Lesson on Tuesday, April 17, 2018

COMPLETE MOCK EXAM 1

Aim: What are the major areas of government outlays and the role of incremental budgeting and uncontrollable spending on the growth of government spending?

Bell Ringer: Complete Mock Exam 1

Objectives:

17.4 Identify the major areas of government outlays and explain the role of incremental budgeting and uncontrollable spending on the growth of government spending. 

17.5 Identify the origins of the income tax, trace the influence of government spending and taxing policies on inequality, and examine these policies from the majoritarian and pluralist perspectives. 


Agenda:

1. Review Mock Exam 1 / Assign enrichment chapters

Review journals 115-117

2. Journal 115 - Since WWII, how has federal spending changed concerning payments to individuals and costs of national defense? (17.4)

"The effect of WWII is clear: spending for national defense rose sharply after 1940, peaked at about 90 percent of the budget in 1945, and fell to about 30 percent in peacetime." pages 504-505

*Analyze Figure 17.2, 17.3 and "Compared with What? on pages 504-506

"Americans have grown accustomed to certain government benefits, but they do not liek the idea of raising taxes to pay for them." page 507

3. Journal 116 - What is the legal basis of the federal income tax? (17.5)

*The 16th Amendment

*Figure 17.4

4. Journal 117 - What might happen if national tax policy were determined according to principles of majoritarian democracy and not pluralist democracy? (17.5)

*We will have Chapter 17 Vocabulary Quiz on Wednesday. I want to get the Mock Exam out of the way first. 

*You are going to have a separate mini-quiz on Thursday to review Chapter 7. 

Terms to know: efficient market hypothesis, economic depression, inflation, stagflation, business cycle, aggregate demand, productive capacity, gross domestic product (GDP), Keynesian theory, fiscal policies, monetary policies, deficit financing, Federal Reserve System, supply-side economics, fiscal year, budget authority, budget outlays, receipts, national debt, Office of Management and Budget (OMB), tax committees, mandatory spending, discretionary spending, entitlements, progressive taxation, incremental budgeting, earmark, discretionary outlays, mandatory outlays, transfer payment.

Home Learning: 

1. Read 18.1 and 18.2

2. Journal 118 - What are the four main stages of the policy making process? (18.1)

3. Journal 119 - Identify and explain at least two public policy tools used to achieve objectives.(18.1)

4. Journal 120 - What are issue networks? Do they reflect the pluralist or majoritarian model of democracy? (18.1)

5. Journals 101-120 graded tomorrow.