•  Fiscal Policy

    Taxes and Government Spending

    Fiscal Policy 

    Overarching Question:

     How do fiscal policy and governmental actions effect the performance of the economy?

     

    Previous Unit:

     

    Economic Indicators, GDP, Business Cycle

    Unemployment, Inflation, and Poverty

     

     

    This Unit:

     

     

    Fiscal Policy
    Taxes and Government Spending

    Next Unit:

     

    Monetary Policy

      

     Jackson

     

     fiscal 

    cycle 

      

    Questions to Focus Assessment and Instruction: 

    1. Identify and assess the impact of minimum wage, tax policies, and interest rates have on the market
    2. Explain the role of government in protecting consumers, and how these protections act as incentives or disincentives on consumer behavior
    3. Identify the various forms of revenue generation, and the services provided by local and state government
    4. Identify the role of government in the promotion of economic growth and security
    5. Explain the role incentives have on governmental action, and how governmental incentives impact consumer economic behavior
    6. Compare and contrast the policies the federal government uses to achieve macroeconomic goals
    7. Evaluate the consequences of various policies used to achieve macroeconomic goals of the federal government

    8. Identify the means in which the Federal Government generates revenue, and ways revenue is used for public welfare and social welfare

    Vocabulary:

    public policy
    consumers
    producers
    workers
    savers
    investors
    government
    contracts
    produce
    goods
    services
    local government
    state government
    public service
    market economy
    currency
    property rights
    contracts
    externalities
    macroeconomics goals
    federal government
    stable prices
    unemployment
    economic growth
    tax policies
    spending policies
    market failures
    monetary incentives
    non-monetary incentives
    income
    wealth
    labor

    macroeconomics goals
    federal government
    stable prices
    unemployment
    economic growth
    tax policies
    spending policies
    government generated revenue
    consumptions
    income
    wealth
    public service
    social welfare 

     Lessons:

    National Debt/Deficit

Last Modified on February 14, 2018