MC Exam

Bellwork: What are the shifters of aggregate demand? (Hint: CIG-X)

Objectives: Multiple Choice Exam

Activity: Multiple Choice Exam

Homework: See Master Schedule for more details on homework

Absent? Print out the multiple choice test below and complete it. Check your answers and do test corrections. Answers are at the end of the exam. 

Homework Review

Bellwork: What is the role of the Federal Reserve? 

Objectives: Homework Review

Activity: Homework Review

Homework: See Master Schedule for more details on homework

Absent? Review the answers to the homework below. 

President's Problem Presentations

Bellwork: What was the most difficult thing about this project? What was the most enjoyable?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 7

Bellwork: None, in the library.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 6

Bellwork: None, in the library to work on the project

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 5

Bellwork: What are we trying to solve in the President's Problem?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

Absent? work on the project

President's Problem Day 4

Bellwork: What is one question that you want/need to answer in order to give the President an economic policy?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 3

Bellwork: Explain the crowding out effect.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 2

Bellwork: Explain the multiplier effect.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

Money for Nothing Day 2

Bellwork: What have you learned from the video so far?

 

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: Finish the movie.

 

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

Money for Nothing

Bellwork: Where do you think money comes from?

 

Objectives: Students will watch a video that will help them understand their role in the project as economic advisors' to the President.

 

Activity: "Money for Nothing" video on Netflix. Students will watch the video and create their own question/answer sheet.

 

Homework: See Master Schedule for more details on homework

 

Absent? View the video above and write 10 questions that you think students should know the answers to after watching the video.

President's Problem Day 1

Bellwork: What is the difference between fiscal and monetary policy?  

 

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project

 

Homework: See Master Schedule for more details on homework

 

Absent? Review the slides below, take notes

Fiscal V Monetary Policy

Bellwork: What are the four factors of production?

Objective: compare and contrast fiscal and monetary policy

Activity: Fiscal and Monetary Policy power point and "Slap That Policy" Activity.

Homework: See Master Schedule for more details on homework

Absent? Review the slides below and take notes.