Objective: LONG RUN MACROECONOMIC DEBATES 1. Warm up—What three factors are the New Economy based upon? 2. Making sense of the article: An explanation of the 1929 Depression (small groups, discussion) 3. Write a three paragraph discussion of the article. (last 20 minutes) Read chapter 17 for tomorrow

Objective: Keynesian Economics 1. Warm up—What is the multiplier effect? 2. Keynesian Economics (reading p ) 3. Economics USA: John Maynard Keynes 4. Was building pyramids good for the Egyptian economy? Explain. DON’T FORGET: GDP Comparison project is due Wednesday, November 5, 2014 at the beginning of class.

Objective: The Roaring Twenties Warm up—Why did the U.S. finally go to war in Europe in 1917? 1. Warm up—What is nativism? 2. The Twenties: Postwar Trends and the Fear of Communism. (reading, notes on outline) 3. Complete Chapter 12 outline (p ) 4. Sacco and Venzetti (video, notes)

Objective: LONG RUN MACROECONOMIC DEBATES 1. Warm up—What makes the Great Depression a special economic downturn? 2. Complete your three paragraph discussion of the article: An explanation of the 1929 Depression. 3. Macroeconomic Debates Homework: page 336 (1-3,11,13, 14)

Objective: Keynesian Economics 1. Warm up—Who was John Maynard Keynes? What is his greatest accomplishment? 2. Complete questions of page 401 (1-6) 3. Keynesianism v. Supply Side 4. The Commanding Heights (video excerpt) DON’T FORGET: GDP Comparison project is due tomorrow, Wednesday, November 5, 2014 at the beginning of class.

KeynesianSupply-side What situation(s) prompted these ideas? Key ideas/features How should government respond to the economy? And when?

Objective: The Roaring Twenties 1. Warm up—Who was Warren G. Harding? Why is he special to you? 2. Complete Chapter 12 outline (p ) 3. Sacco and Vanzetti (video, notes) Homework: page

Objective: LONG RUN MACROECONOMIC DEBATES 1. Warm up—What is supply-side economics? 2. Reviewing the rubric: An explanation of the 1929 Depression. 3. Macroeconomic Debates (continued) 4. Homework review: page 336 (1-3,11,13, 14)

Objective: Monetary policy 1. Warm up—What is supply-side economics? 2. Collect GDP Comparison project 3. Keynesianism v. Supply Side reviewed 4. Money, money, money, money. (reading, notes) 5. The Fed today (video, notes)

KeynesianSupply-side What situation(s) prompted these ideas? The Great Depression and why the economy was not correcting itself. High taxes and a stagnant economy Key ideas/features1. Consumer demand is what stimulates the economy. 2. In bad economic times, Government should spend to make up for losses in C and I spending. 3. Multiplier effect 1. Lower taxes will encourage more business investment 2. This will increase the supply of goods 3. Taxes discourage output How should government respond to the economy? And when? Use of Fiscal policy to expand or contract the economy Tax cuts will encourage businesses to reinvest in the economy

Objective: The Roaring Twenties 1. Warm up—What was the teapot dome scandal? 2. Homework review: page Review Chapter 12 outline (p ) 4. Sacco and Vanzetti (video, notes)

Objective: LONG RUN MACROECONOMIC DEBATES 1. Warm up—How would Keynes respond to supply-side criticism of government spending? 2. A few HW problems (p ,11,13, 14) 3. Complete Macroeconomic Debates 4. Discuss Macroeconomic Debates Unit 5 Exam tomorrow (20 multiple choice questions and 1 free response of the article “An explanation of the 1929 Depression.”

Objective: Monetary policy 1. Warm up—What are the three functions of money? 2. The Fed today (video, notes) 3. The Federal Reserve examined (notes, discussion) p Reading and questions p Death to Pennies!

Objective: The Business of America 1. Warm up—What events framed the trial and execution of Sacco and Vanzetti? And why did it receive so much attention? 2. Define the 3 terms and names on p427 (1) 3. Reading p Five Technology and Business Changes of the 1920s 5. Terms and people 6. Questions

Objective: LONG RUN MACROECONOMIC DEBATES 1. Warm up—List the elements of a more productive economy. 2. Unit 5 Exam

Objective: Monetary policy 1. Warm up—What is the Federal Reserve? 2. Death to Pennies! (4 th period) Fractional reserve banking 3. Reserve requirement 4. How banks create money (get out your calculators!) 5. Economics USA and the banking

1. -a--o and –anz-tt- (Falsely accused?) 2. -a -- i- -o o-i- - e (The business of America is business, 2 words) 3. -a--e- -. –a- - i– - (scandalous!) 4. I-o-a-i o-i– - (leave me alone!) 5. I- - - a e a – (credit, 2 words) 6. - o a - o- e (war to end all wars, 3 words) 7. - o u - - e e - - o i (Wilson’s test score, 2 words)

Objective: The Business of America 1. Warm up—Solve these. 2. Open book test on Chapter The Roaring Twenties (video, notes)

Objective: INTERNATIONAL TRADE 1. Warm up—Why do nations trade with one another? 2. Where we are, where we’re going: read Unit 6 Topic A for tomorrow. 3. The Tank Man: The Road to China’s embrace of capitalism (video, notes, discussion)

Objective: Monetary policy 1. Warm up—Explain 2 reasons why the penny is a useless form of money. 2. Tools of Monetary policy (p ) Reading, discussion, questions Economics USA and the banking (continued) 4. How banks create money reviewed. Homework: p Recalling facts and ideas 1-10, Thinking critically 1-3

Objective: Changing ways of life in the Twenties 1. Warm up—What was a speakeasy? 2. Prohibition: A booklet

Fold paper in half (hamburger!) Find the following information. Discuss it on these pages of your booklet: 1. Title and your name at the top. Most of the body should include the Eighteen Amendment. Copy from p100. (Summarize at the bottom) 2. Discuss the causes and effects of Prohibition. (p ) 3. Timeline of events related to prohibition from 1920 to 1933 (p ) 4. Difficult decisions questions (p436)

Objective: INTERNATIONAL TRADE 1. Warm up—What is comparative advantage? 2. Comparative advantage v. absolute advantage 3. The Tank Man: The Road to China’s embrace of capitalism (video, notes, discussion) 4. Comparative advantage, an exercise

Objective: Monetary policy 1. Warm up—What are the main liabilities of a bank? 2. 5 th period homework check (p Recalling facts and ideas 1-10, Thinking critically 1-3) 3. You’re the Fed! (worksheet, discussion) 4. Economics USA and the banking (continued) 5. Fed Review

Objective: Changing ways of life in the Twenties 1. Warm up—What was a bootlegger? 2. Review Prohibition: A booklet 3. The speakeasy in film 4. Chapter review 5. The Harlem Renaissance

Objective: INTERNATIONAL TRADE 1. Warm up—What is absolute advantage? 2. Comparative advantage v. absolute advantage (reviewed) 3. The Tank Man questions 4. Comparative advantage, explanations and exercises HOMEWORK: p694 (1,3,4,8,9)

Objective: Monetary policy 1. Warm up—Why are a bank’s loans considered assets? 2. You’re the Fed! (reviewed) 3. More Fed Review 4. Conducting Monetary Policy (reading, questions) p

Objective: Changing ways of life in the Twenties 1. Warm up—Who was Langston Hughes? 2. The Harlem Renaissance (reading, worksheet) 3. The Century: The Roaring Twenties (video, notes) Quiz tomorrow

Objective: INTERNATIONAL TRADE 1. Warm up—The GDP of Badlandia includes exports of $15.3 billion and imports of $14.7 billion. A) Calculate the net exports and total trade for Badlandia. B) Why is it important to consider both? 2. The Tank Man questions (period 2) 3. Comparative advantage, explanations and exercises 4. Economics USA on Trade 5. Review Homework problems HOMEWORK: p694 (1,3,4,8,9)

Objective: Monetary policy 1. Warm up—Why is the Fed known as the banker’s bank? 2. Review Fed worksheet 3. The Fed on 911 (video, notes, discussion) 4. Conducting Monetary Policy (reading, questions) p ,15 5. Yesterday’s assignment p

Objective: Changing ways of life in the Twenties 1. Warm up—What was the Harlem Renaissance? 2. Quiz on Chapter Bonus assignment (extra points! P460 Terms and Names 1-10; Critical Thinking 1) Must be complete to earn the points 4. The Century: The Roaring Twenties (video, notes)

Objective: INTERNATIONAL TRADE p694 (items 2,5,6,7,10,11,12)

Objective: Monetary policy 1. Complete items 1-6, 8 on page 434 and items 1-2 on page 435.

Objective: The Great Depression Begins 1. Read pages As you read, answer the main idea questions on pages 465, 466, 467, 469, Answer the skillbuilder questions on pages 467, 468, Complete assessment items 1-4 on page 471. Complete for homework

Objective: INTERNATIONAL TRADE 1. Warm up—What effect do tariffs have on the supply of a good? Illustrate this concept. 2. Absolute advantage v. comparative advantage 3. Economics USA: international trade

Objective: Monetary policy 1. Warm up—Under what circumstance would the Fed want to contract the supply of money? 2. The Fed and Review Fed items Exam on money and the Fed on Thursday.

Objective: The Great Depression Begins 1. Warm up—What is a depression? 2. Review some of yesterday’s items A.Read pages As you read, answer the main idea questions on pages 465, 466, 467, 469, 471. B.Answer the skillbuilder questions on pages 467, 468, 470. C.Complete assessment items 1-4 on page The Century (video, notes)

Objective: INTERNATIONAL TRADE 1. Warm up—What effect do subsidies have on the supply of a good? How does this affect the demand for the same good? Illustrate. 2. Absolute advantage v. comparative advantage 3. Dialogue 4. Economics USA: international trade 5. A few homework problems

Mona is studying for her economics exam when her brother walks into the room. “What are you doing?” he asks. “Studying for Friday’s exam.” “Friday?” asks George. “But it’s only Wednesday!” “I like to get ahead.” “Such a nerd! What’s the exam on?” “Comparative advantage and trade.” George is very smart. But he’s about to find out that his sister Mona knows a few things he doesn’t know. Work with a partner to write a two-page dialogue of Mona “schooling” George on this topic.

Objective: Monetary policy 1. Warm up—What were the main concerns of the Fed after the attacks on September 11, Explain. 2. Dialogue on the Fed and the economy 3. Review Fed items 4. Economics USA: The Federal Reserve Exam on money and the Fed has been moved to Friday.

Mona is studying for her economics exam when her brother walks into the room. “What are you doing?” he asks. “Studying for Friday’s exam.” “Friday?” asks George. “But it’s only Wednesday!” “I like to get ahead.” “Such a nerd! What’s the exam on?” “Money and how the Federal Reserve policies influence the economy.” George is very smart. But he’s about to find out that his sister Mona knows a few things he doesn’t know. Work with a partner to write a two-page dialogue of Mona “schooling” George on this topic.

Objective: The Great Depression Begins 1. Warm up—What is the stock market? 2. Review section main idea questions 3. Reading the Great Depression 4. The Stock Market Crash 5. The Century (video, notes)

Objective: INTERNATIONAL TRADE 1. Warm up—Freedonia can produce 50 ollygoogles or 100 doodle dandies. Sylvania can produce 50 ollygoogles or 25 doodle dandies. Explain if they can both benefit from specialization and trade. 2. Absolute advantage v. comparative advantage—quick review 3. Complete your dialogue 4. Economics USA: international trade

Objective: Monetary policy 1. Warm up—What is the Federal Funds Rate? 2. Complete your dialogue on the Fed and the economy (15 minutes) 3. Share your dialogue for participation points. 4. Review Fed items 5. Economics USA: The Federal Reserve Exam Friday on money and the Fed.

Objective: The Great Depression Begins 1. Warm up—What is buying on margin? 2. The Stock Market Crash (a game) 3. The Century (video, notes)

Objective: INTERNATIONAL TRADE 1. Warm up—What is offshoring? 2. Share your dialogue 3. Economics USA: international trade Read Chapter 36 over break. Complete items 2,3,7 and10.

Objective: Monetary policy 1. Warm up—What is the prime rate? 2. Money and the Fed exam 3. Share your dialogue. 4. Demystifying the stock market

Objective: The New Deal 1. Warm up—What was the New Deal? 2. The New Deal brochure 3. Reading and questions 4. The Century continued