Economics Feb 23

Economics-02/22/13-Friday







SEMA2



The student will explain the role and functions of the Federal Reserve System



SSEMA2.a



Describe the organization of the Federal Reserve System.



SSEMA2.b



Define Monetary policy.



SSEMA2.c



Describe how the Federal Reserve uses the tools of monetary policy to promote price stability, full employment and economic growth.







My people: Remember to make RATIONAL DECISIONS!!!











Appetizer –Finish assignment from Thursday in coach EOCT book







Assessment: Put your answers on a sheet of paper! Feel free to look back in the macro section of our coach book-look at the hints they give you!



Page 76-#1



Page 77-1-4



Page 80-1-7-write the term and answer for this part



Page 81-1-4







Main Course:



Macro TABLE of CONTENTS-#6-EQ: What is AD and AS?

Review monetary policy and fiscal policy

Hand out on fiscal policy

Virtual Economics clip

Group Activity-AD and AS practice, fiscal and monetary policy practice-each person will have their own paper, but as a group brainstorm together what answers should be

Summarizing activity: Take you TOD from last week, turn it over and go to 3 different people, have them “text” a summary of fiscal and monetary policy. They cannot repeat something some other person “texted”-it must be a new “text” or summarizing statement. Then after getting 3 different perspectives, you will write a statement based on what your classmates “texted” you.