Week 3: Macroeconomic Indicators and Government Policy

Day 1: Macroeconomic Indicators - Inflation

Define inflation and its impact on the economy
Explore methods for measuring inflation, including the Consumer Price Index (CPI)
Analyze the effects of inflation on purchasing power and economic decision-making
Discuss the concept of price stability and its importance in the economy

Notes flashcards inflation activity

Day 2: Macroeconomic Indicators - Unemployment

Define unemployment and its types (frictional, structural, cyclical)
Explore methods for measuring unemployment
Analyze the impact of unemployment on individuals and the broader economy
Discuss the relationship between unemployment and economic cycles

Notes flashcards

Day 3: The Federal Reserve and Monetary Policy

Introduce the Federal Reserve System and its role in the U.S. economy
Define monetary policy and its objectives
Explore tools of monetary policy (open market operations, discount rate, reserve requirements)
Analyze how monetary policy influences employment, interest rates, and economic growth

Notes flashcards

Day 4: Fiscal Policy

Define fiscal policy and its objectives
Explore tools of fiscal policy (government spending and taxation)
Compare and contrast fiscal policy with monetary policy
Analyze how fiscal policy can be used to stabilize and grow the economy
Discuss the concept of automatic stabilizers in fiscal policy

Notes flashcards Unit 2 Test Study Guide Unit 2 Review Questions Unit 2 feedback quiz Unit 2 feedback quiz 2 Unit Practice Quiz

Day 5: Government Intervention in the Economy

Explore various ways the government intervenes in the economy
Discuss the differences between market, command, and mixed economies
Analyze government limits on economic activity, including antitrust laws and consumer protection
Evaluate the potential benefits and drawbacks of government regulation in market economies

Notes flashcards

Key Concepts

Inflation and its measurement
Unemployment types and measurement
Federal Reserve System
Monetary Policy
Fiscal Policy
Government regulation in market economies

Learning Objectives

Understand the impact of inflation and unemployment on the economy
Comprehend the role of the Federal Reserve in implementing monetary policy
Compare and contrast monetary and fiscal policies
Analyze how government policies influence economic indicators
Evaluate the effects of government intervention in market economies