Economics – 1/12/17

I.  Bellwork :  Q&A

1. What is the topic of the graph?
2. What do the x-axis and y-axis represent?
3. What are some observations you can make based on the graph?
4. What do you foresee happening about 5 years from now?

 

 

II.  Objective

• Analyze the stages in the business cycle, their impact on the economy, and fiscal and monetary policies used  by government to smooth periods of rapid growth and decline to achieve economic objectives.
• Explain and identify  the stages of the business cycle and events leading up to and following the Great Depression.
• Evaluate an author’s premises, claims, and evidence by corroborating or challenging them with other information.

III.  Videos

• (Macro) Episode 23: Business Cycles
• Figure 13.1 Business Cycles

IV.  Notebook –

(GDP & Fiscal Policy – Cause/Effect Map) – for yesterday

1. Chapter 13 Section 1_Presentation
2. Copy and label Business Cycle
   
3. Pages 356-357 – Cause and Effect Map of the Great Depression

V.  Classwork

• Page 353 Vocabulary (12)
• Page 359 – Q&A   2, 3 & 5

Economics F2016