Economics – 4/11/2016

I.  Bellwork:

Outsourcing Pgs. 226-227 Q&A

1. Define off shoring/outsourcing.
2. Cite evidence the author uses against off shoring.
3. Cite the reasoning each used to explain why the  evidence is important.
4. Cite the evidence the author uses to support off shoring
5. Cite the reasoning each used to explain why the  evidence is important.
6. Explain which opinion do you support and why?

II.  Objective

• Identify how the Federal Reserve uses monetary policy as a means to achieve macroeconomic goals
• identify a claim statement, cite evidence and the reasoning used based upon reading and discussion of an excerpt on outsourcing

III.  Review

• (Macro) Episode 30: Creating Money
• (Macro) Episode 32: Monetary Policy

IV.  Notebook Work:

• Page 405 – Figure 14 (Monetary Policy) – Create a Brace Map

V.  Classwork  Questions & Answers

A.  14-3 Questions

1. Explain how the Fed utilizes Open Market Operations?
2. Explain how the Fed utilizes the reserve requirement?
3. Explain how the Fed utilizes the discount rate?
4. During a period of high unemployment (recession), explain what fiscal policies (2) should be implemented?
5. Explain what monetary policies (3) should be implemented during a period of high unemployment (recession)?
6. During a period of rapid growth and inflation, explain what fiscal policies (2) should be implemented?
7. Explain what monetary policies (3) should be implemented during a period of rapid growth and inflation?

B.  Page 407  4-8 Q&A

Economics W2016