High schoolers identify the main phases of the business cycle and the conditions that are expected during a recession and boom. They discuss the difficulty of economic policy making. They practice solving equations using interest rates.

Students examine and analyze the characteristic problem of each phase of the business cycle. Students articulate the appropriate choices for each of the problems described. Students apply the writing process to write an essay.

Learners develop an understanding of monetary policy. In this monetary policy lesson, students define economic indicators and specify the economic conditions they reflect. Learners explain the three functions of the system and play a...