Economics – 4/18/17
I. Bellwork
Explain which of the two measures listed below you believe is the best for determining unemployment?
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. Notebook/Discussion
A. Fiscal Policy and the Business Cycle
- When is the best time to cut government spending and/or increase taxes?
- When is the best time to increase government spending and/or decrease taxes?
- Is there a benefit to inflation?
B. 13 Free Enterprise Activities 18
III. Chapter 13 Test on Wednesday
A, Kahoot – Chapter 13
B. Chapter 13 Review Questions
C. 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
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