Economics – 1/08/15

I.  Bellwork:

Which of the two measures listed below do you believe is the best for determining unemployment?  Explain.

Unemployment graphPage 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. Chapter 13 Learn Targets and Folder Maintenance:  Learning-Targets-Template

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
  • Chapter 13 Exam Short Answer Questions

V.  Classwork

Understand the importance of Economic Indicators

Page 369 Content Vocabulary  (11)

Page 375 Q&A 2-8Page 378 Review Questions Page 20-28, 30 & 33 Q&A


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