Economics – 4/15/2016

I.  Bellwork  Q&A

1. Explain what happens to jobs, spending and production when an economy is slowing down (recession)?
2. Explain what happens to jobs, spending, production, and inflation when an economy is functioning near capacity?

II.  Objective:

• Analyze how the decisions made by a country’s central bank (or the Federal Reserve) impact a nation’s economy and international trade
• Analyze the cause and effect of monetary policy on trade through discussion and construction of a thinking map.

III. Discussion Topics

A.  Tight and Easy Monetary Policy

B.  Complete the table below:

	How is it created?	Impact on Imports	Impact on Exports	Impact on the Balance of Trade
Strong Dollar
Weak Dollar

C.  Monetary Policy Flash Cards

IV.  Classwork:

• Construct a Cause & Effect Map based on the information in the table above:
• Page 407 Q&A 2-8

V.  Summative Homework: Due Tuesday – Not Extra Credit

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

Scoring: 15 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. 10 pts

 

 

Economics W2016