Economics – 4/08/2016

I.  Bellwork Q&A  (See chart below)

Country	Unemployment Rate	% of Average Wage Received in Unemployment Benefits	Length of Time Benefits Are Paid
U.S.	4.6%	48%	6 months
Japan	4.2%	51%	1 year
France	9.7%	58%	2 years
Germany	10.4%	36%	5 years
Source: The World Factbook, 2007.

1. Which country had the highest unemployment benefits in 2007?
2. Which country had the lowest unemployment benefits in 2007?
3. Which country pays unemployment benefits for the shortest amount of time?
4. Do you believe it is better to pay a large unemployment benefit or a smaller unemployment benefit to the unemployed? Explain why.
5. How long do you believe someone should receive unemployment benefits?  Explain your answer.

II. Objectives

• identify a claim statement, cite evidence and the reasoning used based upon reading and discussion of an excerpt on outsourcing.
• construct  a thinking map t illustrate how fiscal policy is applied to the various phases of the business cycle

III.  Economics M-Step Review Quiz

IV.  Discussion\Notebook Work

A.  Unemployment Rates by State

B.  Unemployment Interactive

C.  Wall Street bank says U.S. unemployment isn’t 5%

D.  Fiscal Policy and the Business Cycle

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

V.  Classwork

A.  Page 375 2-8 Q&A

B.  Outsourcing Pgs. 502-503 Q&A

Define offshoring/outsourcing

Identify the question being asked

Create a claim to support and a claim again

Cite the evidence the author uses to back each claim

Cite the reasoning each used to explain why the  evidence is important.

Explain which opinion do you support and why?

 

Economics W2016