Introduction+to+Macroeconomics

= **__Unit 3: Introduction to Macroeconomics __** =

**3 weeks (approximately 7 blocks)**

__**Suggested Pacing:** __
 * ======**Instructional Day** ====== || ======**Learning Objectives** ====== || ======**Time Allotted** ====== ||
 * ======1 and 2 ====== || ======Objectives 1, 2 and 3 ====== || ======80 minutes ======

80 minutes
||
 * ======3 ====== || ======Objective 4 ====== || ======80 minutes ====== ||
 * ======4 ====== || ======Objective 5 ====== || ======80 minutes ====== ||
 * ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">5 ====== || ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">Objective 6 ====== || ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">80 minutes ====== ||
 * ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">6 and 7 ====== || ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">Synthesis Project ======

<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">(hands on opportunity that combines and reviews all objectives)
|| ======<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">80 minutes ======

<span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">80 minutes
||

__<span style="font-family: 'Cambria','serif';">**Learning Objectives and Lesson Ideas:** __ <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Consumption + Investment + Government Spending + Net Exports = GDP || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-PPT; definition, notes, examples <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Morton activities (AP resource) <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Virtual Economics DVD/CD || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Charts to show change over time in US economy || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Cyclical and structural (assessment purposes) <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Primary source documents <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Current events || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Current events || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Explain the difference between income and wealth ||
 * · <span style="font-family: 'Cambria','serif';">Define GDP and its relevance to the world economy || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-The total value of all final goods and services produced in a country on an annual basis
 * · <span style="font-family: 'Cambria','serif';">Classify whether certain goods and services are included in determining GDP || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Intermediate versus final goods
 * · <span style="font-family: 'Cambria','serif';">Identify and explain the parts of a business cycle and evaluate a nation’s current place in the cycle || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Connect to GDP, unemployment and inflation
 * · <span style="font-family: 'Cambria','serif';">Describe different types of unemployment and understand the importance of cyclical unemployment || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Cyclical, structural, seasonal, frictional unemployment
 * · <span style="font-family: 'Cambria','serif';">Predict the effects of inflation on different economic groups || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Write a paragraph on who it helps/hurts
 * · <span style="font-family: 'Cambria','serif';">Assess poverty and the government’s role in reducing poverty || <span style="font-family: 'Cambria','serif'; line-height: normal; margin: 0in 0in 0pt;">-Class discussions
 * INITIAL Draft - Sample Unit Plan**

__**GDP**__ __**Unemployment**__ __**Inflation**__ __**Poverty**__ Money vs. Wealth