Economics – 5/29/15

I.  Bellwork:  Business Week News Clip Page 346  Q&A

1. Summarize the article. ( 3-4 sentences)
2. What words or phrases identify the author’s point of view?
3. Do you believe income inequality is a problem in our society?  Explain why or why not..

II.  Objective

• Analyze the stages in the business cycle, their impact on the economy, and fiscal and monetary policies used  by government to smooth periods of rapid growth and decline to achieve economic objectives.
• Explain and identify  the stages of the business cycle and events leading up to and following the Great Depression.
• Evaluate an author’s premises, claims, and evidence by corroborating or challenging them with other information.

III.  Videos

• Figure 13.1 Business Cycles
• (Macro) Episode 23: Business Cycles

IV.  Notebook –  Copy and label Diagram Below

Pages 356-357 – Create a Cause and Effect Map of the Great Depression & put it in your notebook

V.  Classwork

• Page 353 Vocabulary (12)
• Page 359 – Q&A   2, 3 & 5

Economics W2015