1. NO ENTRANCE TICKET TODAY
10/25/13
NO ENTRANCE TICKET TODAY
Put journals in pile on front table.
Use your notes/neighbor to figure out #3 on HW I’m passing back.
On desk: RPS Game Reflections (I’m passing back)

2. Keynesian or Trickle-Down & why?
 Socialism Capitalism

3. ------------------------------ JOBS:
KEYNESIAN ECON. THEORY
PUBLIC SERVICES: 1. 2. 3. 4. 5. 6. 7. 8.
JOBS:
________________________________________
“Bigger” Government
______________
___________
Small private businesses
_____________
_____________
Large private businesses
Less Wealthy Americans
Wealthy Americans

4. TRICKLE-DOWN ECON. THEORY __________
______________________________________
Wealthy Americans
Large private businesses
______________
_____________
_______________________________________
“Smaller” Government
Small private businesses
_____________
PUBLIC SERVICES:
fewer, less quality
fewer public jobs, more private jobs
Less Wealthy Americans

5. 10/25/13
Econ. Agenda
My Economic System (final project, Quarter 1)
HW:
My Econ. System Project due Tues. – end of class

6. My Economic System Project
(final Q1 project)

7. U.S. Economic System
Type: Explanation
How does the U.S. get its money?
How does the U.S. govt. spend its money?
Individual Income Taxes
High
Medium
Low
President Obama’s Proposed Budget (2014):
Medicare = %
Military = %
Education = %
Etc.
Total revenue =
Total spending =
Corporate Income Taxes
Large
Small
Effective
What goods & services are paid for privately?
Examples, examples, examples, examples

8. Harrison’s Economic System
Type: Explanation
Trickle-Down economic theory because…
How does my govt. get its money?
How does Harrison’s govt. spend its money?
Individual Income Taxes
(lower than U.S. govt.)
High
Medium
Low
President Delfin’s Proposed Budget (2014):
Medicare = % (more than U.S. govt.)
Military = % (more than U.S. govt.)
Education = % (more than U.S. govt.)
Etc.
Total revenue =
(less than U.S. govt.)
Total spending =
(less than U.S. govt.)
Corporate Income Taxes (higher than U.S. govt.)
Large
Small
Effective?
What goods & services are paid for privately?
(more than U.S. govt.)
Examples, examples, examples, examples