Chapter 10 Unit 3 Objective(s)
Mon day: Focus:
1.2 Interconnected
2.1 historical data
2.2 American financial structure
2.4 – concepts and economists
3.2 world demographics
3.3 alternative policies of land usage
4.1 economic roles of citizens in democratic society
4.2 Consequences of governmental policies.
5.1 historical events
6.1 personal and fiscal
6.2 socioeconomic status contribution
6.3 Technological effect.
1. Evaluate the ways the government currently raises revenue and proposed reforms.
2. Compare discretionary and mandatory spending, and categorize spending, categorize spending items into each.
3. Describe the organizations and role of financial markets and consider their influence on American society.
4. Differentiate between the methods of measuring economic performance and assess how accurate the methods are at measuring the health of the economy.
Monday. Impact of Government spending, affecting resource allocation (subsidies, distributing income, competition with the private sector.
Tuesday:
Federal State and Local government expenditures.
Federal Budget, Social Security, National Defense, Medicare, Medicaid, health, net interest on debt, other expenditures. Budget process amendment p. 271
Wednesday:
Deficits, Surpluses, and the National debt.
Predicting the deficit, how deficits add to debt, public and private sector debt.
Thursday:
Chapter 16 Foreign Exchange and the Trade Deficit. Section 1 and 2
Friday:
Review material presented iM-Th.
