Quiz 1 of 0
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The model
Fresh-up Economics
Erasmus+ Strategic Partnership
2019-2021
Overview
The activity is designed for students to internalise the differences between the two models regarding the type of intervention they suggest. It is accompanied by a follow-up activity to continue at home or in the next class.
Aims
- To stimulate thinking about the theoretical concepts explained
- To explore the main mechanisms of the fiscal and monetary policies
- To provide some basic facts about the Neoclassical and Keynesian Model
Materials and time
No materials are needed. Time is adjustable from 30 minutes to an hour.
Group size
10 minimum
Instructions for trainers
- Break up the class into small groups.
- The teacher reads out the questions for each round (see Quiz Questions below) – there are 3 rounds with 3 questions in each round.
- According to the level of understanding of the audience, the teacher could decide to proceed with the activity as a quiz or to share the answers in cards that students should pick to ‘fill in the blanks’ of each question. See below the answers in the two different formats.
- After each round, the teacher gives the answers to the questions and encourages discussion. In total, this part of the activity should take between 20 to 30 minutes.
- The activity could be complemented with the follow-up segment described above to fill one hour of activity.
