Dec 12

Economics – 12/12/19

I.  Bellwork: Q&A

A.  Explain the symbolism in this cartoon.

B.  Explain the point that is being made.

II.  Objectives

  • Demonstrate and apply an understanding of the various aspects of fiscal policy (spending and taxation) and its impact on society.
  • Integrate and evaluate multiple sources of information presented in different formats in order to address a question or solve a problem

III. Federal Budget Simulation Activity  (Directions are here and on Google classroom)

Link https://crfb.org/stabilizethedebt/# – 

When you are finished balancing the budget select View or Save PDF – you will need to send this file (Check your download folder for it) then submit it to Google Classroom

  Look at this – Budget Save PDF picture

Dec 11

Economics – 12/11/19

I. Bellwork: Q&A

A. Construct a formula (<,=, >)which demonstrates what needs to occur to cause each of the   following:

  1. Surplus
  2. Deficit
  3. Balanced Budget

II. Objectives:

  • Examine the impact of deficits, surpluses, and the national debt on the private sector.
  • Express the conditions related to deficits, surpluses, and a balanced budget using equations.
  • Determine the meaning of words and phrases as they are used in a text and relate to government spending

III.  Section 10-3 Discuss Pages 277-282

  • 10-3 Notes (Copy slides 3 & 4 in Your Notebook)
  • Crowding Out (Understand the concept and how it occurs)
    • When the government borrows money – Interest Rates ? causing consumption to ? , savings to ? and private investment to ?. 

IV.   Classwork Due Today

  • Vocabulary 10 Terms P 277 
  • Page 282 Q&A 2-4
  • Crowding Out questions on iLearn (Based on the video)
Dec 09

Economics – 12/10/19

I.  Bellwork: Q&A

A.  List 3 examples of mandatory expenditures

B.  List 3 examples of discretionary expenditures

II.  Objectives

  • Distinguish between a surplus, a deficit, the national deficit, and national debt
  • Integrate information from diverse sources into a coherent understanding of an idea or event

III. Discussion/Notebook

A. National Deficit and National Debt – Difference

B. How to reduce the deficit and the debt?


IV. Classwork
What You Should Know About Our Skyrocketing National Deficit
Four Square

V.  10-1 & 10-2 Quiz

Dec 08

Economics – 12/09/19

I.  Bellwork

A.  https://www.thebalance.com/welfare-programs-definition-and-list-3305759

1.  Explain what each of the 6 major welfare programs in the article does.

II.  Objectives:

  • Distinguish between mandatory and discretionary spending
  • Construct thinking maps to categorize spending as mandatory or discretionary
  • Explain the current problem with government spending and revenue generation

III.  Discussion/Notebook

IV.  Classwork

10-2 Guided Reading 

V.  10-1 & 10-2 Quiz tomorrow

Dec 05

Economics – 12/06/19

I. Bellwork

  1. Explain why this is called the bridge to nowhere?
  2. How much will the bridge cost?
  3. What is your opinion on the project?

II. Objective:

  • Discuss, identify, and analyze the ways in which federal, state, and local governments spend revenue for public services and social welfare.
  • Determine the central ideas or information and provide an accurate summary that makes clear the relationships among the key details and ideas.
  • Integrate information from diverse sources into a coherent understanding of an idea or event

III.  Chapter 10-2 Notes & Discussion 

IV.  Classwork: Page 275 Q&A (2-6) 

V.  Homework:  On iLearn 10.1 & 10.2

Dec 04

Economics – 12/05/19

I.  Bellwork:

Analyze the cartoon below completing the 4-Square below.

II.  Objective:

  • Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response.
  • Analyze the ways in which governments generate revenue on consumption, income and wealth and use that revenue for public services and social welfare.
  • Discuss, identify, and analyze the ways in which federal, state, and local governments spend revenue for public services and social welfare.

III. Discussion

A.  Expenditures

  1. Kristin Tate Blasts Pork Barrel Spending on Fox News
  2. Waste Book Government Pork Spending
  3. Stossel Real or Fake?
  4. Congress, Earmarks, and Pork Barrel Spending

B.  Chapter-10PPT-1– Copy  (For Next Quiz)

IV.  Classwork

A,  Page 265 Q&A #2-6

B.  Earmarks explosion: Republicans could set record with big spending on pork barrel project

  1. What is happening with government earmarks in 2018 compared to 2017?
  2. Explain 2 earmarks mentioned in the article.
  3. Why are earmarks a problem?
  4. Define what an earmark is.
Dec 03

Economics – 12/04/19

I. Bellwork

  • Synthesizing Information R45 1-3 Q&A (At the end of the book)

II. Objectives

  • Explain the ways in which local, state, and federal governments generate revenue.
  • Given various scenarios distinguish between progressive, regressive, and proportional taxes

 III. Classwork

A.  ARIZONA PROPOSES MEDICAID FAT FEE– WSJ.COM

  1. Which principle of taxation does this tax involve? Explain
  2. Based upon the criteria for effective taxes (p. 232), do you believe the tax will be effective? Explain why.

B. Page 245 # 2, 3, 7 Q&A

IV. Chapter 9 Exam

Dec 02

Economics – 12/03/19

I.  Bellwork: On iLearn

II.  Objective:

  • Given various scenarios distinguish between progressive, regressive, and proportional taxes
  • Cite specific textual evidence to support analysis of primary and secondary sources
  • Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III.  Notebook Work:

A.  Tree Maps

  • Pages 251-253
    • Describe Flat Tax and list its advantages (3) and disadvantages (3)
    • Describe Value Added Tax and list its advantages (4) and disadvantages (3)
    • Would a Flat Tax Be More Fair?

IV.  Discussion

A.  Tennessee firefighters watch as home burns

  1. Do you believe the firefighters action was justified?  Explain.
  2. Develop some alternative policies in which this situation may be avoided.

V.  Kahoot

VI.  Chapter 9.1 & 9.2 iLearn Test – Tomorrow

Dec 02

Economics – 12/02/19

I. Bellwork:

A.) Claim Statement:

Which type of tax (progressive, proportional, or regressive) do you believe is the most equitable way for the government to raise money? Provide support for your claim.

II.  Objective:

  • Distinguish between the ways in which local, state, and federal governments generate revenue.
  • Write arguments to support claims in an analysis of substantive topics or texts, using valid reasoning and relevant and sufficient evidence
  • Determine the meaning of words and phrases as they are used in a text

III.   Discussion & Notebook Work:

Government Revenue Sources

IV.  Classwork

  • Page 238 Content Vocabulary 15 

V.  Chapter 9.1 & 9.2 iLearn Test – Wednesday

Nov 25

Economics – 11/26/19

I.  Bellwork: On iLearn

II.  Objectives:

§  Given various scenarios distinguish between progressive, regressive, and proportional taxes

§  Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.

§  Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III. Discussion/Classwork/Practice: 

IV.  Section 9-1 Quiz