Dec 11

Economics – 12/11/19

I. Bellwork: Q&A

A. Construct a formula (<,=, >)which demonstrates what needs to occur to cause each of the   following:

  1. Surplus
  2. Deficit
  3. Balanced Budget

II. Objectives:

  • Examine the impact of deficits, surpluses, and the national debt on the private sector.
  • Express the conditions related to deficits, surpluses, and a balanced budget using equations.
  • Determine the meaning of words and phrases as they are used in a text and relate to government spending

III.  Section 10-3 Discuss Pages 277-282

  • 10-3 Notes (Copy slides 3 & 4 in Your Notebook)
  • Crowding Out (Understand the concept and how it occurs)
    • When the government borrows money – Interest Rates ? causing consumption to ? , savings to ? and private investment to ?. 

IV.   Classwork Due Today

  • Vocabulary 10 Terms P 277 
  • Page 282 Q&A 2-4
  • Crowding Out questions on iLearn (Based on the video)