Economics – 1/18/17

I.  Bellwork: Q&A

1. 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 address a question or solve a problem.

III.   Discussion/Participation

• 13 Free Enterprise Activities 18
• 13-2 Economics- Critical Thinking Activity 19
• 13-3 Free Enterprise Activity 19

IV.  Test Tomorrow

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
• Chapter 13 Exam Short Answer Questions

V.  Classwork

Page  375 2-6 Q&A

 

Economics F2016