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Macroeconomics and
the Global Economy

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Introduction to Macroeconomics

Students will be introduced to Adam Smith, famous economist through a video.  Students will read about scarcity, four factors of production, positive and normative statements and analysis, economic models, and discussion questions accompaning each reading.  
​www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/introduction-to-the-economic-way-of-thinking-macro/v/introduction-to-economics
​
(No download available for this lesson)

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Supply and Demand

Students will understand and be able to define supply and demand, the market's "invisible hand", and the equilibrium point.  Students will participate in a worksheet, multiple discussion activities, and a Deal or No Deal game relating to supply and demand.  Students will also watch a warmup video on supply and demand.  
supply-and-demand_lesson-plan.pdf
File Size: 62 kb
File Type: pdf
Download File


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Business Cycles and Indicators

Students will be able to understand and define the business cycle, phases, and be introduced to GDP.  This lesson is comprised of group activities, discussions, a pair activity, two worksheets, and a research activity on the U.S. economy in a 10 year period.
www.econedlink.org/resources/ap-macroeconomics-the-business-cycle-introduction-to-macroeconomic-indicators/
(No download available for this lesson)

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Is free trade worth the price? 

Students will be introduced to global trade, and free trade in particular.  Students will understand why and how countries trade, what free trade is, and arguments for and against it.  Students will complete four formative assignments, increasing in difficulty until the summative assignment where students will answer the compelling question: Is Free Trade is worth it?
newyork_12_free_trade.pdf
File Size: 3142 kb
File Type: pdf
Download File


Other Useful sources


Macroeconomics

Essential Questions:
How should businesses and governments respond to changes in the business cycle?

Why are poor people poor?
Freakonomics Radio
STOCK MARKET GAME Play Ms. Eckert's stock market game.
  1. Go to www.marketwatch.com
  2. Click on "Login" and then choose "Register"
  3. Enter your information, then go to your email address to verify your account.
  4. Login, then go to http://www.marketwatch.com/game/eckert-economics14
What you earn in the stock market game over the course of the term will be added to your total Eckert Dollars.

Business Cycles

Essential Questions:
Why are poor people poor?

Does the US need Affirmative Action?
LESSON: Business Cycles
Take notes on Ms. Eckert's presentation, then complete the Business Cycle Activity.
LESSON: Recession and Poverty
Take notes on Ms. Eckert's presentation.  Watch the videos below to reinforce your learning.
LESSON: The Line
Watch the documentary below on poverty in America and complete the Questions as you go.
LESSON: GDP
Take notes on Ms. Eckert's presentation, then read the GDP Article.
LESSON: Inflation
Take notes on Ms. Eckert's presentation, then read Inflation Article and respond to main idea questions.

Government Role

Essential Questions:
Is the economic system in the United States fair?
What can history tell us about the extent to which government should regulate trade?
LESSON: Government Role and Fiscal Policy
Take notes on Ms. Eckert's presentation, the read the Fiscal Policy Article and respond to questions.  Watch the video below and respond to the speakers argument.  Do you agree?
LESSON: Monetary Policy
Take notes on Ms. Eckert's presentation, then listen to the NPR podcast below.  Do you agree with the summation?
LESSON: Macroeconomic Theories
Complete Schools of Thought Activity before class.  Take notes on Ms. Eckert's presentation, then complete the Federal Budget Activity.
Federal Budget Activity

Global Trade

Essential Questions:
Is the economic system in the United States fair?
What can history tell us about the extent to which government should regulate trade?
Freakonomics: Pontificating on the Free Market
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Click to go to interactive map.
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  • Home
    • About
    • Contact Us
  • SSE in Context
    • Scholarly Resources
    • Digital Literacy
  • SSE Student Programs
    • NHD Project >
      • Research
      • NHD in History
      • NHD in Psychology
    • Model UN
    • Youth and Government
  • Webquests
    • NH Veterans Project
    • Civil Rights Webquest >
      • Objectives
      • Timeline
      • People of the Movement >
        • Martin Luther King Jr.
        • Malcolm X
        • Rosa Parks
        • Orval Faubus
        • George Wallace
        • Bull Conner
    • Industrial Tycoon Webquest
  • Blog
  • SS Courses
    • US HISTORY
    • GOVERNMENT
    • PSYCHOLOGY
    • ECONOMICS >
      • Economic Evolutions
      • Economic Policy
      • Economic Problems and Solutions
    • WORLD HISTORY
    • GEOGRAPHY >
      • Global Patterns Of Human Migration
  • SSE Resources
    • Digital Inquiry Group
    • Moose on the Loose
    • Remedial Herstory
    • Choices Program
    • C3 Teachers
    • Next Gen Personal Finance
    • Edcitement
    • Newslea