Macro Economics Test is NEXT class; Thursday, 12 May.
The ONLY day to make up for missing the test will be Tutorial, Wednesday 18 May. Do not miss the test, even for saving babies, falling from the mouth of dragons burning down the city.
Key to demonstrating your understanding of this unit will include understanding how various elements of the national economy interact.
What factors influence sustained growth? How can economic growth be sustained? What can cause an economic "bubble"? What can cause an economy to decline?
The components of the system we studied include:
Wages; Jobs; Inflation and Money Supply; Taxes. We discussed the role of the Federal Reserve and used the measure of GDP. We discussed beneficial and harmful reinforcing cycles. We discussed the role of supply and demand in Macro Economics.
During class today we will review the conflicting opinion pieces on taxation. We will focus on the questions: Who should pay? How much? We discussed equity and equality.
We will also discuss the following graph:
No comments:
Post a Comment