Teaching the theories behind free-market economics and mixed economics can be tough. We're here to help you teach it. This engaging and comprehensive bundle has every tool you need to put together a complete lesson that gets the job done!
This "Classical vs. Keynesian Theories" bundle includes:
1) A customizable lecture that you can adjust to meet your needs and the needs of
your students. This bundle includes a version of this lecture in Keynote (Mac),
Powerpoint (PC), and PDF format for users of every operating system.
*****Depending on the version of the presentation software that you use to present in your classroom, fonts and sizes in our lecture presentations may need adjustment. To make it easier for you to create a lecture that engages your students and looks like the PDF file included in this bundle, we offer downloadable font bundles in our store for FREE!
At absolutely no cost to you, you can get your hands on the fonts that we use in our lectures so that you can customize your presentations. Download the Free Font Bundle, install the fonts onto your computer, and customize your lecture in the way that works of you. Adjust sizes, fonts, images, and content to meet your needs and the needs of your students!*******
2) A "Classical vs. Keynesian Theories" Activity. It begins with a colorful graphic organizer that asks your students to define Smith's theory of "flexible" wages and prices and to explain how Smith believes the market itself corrects the issues of recession and inflation. Next, students define Keynes's theory of "sticky" wages and prices and explain how Keynes believes the government must intervene to correct economic contraction. Students will then use a labeled aggregate supply curve to identify the three ranges of the Keynesian aggregate supply curve, and identify when certain conditions exist in the economy. Finally, students will use a series of Keynesian model graphs provided to determine how changes in the aggregate economy will affect prices and Real GDP output, and then elaborate on what classical and Keynesian economists predict will happen next.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
3) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Aggregate Supply and Demand Unit Activity Bundle
Best of all, this activity aligns to our "Unit 2.6 - Classical vs. Keynesian Theories" video lecture, which can be found here:
Unit 2.6 - Classical v. Keynesian Theories
For more of our video lectures, check out our "You/Will/Love Economics" YouTube channel and subscribe for upcoming videos:
You Will Love Economics on YouTube
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