1. Ch. 12-13 Test is Wednesday (warm-ups due then)
ECONOMICS: October 27
Warm-up: What is the relationship between GDP and unemployment? Why? (be specific)
Economics 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: list and explain several causes of the business cycle.
See Ch. 13, Lesson 1 Student Lecture Guide (HO from earlier) --business cycle: causes, G steps to deal with economic instability
Economics 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; (3) list and explain the different types of unemployment; and (4) analyze costs of unemployment. See Ch. 13, Lesson 3 Student Lecture Guide (HO) --warm-up #2; key terms; underemployment; unemployed; long-term unemployed; underestimating unemployment; unemployment graph; protecting against unemployment Assignment: --work on Ch Test Review (HO)
Ch Test is Wednesday (warm-ups due then)