Welcome to Government Spending!
Now that we’ve learned market failures, it’s time to move into government spending. The government spends money for two reasons: to fix market failures and to achieve economic goals (remember those from Chapter 2?).
As we’ve been doing for the last few chapters, having you read about the concepts before we dive into teaching it helps you to understand what we’re talking about. You can see this assignment on Google Classroom (https://classroom.google.com/u/2/w/NTMzNjMzMDYzMjVa/tc/NTczNDMzMDU0OTZa) or you can just make a copy off Google Docs (https://docs.google.com/document/d/1DmLoXmAjxM9xCTjf9973Cc_LARJlqcK1fbGx8VaqqH8/edit?usp=sharing). This is a little shorter than other chapters and will be due Friday, April 3 at 11:59pm. The instructions are below.
Read Chapter 10 of the textbook (pages 260-287 in the paper copy; pages 281- 308 in the digital copy). Use the information to answer the questions in the attached doc.
- The Market Failures Slideshow was due last week. It is the biggest assignment of the quarantine so far. If you haven’t already, turn it in! (https://iblog.dearbornschools.org/rauscher/2020/03/20/homework-market-failures-slideshow/).
- The Monopoly Questions are open for a retake (https://iblog.dearbornschools.org/rauscher/2020/03/25/retake-monopolies-questions/).
- The Chapter 7 Objectives were due last night. If you haven’t already, turn them in! (https://iblog.dearbornschools.org/rauscher/2020/03/24/homework-market-failures-learning-objectives/).
Posted in Economics and tagged chapter 10, government spending, Homework, learning objectives by Adam Rauscher with no comments yet.
The Stimulus Package
CNN has an excellent description of the $2.2 trillion stimulus package at https://www.cnn.com/2020/03/25/politics/stimulus-package-details-coronavirus/index.html.
As we are discussing macroeconomics, this is very interesting. The government is trying to keep demand from dropping. As more people are out of work, their income drops, which you remember, means a drop in demand. The government is proposing several different ways to keep money in people’s pockets, which should keep demand from falling too much. When we start talking about government spending next week, we will talk about demand-side economics. This is just a good discussion to have. Please hit me with any questions.
Otherwise today, there are three assignments you could be working on. The Market Failures Slideshow is due this evening at 11:59pm (https://iblog.dearbornschools.org/rauscher/2020/03/20/homework-market-failures-slideshow/). The Monopoly Questions are open for a retake (https://iblog.dearbornschools.org/rauscher/2020/03/25/retake-monopolies-questions/). The Chapter 7 objectives are due on Sunday (https://iblog.dearbornschools.org/rauscher/2020/03/24/homework-market-failures-learning-objectives/). You have the luxury of managing your own time. Do it well.
Posted in Economics and tagged coronavirus, Homework, learning objectives, macroeconomics, monopolies, slideshow, stimulus by Adam Rauscher with no comments yet.
Homework: Market Failures Learning Objectives
For Sunday at 11:59pm, complete the learning objectives for Chapter 7 on Market Failures. Get the details on Google Classroom: https://classroom.google.com/u/0/c/NTMzNjMzMDYzMjVa/a/NTU3MjY1NDQ3MjZa/details
Posted in Economics and tagged Chapter 7, Homework, learning objectives, market failures by Adam Rauscher with no comments yet.
Homework: Chapter 5 Objectives
Updated March 15th
Tuesday after the test, you got a copy of the Chapter 5 Objectives sheet. you must answer all of the questions and turn in by Tuesday, March 17th. Submit by scanning or taking a picture of your notes. Download the sheet below. Check the textbook here .
Posted in Blogs and tagged Chapter 5, Homework, learning objectives, supply, Vocabulary by Adam Rauscher with no comments yet.
Homework: Chapter 4 Learning Objectives
Complete the Chapter 4 objectives sheet you started in class today. It is due by Wednesday, February 26th. You can see the textbook online at this link (you don’t have to sign up). Use pages 90-115 Download the vocab sheet below if you need to.
Posted in Economics and tagged chapter 4, demand, Homework, learning objectives by Adam Rauscher with no comments yet.