Unit 2: Overview – Government Economic Policy and Budget Cycles Describe fiscal policy and its relationship to the federal budget.

Introduction

This unit the student will be introduced to government economic policy in the United States, including its primary objectives in terms of both fiscal and monetary policy.  The second topic for the unit focuses on budget cycles that are inherent to any public organization at any level of government.

Learning Objectives

At the conclusion of the unit, students will be able to:

1. Describe fiscal policy and its relationship to the federal budget.
2. Describe monetary policy and its relationship to the federal budget
3. Explain how the budget priorities of the federal government have changed over the last 50 years.
4. Explain the purpose and significance of budget cycles.

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Activities

Readings

Lee, Johnson, and Joyce, Chapters 3 and 4

PowerPoint slides for Chapters 3 and 4

Discussion

Initial original post due Thursday 11:59 p.m., CT.  Respond to two or more classmates by Sunday 11:59 p.m., CT.

Lessons Learned

Submit at least two lessons learned from the text by 11:59 p.m., Sunday, CT.

Case Study 1

Respond to the questions at the end of the case study, and post your responses by Sunday 11:59 p.m., CT.

Self-check Quiz

You may take the quiz as many times as you like. The quiz is not included in your grade.