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Week 18/ December 11 to December 15

December 11 2017

Essential Question:

SSEMA1 The student will illustrate the means by which economic activity is measured.

a. Explain that overall levels of income, employment, and prices are determined by the spending and production decisions of households, businesses, government, and net exports.

b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.

e. Define the stages of the business cycle; include peak, contraction, trough, recovery, expansion as well as recession and depression. 

EQ: What is the business cycle?

Activator:

Classnotes:

(Business Cycle)

Teaching Strategies: 

Students will be introduced to the business cycle.  They will learn what each phase of the business cycle represents and how they can tell what each phase is, both by the information provided and on a business cycle.

Students will then answer a series of questions to determine what phase of the business cycle an economy is in.  Once students finish this they will examine date to determine if an economy is in expansion and contraction and try to determine where peaks and troughs are.  Available under Unit 5 Macroeconomics entitled Business Cycle Events and Business Cycle Data.

Presentation is available under Unit 5 Macroeconomics entitled Economic Growth and Business Cycle.

Summarizer:

Socrative Exit Ticket

 

December 12 2017

Essential Question:

SSEMA1 The student will illustrate the means by which economic activity is measured.

a. Explain that overall levels of income, employment, and prices are determined by the spending and production decisions of households, businesses, government, and net exports.

b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.

e. Define the stages of the business cycle; include peak, contraction, trough, recovery, expansion as well as recession and depression. 

EQ: ALL GDP EQ's apply/ quiz day

Activator:

Students will take warm up quiz on Socrative and draw a completely labeled business cycle.

Teaching Strategies: 

Review for and provide students with information that will be on their quiz.

Students will take quiz on GDP and business cycle.

Summarizer:

If time/ Go over quiz

 

December 13 2017

Essential Question:

SSEMA1 The student will illustrate the means by which economic activity is measured.

a. Explain that overall levels of income, employment, and prices are determined by the spending and production decisions of households, businesses, government, and net exports.

b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.

e. Define the stages of the business cycle; include peak, contraction, trough, recovery, expansion as well as recession and depression. 

EQ: ALL GDP EQ's apply/ quiz remediation day

Activator:

What questions did you have on the quiz?  Go over quizzes.

Teaching Strategies: 

Students will be grouped based on quiz results.  Students who failed quiz will be pulled aside and will work in a small group with the teacher.  They will be allowed to requiz on their own time, but they may use the quiz as a guide.  Students who made between a B or C will have to complete a remediation worksheet.  They will then have to create a 10 question Socrative and if time a 10 question Kahoot.  Students who make an A will work on a 10 question Kahoot and then a 10 Question Socrative.

Remediation worksheet available under Unit 5 Macroeconomics folder entitled GDP and Business Cycle Remediation Assessment.

Summarizer:

Students who are creating Socrative will submit Socrative Pins.  Students will also share Kahoots.  Students will submit Remediation Sheets.

 

December 14 2017

Essential Question:

SSEMA1 The student will illustrate the means by which economic activity is measured.

a. Explain that overall levels of income, employment, and prices are determined by the spending and production decisions of households, businesses, government, and net exports.

b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.

c. Explain how economic growth, inflation, and unemployment are calculated.

e. Define the stages of the business cycle; include peak, contraction, trough, recovery, expansion as well as recession and depression. 

EQ: How do we measure Supply and Demand at the Aggregate level?

Activator:

Students will discuss a statement that will lead them to the expenditure approach of GDP.

Teaching Strategies: 

Students will be introduced to the concept of GDP, Aggregate Demand, and Aggregate Supply.  Students will then work through a number of sample problems/ activities that deal with these concepts.  Activity is available under Unit 5 Macroeconomics entitled AD AS Activity.

Presentation available in Unit 5 Macroeconomics entitled GDP Expenditure Aggregate Supply and Aggregate Demand.pdf

Summarizer:

Socrative Exit Ticket

 

(Next Week 17 LP, Need December 15)

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