Economics – 12/11/18

  I. Bellwork: Q&A

  A.Construct a formula which demonstrates what needs to happen to cause each of the following:

1. Surplus
2. Deficit
3. Balanced Budget

  B.  Explain the difference between the deficit and the debt.

II. Objective:

• Examine the issues surrounding taxation, spending, and the budget crisis.
• Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence
• Integrate information from diverse sources into a coherent understanding of an idea or event

III.  Chapter 10 Quiz– Tomorrow

• Chapter 10 Review– Due tomorrow for Extra Credit
• Review Your Chapter 10 Notes
• Actions taken my Gov’t to balance the budget
• Fiscal Policy

IV.  Classwork

A.  D.C. Forgets About the Debt

• Four Square

B.  I.O.U.S.A.: Byte-Sized – The 30 Minute Version

• 1-paragraph: If you were in charge of the federal budget, what are some ways you would attempt to reduce the deficit? Be Specific about taxes and spending

 

Economics F2018