You need to read each section as we cover it

Mon 5/20 - To computer lab to work on Final Project (see instructions below)

Tues 5/21 - Chapter 10-1 - Economics of Government Spending & Fiscal Policy

Wed 5/22 - Ch 10-2 - Federal government Expenditures

Thurs 5/23 - Ch 11-1 - Functions of Money & computer lab to work on project

Fri 5/24 - activity

Mon 5/27 - Memorial Day - no school

Tues 5/28 - review for TEST on Chapter 10-1, 10-2, 11-1(see review below)

Wed 5/29 - Last day in computer lab to work on project

Thurs 5/30 - TEST on Chapter 10-1, 10-2, 11-1

Fri 5/31 & Mon 6/3 - Final Project Presentations

review for Chapter 10.1, 10.2, 11.1 quiz

(this list in NOT all inclusive)

·         Go over all section review sheets

·         Balanced budget, deficit, surplus

·         Public sector vs. private sector

·         Fiscal year

·         Deficit spending & federal debt

·         Entitlements

·         Appropriations bill

·         Transfer payment

·         Federal/state bonds – why?

·         Federal spending since 1940’s

·         Per capita

·         Government spending

·         Grant-in-aid

·         Federal expenditures (top 3)

• Barter economy –coincidence of wants
• Monetary standard –elements
• Medium of exchange – what?
• Fiat money – what?
• Medium of exchange
• ***Money – what? functions? definition? characteristics***
• **Federal budget process**

Economics APBA Final Project

You are the Economic Advisors to President of the United States. The President must make a short presentation to a joint session of Congress (who controls fiscal policy) and the Board of Governors for the Federal Reserve (who controls monetary policy) detailing the status of the economy (where we are in the business cycle) and proposing both fiscal and monetary policies. The President has asked you to write his speech with all of the appropriate information as he is not an economist.

·         Students, in groups of two or three students, will present on specific aspects of the economy. The presentation should consist of a minimum number of graphs (as indicated) with an explanation of what the graph says about the economy’s position in the business cycle.

·         Groups will be shown a selection of graphs to get started.    Each group will research (in the computer lab) and come up with a minimum of 6 graphs to be used in the presentation. Possible ideas:

o    Manufacturing: Gross Domestic Product (GDP), Durable Goods, Inventories

o    Labor/Unemployment: Jobs, labor Force Participation Rate, Unemployment rate

o    Federal Reserve: M2 Money Supply, Discount rate

o    Housing: New Home Sales, Housing Starts, Construction Put in Place

o    Conference Board: Consumer Confidence, Index of Leading Indicators

o    Secretary of Commerce: Retail Sales

o    Stock Market: S&P 500

·         Individuals will submit a 1-2 page copy of the speech they will give to the President of the United States, detailing the fiscal and monetary policies that should be implemented to address the economic situation at the present moment.

Rubric

Copy of letter/speech (with heading & signature)                10 points

Argument on where in the business cycle                             10 points

Student generated graphs with explanation                         30 points

Monetary policy – tool chosen with explanation                   10 points

Fiscal Policy – tool chosen with explanation                         10 points

Overall presentation - quality, teamwork, content               20 points

Total =                                                                                      90 points

   

Market Minute – Presentation Rotation – Period 6 (remember MLA format work cited)

DATE                                                PRESENTERS

END Market Minutes

 

Market Minute – Presentation Rotation – Period 8 (remember MLA format work cited)

DATE                                   PRESENTERS

END Market Minutes

 

Market minute instructions: 

Each class period in Economics will start with a market minute. Two students will be assigned each day on a rotating basis to present a quick synopsis of the stock markets major indicators (Dow Jones Industrial Average -DJIA, National Association of Securities Dealers Automated Quotation - NASDAQ, and Standard & Poor 500 - S&P 500) from the previous day (Mondays report will be from Fridays closing). Students should give the markets closing numbers, tell whether each indicator went up or down, and give a brief reason why the markets reacted as they did (e.g. all the markets were down due to the price of a barrel of oil rising $2.00 per barrel).

Each of the assigned students will also present an economic current event that was found in a recent newspaper, magazine, journal, or on the web. The student should give a one minute summary of the article, explaining its economic significance. The assigned students will be responsible to turn in a copy of the article and the written summary (approximately -1 page long written or typed). Students must include their name, date of the assignment, where the article was found, and the date of the article.                           Students must also include a MLA format works cited

Besides the Wall Street Journal and your local newspapers business/finance section, the following websites are suggested:

http://money.cnn.com/

http://www.bloomberg.com/

http://finance.yahoo.com/?

http://www.usatoday.com/money/front.html

http://news.moneycentral.msn.com/briefing/StockTicker.asp

http://www.investorguide.com/