Today you will work first on your own, then in small groups to garner the Macro-Economic knowlege you need
Class begins with students reading Robber Barron Recessions by Paul Krugman. Students will mark up their copy of this Progressive Op-Ed Piece in order to identify what they need to learn in order to more fully understand the argument.
In groups of about four students will discuss their understandings and questions; then groups will share out their understandings and questions.
Next the class will watch several short video lectures to learn some of the information that they seek. The class will pause and share key "take-a-ways" of each lecture segment.
The first three lectures can be found at this page of the Khan Academy Website.
1) Circular flow of Income and Expenditures (9 minutes)
2)Parsing Gross Domestic Product (12 minutes)
3) More on Final and Intermediate GDP Contributions (3 minutes)
4) The next lecture, from Crash Course in Economics, does a good job of making a key question related to Krugman's article more obvious. Productivity and Growth: Crash Course Economics #6 CrashCourse (9 minutes)
5) Finally back to a Khan academy lecture "Investment and Consumption" (8 minutes)
After viewing and reviewing each of the lectures as a class, each group should work to develop their own understanding of Krugman's argument. Is he a liberal hack, or does his argument make sense?
A more conservative view of the Verizon Strike can be found in The Wall Street Journal.
Students may be interested in the table listing GDP Per Capita for the nations of the world. Students who finish their summary and analysis of the Krugman piece early should use their phones to access the above information and think about their implications for global citizenship.
Class begins with students reading Robber Barron Recessions by Paul Krugman. Students will mark up their copy of this Progressive Op-Ed Piece in order to identify what they need to learn in order to more fully understand the argument.
In groups of about four students will discuss their understandings and questions; then groups will share out their understandings and questions.
Next the class will watch several short video lectures to learn some of the information that they seek. The class will pause and share key "take-a-ways" of each lecture segment.
The first three lectures can be found at this page of the Khan Academy Website.
1) Circular flow of Income and Expenditures (9 minutes)
2)Parsing Gross Domestic Product (12 minutes)
3) More on Final and Intermediate GDP Contributions (3 minutes)
4) The next lecture, from Crash Course in Economics, does a good job of making a key question related to Krugman's article more obvious. Productivity and Growth: Crash Course Economics #6 CrashCourse (9 minutes)
5) Finally back to a Khan academy lecture "Investment and Consumption" (8 minutes)
After viewing and reviewing each of the lectures as a class, each group should work to develop their own understanding of Krugman's argument. Is he a liberal hack, or does his argument make sense?
A more conservative view of the Verizon Strike can be found in The Wall Street Journal.
Students may be interested in the table listing GDP Per Capita for the nations of the world. Students who finish their summary and analysis of the Krugman piece early should use their phones to access the above information and think about their implications for global citizenship.
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