Economics – 5/20/11

I.  Bellwork:

Page 381 Analyzing the Issue 1-3 Q&A

II. Objective

  • Examine the history of modern day banking the creation of the Federal Reserve

III.  Federal Reserve Video & Discussion

Fiscal Policy and the Federal Reserve Board

The Federal Reserve Act of 1913

IV.  Classwork

  • Pg 397  3, 5-7 Q&A
  • Page 390 Vocabulary (14)

V. Chapter 13 iLearn test end Sunday Night

Review your notes

  • Phases of the Business Cycle
  • Types of Inflation, Causes and Consequences
  • Unemployment, Sources of Unemployment, and Costs of Instability

VI.  Senior Final Exam Review Sheet –  Does not include Chp 14 or 16


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