APMacro P5-6: IES Trade Session


IES_Summit
Improving living standards and the quality of life is your responsibility as an economic advisor. The trading session at the Summit is a great opportunity to achieve your country’s goals and demonstrate your superior trading ability. When you begin the Summit, you will receive an export coupon your export coupons (your country’s name will be on each coupon). During the trading session, you will trade (barter) your export coupons with other countries or you may buy and sell export coupons for cash.No coupons are to be exchanged prior to the trading session.

What is the Trading Session?
Your goal during the trading session is to exchange your export coupons for import coupons you will select as you generate your country’s strategic plan. You and your team will submit a list of import coupons you intend to obtain during the trading session at the Summit. The imports you select and submit for your strategic plan become the goals you must try to obtain during the trading session. You and your team can earn up to 20 points for meeting your import goals. At the end of the trading session, you may have some of your own coupons left over. No problem! Extra exports just mean you have a trade surplus. These coupons do not count toward your import goals.

Here is an example:
Let’s say the United Kingdom has 5 Consumer Goods coupons to export (these could represent clothes, washers and dryers, cars, or lawnmowers). In their strategic plan, the United Kingdom selected 3 Consumer Goods coupons to import (they wanted microwaves and coffee makers). At the end of the trading session, the United Kingdom has 3 Consumer Goods coupons, two coupons from Japan, and one of their own original Consumer Goods coupons. The Consumer Goods coupon with the United Kingdom label will not count toward meeting the import goals of their strategic plan.

Remember, you must trade, barter, or sell your export coupons for the import coupons you selected.


1) Strategic Planning on page 45 A, B, & C
2) Strategic Planning on page 46 A, B, & C
3) Strategic planning on pages 47-48 #1 – 8

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APMacro P2: Credit Report


Credit Report
Your ability to qualify for a loan depends on a credit report. A credit report is a record of an individual’s personal credit history. It is probably a good indicator of the applicant’s character and whether he or she will repay borrowed money as agreed. When someone applies for a loan, the lender will order a credit report to see how well the applicant has managed credit in the past. A credit report will tell, in detail, how much the person has borrowed, from whom, and whether the bills have been paid on time. Credit reports are compiled by credit bureaus, which regularly collect information on millions of consumers. Credit bureaus get information from a variety of sources, including stores, credit card companies, banks, mortgage companies, and medical providers. When you fill out an application for credit, the information on that application is also sent to a credit bureau.

Lenders look for certain qualities in loan applicants. These qualities are called the 3 Cs of Credit: capacity, character, and collateral.

  • Capacity refers to the loan applicant’s ability to repay the debt in question. The basic question is “Have you been working regularly in an occupation that is likely to provide enough income to support your use of credit?”
  • Character refers to questions asked to determine whether you are honest and reliable, thus likely to pay debts.
  • Collateral refers to assets that could be sold to pay off your loan in the event that you could not do so. Collateral serves as a type of insurance for the creditor.

A good rating on a credit report means that, in the past, bills have been paid on time. A poor rating indicates overdue payments or bills that have gone unpaid. It is extremely important to build and maintain a good credit history. A good credit report can often make the difference between getting a loan or being turned down. In addition, potential employers and landlords will often check an applicant’s credit report before making a final decision about offering a job or a renting out an apartment.

Mistakes can and do sometimes occur on credit reports. For example, a credit report may contain information about a different person with the same name as the applicant, or paid accounts may be listed incorrectly as unpaid. The law provides individuals with a means of requesting and reviewing their credit reports and having mistakes corrected. Under the Fair and Accurate Credit Transactions Act you have the right to get a free copy of your credit report from each credit bureau annually. The Fair Credit Reporting Act allows you to receive a free copy of your credit report if you are turned down for credit or are the victim of identity theft. The three largest credit bureaus are: Equifax, Experian, and TransUnion.

Credit reporting agencies summarize much of the information in your credit report into one credit score. The formula for computing credit scores was developed by Fair Isaac Corporation; the scores are commonly referred to as FICO scores. The scores range from 300 to 850, with the median score being 723. People with lower scores are more likely to be denied credit or charged higher interest rates. People with scores of 770 or higher will receive the best rates for loans. Scores of 640 or more will qualify applicants for fairly good rates. People with scores of 600 or less will have difficulty getting a loan. These people probably need credit counseling.

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Gov: Mock General Election


Election Results
For this activity, students represent states and are no longer members of a particular party. Therefore, they can choose a candidate from either party based on their own beliefs about the campaign issues and which candidates would be better for the offices of president and vice president.

During the campaigning session, the presidential and vice presidential nominees and their campaigners will crisscross the nation to meet voters. Candidate teams should consider and discuss this question. Which states should we focus on in our campaign, and why? Candidate teams will have 15 minutes for this campaign session. Presidential and vice presidential nominees can visit as many states as they want, together or separately, to encourage those states to vote for them. When a nominee makes a campaign stop, he or she can talk to multiple states in the area. No state can stop a nominee as he or she is traveling. A nominee is free to visit the states he or she chooses and may visit some states more than once or not at all.

At the end of the campaign session, students voted one candidate for the office of president. The percentage of the vote that each presidential candidate received was quickly calculate and the outcome of the popular vote was revealed to the class. The candidate students voted for in the popular vote happens to be the candidate who received the majority of votes in the state they represented. Therefore, that candidate will receive all the electoral votes from that state. Their electoral votes was tallied them and the candidate receiving the majority of electoral votes was announced as the winner.

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APMacro P5-6: IES Costume and Table Displays


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As economic advisors, you and your team can earn points for coming to the summit event in costume. A team costume identifies you as a group and makes it much easier for other economic advisors to find you and your team. A good team costume give your team a competitive advantage at the summit. Take advantage of the opportunity to be creative and earn points for your team.

There are three possible outcomes:
– No  evidence of costume, flag, or name tag.
– Two elements of a team costume are evident.
– Authentic or traditional country costumes or
..three or more elements of a team costume are evident.

Costume Elements

  • Costume t-shirt
  • Head gear
  • Map
  • Matching clothing styles
  • Name tags’Face paint
  • Flag
  • Matching color scheme

IES Table Exhibit Display
You and your team of economic advisors can earn points for coming to the summit event with a table display to give your team a competitive advantage at the summit. Take advantage of the opportunity to be creative and earn points for your team.

There are three possible outcomes:
– No evidence of flag, map, or country specific color scheme
– One to two elements of a table display are evident.
– Three or more elements of a table display are evident.

Table Display Elements

  • Country statistics
  • Flag displayed
  • Information creatively expressed
  • Food or artifacts displayed
  • Map(s) of country displayed
  • Country music or national anthem
  • Photos of country displayed
  • Matching color scheme

1) read Costume and Table Displays p.44

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Memorial Day


Memorial-Day
Memorial Day is a United  States federal holiday which occurs every year on the final Monday of May. Memorial Day is a day of remembering the men and women who died while serving in the United States Armed Forces. Formerly known as Decoration Day, it originated after the American Civil War to commemorate the Union and Confederate soldiers who died in the Civil War. By the 20th century, Memorial Day had been extended to honor all Americans who have died while in the military service.

APMacro P5-6: IES Long Term Development Project


haves-and-have-nots
You may select from six types of Long Term Development Projects at a cost of 5 WELCOs each. Long Term Development Projects are an excellent way to improve the standard of living for your country. Utilize your research to select between Education, Health Care, Infrastructure,  Conservation and environment, Security and Defense, and Transparent and Accountable Governance.

Your team will be awarded 5 points for each Long Term Development Project purchased with a maximum of 20 points.


1) read Want to Improve Living Standards p.32

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APMacro P5-6: IES Summit Bank Loan


IES%201
During the trade session, you and your team will be able to take out a loan from the Summit Bank. Loans can only be secured with your country’s export coupons as collateral. Each coupon will serve as collateral for 5 WELCOs. You must hold the loan for a minimum of 15 minutes. The fee for taking out a Summit Loan is a flat rate of 5 WELCOs.

Ten points are awarded to each team that successfully takes out and the repays the Summit Loan. You must complete the transaction during the Trade Session. A 10 point deduction will be taken from each team that defaults on a Summit Loan.

Time is the scarcest resource at the Summit. Careful planning is critical for your team’s success. It’s a good idea to select one advisor on your team to complete the loan process while the rest of the team is completing trades.


1) read Summit Tip No. 2 p.30
2) read IES Loan Document p.64

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