AP Economics – 3/01/19

I.  Bellwork:

After reading the link below:  Summarize and explain how the federal funds rate is used, it’s benefit and shortcomings.

• https://www.cbsnews.com/news/explainer-what-is-the-federal-funds-rate/

II.  Objectives:

• Set monetary policy by using the funds rate to achieve full employment and low price inflation.
• Determine the central ideas/information of the article about federal funds; provide an accurate summary that makes clear the relationships among the key details and ideas.
• Provide a conclusion  that follows from and reflects on what is experienced in the simulation

III.  Summative Classwork/Homework: 

A.  Select the link:  https://sffed-education.org/chairman/

1. Read and follow the directions on how to play the game.
2. When you win, hit CTRL & PRTSC to copy the screen.
3. Paste it on a Google document
4. Type a paragraph 6-8 sentences about the decisions you had to make, your strategy, and any problems you encountered. – 3 handwritten
5. Print it off or email it to me. farhoua@dearbornschools.org

B.  Scoring: 10 summative

• Successful completing and copy of the screen. 5 pts
• Typed Paragraph (6-8 sentences) about the decisions you had to make, your strategy, and any difficulties you encountered while playing the simulation. 5 pts
• If you are not successful, you will lose 3 points and still need to to everything mentioned above

IV.  Homework

Find an article on quantitative easing.  Describe it, determine why and how is it used. Explain its benefits and drawbacks. provide your opinion on its use, include a link to the article – 6-8 sentence

AP Economics