The Business Cycle

STUDENT: Karly Beavers

GRADE / SUBJECT: 12
th
ra!e / Ec"n"#ics
SC$%%&: Tarrant $ih Sch""l
SU'ER()S)NG TEAC$ER: *r+ B",,a
DATE: *arch -./ 2.12
EST)*ATED &ESS%N T)*E: 0. #inutes
The Business Cycle
Main Idea: The ,usiness cycle a11ects every as2ect "1 the ec"n"#y+ The !ecisi"ns "1
2r"!ucers an! c"nsu#ers reatly i#2act an!/ t" a certain e3tent/ !rive the ,usiness
cycle+
Bellringer: 4"u have 5ust inherite! 61./... 1r"# y"ur 7ealthy uncle+ )t has al7ays
,een y"ur !rea# t" "2en y"ur "7n c"#2any+ 8ithin y"ur r"u2s/ !eter#ine the na#e
"1 y"ur c"#2any an! 7hat 2r"!uct y"u 7ant t" sell+
Before: Gr"u2 !iscussi"n
During: Business cycle si#ulati"n
After: )!enti1icati"n
Lesson Objectives:
9 Stu!ents 7ill ,e a,le t" i!enti1y the 1"ur staes "1 the ,usiness cycle an! the
acti"ns "1 ,"th 2r"!ucers an! c"nsu#ers !urin each stae+
9 Stu!ents 7ill ,e a,le t" e32lain h"7 e#2l"y#ent an! 7aes are a11ecte! ,y the
,usiness cycle+
9 Stu!ents 7ill ,e a,le t" i!enti1y the 1"ur #ain ec"n"#ic varia,les that a11ect the
,usiness cycle+
State Standards:
S+S+ 12+ : Descri,e #eth"!s use! t" #easure "verall ec"n"#ic activity/
inclu!in the Gr"ss D"#estic 'r"!uct ;GD'</ the C"nsu#er 'rice )n!e3
;C')</ in1lati"n/ an! une#2l"y#ent+
9 E32lainin h"7 "verall levels "1 inc"#e/ e#2l"y#ent/ an! 2rices are
!eter#ine! ,y s2en!in !ecisi"ns "1 h"useh"l!s/ ,usinesses/ an!
"vern#ent
9 Descri,in staes "1 the ,usiness cycle an! h"7 e#2l"y#ent an!
in1lati"n chane !urin th"se staes

Before Activity:
Gr"u2s "1 stu!ents 7ill ,e iven three #inutes t" !eci!e 7hat 2r"!uct they 7ant t" sell
an! !eter#ine a na#e 1"r their c"#2any+ They 7ill then share this 7ith the class 7hile
the teacher rec"r!s the c"#2any na#es an! 2r"!ucts "n the ,"ar!+ Stu!ents 7ill
enae in a classr""# !iscussi"n a,"ut the ,usiness cycle/ ans7erin =uesti"ns 2"se!
,y the teacher such as/ >8hat are the 1"ur staes?@ etc+
During Activity:
Each r"u2 7ill receive 61./... in 1aAe #"ney+ The teacher 7ill " "ver the ne7
#aterial inclu!e! in the '"7er'"int/ e32lainin an! 2r"vi!in e3a#2les "1 invest#ent/
interest rates/ c"nsu#er e32ectati"ns/ an! e3ternal sh"cAs+ They 7ill then taAe 2art in
the ,usiness cycle si#ulati"n/ 7hich is 2art "1 the '"7er'"int 2resentati"n ;see
attache! 1ile<+ A1ter each >#"ve/@ stu!ents 7ill e32lain their !ecisi"n/ 7hat is "in "n in
their c"#2any/ i!enti1y 7hat stae "1 the ,usiness cycle they are currently e32eriencin/
2re!ict 7hat #ay ha22en ne3t/ an! e32lain 7hat is ha22enin 7ith GD'/ e#2l"y#ent/
etc+
After Activity:
8"rAsheet ;attache!< an! !iscussi"n