UNIT II. MACROECONOMIC ISSUES AND MEASURING ECONOMIC PERFORMANCE Objective: Examine and explain the multiplier effect on the circular flow of payments. 1. Warm up—Explain why increased unemployment will shift both the consumption and savings schedules down. 2. Unit 2 practice 1.Groups of four 2.Answer the practice questions. 3.Provide a supporting fact/concept for each question. For example, if the question reads, “In an economy where the MPC is 75%. The multiplier would be: B) 4.” Your supporting fact might be “multiplier=1/1-MPC.” 3. More Unit 2 review and exam info UNIT 2 Exam—Friday, October 2

Objective: Examine the laws of Supply and Demand and the graphs that reflect these concepts. 1. Warm up—What is a complement? 2. More practice in groups. 3. Chapter 6 questions (p , 18-22) 4. Quiz info and review Quiz tomorrow on Supply and Demand

Objective: Students will examine the expansion of American life on the Great Plains (Chapter 5) 1. Warm up—Explain three challenges the Homesteaders faced in settling the Great Plains? 2. Create a four panel story/dialogue about some change on the western frontier 3. Chapter 5 Summary questions reviewed 4. After you read (worksheet review) 5. Cowboys and ranching (video, notes) Quiz on chapter 5 (bring you book in case it’s open book again.)

Create a four panel story/dialogue about a change on the western frontier discussed in chapter 5. ◦ Choose a topic. (for example, the exodusters, populism, Homestead act, Dawes act, etc.) ◦ Create a four panel story. Use pictures and dialogue (You can draw stick figures) ◦ Be sure your story/dialogue explains the impact of some aspect of this period in history.

UNIT II. MACROECONOMIC ISSUES AND MEASURING ECONOMIC PERFORMANCE Objective: Unit 2 assessment. 1. Warm up—What effect does inflation have on the rate of return? 2. UNIT 2 Exam 3. Turn in packet Read Unit 3 Topic A

Objective: Examine the laws of Supply and Demand and the graphs that reflect these concepts. 1. Warm up—What is a substitute? Give an example. 2. Supply and Demand Quiz 3. Turn in packet 4. Secret History of the Credit Card

Objective: Students will examine the expansion of American life on the Great Plains (Chapter 5) 1. Warm up—Why was barbed wire such an important innovation? 2. Open book quiz on chapter 5 (No sharing of books; you must use your own) 3. Cowboys and ranching (video, notes) 4. Yesterday’s panels (if time allows) 5. How to pronounce Uranus (video) How to pronounce Uranus (video)

UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY Objective: Examine the aggregate expenditures model. Graph accordingly. 1. Warm up—What is equilibrium GDP? 2. Topic A: Aggregate expenditures model (chapter 9) 3. The Commanding Heights (video, notes) Read Unit 3 Topic A

Objective: Students will examine the types of business organizations, how they’re structured and the advantages and disadvantages of each. 1. Warm up—Why was South Dakota so important to the credit card business? 2. Business Organizations (reading, questions, terms) 3. Secret History of the Credit Card (continued)

Objective: Students will examine the expansion of industry in the late 19 th century and it’s impact on American life (Chapter 6) 1. Warm up—What? 2. The expansion of industry (reading p ) 3. The History of Thomas Edison (video, notes) 4. Questions on page

UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY Objective: Examine the aggregate expenditures model. Graph accordingly. 1. Warm up—How is it that a $20 billion dollar injection of government spending into the economy will move the equilibrium GDP from $470B to $550B? Draw the aggregate expenditures model to illustrate this point. 2. Aggregate expenditures model (quick review) 3. The Commanding Heights (video, discussion, notes) Homework: Chapter 9 (p ,4,6,8,9,15)

Objective: Students will examine the types of business organizations, how they’re structured and the advantages and disadvantages of each. 1. Warm up—What services do credit card companies offer their customers? 2. Business Organizations (continued reading, questions, terms, and section test) 3. Secret History of the Credit Card (continued) HOMEWORK: Research the Credit Card Accountability Responsibility and Disclosure Act of Why was it necessary? Explain 5 changes this act brought about? Due: Thursday!

Objective: Students will examine the expansion of industry in the late 19 th century and it’s impact on American life (Chapter 6) 1. Warm up—Why is this period called the “Industrial Revolution?” 2. Review (page ) 3. The American Industrial Revolution (video, notes, discussion) The American Industrial Revolution HOMEWORK:

UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY Objective: Examine the aggregate expenditures model. Graph accordingly. 1. Warm up—What are the components of GDP? What do these categories measure? Be explicit. 2. Production possibilities, circular flow of payments, business cycle and aggregate expenditures model. 3. Aggregate demand and supply (graphs, notes) 4. Review homework: Chapter 9 (p ,4,6,8,9,15) 5. The Commanding Heights (video, discussion, notes)

Objective: Students will examine the types of business organizations, how they’re structured and the advantages and disadvantages of each. 1. Warm up—Explain one criticism of the Credit Card industry. 2. A business of your own 3. The 4 Ps. 4. Secret History of the Credit Card (concluded) HOMEWORK: Research the Credit Card Accountability Responsibility and Disclosure Act of Why was it necessary? Explain 5 changes this act brought about? Due: Thursday!

 What good or service are your selling?  What is the mission of your business?  Where is business located?  Who are your customers? How will you attract them?  How will you structure your business? (If you work with someone, you will be a partnership; if you decide to be a corporation, you can have up to four “shareholders.”)  List the advantages and disadvantages of this structure  Summarize the four Ps of marketing: Price, Product, promotion, place

1. The name of your business and it’s location. Include your company logo and mission. 2. Product line: explain the uses and benefits of the goods and/or services you’re selling. Include prices and pictures. 3. Who is your target market? (Your customers, demographics, etc.) 4. Marketing strategies: how will you reach your potential customers? List the things your will do. 5. Organizational structure. Advantages and disadvantages. Include how you will address the disadvantages. 6. Your name and the names of your partners or shareholders. Indicate the role of each.

Objective: Students will examine the expansion of industry in the late 19 th century and it’s impact on American life (Chapter 6) 1. Warm up—What was the Interstate Commerce Act? How effective was the Act? Explain. 2. Create A New Industrial Age booklet. 3. The American Industrial Revolution (video, conclusion) The American Industrial Revolution

Create A New Industrial Age booklet. Your booklet should include the following pages: 1. Title, your name at the top. A timeline of events of the period. 2. Section 1: The Expansion of Industry 3. Section 2: The Age of Railroads 4. Section 3: Big Business and Labor Compile info on the key ideas of each section, important figures and events. All pages should have some graphic or image (i.e. map, picture, chart, etc.) Use your book for most of the key ideas but each page should include info added from some other source.