Worksheets

Stagflation is the worst phase of an economy; Despite rising unemployment rates, economic growth declines instead of reducing inflation. 

Central banks face significant challenges in monetary policy during this period due to sticky inflation, leaving little room for expansionary monetary or fiscal policies.

At the same time, stimulative and supportive policies must be implemented to revive the economy.

1. Find the cover page rubric / requirements.

2. Download the page.

3. Print the page.

4. Draft and later on draw your own cover page design

Compelet

economic activity

Economic Activities

Completion of a graphic organizer

Economic problems

Select the correct answer and put it in the box.

Complete the worksheet

School Subjects May Soon Be a Thing of the Past in Finland

Despite having one of the best education systems in the world, Finland is introducing some extraordinary changes to classrooms around the country.

Under the new National Curriculum Framework, which came into effect in August 2016, schools must provide one phenomenon based learning (PBL) project per year.

Rather than focusing on a subject, phenomenon based learning focuses on a topic which students explore from multiple perspectives. A topic like climate change, for instance, could be studied form of the perspective of science, economics, environmental studies, and politics.

The aim of PBL is to highlight the connections between subjects, and to show how subjects relate to real world issues.

Kirsti Lonka, a professor of educational psychology at Helsinki University believes that PBL encourages critical thinking. Where traditional education teaches students what to think, PBL teaches students how to think – a skill which Lonka says is essential in the 21st century.

The idea of phenomenon based learning, however, is not without its critics.

Physics teacher Jussi Tanhuanpaa worries that students will not learn enough about individual subjects to be able to study them at a higher level. He also fears that while PBL may benefit brighter students, those who need guidance will struggle.

Some academics are concerned that there is little evidence showing the effectiveness of PBL.

Anneli Rautiainen of Finland's national agency for education recognizes these concerns and says that PBL is being introduced slowly. Education is highly decentralized in Finland, which gives educators in each municipality the freedom to arrange curriculums as they see fit.

Finland’s education system is already unique in many ways. Children start formal schooling at age 7, the school day is only around 5 hours long, class sizes are small, students are rarely assigned homework, and all teachers must have a master’s degree.

LONG QUIZ FOR ECONOMICS 8

A paragraph about economic sector with blanks.

Idioms: 

• give the boot
• a lame duck
• feeling the pinch
• in the red
• hit rock bottom
• in the black
• playing with fire
• step into his shoes
• a firm hand
• pay dividends
• After months of poor performance, the company decided to __________ the CEO and look for a replacement.
• Ever since the elections, the outgoing president has been seen as __________, with very little influence.
• Due to the economic downturn, many families are __________ and struggling to make ends meet.
• The business was struggling for years, constantly __________, unable to turn a profit.
• When he lost his job and his savings, he truly __________ and didn’t know where to turn.
• After years of hard work, the company finally got __________ and started making a profit.
• Be careful with your investments; you’re __________ by putting all your money in high-risk stocks.
• When the manager resigned, it was difficult for anyone to __________ and maintain the same level of leadership.
• The new leader ruled the team with __________, ensuring discipline and focus at all times.
• Consistently investing in employee training will surely __________ in the long run, improving performance and morale.

The video game Fortnite is more popular than, movies and streaming videos among young people. This is according to the video streaming service Netflix. Gaming is becoming more and more popular with young people worldwide. TV viewing is becoming less popular. Netflix said Fortnite was now more of a competitor than HBO - another popular streaming company. Fortnite is much more popular with young men. A study from the American Economic Association found that between 2015 and 2017, men aged between 21 and 30 spent more time on gaming. Their playing rose from 2.3 hours a day to 4 hours, while time spent on watching TV, movies or streaming fell.

Netflix said it must do more to compete with Fortnite. It said the video game was a big challenge in "the global war for Internet users' attention". Netflix said: "We compete with, and lose to, Fortnite....There are thousands of competitors in this market [trying] to entertain consumers." Fortnite is owned by the company Epic Games. It has over 200 million registered users. More than 80 million people log in to play the game each month. Fortnite is so popular because the game's competitive version is free to play. However, other parts of the game helped Epic Games to make $3 billion in profit last year. Epic has plans to build its own app and game store that will be cheaper than Apple's and Google's.

CHOOSE THE CORRECT ANSWER AND FILLUPS

STUDENTS THINK FAKE NEWS IS FACT AND ARE USING IT IN THEIR SCHOOLWORK, SAY TEACHERS

Teachers are frustrated that students can’t accept that some stories on social networks are false, while experts suggest that students need better education about online dangers. Students believe that fake news is a fact, and are repeating it in lessons and using it in written work, teachers have warned. More than a third of teachers say their students have used false information that they found online, according to a survey by a teacher’s union.

The union’s general secretary Chris Keates said that the information was "worrying" and it showed that internet companies have a lot of power to influence people’s opinions, especially young people. International education experts are becoming more worried about the situation and say that teachers will need to teach children how to spot fake news. Others were frustrated that students didn’t believe that news they had seen on Facebook and other social media sites was not true, even when the problem was explained to them. One teacher said that students often thought that fake news sites were real, and also that anything that President Donald Trump said was a fact. Last week, German officials said they would give fines of up to 50 million euro to social networks if they didn’t take down illegal fake news posts. The new law would give social networks 24 hours to delete or block the content and seven days to concentrate on more complicated cases. Commenting on the results of the survey, Ms. Keates said that she was worried about the trend, particularly because many young people have never known a world without internet, and are less able to judge whether information that they read online is real or fake. She added that: "It is important for children and young people to be made aware that not everything they see and read online is real."

She said that teachers are trying to help educate students about using false information, but added that it was important for internet providers and websites to take responsibility for any material that is available, and also to deal with people who misuse their services. Last month, Andreas Schleicher, the director of education and skills at OECD (The Organization of Economic co-operation and Development) said that in the modern age, being able to tell the difference between what is real and what is fake is a critical skill. He added that: "This is something that we believe schools can do something about."

Adapted from the Independent by Rachel Pells, April 12th, 2017