Week 13 was working on GDP and reading Naked Economics by Charles Wheelan. Than on Friday we looked at a Finance Friday on Loans, Grants and Scholarships. Week 14, we finished GDP and GDP Growth and moved onto the remaining macroeconomic indicators (CPI and Unemployment). We looked at some interesting statistics and we learned about the poor. On Friday we were able to have Finance Friday and learned a little about Stocks and Investing.
Suggested Reading: Textbook pgs. 331-344
Week #13 Vocabulary:
- Inflation
- Deflation
- Consumer Price Index (CPI)
- Base Year
- Civilian Labor Force
- Unemployment Rate
- Frictional Unemployment
- Seasonal Unemployment
- Structural Unemployment
- Cyclical Unemployment
- Full Employment
- Underemployment
- Poverty Rate
- Lorenz Curve
This week your blog post/homework is due by Sunday at midnight. Please complete your blog as a new post in the following fashion, labeling it as Week 13 and 14, please include 2 short descriptions of what we learned both weeks. You have until April 28th to do this blog without it being late.
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - You've heard that having a huge national debt is a problem; why do you think it is such a big problem? (Try not to research it here, go with your heart)
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #13 Attachments:
CPI PPT
Unemployment and Poverty PPT