TODAY: Roses and Thorns, Business Cycle Quiz, Sample Class Voicethreads, Hayek Vs. Keynes Round 2, If Time "Deck The Halls With Macro Follies"

Fight of the Century: Keynes vs. Hayek Round Two

Same Beliefs, New mustaches.

 Deck the Halls with Macro Follies

Today: Roses and Thorns, Organize completion of VoiceThread Projects, Check Homework, ADVANCED LESSON 23; THE BUSINESS CYCLE study guide Q&A.


MAKE A PLAN TO ACCOMPLISH THE FOLLOWING BY NEXT CLASS PERIOD. Use the following list to coordinate your efforts in order that your voicethreads are ready to play on Friday.

Also write a list of question you have for Mr. Lamson that will enable you to complete this project.


1. Tech leads send all group members a link to your group voicethread.
2. Tech lead copies link to voicethread into Doc on December 9th blog post.
3. Make sure publishing options are set to allow anyone to view and comment, Moderate comments off.

4. Group members send images to tech lead. The tech lead then uploads images into the voicethread.
5. All members can now narrate their own slides.



Each table group will be assigned one study guide question 2-5. You are to put your heads, and answers, together and in 5 minutes be ready to present to the class. Mr Lamson will pass back tests and other old assessments during this time. Think about where the topic of your question is addressed in the song.

Play boom and bust video below now. Spend 5 minutes getting ready to report out to the class after watching the video.

Show Video


Ask students to Report out and discuss central topics.

Capital Structure Presentation if time. Focus on capital structure and how it changes with increased savings.

How does the topic of the video below

<

REMINDER ALL TO COMPLETE VOICETHREADS BEFORE FRIDAY!

TODAY: Broken Windows in the two business cycle theories, VoiceThread Intro and research information, To the Computer Lab for research and development.

1.Sit together as a research group.
2. Everyone get a Voicethread Account
3. Tech lead create a Voicethread and email the link to all others in your group.
4. Everyone research topic(s) and send the images you are going to use to your tech lead.
5. Continue to research. Look to the context of your lines and work with other group members to construct meaning.
6. Keep in mind the order in which your images will appear. You will need to work together as a group to finalize the order. (This will probably be done on Monday)


 SEEDS OF DESTRUCTION, INFLATION, INCENTIVES PERVERSE, bailouts, payoffs,pols, machinations

TODAY: Roses and Thorns, Quick Write, Chapter 11 presentation, Assign those absent Monday to groups, VoiceThread Tutorials, Sample VoiceThread, research time
Quick Write: In what ways are investments by businesses and spending by government similar? how are they different?
One Minute Tutorial

Intro: Keynes and Hayek


Use THIS LINK if the above embedded widget does not work PLEASE USE THE RUBRIC FROM THE PREVIOUS POST TO "Grade" this video. Use a mobile device from someone in your group to make a comment that is an assessments of this voicethread based on the rubric. Include all your names, use first names and last initials.

TODAY: Roses and Thorns, Get into groups, Intro to presentations (Due Monday, 12/16), Homework and research.


 HOMEWORK: Follow the directions for the two "Objectives" on pages 315, 329, 337 of Contemporary Economics. (Due next class)

HOMEWORK: Complete directions for "KEYNESIAN AND AUSTRIAN THEORIES OF THE BUSINESS CYCLE" Due (3rd Per. Thurs. 12/12)(5th, 7th, & 8th Per. 12/13)

HOMEWORK: Answer study questions for "ADVANCED LESSON 23 The Business Cycle" (Due Monday, 12/16)

 Visual Presentation: Your group is assigned 2 or 3 verses of "Fear the Boom and Bust". It is your job to create a visual presentation that provides an explanation of the concepts in your assigned verses.(Mr. La Greide will cover lines 3 - 8, providing important background on Hayek and Keynes and example presentation).

Requirements:    
     1. You will use VoiceThread to create your presentation presentation.
     2. Must be Between 4 and 6 minutes in length.
     3. Each person in the group must provide at least 2 relevant visuals. (  Mr. La Greide will provide video        clip of your verses)
     4. You will post a link to your VoiceThread in the appropriate spot on the BOOM BUST ANALYSIS              DOC  for your class period. (SEE BELOW)
     5. I will be using the following RUBRIC to score your presentation.


Period 3 BOOM BUST ANALYSIS  DOC
Period 5 BOOM BUST ANALYSIS  DOC
Period 7 BOOM BUST ANALYSIS  DOC
Period 8 BOOM BUST ANALYSIS  DOC

TODAY: Roses and Thorns, Money, Banking, and Interest Test, "Fear the Boom and Bust" preview.


There will be test before Christmas on "The Business Cycle". You be required to answer 3 analytic question interpreting portions of the above video. You can find a link to a web site HERE that has the lyrics and links with explanation of most of the important concepts.

TODAY:Roses and Thorns, Quick Write, Mechanics of Inflation

Quick Write: What would you do if you had a crystal ball and could tell there was going to be 100% inflation annually  during the next 12 months?

TODAY:Roses and Thorns, Not so Quick Write, The Mirage of Inflation 


#2 Does having more money mean you are wealthier?

REMEMBER: In this lies almost the whole difference between good economics and bad. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the  effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups. -Henry Hazlitt

Not so Quick Write: Describe how inflation is an example of the broken window fallacy. 

Include the following
1. Why do people believe in this fallacy (The Mirage of Inflation )?
2. What are some of the longer and indirect consequences?
3. Who are the potential "Forgotten Men"?