Economics – 5/28/14
I. Bellwork
- Page R53 1-4 Q&A
II. Objective:
Students will review and apply concepts and principles relating to the three major economic indicators.
Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem.
III. Understand the importance of Economic Indicators
IV. Chapter 13 Test Tomorrow & Notebook Check
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
V. Classwork
- Page 369 Content Vocabulary (11)
- Page 375 Q&A 2-8
- Page 378 Review Questions Page 20-28, 30 & 33 Q&A
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