Economics – 12/19/18

I.  Bellwork:  Business Week News Clip Page 346 

1. Summarize the article. ( 3-4 sentences)
2. What words or phrases express the author’s point of view?
3. Do you believe income inequality is a problem in our society?  Explain why or why not.

II.  Objective

• Analyze the stages in the business cycle, their impact on the economy, and fiscal and monetary policies used  by government to smooth periods of rapid growth and decline to achieve economic objectives.
• Explain and identify  the stages of the business cycle and events leading up to and following the Great Depression.
• Evaluate an author’s premises, claims, and evidence by corroborating or challenging them with other information.

III. Videos – watch this

• (Macro) Episode 23: Business Cycles

IV.  Notebook –Copy and label the figure below

 

 

 

 

 

 

V.  Classwork- Everything is due today (half off tomorrow) No time to waste

• Page 353 Vocabulary (12) – these are not the words you did yesterday
• Page 359 – Q&A   2, 3 & 5

Economics F2018