Feb 3 Business and Finance

Learning Goals:
Obj 1.02 Understanding Economic Systems- Review Factors of Production, GDP, Inflation, and Recession. Learn about Types of Interest Rates

Bell Ringer:
1. Get your project worksheet.

2. Go to My Computer, Student Docs, Principles of Business, Unit 1 and open New POB 1.02 PowerPoint

3. Answer Questions 7 through 9 of the Common Formative Assessment Project 1.

Guided exercise:
Miss W will discuss the 8th grade visit next Tuesday and Wednesday and we will take time to prepare for it by getting work to display.

We will finish discussing the recovery cycle
.
Opinion prompt: Using your Business Cycle worksheet do you believe we are in a Big Recession or a Small Depression? Why? Use the facts from your worksheet to support your opinion.

Understanding economic system prompt: Using your Business Cycle worksheet explain why after 9-11-2001 President Bush encouraged Americans to go out and live their lives and to spend money. "When [the terrorists] struck, they wanted to create an atmosphere of fear," Bush said at a Sept. 27, 2001, speech at O'Hare International Airport in Chicago. "And one of the great goals of this nation's war is to restore public confidence in the airline industry.

"It's to tell the traveling public: Get on board. Do your business around the country. Fly and enjoy America's great destination spots. Get down to Disney World in Florida. Take your families and enjoy life, the way we want it to be enjoyed." Think about the different business cycle activities and decide which ones he was trying to encourage.

A review of factors of production http://www.youtube.com/watch?v=hG9PQHD5ROA&feature=related

A review of inflation http://www.youtube.com/watch?v=-pwincsv4E0&feature=related

Review yesterday's lesson of GDP by watching a clip about What is GDP? http://www.youtube.com/watch?v=yUiU_xRPwMc Macroepisode 20 GDP

Miss W will clarify different types of interest rates.

What is an interest rate? http://www.youtube.com/watch?v=ZTQ6DJYG8JI

What is a discount rate? Recession explained. Inflation explained. . http://www.youtube.com/watch?v=tOXpijd6t6k&feature=related

Independent Exercise:
4. Student may work in groups to complete the Unit 1 Crossword puzzle.
WORK IN PENCIL. Vocabulary crossword answers are found on pages 34 through 47 of the textbook. Yes, you have to read, if you have been skipping the readings.

5. On the bottom of your crossword puzzle put the answers for the questions listed below.
Read pages 38 to 42 and answer questions 1 - 3 on p42
Read pages 44 to 47 and answer questions 1 - 2 on p 47


Homework: Bring in 10.00 Business fee