Unit 5: Fiscal Policy

Introduction to Economics Homepage

ESSENTIAL QUESTION: Should governments intervene in markets to stimulate economic activity during recessions?

• Focus Question #1: Did the U.S. government do the right thing by stimulating demand in the wake of the 2008 financial crisis? (Click here to watch a Ted Talk about this topic).

• Focus Question #2: Which national governments did the best job of managing the macroeconomy during the COVID pandemic?

• Focus Question #3: Should Liz Truss have followed through on her promised tax cuts?

DAILY LESSON PLANS

October 11:

1. Read this article and discuss.

2. Lecture on Unemployment. Here's the Loom Lecture and here's the slideshow.

October 26:

1. Read this article and discuss.

2. Lecture on inflation. Here's the Loom Lecture on inflation (Ignore the portion in the middle on calculating inflation.) and here's the slideshow.

October 28:

1. Read this article and discuss.

2. Lecture on fiscal policy. Here's the Loom Lecture and here's the slideshow.

November 1:

1. Formative on unemployment, inflation, and fiscal policy

2. Open inquiry research on focus questions

November 3: Open inquiry final assessment (summative)