Economics – 12/21/2016
I. Bellwork:
- SAT Reading
II. Objective
- Distinguish between a surplus, a deficit, the national deficit, and national debt
- Examine the impact of deficits, surpluses, and the national debt on the private sector.
- Integrate information from diverse sources into an understanding of government spending, the deficit, debt, and its impact on the economy
III. Discussion & Notes
A. Chapter_10-2
- Mandatory & Discretionary Spending
- State & Local Expenditures
- Surplus & Deficit
- Deficit & National Debt
- Economic Impact of the Debt
IV. Discussion
- The Story of Spending (History of Gov’t Spending)
- Debt Limit (An Analogy)
- Crowding Out (Understand the concept)
V. Classwork
- 10-3 Guided Reading (Part II & Part III Q&A)
VI. Chapter 10 Review on iLearn– Test Friday (Chapters 9 & 10)
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