Download November 2014 agendas

Objective: LONG RUN MACROECONOMIC
DEBATES
1. Warm up—What three factors are the New
Economy based upon?
2. Making sense of the article: An
explanation of the 1929 Depression (small
groups, discussion)
3. Write a three paragraph discussion of the
article. (last 20 minutes)
Read chapter 17 for tomorrow
Objective: Keynesian Economics
1. Warm up—What is the multiplier effect?
2. Keynesian Economics (reading p396398)
3. Economics USA: John Maynard Keynes
4. Was building pyramids good for the
Egyptian economy? Explain.
DON’T FORGET: GDP Comparison project
is due Wednesday, November 5, 2014 at
the beginning of class.
Objective: The Roaring Twenties
Warm up—Why did the U.S. finally go to war in
Europe in 1917?
1. Warm up—What is nativism?
2. The Twenties: Postwar Trends and the Fear
of Communism. (reading, notes on outline)
3. Complete Chapter 12 outline (p412-418)
4. Sacco and Venzetti (video, notes)
Objective: LONG RUN MACROECONOMIC
DEBATES
1. Warm up—What makes the Great
Depression a special economic downturn?
2. Complete your three paragraph discussion
of the article: An explanation of the 1929
Depression.
3. Macroeconomic Debates
Homework: page 336 (1-3,11,13, 14)
Objective: Keynesian Economics
1. Warm up—Who was John Maynard Keynes?
What is his greatest accomplishment?
2. Complete questions of page 401 (1-6)
3. Keynesianism v. Supply Side
4. The Commanding Heights (video excerpt)
DON’T FORGET: GDP Comparison project is
due tomorrow, Wednesday, November 5,
2014 at the beginning of class.
Keynesian
Supply-side
1.
1.
2.
2.
3.
3
What situation(s)
prompted these ideas?
Key ideas/features
How should
government respond
to the economy? And
when?
Objective: The Roaring Twenties
1. Warm up—Who was Warren G. Harding? Why
is he special to you?
2. Complete Chapter 12 outline (p412-418)
3. Sacco and Vanzetti (video, notes)
Homework: page 421 1-3
Objective: LONG RUN MACROECONOMIC
DEBATES
1. Warm up—What is supply-side economics?
2. Reviewing the rubric: An explanation of
the 1929 Depression.
3. Macroeconomic Debates (continued)
4. Homework review: page 336 (1-3,11,13,
14)
Objective: Monetary policy
1. Warm up—What is supply-side
economics?
2. Collect GDP Comparison project
3. Keynesianism v. Supply Side reviewed
4. Money, money, money, money.
(reading, notes)
5. The Fed today (video, notes)
Keynesian
Supply-side
What situation(s)
prompted these ideas?
The Great Depression
and why the economy
was not correcting
itself.
High taxes and a
stagnant economy
Key ideas/features
1. Consumer demand
is what stimulates the
economy.
2. In bad economic
times, Government
should spend to make
up for losses in C and
I spending.
3. Multiplier effect
1. Lower taxes will
encourage more
business investment
2. This will increase
the supply of goods
How should
government respond
to the economy? And
when?
3. Taxes discourage
output
Use of Fiscal policy to Tax cuts will
expand or contract the encourage businesses
economy
to reinvest in the
economy
Objective: The Roaring Twenties
1. Warm up—What was the teapot dome
scandal?
2. Homework review: page 421 1-3
3. Review Chapter 12 outline (p412-418)
4. Sacco and Vanzetti (video, notes)
Objective: LONG RUN MACROECONOMIC
DEBATES
1. Warm up—How would Keynes respond to
supply-side criticism of government
spending?
2. A few HW problems (p336 1-3,11,13, 14)
3. Complete Macroeconomic Debates
4. Discuss Macroeconomic Debates
Unit 5 Exam tomorrow (20 multiple choice
questions and 1 free response of the article
“An explanation of the 1929 Depression.”
Objective: Monetary policy
1. Warm up—What are the three functions
of money?
2. The Fed today (video, notes)
3. The Federal Reserve examined (notes,
discussion) p423 1-6
4. Reading and questions p437 18-22
5. Death to Pennies!
Objective: The Business of America
1. Warm up—What events framed the trial and
execution of Sacco and Vanzetti? And why
did it receive so much attention?
2. Define the 3 terms and names on p427 (1)
3. Reading p422-424
4. Five Technology and Business Changes of
the 1920s
5. Terms and people
6. Questions
Objective: LONG RUN MACROECONOMIC
DEBATES
1. Warm up—List the elements of a more
productive economy.
2. Unit 5 Exam
Objective: Monetary policy
1. Warm up—What is the Federal Reserve?
2. Death to Pennies! (4th period)
Fractional reserve banking
3. Reserve requirement
4. How banks create money (get out your
calculators!)
5. Economics USA and the banking
1.
2.
3.
4.
5.
6.
7.
-a--o and –anz-tt- (Falsely accused?)
-a -- i- -o o-i- - e (The business of
America is business, 2 words)
-a--e- -. –a- - i– - (scandalous!)
I-o-a-i o-i– - (leave me alone!)
I- - - a - - - e- - - -a – (credit, 2 words)
- o - - - - a - o- e (war to end all wars, 3
words)
- o u - - e e - - o i - - - (Wilson’s test
score, 2 words)
Objective: The Business of America
1. Warm up—Solve these.
2. Open book test on Chapter 13
3. The Roaring Twenties (video, notes)
Objective: INTERNATIONAL TRADE
1. Warm up—Why do nations trade with one
another?
2. Where we are, where we’re going: read
Unit 6 Topic A for tomorrow.
3. The Tank Man: The Road to China’s
embrace of capitalism (video, notes,
discussion)
Objective: Monetary policy
1. Warm up—Explain 2 reasons why the
penny is a useless form of money.
2. Tools of Monetary policy (p425-429)
Reading, discussion, questions 1-8
3. Economics USA and the banking
(continued)
4. How banks create money reviewed.
Homework: p420-421 Recalling facts and
ideas 1-10, Thinking critically 1-3
Objective: Changing ways of life in the
Twenties
1. Warm up—What was a speakeasy?
2. Prohibition: A booklet
Fold paper in half (hamburger!) Find the
following information. Discuss it on these
pages of your booklet:
1. Title and your name at the top. Most of the
body should include the Eighteen
Amendment. Copy from p100. (Summarize
at the bottom)
2. Discuss the causes and effects of
Prohibition. (p436-437)
3. Timeline of events related to prohibition
from 1920 to 1933 (p436-437)
4. Difficult decisions questions (p436)
Objective: INTERNATIONAL TRADE
1. Warm up—What is comparative advantage?
2. Comparative advantage v. absolute
advantage
3. The Tank Man: The Road to China’s
embrace of capitalism (video, notes,
discussion)
4. Comparative advantage, an exercise
Objective: Monetary policy
1. Warm up—What are the main liabilities
of a bank?
2. 5th period homework check (p420-421
Recalling facts and ideas 1-10,
Thinking critically 1-3)
3. You’re the Fed! (worksheet, discussion)
4. Economics USA and the banking
(continued)
5. Fed Review
Objective: Changing ways of life in the
Twenties
1. Warm up—What was a bootlegger?
2. Review Prohibition: A booklet
3. The speakeasy in film
4. Chapter review
5. The Harlem Renaissance
Objective: INTERNATIONAL TRADE
1. Warm up—What is absolute advantage?
2. Comparative advantage v. absolute
advantage (reviewed)
3. The Tank Man questions
4. Comparative advantage, explanations and
exercises
HOMEWORK: p694 (1,3,4,8,9)
Objective: Monetary policy
1. Warm up—Why are a bank’s loans
considered assets?
2. You’re the Fed! (reviewed)
3. More Fed Review
4. Conducting Monetary Policy (reading,
questions) p436 1-8
Objective: Changing ways of life in the
Twenties
1. Warm up—Who was Langston Hughes?
2. The Harlem Renaissance (reading,
worksheet)
3. The Century: The Roaring Twenties (video,
notes)
Quiz tomorrow
Objective: INTERNATIONAL TRADE
1. Warm up—The GDP of Badlandia includes
exports of $15.3 billion and imports of
$14.7 billion. A) Calculate the net exports
and total trade for Badlandia. B) Why is it
important to consider both?
2. The Tank Man questions (period 2)
3. Comparative advantage, explanations and
exercises
4. Economics USA on Trade
5. Review Homework problems
HOMEWORK: p694 (1,3,4,8,9)
Objective: Monetary policy
1. Warm up—Why is the Fed known as the
banker’s bank?
2. Review Fed worksheet
3. The Fed on 911 (video, notes,
discussion)
4. Conducting Monetary Policy (reading,
questions) p436 9-13,15
5. Yesterday’s assignment p436 1-8
Objective: Changing ways of life in the
Twenties
1. Warm up—What was the Harlem
Renaissance?
2. Quiz on Chapter 13
3. Bonus assignment (extra points! P460
Terms and Names 1-10; Critical Thinking 1)
Must be complete to earn the points
4. The Century: The Roaring Twenties (video,
notes)
Objective: INTERNATIONAL TRADE
p694 (items 2,5,6,7,10,11,12)
Objective: Monetary policy
1.
Complete items 1-6, 8 on page 434
and items 1-2 on page 435.
Objective: The Great Depression Begins
1. Read pages 464-471. As you read, answer
the main idea questions on pages 465, 466,
467, 469, 471.
2. Answer the skillbuilder questions on pages
467, 468, 470.
3. Complete assessment items 1-4 on page
471.
Complete for homework
Objective: INTERNATIONAL TRADE
1. Warm up—What effect do tariffs have on
the supply of a good? Illustrate this
concept.
2. Absolute advantage v. comparative
advantage
3. Economics USA: international trade
Objective: Monetary policy
1. Warm up—Under what circumstance
would the Fed want to contract the
supply of money?
2. The Fed and 911.
3. Review Fed items
Exam on money and the Fed on Thursday.
Objective: The Great Depression Begins
1. Warm up—What is a depression?
2. Review some of yesterday’s items
A. Read pages 464-471. As you read, answer the
main idea questions on pages 465, 466, 467,
469, 471.
B. Answer the skillbuilder questions on pages 467,
468, 470.
C. Complete assessment items 1-4 on page 471.
3.
The Century (video, notes)
Objective: INTERNATIONAL TRADE
1. Warm up—What effect do subsidies have
on the supply of a good? How does this
affect the demand for the same good?
Illustrate.
2. Absolute advantage v. comparative
advantage
3. Dialogue
4. Economics USA: international trade
5. A few homework problems
Mona is studying for her economics exam when
her brother walks into the room.
“What are you doing?” he asks.
“Studying for Friday’s exam.”
“Friday?” asks George. “But it’s only Wednesday!”
“I like to get ahead.”
“Such a nerd! What’s the exam on?”
“Comparative advantage and trade.”
George is very smart. But he’s about to find out
that his sister Mona knows a few things he doesn’t
know. Work with a partner to write a two-page
dialogue of Mona “schooling” George on this topic.
Objective: Monetary policy
1. Warm up—What were the main
concerns of the Fed after the attacks on
September 11, 2001. Explain.
2. Dialogue on the Fed and the economy
3. Review Fed items
4. Economics USA: The Federal Reserve
Exam on money and the Fed has been
moved to Friday.
Mona is studying for her economics exam when
her brother walks into the room.
“What are you doing?” he asks.
“Studying for Friday’s exam.”
“Friday?” asks George. “But it’s only Wednesday!”
“I like to get ahead.”
“Such a nerd! What’s the exam on?”
“Money and how the Federal Reserve policies
influence the economy.”
George is very smart. But he’s about to find out
that his sister Mona knows a few things he doesn’t
know. Work with a partner to write a two-page
dialogue of Mona “schooling” George on this topic.
Objective: The Great Depression Begins
1. Warm up—What is the stock market?
2. Review section main idea questions
3. Reading the Great Depression
4. The Stock Market Crash
5. The Century (video, notes)
Objective: INTERNATIONAL TRADE
1. Warm up—Freedonia can produce 50
ollygoogles or 100 doodle dandies.
Sylvania can produce 50 ollygoogles or 25
doodle dandies. Explain if they can both
benefit from specialization and trade.
2. Absolute advantage v. comparative
advantage—quick review
3. Complete your dialogue
4. Economics USA: international trade
Objective: Monetary policy
1. Warm up—What is the Federal Funds
Rate?
2. Complete your dialogue on the Fed and
the economy (15 minutes)
3. Share your dialogue for participation
points.
4. Review Fed items
5. Economics USA: The Federal Reserve
Exam Friday on money and the Fed.
Objective: The Great Depression Begins
1. Warm up—What is buying on margin?
2. The Stock Market Crash (a game)
3. The Century (video, notes)
Objective: INTERNATIONAL TRADE
1. Warm up—What is offshoring?
2. Share your dialogue
3. Economics USA: international trade
Read Chapter 36 over break. Complete items
2,3,7 and10.
Objective: Monetary policy
1. Warm up—What is the prime rate?
2. Money and the Fed exam
3. Share your dialogue.
4. Demystifying the stock market
Objective: The New Deal
1. Warm up—What was the New Deal?
2. The New Deal brochure
3. Reading and questions
4. The Century continued