This lesson supports the Inflation, Unemployment, and Stabilization Policies section of the Advanced Placement Macroeconomics course. It introduces government budget deficits and the national debt and analyzes the long-run effects of budget deficits on the economy. This lesson appears as Lesson 3, Unit 5: Inflation, Unemployment, and Stabilization Policies in CEE's [EEL-link id='5227' title='Advanced Placement Macroeconomics (4th Edition).' ]
What are the tradeoffs that policymakers face when steering the federal budget? To answer this question, students will grapple with the complexity of federal budget choices as they play The Fiscal Ship, a game created by the [EEL-link id='5124' title='Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution' ] and the Serious Games Initiative at the [EEL-link id='5131' title='Woodrow Wilson Center.' ]
Where does each party stand when it comes to fiscal management? In this lesson, students will analyze each major political party's platform to better understand their approaches to the federal budget and national debt. Students will be challenged to apply this understanding by playing the [EEL-link id='5114' title='Fiscal Ship' ] game in the role of one of the major party platforms. The Fiscal Ship game was created by the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution and the Serious Games initiative at the Woodrow Wilson Center.
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Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
6 out of 9 lessons from this publication relate to this EconEdLink lesson.
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
3 out of 45 lessons from this publication relate to this EconEdLink lesson.
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.