Ch. #13 Macro objective: Low unemployment

Monday, November 25, 2019 – Wednesday, December 4, 2019

11/23-24 Weekend
Homework:

• Read chapter 13

11/25 Monday
In class:

• AS and equilibrium multiple choice
• Unemployment PPT lecture (1-3, 5-9)

Homework:

• Read chapter 13
• Optional reading from Debt.org U.S. Unemployment

11/26 Tuesday (Period 5)
In class:

• ​Assign for reading only homework questions #1 - #6
  • Click here for mark schemes and examiners reports (for those available) for student review
    • #1
    • #2
    • #3
    • #4
    • #5
    • #6

Homework:​

• Choice

​
​11/27 Wednesday (Period 4)
In class:

• Same as Tuesday

Homework:

• Same as Tuesday

11/28 Thursday
In Class:

• No school

Homework:

• Choice

11/29 Friday
In class:

• No school

Homework:

• Choice

12/2 Monday
In class:

• We will have a Socratic seminar on Thursday and Friday to look into the future of the job market and the connection to (un)employment. We will have three groups of 10 students, each discussing their views and research, two on Thursday and one on Friday. The last 25 minutes of Friday will be used to take a multiple choice assessment on the chapter content. Individually, students will develop their views in order to discuss several of the below elements inside the two LO's in a meaningful, insightful way:
  • LO: Discuss possible economic consequences of employment trends on things such as GDP, tax revenues, increased cost of government intervention, individual incomes, and disparities in the distribution of income.
  • LO: Discuss possible personal and social consequences of employment trends on things such as crime rates, stress levels, mental health, indebtedness, homelessness and family breakdown.
  • Seminar reading suggestions. This is NOT your research, but a beginning point:
    • The future of work employment outlook (OECD 2019)
    • The alarming employment trends that the jobs report won't tell you (CNN 10/19)
    • The economic consequences of automation (Project Syndicate 9/19)
    • Automation and unemployment: Help is on the way (Vox 12/18)
    • Will robots and AI take your job? The economic and political consequences of automation. (Brookings 4/18)
    • Jobs lost, jobs gained: What the future of work will mean for jobs, skills, and wages (McKinsey 11/17)
• Students will turn in a typed bullet list of research points including sources that will clearly indicate the depth of their research and the connectivity to the above LO's. At the end of this list provide a 200 word reflection of your personal view of the future world of work and your ability to adapt.  
• Action for the day: Read provided sources and develop notes to be turned in with additional research from other sources. These notes may take any form, but it is suggested that you keep the seminar points in mind.

                      Specifically, economic, personal and social consequences of the future labor market.
Homework:

• Socratic seminar preparation

12/3 Tuesday (Period 5)
In class:

• Socratic seminar preparation

Homework:

• Socratic seminar preparation

12/4 Wednesday (Period 4)
In class:

• Socratic seminar preparation​

Homework:

• Socratic seminar preparation

12/5 Thursday
In Class:

• Socratic seminar #1 (25m)
• Socratic seminar #2 (25m)

Homework:

• Quiz study guide:
  1. Definition of unemployment
  2. What is the labor force?
  3. What is counted in the labor force?
  4. Measures to boost the labor force?
  5. Criticisms of the unemployment rate statistic 
  6. The relationship of aggragate demand and supply of labor
  7. Consequences of rising unemployment
  8. The nature of the three types of unemployment
  9. The nature of cyclical or demand deficient unemployment
  10. Natural rate of unemployment
  11. Problems measuring unemployment
  12. One question to calculate the unemployment rate to demonstrate you know the concept

12/6 Friday
In class:

• Socratic seminar #3 (25m)
• MC assessment (25m)

Key learning
Graphic organizer​
Learning objectives
Learning objectives answers
Vocabulary
Diagrams

Chapter resources
​Textbooks:
Jason Welker (interactive)
Alternative textbook

Lecture notes:
Macro notes by chapter
​
Video lectures:
Jason Welker (our textbook)
AC/DC
Khan
Crashcourse

PPT lectures:
Jason Welker (our textbook)

Economic writing:
How to structure your essays
Command terms
Glossary

​Diagramming:
Key diagrams
​How to read and interpret graphs
Comprehensive list

Course resources
​​Course overview
Syllabus (Skyline)
IB course guide (official IB syllabus)
LO's by page #
Chapter index
IBO Sub reports
OSPI framework
Module review guides:
  Micro
  Macro
  International
  Development