Economics – 4/18/2016

I.  Bellwork

Which of the two measures listed below do you believe is the best for determining unemployment?  Explain.

II.  Objective:

• Students will review and apply concepts and principles relating to the three major economic indicators.
  • Integrate and evaluate multiple sources of information presented in diverse formats in order to determine the best methods for achieving the main economic goals.

III..   Chapter 13 Test on Wednesday

A.  What to know?

• Identify Business Cycle Phases
• Recession and Depression
• What events led to the Great Depression and what followed?
• Changes in the Economy after WWII
• Different Types of Inflation (Hyper, Creeping, Stagflation)
• Different Causes of inflation (Wage Price, Demand Pull, Cost Push, Monetary Policy)
• Deflation
• Inflation Winners & Losers
• How inflation impacts the economy?
• Identify those not included in the labor force
• Types of Unemployment and examples 13-3 Free Enterprise Activity 19
• Economic Indicators from 13 Free Enterprise Activities 18
• Monetary Policy/Tight & Easy Money
• Monetary Policy Flash Cards

IV.  Classwork

• Chapter 13 Review Questions

V.  Summative Homework: Due Tuesday – Not Extra Credit

• See 4/15 Blog for details

Economics W2016