1. Entrance Ticket
Group the following items into two common groups: -Left -Conservative -Liberal -Right -Democrats -Republicans -Bernie Sanders -Donald Trump -The Creators of the SpentTM Game

2. Agenda 1) Go Over Tax Policies / Political Compass
2) New Essential Question
3) Notes
4) In-Class Research
5) HW

3. Taxes and the Political Compass
JULIO

4. New Essential Question

5. ***New Essential Question***
How do I know when the economy is doing well?

6. Notes

7. Think – Pair - Share
What were the major topics we covered in Microeconomics?
What topics do you predict we will study in Macroeconomics?

8. Microeconomics vs Macroeconomics
Studying one tree
Studying the whole forest

9. How do you measure the size of the forest?
In Macroeconomics, we examine large economies that range from a city or town to the entire globe
How can we compare the size of said economies?
Gross Domestic Product (GDP)

10. Key Terms
GDP (Gross Domestic Product): The market value of all final goods and services produced in an economy in one year
Goods: Something that you can use or consume, like food or CDs
Services: Something that someone does for you, like give you a haircut

13. In-Class Research

14. Economics Graphic Analysis
Use the GDP maps provided and the GDP rankings available from the world bank (google: “world bank gdp ranking”) to answer the assigned questions
Goal: To train you to read graphics/charts and to allow you to see how GDP numbers are useful for making comparisons

15. HW

16. HW: Goods/Services PPT
Now that you know what goods and services are, create 2 (TWO) PPT slides
On the first slide, include 5 images of GOODS
On the second slide, include 5 images of SERVICES
Share with Julio (That’s it!)