Unit 2: Macroeconomics
Module 2.1
Module 2.1
California Grade 12 Economics Standard (& Objective): 12.3.1 Students will understand how the role of government in a market economy often includes providing for national defense, addressing environmental concerns, defining and enforcing property rights, attempting to make markets more competitive, and protecting consumers' rights.
1. Finish National Identity activities
2. Note-Taking in Study Guide: Role of Government
3. Discussion: Universal Health Care
Module 2.2
Module 2.2
California Grade 12 Economics Standard: 12.3 Students analyze the aggregate behavior of the U.S. economy.Objective: Students will be able to identify the four stages of the business cycle and explain the factors that drive the business cycle.
California Grade 12 Economics Standard: Objective:
1. Finish discussion/writing on the Affordable Care Act.
Module 2.3
Module 2.3
California Grade 12 Economics Standard: 12.3.1: . Understand how the role of government in a market economy often includes providing for national defense, addressing environmental concerns, defining and enforcing property rights, attempting to make markets more competitive, and protecting consumers’ rightsObjective: Students will be able to define positive and negative externalities and describe the tools the government uses to encourage positive externalities and discourage negative ones.
1. Note-Taking in Study Guide: Externalities (KS)
2. "Crash Course Economics: Market Failures" Edpuzzle
3. "Fracking Externalities!" Assignment (finish for HW if not finished in class)
Module 2.4
Module 2.4
California Grade 12 Economics Standard: 12.5.2 Define, calculate, and explain the significance of a rate of economic growth.Objective: Students will be able to explain the Circular Flow of the economy as a foundation for later understanding of GDP
- Note-Taking in Study Guide and on chart provided: the Circular Flow of the Economy
- Kahoot over Circular Flow
- Group activity: Circular Flow Model Applied
- Homework: Circular Flow Worksheet
Circular Flow
Module 2.5
Module 2.5
California Grade 12 Economics Standard: 12.5.1 Distinguish between nominal and real data.12.5.2 Define, calculate, and explain the significance of a rate of economic growth.Objective: Students will be able to calculate GDP.
- Note-Taking in guide provided: Calculating GDP
- Whiteboard practice of included v. not included & categories as we go through the presentation.
- Kahoot practice of categories of economic activity
- Calculate GDP in worksheet provided
- Complete Research Activity, time permitting
GDP Presentation Atlanta FED
Module 2.6
Module 2.6
California Grade 12 Economics Standard: 12.5.1 Distinguish between nominal and real data.12.5.2 Define, calculate, and explain the significance of a rate of economic growth.Objective: Students will be able to calculate GDP.
- Correct worksheet of calculated GDP together.
- Review central concepts of calculating GDP using this Kahoot.
- Practice calculating GDP once more using this worksheet.
- Video to guide you through worksheet #2, if you are having difficulty.
- Prepare for quiz on Monday over calculating GDP and this weeks' vocabulary.
RE-DO VIDEO
RE-DO VIDEO
Module 2.7
Module 2.7
California Grade 12 Government Standard: 12.9.1 Explain how the different philosophies and structures of feudalism, mercantilism, socialism, fascism, communism, monarchies, parliamentary systems, and constitutional liberal democracies influence economic policies, social welfare policies, and human rights practices.Objective: 1) Students will be able to identify the economic implications of varying political positions.2) Students will be able to classify selected political-economic ideologies in terms of "left" and "right".
1. GDP Quiz
2. PPT: The Political-Economic Spectrum Explained + Handout
3. Political-Economic Systems Jigsaw
Module 2.8
Module 2.8
California Grade 12 Economics Standard: Describe the aims of government fiscal policies (taxation, borrowing, spending) and their influence on production, employment, and price levels.Objective: Students will be define fiscal policy and compare and contrast expansionary and contractionary fiscal policy. Objective: Students will be able to explain the causes and repercussions of the national debt.
1. Note-taking in Study Guide: Fiscal Policy and National Debt
Module 2.9
Module 2.9
California Grade 12 Economics Standard: 12.3.2 & 12.3.3: Identify the factors that may cause the costs of government actions to outweigh the benefits. Describe the aims of government fiscal policies (taxation, borrowing, spending) and their influence on production, employment, and price levels.
Objective: Students will be able to develop a party platform based on an informed understanding of the pros & cons of various tax policies and government ownership.
Objective: Students will be able to develop a party platform based on an informed understanding of the pros & cons of various tax policies and government ownership.
- Take notes based on the presentation on pp. 1-2 of your packet.
- Log in to Civic Mirror and complete this worksheet based on your hidden agenda.
- Form parties and develop the party platform in your packet based on a myriad of factors!
- Homework: Create campaign posters as instructed here. No credit for late work on campaign posters.
WARNING:
If party leaders do not have their slides prepared on time, their party's candidates will not be included on the ballot.
Party formation day Taxes and Public Ownership Notes
Module 2.10
Module 2.10
California Grade 12 Economics Standard: 12.3.4 Understand the aims and tools of monetary policy and their influence on economic activity (e.g., the Federal Reserve).Objective: 1) Students will be able to identify the goals and methods of monetary policy.2) Students will review for the test.
- Use this guide to take notes on Monetary Policy from this presentation.
- [Time permitting] Monetary & Fiscal Policy reflection.
- Quizizz
- Review for upcoming Unit Test. (Next class is unit test)
Module 2.11
Module 2.11
- Unit Test
- Finish campaign posters
- Prepare a winning auction strategy by watching this video and (optional) seeking business partners.