or payments of a sinking fund.(Paying off)
-I am amoratizing my house loan, it should be payed off in 5 years.
economic index - data on a macroeconomic scale, economic measurnemts.
-The economic index shed me that the economy has went up since yesterday.
depriciation- making the value less
-Because the car was facing a deprication, it sold for a lot less than the origional price.
gross margin- a companys total sales revenu minus it's cost of goods sold, divided by the total sales revenue, expressed as a percentage.
-The gross margin of the toy was $4.
Wednesday, November 9, 2011
Game Standards
1. Students formulate solutions to economic problems
While playing the game, we face many of the same financial and economic problems that people see in real life. For examle, in order to build certain buildings I have to think about the amout of electricity i need and I have to have a certain amout of eco "points." I also have to gain certain tools in order to hire people. After I built my buisness center, i couldnt open it at first because I didnt have the right tools in order to hire an employee. So we have to think through the situations and work around problems we face along the way as well.
2.Students explain how different economic systems are organized for production, distribution, and consumption of goods and services
Just like in real life, in the game we build necessary building such as houses and apartments, we also build post offices, taxi stands, factories, and buisnesses. Pretty much all of the things that are used in an economic system. The shoe factory makes the shoes(production) and in return they have to be sold as well(distribution), the taxi service and apartments bring in rent(consumption). Besides just building the we go through the economic system in the game as well.
3.Students demonstrate an understanding of economic principals that influince individual financial planning
There are many things to buy in the game. At first I found myself spending all of my money as fast as I could so I could start my city off well. Then i realized that certain buildings and items are more important to have than others. Once I learned that I had to start planning what I needed most, and what items I would need in the future so I could start saving my money to purchase the things that will help me in the long run. i also had to learn how to use my city bucks sparingly so they werent wasted on useless things.
4.Students evaluate the impact of technology and how it has shaped history and influinced the modern world
Technology is used in many ways in the game. The first thing that comes to my mind are the windmills, they arent computers or ipads, but they generate electricity which is a huge form of technology. Technology is whats shaping the modern world. We can talk to eachother in an instant, play games together on a network, teach over the internet, etc. Technology could be taking some peoples jobs but it is also creating a lot of oppertunities that people before us never even imagined having.
5.Students analyze current events to better understand the world in which they live
Even in the game we get oppertunities to travel to other peoples countries. We also celebrate holidays like halloween, by doing this we gain extra money or are able to expand our employee choices. Like in real life, being involved with other people and keeping up to date can help us in the game.
6.Students explain how past events impact present and the future
The way you spend your money, decide on what buildings to build, and the layout of your city is affected the minute you make a decision. If you make bad choices early in the game its harder to come back from and it might take longer to get to the next level. Also, some choices you make are stuck for good and you will have to build around it in the future.
7.Students interpret charts, maps, and graphs to answer questions dealing with people places events or enviornments.
There are several charts on the game that show what level you have to be on to be able to build certain buildings. They also show what you need to be able to hire certain people and what economic and electrical rating you have to have to build buildings. The game also shows you what your strengths are and what you need to move on to the next level.
8.Students demonstrate an ability to organize and process information about people, places, and enviornments.
You have to set up our city in an organized and usable way. Everything has to by fully visible and it's best to put buisnesses seperate from houses so it is easy to see everything you have. Along with that we have to put parks and ecological sites in order to make up for buisness polution and build windmills, etc to run buisnesses electricity.
While playing the game, we face many of the same financial and economic problems that people see in real life. For examle, in order to build certain buildings I have to think about the amout of electricity i need and I have to have a certain amout of eco "points." I also have to gain certain tools in order to hire people. After I built my buisness center, i couldnt open it at first because I didnt have the right tools in order to hire an employee. So we have to think through the situations and work around problems we face along the way as well.
2.Students explain how different economic systems are organized for production, distribution, and consumption of goods and services
Just like in real life, in the game we build necessary building such as houses and apartments, we also build post offices, taxi stands, factories, and buisnesses. Pretty much all of the things that are used in an economic system. The shoe factory makes the shoes(production) and in return they have to be sold as well(distribution), the taxi service and apartments bring in rent(consumption). Besides just building the we go through the economic system in the game as well.
3.Students demonstrate an understanding of economic principals that influince individual financial planning
There are many things to buy in the game. At first I found myself spending all of my money as fast as I could so I could start my city off well. Then i realized that certain buildings and items are more important to have than others. Once I learned that I had to start planning what I needed most, and what items I would need in the future so I could start saving my money to purchase the things that will help me in the long run. i also had to learn how to use my city bucks sparingly so they werent wasted on useless things.
4.Students evaluate the impact of technology and how it has shaped history and influinced the modern world
Technology is used in many ways in the game. The first thing that comes to my mind are the windmills, they arent computers or ipads, but they generate electricity which is a huge form of technology. Technology is whats shaping the modern world. We can talk to eachother in an instant, play games together on a network, teach over the internet, etc. Technology could be taking some peoples jobs but it is also creating a lot of oppertunities that people before us never even imagined having.
5.Students analyze current events to better understand the world in which they live
Even in the game we get oppertunities to travel to other peoples countries. We also celebrate holidays like halloween, by doing this we gain extra money or are able to expand our employee choices. Like in real life, being involved with other people and keeping up to date can help us in the game.
6.Students explain how past events impact present and the future
The way you spend your money, decide on what buildings to build, and the layout of your city is affected the minute you make a decision. If you make bad choices early in the game its harder to come back from and it might take longer to get to the next level. Also, some choices you make are stuck for good and you will have to build around it in the future.
7.Students interpret charts, maps, and graphs to answer questions dealing with people places events or enviornments.
There are several charts on the game that show what level you have to be on to be able to build certain buildings. They also show what you need to be able to hire certain people and what economic and electrical rating you have to have to build buildings. The game also shows you what your strengths are and what you need to move on to the next level.
8.Students demonstrate an ability to organize and process information about people, places, and enviornments.
You have to set up our city in an organized and usable way. Everything has to by fully visible and it's best to put buisnesses seperate from houses so it is easy to see everything you have. Along with that we have to put parks and ecological sites in order to make up for buisness polution and build windmills, etc to run buisnesses electricity.
Thursday, November 3, 2011
Friday, October 28, 2011
Tuesday, October 25, 2011
Vocab week 6
21.Economy- the large set of related economic production and consumption acitivities which aid in determining how resources are used.
-The economy has been down a lot lately which caused a lot of worries in the United States and other countries.
22.Economic System- the system of production, consumption, and distribution
- The economic system effects every type of buisness.
23.Supply and Demand-higher demand equals higher prices, then the supply increases which means lower prices.
-Walmatrs new product became very popular so the price when up, but when mass quantities were produced the price went back down.
24.Intrest- amount of extra money you pay when your in the process of paying something off.
- When i put money in the bank, I earn intrest while it is in there.
-The economy has been down a lot lately which caused a lot of worries in the United States and other countries.
22.Economic System- the system of production, consumption, and distribution
- The economic system effects every type of buisness.
23.Supply and Demand-higher demand equals higher prices, then the supply increases which means lower prices.
-Walmatrs new product became very popular so the price when up, but when mass quantities were produced the price went back down.
24.Intrest- amount of extra money you pay when your in the process of paying something off.
- When i put money in the bank, I earn intrest while it is in there.
Monday, October 24, 2011
Occupy Wallstreet
I disagree with the occupy wallstreet movement because I firmly believe that people can make a living for themselves without having to blame the government for bumps in the road. Even children in poor families have oppertunities to get scolarships, they can join the milirary which helps with college, and sometimes we do have to take jobs we dont want to earn enough to move up. I also think its hard for us to make it right to take rich people money just because they are rich. I can find many reasons to back up the 53%.
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