Status message

Dear LOR user,

Thank you for being a big part of this community. To better support the initiatives around open educational resources in the state of Michigan, all resources on the Michigan Virtual Learning Object Repository (LOR) are being moved to #GoOpen Michigan on September 30th, 2018. During the transition, our LOR will be moved to an archived state, not allowing new user registration or new content to be added. An email with more details was sent to registered users of the LOR in September. To make use of the great resources on the platform, we encourage you to create an account and add your own new resources to the #GoOpen Michigan platform.

Market Structures and Market Failures: The Great Recession

Description: 

This Unit will cover Market Structures and Market Failures: the Great Recession. It will cover:  What happened? Why it happened? What can be done to prevent it in the future?

 

Learning Targets: 
To tell the story of what happen.
Correctly order the causes and effects.
Write a letter or top ten list to future students on ways to prevent.
Link: 
Market Structures and Market Failures: The Great Recession
https://docs.google.com/document/d/1l_gGO2toOD2pTdeV0xXcFcrC2id3XjCyZ66v194o8Q4/edit
AttachmentSize
PDF icon Terry Carpenter - AAPS Unit Planning Document #1 - Google Docs.pdf355.95 KB
Author: 
carpentt
Content Area: 
Social Studies
Economics
Language: 
English
Resource Type: 
Project
Licensing: 
Creative Commons Licence
Grade: 
9-12

Student prerequisite skills and knowledge

Economics Fundamentals, Economic Systems, trade, How Markets work, Demand, Supply, and Equilibrium

 

 

How is the concept or procedure explained or demonstrated?

Student will know...

Summarizing the key content by setting up knowledge and skill goals for the

unit helps designers focus lesson content.

 

Bail out, deregulation, economy, interest rates, predatory lending, housing bubble, federal reserve, default

 

Students will be able to….

Summarizing the key skills goals for the unit helps designers focus lesson content.

 

To tell the story of what happen. Correctly order the causes and effects.  Write a letter or top ten list to future students on ways to prevent.

 

Step 3: Learn the causes and effects  (identify the relationships)

After watching the videos, taking notes, and filling out the worksheet, we will collaboratively create a sample flow chart on the board.  The students will, with a partner, create a presentation (google or prezi), and an “action” (petition or letter), and present it to the class. Then, individually create a short essay to tell the story of what happen, correctly order the causes and effects, and tells  ways to prevent it from happening in the future.

What concepts or procedures are being explained or demonstrated in this lesson object?

E2 The National Economy

2.1 Understanding National Markets

2.2 Role of Government in the United States Economy

What was your experience, both successes and challenges, using this lesson object with your students?

Students struggle to put the many steps of the 2008 financial crisis in order. They also struggle to understand the many elements of global economics involved in neo- liberal globalization and how externalities have such multi-layered effects.