The Week #8 winner is...

Emily Gac!  Congratulations.  After attaining the lead last Friday and then shooting up to $260,000 it looked like Emily was just going to walk away with the title.  However, that was before a very turbulent week that saw her lead erode and saw Travis French and Zeb Jordan share the lead Thursday before Emily was able to come back to finish with $127,120.17, giving her a $613.22 lead over Zeb.  Our two time champion Kylee Lane saw her fortunes drop as she moved down to #28.  Can she make it back to the top next week?  Great job all!

Economic Theory through the years. Looking for Responses

Economic Theory

Which economic theory do you agree with and why?? Give some clear details and examples.

Which economic theory do you totally disagree with and why??  Give some clear details and examples for this as well.

New York State Health Insurance Comparison. This may interest your parents more than you!

NYS Insurance Comparison PDF

Video on Medicare Fraud...feel free to comment

60 Minutes Video.  1st Subject
How could this happen?  Why is it so hard to find and then stop?  How much money is being wasted?

Week #8 Assignments

Monday: State Ed Department Survey.  Check the Blog.  Stock Market Game.  Check Book Covers Period 7

Tuesday: Go over Roman Numeral Pages.  Check Book covers Period 3.

Wednesday: Chapter 1--begin work

Thursday: Continue chapter 1

Friday: Chapter 1 Vocab Assignment due.  Next week, end of section questions.  Chapter 1 quiz.  Probably Tuesday 

Humor and Economics

How does e-trade use humor while still getting across information about their product?  Do you feel it's effective?

Nick Wilson Memorial Skatepark. Nike Banksgiving 6.0

Nick was a former student here in Newark Valley, class of 1998.  Great kid who died serving his country.  I miss him and thank him for his ultimate sacrifice!

State Education Department Survey--Must Take in Class Today

State Education Department Survey on Teaching slavery

Please click the link above and take the survey!

http://www.youtube.com/watch?v=_K0m3Bq-L5Y

http://www.youtube.com/watch?v=_K0m3Bq-L5Y

The Stock Market Game Goes Bananas!!!!

I have to miss a day of school for a memorial service and what happens to the game??  Emily Gac, Zeb Jordan, Jolynn Seymour all gain $75,000 or more in a single day!!  How is that possible?  Click on their transaction history and take a peak at how they have "jumped" (or should I say "JUNP-ed") to the top.  Great job guys!  What will be the next JUNP?  Ask Travis.  The same stock that I lost $2000 on he has made $26,000 on.  Will JUNP continue on or come back to earth?  Post what you think!

Proposed Budget Cuts could mean a 3% cut for NV

Click here to see how much $ NV will lose

How could the District either save the difference or raise income to make up the difference for the proposed cuts?  What do you think?  $411,000 is a pretty big chunk of change for our district.

Week 7 Stock Market Game winner is...

Wow!! What a week of trading and lead changes!  On Thursday alone, there were 7 different leaders perched atop the leader board at any given time.  Although, I rose from the ashes going from 47th place up to #2, I--nor anyone else in the senior class for the 2nd week in a row-couldn't catch Kylee Lane with $109,712.82 (the winner by $946.44)!  Congratulations on 2 weeks in a row!!  Who will win next week???  Stay tuned and we'll find out!

Budgeting Questions

Ramsey Budgeting Questions

60 Minutes Ponzi Scheme

We watched this in class, but not all got to finish it.

Week 7 Assignments

Monday: Review for budgeting, investing exam
Tuesday: Exam on budgeting & investing
Wednesday: Blog Assignment Due from last week.  Begin Work from Textbook
Thursday: 99% of your money must be invested in the stock market to receive full credit grade
Friday: Announce Winner of Week 7 Stock Market Game.  Finish Preliminary work from Roman Numeral pages of the book. Bookcover quiz.

Budgeting Questions for practice

Budgeting Quiz

1. The budgeting process starts with monitoring current spending.
True
False
2. Most short-term goals are based on activities over the next two or three years.
True
False
3. A common long-term goal may involve saving for college for parents of a new-born child.
True
False
4. Rent is considered a fixed expense.
True
False
5. Flexible expenses stay about the same each month.
True
False
6. The final phase of the budgeting process is to:
set personal and financial goals.
compare your budget to what you have actually spent.
review financial progress.
monitor current spending patterns.
7. An example of a long-term goal would be:
an annual vacation.
saving for retirement
buying a used car.
completing college within the next six months.
8. A clearly written financial goal would be:
To save money for college for the next five years
To invest in an international mutual fund for retirement
To establish an emergency fund of $4,000 in 18 months
To pay off credit card bills this year
9. An example of a fixed expense is:
clothing.
auto insurance.
an electric bill.
educational expenses.
10. What is commonly considered a flexible expense?
rent
a mortgage payment
home insurance
entertainment

BUDGETING QUIZ ANSWERS

1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
6. review financial progress
7. saving for retirement
8. To establish an emergency fund of $4,000 in 18 months
9. auto insurance
10. entertainment

The Financial Peace High School Curriculum videos...

These are the videos that we watched early in the semester.  Enjoy!!
Watch the sample videos on this page!!

Ramsey on Budgeting Basics

Title:

2009 Basics for Budgeting

Steve Forbes on the flat tax and a look at the "Fair Tax". due Friday, 10/23

According to Steve Forbes, what are some of the problems with the current tax system?  How does he illustrate this?  What is his solution?


Fair Tax Basic Beliefs

Look at the "Fair Tax" information.  What are some of their potential solutions?

Answer both sets of these question on a separate piece of paper to be turned in on Friday, October 23rd.

Leave comments on what you think about these tax reform ideas.  Have you heard of any other alternative tax plans?

Why budget? Let's look at the 1950...

What does this video tell you that budgets do?  What does it tell you budgets do not do?  What is something you saw you don't agree with?  What good ideas have not changed in the last 60 years?

landon swartwood

Cassidie Predmore

Week 6 Stock Market Game Winner is...

Kylee Lane with a net worth of $110,938.35! She had a narrow victory of $119.44 over Ray Hines. Harley Babcock was only a few hundred dollars behind as well. Great job!!

Test pushed back once again...

Due to the technical problems we experienced this week getting our accounts up and running, I've decided to move our test back to Tuesday. Still need to comment with your name on one of the posts, so don't forget! Send me any questions you may have at kwilliams@nvcs.stier.org or post a comment.

Stock Market Game Leader...Pretzel or Ice Cream

At the close of business Thursday to be determined!! Kylee's looking pretty tough but Ray and Jeff are close behind.

Stock Market Game Link

2009-10 Economics Stock Market Game Link

Subway

Another funny song, but how does Tim Hawkins use humor to point out what makes certain economic (and social!) decisions undesirable?

The Government Can

How does Tim Hawkins use humor to make a point?  What is his point and is it effective? Let me know what you think!

Saving Money this month...

What have you done to save money on a purchase or to put into savings this month?

1st Blog Homework

All you need to do to get your first hw grade for a blog is to comment on this post with your name. It doesn't get any easier than this!

STOCK MARKET GAME...

Every week you need to make sure that you are buying and selling a stock.  You will recieve a weekly grade for this as well as a chance to win a pretzel or ice cream during lunch on Friday. 

You need to have invested all of your money (at least $99,000) buy next Friday, October 23rd.

Week 6 Homework Assignments...

Week 6.
Friday, be ready for a budgeting, financial planning, stock market game exam.
Credit Crisis assignment is due.
Leader in the stock market game at the close of business on Thursday will get a pretzel or ice cream certificate for Friday's lunch!

Credit Crisis Video with Assignment

Credit Crisis Explained 11 minute video

This video shows in laymen's terms how we got where we are in the credit industry. 

Before you watch this video, write down what you know about America's credit crisis (as it relates to mortgages). 

After watching the video, with a partner, write a 1 paragraph synopsis of what has caused the credit crisis and how another crisis can be avoided in the future.  This needs to be typed and turned in by Friday.

Assignment Annoncement

Beginning this week, all homework assignments will be posted to this blog.  Be sure to check back for changes!