Students will learn about important labor market statistics that are frequently discussed in the media. An understanding of the unemployment rate and labor force participation rate will be developed through participation in an interactive simulation game.
Is the distribution of income in the United States becoming more unequal? Does the average American today have a higher or lower standard of living than the average American of a generation ago? Will the next generation have a higher or lower standard of living?
Bell Ringer: Ask students how they think the economy is doing right now -- is it "up" or "down"? You can get an idea of where the economy is (i.e., the phase of the business cycle) at http://www.nber.org/cycles.html, the website of the the organization that dates U.S. business cycles. This lesson from [EEL-link id='5227' title='Advanced Placement Macroeconomics (4th Edition)' ], focuses on the study an control of business cycles, which are the heart of macroeconomics. Business cycles are a problem because output fluctuations lead to unemployment and inflation.
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Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
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With lessons combining economics and world history, students discover how people and nations developed as a result of making decisions based on maximizing local resources.
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This revised edition features simulations, role plays, small-group discussions and other active-learning instructional activities to help students explore economic concepts through real-life applications.
3 out of 21 lessons from this publication relate to this EconEdLink lesson.