Economics – 1/15/16

I.  Bellwork

A.  Draw graph which illustrates demand-pull inflation.

B.  Provide a specific example of -demand-pull inflation

C.  Draw graph which illustrates cost-push inflation.

D.  Provide a specific example of cost-push inflation

II.  Objective:

• apply concepts, principles, and solve problems relating to the business cycle and inflation throughout their assessment.
• construct and economic model which demonstrates the concepts of demand-pull and cost push inflation.
• develop a claim statement with evidence based upon reading and discussion of an excerpt on outsourcing

III. Chapter 13 Test on Tuesday

IV.  Discussion\Notebook Work

Fiscal Policy and the Business Cycle

• When is the best time to cut government spending and/or increase taxes?
• When is the best time to increase government spending and/or decrease taxes?
• Is there a benefit to inflation?

V.  Outsourcing Claim Statement (5 summative points)

1. Explain outsourcing.
2. Do you agree or disagree with this business practice?
3. Explain your claim with evidence.

VI.  Chapter 13 iLearn Quiz

Economics F2015