ECONOMICS: March 27 Warm-up What is the relationship between unemployment and poverty? Learning Target #1 In order to understand the causes and consequences.

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ECONOMICS: March 27 Warm-up What is the relationship between unemployment and poverty? Learning Target #1 In order to understand the causes and consequences of instability in the U.S. economy, I will analyze the business cycle. I will know I have it when I can: (1) draw an appropriately labeled business cycle diagram, including the trend line; (2) explain the general cause of the business cycle; and (3) know the typical duration of a recession. Ch. 13, Lesson 1 Student Lecture Guide (HO from last class) --business cycle terminology; business cycle diagram; general business cycle cause; troughs, peaks, and unemployment; historical length of recessions Learning Target #2 In order to understand the causes and consequences of instability in the U.S. economy, I will analyze the civilian unemployment rate. I will know I have it when I can: (1) calculate a hypothetical unemployment rate; (2) explain why the rate as reported may be over- or understated, etc. Ch. 13, Lesson 3 Student Lecture Guide (HO) --key terms; underemployment; unemployed; long-term unemployed; underestimating unemployment; unemployment graph; protecting against unemployment Closure What can you do at this time of your life to give yourself a better chance to get the type of job you want? Assignment Read Ch. 13, Lesson 2