I.  Bellwork: Trading Blocks Primary and Secondary Sources Workbook –Separate sheet 1-4 Q&A Explain the meaning of the quote by Johann Joachim? Explain what a protectionist would favor and why? What was the result of the Hawley-Smoot Act? (14) Would you consider yourself a protectionist or free-trader? Why? II.  Objective Explain key principles which are involved […]

I.  Bellwork:   Country X Country Y Grapefruit 10/tons 15/tons Olives 40/tons 30/tons   Q&A Explain your answer and show/compare both mathematical relationships Which country has the absolute advantage in producing grapefruit? Which country has the absolute advantage in producing olives? Which country has the comparative advantage in producing grapefruit? Which country has the comparative advantage […]

I.  Bellwork: Q&A List two states and a product each state has an advantage in producing. List two countries and a product each country has an advantage in producing. II.  Objective: Examine how comparative advantages and globalization have led to increasing trade. Analyze the changing relationship between the American economy and the global economy. III.  […]

I.  Bellwork Obtain paper, a pencil, and place an MLA heading on top of your paper. II.  Objective: Students will apply concepts and principles and solve problems relating to the three major macroeconomic goals throughout their assessment. Students will apply and explain monetary policies to the appropriate economic condition. Integrate and evaluate multiple sources of […]

I.  Bellwork Draw graph which illustrates demand-pull inflation. Provide a specific example of -demand-pull inflation Draw graph which illustrates cost-push inflation. Provide a specific example of cost-push inflation II.  Objective: construct and economic model which demonstrates the concepts of demand-pull and cost push inflation. analyze and examine the importance of entrepreneurs in a market economy […]

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 […]

I.  Bellwork  Q&A Explain what happens to jobs, spending and production when an economy is slowing down (recession)? Explain what happens to jobs, spending, production, and inflation when an economy is functioning near capacity? II.  Objective: Analyze how the decisions made by a country’s central bank (or the Federal Reserve) impact a nation’s economy and […]

I.  Bellwork:  Q&A Page 71 Skills Focus What new methods of communication not listed are changing the way we communicate? Do you believe the technological evolution of communication has had more of a positive or negative impact in our society?   State your claim, evidence, and support. II.  Objectives: Evaluate various explanations for actions or events […]

I.  Bellwork A.  Describe the symbolism in the cartoon. B.  Explain the author’s message. C.  Explain how this cartoon relates to outsourcing and globalization. II.  Objective: Determine the central ideas or information of a economic cartoon; describe the symbolism and provide an accurate summary that makes clear the relationships among the key details and ideas. […]

I.  Bellwork: Outsourcing Pgs. 226-227 Q&A Define off shoring/outsourcing. Cite evidence the author uses against off shoring. Cite the reasoning each used to explain why the  evidence is important. Cite the evidence the author uses to support off shoring Cite the reasoning each used to explain why the  evidence is important. Explain which opinion do […]