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Introduction to MacroeconomicsStudents 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.
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Supply and DemandStudents 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.
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Business Cycles and IndicatorsStudents 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?
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Other Useful sources
MacroeconomicsEssential Questions:
How should businesses and governments respond to changes in the business cycle? Why are poor people poor? |
STOCK MARKET GAME Play Ms. Eckert's stock market game.
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Business CyclesEssential Questions:
Why are poor people poor? |
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 RoleEssential 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. |
Global TradeEssential Questions:
Is the economic system in the United States fair? What can history tell us about the extent to which government should regulate trade? |
Click to go to interactive map.
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