You will receive a packet to work through these objectives... also linked here. This will take approximately three lessons. If you are finished everything... How good are you at determining fiscal policy... https://fiscalship.org/index.php "The Fiscal Ship challenges you to put the federal budget on a sustainable course. Measured as a share of gross domestic product, the federal debt is higher than at any time since the end of World War II and projected to climb to unprecedented levels. America is looking at a permanent, growing mismatch between revenues and spending, and policymakers are faced with difficult decisions about how to reconcile important government priorities—including retirement and health benefits promised to the growing number of old folks—with the tax revenues that the current tax code will yield. Today’s tax code won’t yield enough revenue to pay for basic services of government plus the retirement and health benefits promised to the growing number of old folks. So your mission is to pick from a menu of tax and spending options to reduce the debt from projected levels over the next 25 years. Small changes to spending and taxes won’t suffice. The choices are difficult, but the goal is achievable. But budget decisions aren’t only about fiscal sustainability. They also shape the kind of country we live in. To win the game, you need to find a combination of policies that match your values and priorities AND set the budget on a sustainable course."
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This is where I post things... each blog entry starts with a bullet pointed list of objectives copied from the IB syllabus. There will also be videos, links to podcasts, presentations, packets, things to download etc. If you are away, always come here first to see what we are working on... you may also be directed to Google Classroom (which we will set up today). I also post relevant things on the HOME page - often things which we are not covering at the present time but which have some relevance to the IB syllabus (including a lot of real life examples.... which are essential to include in IB examinations)... including articles, podcasts, infographics. Recently I've posted the links to Planet Money Summer School... these are each about half an hour long and are great revision for topics you have already done or ones we will be doing this year... an intern at Planet Money also started making TikToks to accompany these podcasts and I've linked one of those as well. Another podcast, The Indicator, is a great one to subscribe to... each episode is only 10 minutes long and a lot have direct relevance to the syllabus.
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |