Your to-do list
Please head to Nearpod. I'll post the code so we can resume our work on unemployment and the business cycle.
Criticisms of Unemployment CalculationsThe Business Cycle
Can economists predict when the next wave of unemployment is coming? No, they are unfortunately very bad at that. But they can tell you that it's coming. The Business Cycle shows us that. Let's see how real world actions live on this graph and we know that the cycle will continue.
Measuring Inflation
Inflation is often seen in a negative light. Do we even know what it is or how it is calculated? Let's learn how it's done.
Inflation's Winners and Losers
Let's see who wins and loses when there is unanticipated inflation. Please head to the Unanticipated Inflation: Winners and Losers quiz on Google Classroom. Don't worry; it's not being graded.
Your homework
Unemployment Case Study
Please complete the Unemployment Case Study for our next class. You will find it on Google Classroom.
Want to calculate inflation?
Want to find out how the value of money has changed over time? Was that 5 cent item in 1950 really cheaper than its $1 counterpart in 2021? Please complete the Calculating Inflation assignment for our next class to find out.
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Your to-do list: |
Head to the U.S. Bureau of Labor Statistics website. See if you can find out what the unemployment rate is for the United States. For Maine. For the Portland, Maine area. For another state. Record the information you find at the What's our unemployment question on Google Classroom. |
What is unemployment? It may not be as simple as it may seem. For example, not everyone without a job is unemployed. The mark of a strong economy may not be that everyone is working. In fact, we may be totally fine with some people being unemployed. Grab the Unemployment notes from Google Classroom and head to Nearpod to learn more. |
For homework, let's take a look at Australia's economy. It will give us a glimpse into how GDP is reflected in an economy. Please complete the activity posted on Google Classroom under the GDP Case Study: Australia assignment. You will need to listen to a three-minute news report that is linked there as well. |
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