Big
Idea:
What makes an
economist great? What does each one
think we should do in our current economic situation? For this activity, each group will be
filming a mock interview with an assigned economist.
Instructions:
1. Go into the groups on my back wall. Grab your badges.
2. Read the biography of your economic
philosopher as a group and develop a list of 10 literal (who, what, when where,
and why) facts. (write in your notebook)
Group 1:
Hayek
Group 2: Smith
Group 3: Keynes
Group 4: Marx
Group 5: Hayek
Group 6: Smith
Group 7: Keynes
Group 8: Marx
2. Determine what type of economic system
(socialism, capitalism, communism) the economist would favor and why. Support your decision on evidence from the
reading and evidence from a prior notebook assignment. (write in your notebook)
3. Determine how and why if your economist
promotes each economic goal. Support
your opinion with evidence from the reading (write in your notebook)
A.
Economic Efficiency refers to how well scare productive resources are
allocated to produce the goods and services people want and how well inputs are
used in the production process to keep production costs as low as possible.
B.
Economic Equity means what is “fair.” Economic actions and policies have
to be evaluated in terms of what people think is right or wrong. Equity issues
often arise in questions dealing with the distribution of income and wealth.
Some people judge equity based on providing equal opportunity. Others judge on
equality of outcomes.
C.
Economic Freedom refers to such things as the freedom for consumers to
decide how to spend or save their incomes, the freedom of workers to change
jobs and join unions, and the freedom of individuals to establish new
businesses or close old ones.
D.
Economic Growth refers to increasing the production of goods and
services over time. Economic growth is measured by changes in the level of real
gross domestic product (GDP). A target annual growth rate of 3-4% in real GDP
is generally considered to be reasonable and sustainable.
E.
Economic Security refers to protecting consumers, producers, and
resource owners from risks that exist in society. Each society must divide from
which uncertainties individuals can and should be protected, and whether
individuals, employers, or the government should provide or pay for protection.
F.
Economic Stability refers to maintaining stable prices and full
employment and keeping economic growth reasonably smooth and steady. Price
stability means avoiding inflation or deflation. Full employment occurs when an
economy’s scarce resources, especially labor, are full utilized.
4. Make a
script and plan for interviewing your economist (reporter writes it in their
notebook). In addition to this, plan
what you will bring for the next day to do the interview with the iPad.
5. The
purpose of the interview for the audience to learn what you know about your
economist. The interview should be:
·
Minimum: 3 minutes
·
Maximum: 10 minutes
·
Be
filmed on the iPad in a mock interview TV show format
·
Meet
specific content expectations learned above
·
There
should be an introduction, body and conclusion to this interview. One person in the group plays the host while
somebody else plays the economist.
You are not filming today.
Next class, you will have the iPads. When is next class? (Tuesday/Wednesday rotation).
Roles:
·
Facilitator:
Lead discussion on your economist, checks for understanding, and is the
producer in making the mock interview
·
Harmonizer: Everybody should be involved and get
consensus on decisions made in making the mock interview
·
Resource
Manager: Make sure the group is discussing
the evidence (facts and examples) and review with the mock interview as the
editor
·
Reporter: Writes plan in his or her notebook and is the
director is making the mock interview.
Rule of Three for Preparation:
• Played the roles
• Documented expected work in the notebooks
• Prepared plan for the mock interview
Rule of
Three for Mock Interview:
• Played roles
• Met the time requirement
• Met the content expectations
Questions: Email me.
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