You will have the first half of the period to finalize your team presentations.
Month: March 2017
March 20 – 22, 2017 PARCC Testing and Teamwork
Alternate schedule on my Home page for all of this week.
Teamwork for the China Dynasty Project
Presentations are scheduled for Thursday March 23 and Friday March 24.
March 15 & March 16, 2017 Quiz 3A & International Trade
Objective: Students will demonstrate what they know about Productivity, Gross Domestic Product and Standard of Living by taking Quiz 3A.
Click here to take Quiz 3A
Do Now: Respond in Google Classroom
- How does a tariff impact international trade?
- How is Outsourcing different from Offshoring?
- What is the difference between a Licensing and Franchising?
Objective: Students will discuss International Trade and the barriers that can limit it based on the homework reading and capturing the key concepts using the International Business Note Catcher.
Students will learn about Balance of Trade by watching a video that can be found on the Video page under the Class link at the top of this page. Students will work in their teams on the project.
Homework:
Homework: Read Get United LAP EC-005 and answer the Total Recall Questions on pages 6 & 8 in a Google Doc attached to the assignment in Google Classroom.
March 13 & 14, 2016 Quality Management
Objective: Students will demonstrate what they know about Fixed, Variable Costs, Breakeven and Organized Labor. Students will discuss Quality and Quality Controll based on the homework reading using the Quality Notecatcher
Handy Guide to TQM
Cost of Quality
Homework: Read the following articles
- Ways to Export and Import,
- Read p 84-110 in Business in a Changing World textbook
- Answer questions 8-10 on page 113 in a Google Doc attached to the Google Classroom assignment.
Project #4 China Dynasty
Project Description:
Individually, students will conduct secondary research to develop a written report comparing the production of goods in the U.S. to the production of goods in China.
Part 1 Individual Report
Each student will individually conduct secondary research and develop a three-page written report (double spaced 12 pt Times New Roman font with cited sources and bibliography) covering the following concepts that compare the production of goods in the U.S. to the production of goods in China:
- Comparison of China and U.S. workforces (size, education, income, union vs. non-unionized, trends in productivity, etc.)
- Reasons U.S. companies have goods produced in China and reasons China chooses to produce goods for U.S. companies
- How U.S. companies get goods produced in China (import/export from other companies, wholly owned subsidiaries, etc.)
- How off shoring impacts the domestic economy
- What problems U.S. companies encounter with goods produced in China
- How quality issues with goods produced in China could be addressed
- Sources to help you get started (you may use one of these and find at least three more on your own minimum of 4 cited sources)
- Doing Business in China: Five tips for Success
- Ten Principles for Doing Business in China
- American Manufacturers Should Get Ready to Each China’s Lunch
- Adjusting to China
- The China Vision
The report will be graded using this Written Report Rubric
The Oral Presentation will be graded using this Oral Presentation Rubric
Part 2 Team Work
After completing their individual reports, each team of students will be given a stuffed animal and assigned the task of determining where they want to produce that item—in China or in the U.S. To make their decision, each team will need to consider a number of factors, including:
- How to produce the stuffed animal
- What issues or risks might arise in production
- How to deal with those issues and risks
After considering these factors, each team will develop and use a decision matrix to select where to produce its stuffed animal and then present an oral report explaining:
- Where the team chose to produce the item
- What risks are involved in making the stuffed animal in the selected location
- How the team would deal with these risks.
Time Frame
03/03/2017
- Test 1
- Project Introduction
03/06 & 07/2017
- Briefing Specialization of Labor & Productivity
- Individual Research
03/08 & 09/2017
- Briefing on Fixed and Variable Costs
- Individual Research Continued
03/10/2017
- Briefing Standard of Living/GDP
- Individual Research Continued
- Individual report due next class
03/13 & 14/2017
- Briefing Nature of Quality & Quality Controls
- Individual Reports due
- Start Project #4 Group Contract, Group Plan China Dynasty Team Contract and Plan due next class
- Team work
- Each team will receive their stuffed animals to determine it should be produced in the U.S. or in China.
03/15 & 16/2017
- Quiz 3A (Outputs, Productivity, Standard of Living)
- Briefing on International Business
- Teamwork Project Contract and Plan Due.
03/17/2017
- Briefing on Organized Labor
- Teamwork
03/20 & 21/2017 (30 min classes PARCC Testing)
- Quiz 3B (Organized Labor, Fixed and Variable Costs, Breakeven Analysis)
- Teamwork
03/22/2017 (30 min classes PARCC Testing)
- Teamwork
03/23 & 24/2017
- Team Oral Presentations
March 10, 2017 GDP & Standard of Living
Objective: Students will learn about Gross Domestic Product and Standard of Living by reading articles and watching videos. Students will capture what they learn using the Gross Domestic Product Standard of Living Note Catcher. Students will continue their individual research for the paper due on March 13 & 14, 2017.
Watch these two videos:
Homwork: Read the following articles on Quality Management
Individual Reports due March 13 & 14, 2017
Quiz over Outputs, Productivity and, Standard of Living on March 15, & 16 and , 2017
March 8 & 9, 2017 Fixed & Variable Costs
Objective: Students will learn how to identify Fixed cost, and Variable costs and calculate total cost total revenue the break even point.
Working with a partner, complete the Fixed and Variable Cost Worksheet due at the end of the period.
Fixed Costs = Costs of production that do not change with the volume of output produced
Examples of Fixed Cost:
- Rent
- Insurance
- Salaries
- Benefits
Variable Costs = Costs of production that change with the volume of output produced
Examples of Variable Costs:
- Raw Materials
- Packaging
- Shipping
- Hourly Wages
Graphing Fixed and Variable Costs
Total Cost = Fixed Costs + q(Variable Unit Cost) q=quantity produced
Average Cost = Total Cost/q q = quantity produced
Total Revenue = qp q = quantity sold p=price
Breakeven = The quantity needed so that Total Revenue = Total Cost
Total Revenue = Total Cost
qp = FC + q(VC)
Classwork: Using Fixed and Variable Cost Worksheet practice calculating costs. Due at the end of the period.
March 6 & 7, 2017 Productivity
Do Now: Respond to the following in a Google Doc attached to the assignment in Google Classroom:
- What is productivity?
- Why is productivity important to business?
- Why is productivity important to an economy?
- What are two ways that a business can improve productivity?
Objective: Students will explore how to improve productivity in a work environment. Working collaborative in their project teams they will review a case study and make recommendations for productivity improvements.
Wilson Football Factory Video
Assignment: In your project teams read and review the Productivity Probe Use the information in the Improving Productivity Guide. When you have made a recommendation turn it in to the Google Classroom assignment.
When finished with the Productivity Probe you may work on your Individual Report due on March 17, 2017
Homework: Read the following articles and be prepared to discuss next class.
Breakeven Point Analysis
Outsourcing Turns Fixed Costs into Variable Costs.
March 3, 2017 Test 1
Objective: Students will demonstrate what they know by taking Test1 covering Economics Review, Culture impact on economics, Supply and Demand, Prices, Innovation, Opportunity Cost, Decision Matrix. Students will be introduced to the next project China Dynasty Project #4.
Click here to take Test 1
Homework: Read LAP-EC-18 Make the Most of It and answer the Total Recall Questions on pages 5 and 8 in a Google Doc attached to the assignment in Google Classroom
March 1 & 2, 2017 Make the Most of It Presentations
Objective: Students will work in their teams to finalize their team presentations for 45 minutes and individual project diaries.
Due Today: Individual project diaries attach to the Google Classroom assignment.
Homework: Study for Test 1 covering:
- Economics Review
- Culture impact on Economics
- Supply and Demand
- Prices
- Innovation
- Opportunity Cost
- Decision Matrix
JFK High School of Business 