Tuesday, November 30, 2010

Economics Agenda: November 29-December 3rd

Monday
  • Journal: How much should the government interfere in the economy? Survey and human spectrum
  • Ppt: Fiscal Policy
  • HW:
    Due Wednesday
    Chapter 14, Section 1 – Take Notes

    Chapter 15
    Section 1 Understanding Fiscal Policy
    1)      What action does the government take if it wants to contract the economy?  What action if it wants to expand?
    2)      What difficulties can the government face in the process of enacting its fiscal policies for any given year?
    3)      What political pressures are at play in the budget writing process?  What actions are elected officials encouraged to take more often than not?

    Section 2 Fiscal Policy Options  
    4)      As the new third sector of the economy (in the circular flow) how does the Keynesian model envision the government’s role in the economy, what problems should it be able to solve related to classical economics? 
    5)      What is the relationship of the multiplier effect and fiscal policy?
    6)      What makes automatic stabilizers automatic?  What are the two main types of automatic stabilizers?
    7)      Is supply side economics “fair” or does it benefit one part of society more than others?
Tuesday
Wednesday
  • Journal 4
  • Ppt: Taxes
  • Prepare for simulation
  • HW= taxes chart due Friday
Thursday
  • Town Hall Simulation
Friday
  • Journal 5: debrief simulation
  • IOUSA
  • HW= Personal Finance Friday: Taxes

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