Economics – 3/20/2017
I. Bellwork:
A. Construct a formula using <,=, or > which demonstrates what needs to happen to cause each of the following:
- Surplus
- Deficit
- Balanced Budget
B. Explain the difference between the deficit and the debt.
II. Objective:
- Demonstrate and apply an understanding of the various aspects of fiscal policy (spending and taxation) and its impact on society.
- Determine the central ideas or information and provide an accurate summary that makes clear the relationships among the key details and ideas.
III. Discussion/Notebook
- Flow Map; Deficit- Borrowing- Debt
IV, iLean Quiz 10.1 & 10.2 Quiz W2016
V. Chapter 10 Review– Due Wednesday for Extra Credit
VI. Classwork
A. D.C. Forgets About the Debt
B. Page 277 Vocabulary (12)
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