About This Chapter
Below is a sample breakdown of the Fiscal Policy in Government and the Economy chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday||Market vs. state-controlled economies|
|Definition of market-controlled and state-controlled economies, pros and cons of each system;|
Definition, processes and examples of government regulatory policies in the U.S.
|Tuesday|| How the U.S. government protects the economy|
The business cycle
|Policies implemented by the government to maintain economic stability;|
Definition of the business cycle and what it means for economic growth
|Wednesday||How the government promotes economic interests|
|What the U.S. government does to prop up agriculture, labor and business;|
Definition of fiscal policy and how the government utilizes it
|Thursday||Monetary policy and the Federal Reserve||Definition of monetary policy and the Federal Reserve|
|Friday||How the government uses taxes and subsidies||Overview of how the government incorporates taxes and subsidies into its economic policies|
1. Market vs. State-Controlled Economies
This lesson will highlight the differences between a market and a command economy. In doing so, it will explain communism, as well as the concept of a mixed market economy.
2. Regulatory Policy: Definition, Processes & Examples
The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.
3. How the Government Protects the U.S. Economy
The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.
4. The Business Cycle: Economic Performance Over Time
Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.
5. How the Government Promotes Economic Interests
The following lesson will cover how the government promotes its economic interests through businesses, labor, and agriculture. There will be a short quiz following the lesson to check your understanding.
6. What is Fiscal Policy?
The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.
7. Monetary Policy & The Federal Reserve System
This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.
8. How the Government Uses Taxes & Subsidies
This lesson will explain how the government uses tax revenue. It will also discuss the purpose of subsidies, as well as public services and infrastructure.
9. A History of U.S. Foreign Policy from the Cold War to post-9/11
The collapse of the Soviet Union and the 2001 terrorist attacks against the United States have caused fundamental changes to U.S. foreign policy. In this lesson, you'll be provided a brief overview of U.S. foreign policy during and after the Cold War.
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