Economics – 5/21/13

I. Bellwork

• Primary and Secondary Sources 21 Stagflation

II.  Objective:

Students will apply concepts and principles relating to the three major economic indicators throughout their assessment.

III.  Poster Board Project Due Thursday:  Economic Poster Board Project

IV.  Understand the importance of Economic Indicators

• 13-3 Free Enterprise Activity 19
• 13 Free Enterprise Activities 18

V.  Chapter 13 Test Tomorrow

What to know?

• Identify Business Cycle Phases
• Recession and Depression
• What events led to the Great Depression and what followed?
• Changes in the Economy after WWII
• Different Types of Inflation (Hyper, Creeping, Stagflation)
• Different Causes of inflation (Wage Price, Demand Pull, Cost Push, Monetary Policy)
• Deflation
• Inflation Winners & Losers
• How inflation impacts the economy?
• Identify those not included in the labor force
• Types of Unemployment and examples 13-3 Free Enterprise Activity 19  & yesterday’s links
• Economic Indicators from 13 Free Enterprise Activities 18

VI.  Classwork

• Page 378 Review Questions Page 20-28, 30 & 33 Q&A

Economics W2013