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Video Presentation

Watch the Video here

Please complete a 3-2-1 sheet:

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Monetary Policy and Interest Rates

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Fiscal Policy

Questions to focus on:

  1. How can the government influence the business cycle?
  2. What are the benefits and drawbacks of using fiscal policy?
  3. Can a democratically elected government be relied on to enact proper fiscal policy?

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Additional Practice and review:

Background readings:

What the numbers say about the performance of the last three governments as fiscal managers


Budget Surpluses and Deficits

Questions to Focus on:

  • The challenge of fiscal policy: when to stop?
  • What is a surplus?
  • What is a budget deficit?
  • What are the principles that guide government fiscal policy?

Additional Practice and Review-Numeracy Activity

Complete “Thinking Like and Economist” page 234

Please read the following:

Fortune Magazine

The Usual Suspects

75 Charts

The Business Cycle

Quiz Chapters 6-7

Questions to focus on:

  1. What is the business cycle?
  2. What is the macro-economist’s role in terms of the business cycle?
  3. What impact do the different stages have on aggregate supply and demand?

Additional Practice and Review:

Read Chapter 10

Review the “Check Your understanding Questions” – you should be able to answer them from your notes

Background Reading:

The charts every Canadian should be watching

Macroeconomics- Quick Introduction and Summary


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Macroeconomics – A Brief History

Questions you should be able to answer:

  • What is the role of government in relation to consumer and producer theory?
  • How has our opinion for the role of government changed over time? Why has it changed?
  • How has the role of government in the economy changed over time in Canada and the world?
  • What challenges does globalization pose for democratic governments?


Competition and Markets

  1. Perfect Competition
  2. Monopolistic Competition
  3. Oligopoly
  4. Monopolies

Additional Practice and Review

Read 152- 157

Download (PDF, 5.01MB)


Everybody Wants to Rule the World

Complete a 3-2-1 sheet for the article and bring to class


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Feel free to email me via D2L as I will be posting lessons on this blog and D2L.