On Level Economics Lesson
April 3rd
Step 1
Watch the video below to review the price index and inflation concept
https://www.youtube.com/watch?v=SmOMp8gycMA
Page 15 in the Unit 4 Packet
- You may work with a partner to answer the questions on page 15. This is good practice for the quiz you will have in the next class period.
* About 10-12 minutes*
Step 2
You will need a copy of the article "Making Sense of the Ups and Downs" and page 16 in Unit 4
- The sub will have a class set. You will have to turn this article in when you are done reading.
- Answer the true/false questions in Part I
- Put an X through Part II
- Read the article and answer the question in Part III
- Turn the article and the answer sheet into the sub
* About 12 minutes*
Step 3
Watch the following video to understand who is counted in the labor force and who is not
Step 4
Page 17 in your packet
You will need to use the Photo below to copy notes onto page 17 in your Unit 4 packet.
Step 5
Page 18 in your Unit 4 packet
You will need to watch the video and understand the 3 main types of unemployment
Step 6
Use the photo below to make sure you have the completed notes for types of unemployment
Step 7
Classifying Unemployment
With a partner you may work on page 19.
- Read each scenario and answer if the person is unemployed, employed or not counted in the labor force. The identify what type of unemployment or why they are not counted.
- We will check these answers before the quiz in the next class.
Step 8
Step 9
Watch the video below for Business Cycles. Write a description of the phases on page 21
(Macro) Episode 23: Business Cycles