2.2
 ECO 120
Module 2 Part 2
Survey of Economics

 

 

The U.S. and Global Economies

 

 

 

 


Review/Preview of
Learning Objectives

 

Class Activities Checkpoint Summary Your Homework Love for Econ...

 

 

 Review/Preview of   
 Learning Objectives

 


Preview 

Master these learning goals.

 

 2.3   Describe what, how, and for whom goods and services are produced in the global economy.

 

 

 

 Class
 Activities

 

Read your text.  Complete your study guide.

 

 

  2.3  Describe what, how, and for whom goods and services are produced in the global economy.
 

Slides number  22 through 31  deal with Course Objective 2.3
Click The U.S. and Global Economies  - 2004 Slides.

 

 

 

 Checkpoint
 Summary

 

 

Text page  57  summarizes key points about The U.S. and Global Economies.

1.  Macroeconomic performance has three measurable dimensions:
     A.  Standard of Living
     B.  Cost of Living, and
     C.  Economic Fluctuation

2.  The International Monetary Fund classifies 175 national economies in three categories:
     A.  Advanced economies
     B.  Emerging market economies
     C.  Developing economies

3.  Living standards around the world are not uniform.
     Unemployment around the world is not uniformly distributed.
     Business fluctuations around the globe are not uniform.


 

 

 Your
 Homework

 

 

Complete all portions of the textbook and  study guide relating to   Checkpoint 2.3 on The U.S. and Global Economies. 

Take the optional post-study bonus point quizzes on The U.S. and Global Economies on Saturday following Module 2.

Take the optional pre-study bonus point quizzes on The Economic Problem on Sunday preceding Module 3.

Then read and study The Economic Problem course objectives 3.1, 3.2, and 3.3 in your textbook and study guide
before attending
the next class session.

 

 

 

 

 Love for Econ
 Springs Eternal !

Take a virtual internet trip through Patrick Henry Community College economics to visit the following Internet site:

In a new Cato Policy Analysis, economist Richard A. Ippolito argues that without changes, underfunding of private-sector pension plans could lead to a massive taxpayer bailout. To avert an impending crisis, he recommends transforming the Pension Benefit Guaranty Corporation into a private insurance program.

http://www.cato.org/

 

 

The myPHCC link has been developed to help students access on-line resources commonly used by PHCC students and staff.

 

 

 Love for econ springs eternal !