Hsa Review Day 6 Unit Seven


Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Hsa Review Day 6 Unit Seven

  1. 1. HSA Review: Unit Seven
  2. 2. Community Development <ul><li>* Development: Expanding a local community </li></ul><ul><li>- building more homes, businesses, roads, stores, etc. </li></ul><ul><li>* Discussion Questions: </li></ul><ul><li>(1) Why can development be good ? </li></ul><ul><li>(2) Why can development be bad ? </li></ul>
  3. 3. Development Details <ul><li>* Zoning = deciding land use  Commercial (business), Housing, Parks, stadium, etc. </li></ul><ul><li>- Zoning Boards plan community changes </li></ul><ul><li> Controls Community Growth </li></ul><ul><li>* Infrastructure: Items that support development  Very Expensive to build </li></ul><ul><li>*Infrastructure Examples: </li></ul><ul><li>- Electricity </li></ul><ul><li>- Sewers/Water treatment </li></ul><ul><li>- Roads/sidewalks </li></ul><ul><li>- Telephone/Cable service </li></ul><ul><li>- Schools & hospitals </li></ul>
  4. 4. Sprawl vs. Smart Growth
  5. 5. <ul><li>* Def: Develop new suburbs by wasting open lands </li></ul><ul><li>- Ex. Route 1 in Laurel </li></ul><ul><li>* Characteristics: </li></ul><ul><li>- Wastes Green Space </li></ul><ul><li>- “leapfrog” development </li></ul><ul><li>- lots of cars  Pollution & Traffic </li></ul><ul><li>- separate business strips </li></ul><ul><li>- need expensive Infrastructure items </li></ul><ul><li>* Def: Revitalizing existing cities/suburbs, protects open land from development </li></ul><ul><li>- Ex. Downtown Silver Spring ( the Majestic area ) </li></ul><ul><li>* Characteristics: </li></ul><ul><li>- Preserve Green Space </li></ul><ul><li>- Well-planned development </li></ul><ul><li>- Public transportation dominates </li></ul><ul><li>- businesses coexist with residential units </li></ul><ul><li>- use existing infrastructure </li></ul>Urban Sprawl vs. Smart Growth
  6. 6. HSA Connection… <ul><li>* Explain why members of the Maryland General Assembly might support funding to build a new football stadium in a densely (heavily) populated area rather than in a lightly populated area. </li></ul>
  7. 7. What is Globalization ? <ul><li>* Definition: Countries highly connected  economically, culturally, politically, and socially connected </li></ul><ul><li>- Cause ? modern communication & transportation systems </li></ul><ul><li>* Trend  World is becoming more interdependent (jointly dependent) </li></ul>
  8. 8. International Committee of the Red Cross <ul><li>* What is it? </li></ul><ul><li>- provides humanitarian assistance in wars, health emergencies, natural disasters </li></ul><ul><li>* Controversy: </li></ul><ul><li>- can’t save everyone all the time </li></ul>
  9. 9. United Nations (UN) <ul><li>* What is it ? </li></ul><ul><li>- UN tries to find peaceful solutions to world problems </li></ul><ul><li>* Controversy : </li></ul><ul><li>- countries wary of handing control of their country to the UN </li></ul><ul><li>- worries of losing their autonomy (self rule) </li></ul>
  10. 10. Economic International Organizations <ul><li>World Bank </li></ul><ul><li>* What is it? </li></ul><ul><li>- gives loans, advice, training to developing nations to eliminate poverty </li></ul><ul><li>International Monetary Fund (IMF) </li></ul><ul><li>*What is it? </li></ul><ul><li>- hopes to prevent worldwide money problems by providing loans to developing countries </li></ul>Both Controversial: - developing countries often rack up large debt to pay back loans
  11. 11. HSA Connection… <ul><li>Which of these is an action the International Monetary Fund takes to help developing nations? </li></ul><ul><li>A. stabilizing currencies </li></ul><ul><li>B. supplying medical care </li></ul><ul><li>C. resolving border disputes </li></ul><ul><li>D. Providing medical technology </li></ul>
  12. 12. North Atlantic Treaty Organization (NATO) <ul><li>* What is it? </li></ul><ul><li>- 26 members (North America & Europe) </li></ul><ul><li>- defense alliance —protect and secure each member </li></ul><ul><li>* Controversy : </li></ul><ul><li>- created to defend against the now defunct Communist U.S.S.R.  </li></ul>
  13. 13. North American Free Trade Agreement (NAFTA) <ul><li>* What is it? </li></ul><ul><li>- economic alliance of US, Mexico, Canada </li></ul><ul><li>- creates free trade (little/no tariffs & “red tape”) for members to trade </li></ul><ul><li>* Controversy : </li></ul><ul><li>- many agriculture & manufacturing jobs went to Mexico b/c of lower labor costs </li></ul>
  14. 14. Federal Entitlements <ul><li>* Definition: govt. programs that help the elderly, ill, unemployed </li></ul><ul><li>* Cause for Entitlements: Great Depression (1929-30’s) </li></ul><ul><li>- ¼ of Americans unemployed </li></ul><ul><li>- charities weren’t enough </li></ul><ul><li>- FDR’s “ New Deal ”  created programs to help the needy </li></ul>
  15. 15. Major Entitlement Programs 7 million - Payroll taxes from Federal Govt. Unemployment Insurance  fired worker can collect benefits 51 Million - State & Federal Taxes Medicaid  pays portion of medical care for low-income people 41 Million - Federal Taxes Medicare  pays portion of medical care to elderly 45 million - Payroll taxes from Federal Govt. Social Security  monthly stipend to elderly & disabled People Helped Source of Funding Entitlement Program & Definition
  16. 16. How to Differentiate Medicare from Medicaid ? <ul><li>Medi care : </li></ul><ul><li>The elderly need long-term CARE </li></ul><ul><li>Medic aid : </li></ul><ul><li>The poor need temporary AID </li></ul>
  17. 17. HSA Connection… <ul><li>Which of these has contributed most to the discussion of reforming the social security system? </li></ul><ul><li>A. Americans are not living longer than ever before </li></ul><ul><li>B. The number of retired persons has decreased </li></ul><ul><li>C. Fewer people are paying taxes to support the program </li></ul><ul><li>D. the number of retired persons is increasing rapidly, while the amount of money going into Social Security is not increasing rapidly </li></ul>
  18. 18. The Government’s Goals of the US Economy <ul><li>1. Economic Growth = production increases </li></ul><ul><li>2. Price Stability = prices don’t change radically </li></ul><ul><li>3. Full Employment = everyone has a job </li></ul>
  19. 19. Measuring the Economy <ul><li>* In Sports we have different statistics that tell us how well a player or team is performing. Based upon this data, we as fans are able to judge if a player or team is excelling or struggling. </li></ul><ul><li>* In economics , we have statistics that tell us how well the country’s economy is performing. These statistics include: GDP, CPI, and the Unemployment rate . Based upon these statistics, the government is able to take actions ( fiscal & monetary policy ) to help keep the economy stable. </li></ul>
  20. 20. Measuring the Health of our Economy <ul><li>1. Gross Domestic Product (GDP) = measures the total value of all new goods & services produced in the USA </li></ul>
  21. 21. Measuring the Health of our Economy <ul><li>2. Consumer Price Index = measures how much money people spend on consumer goods </li></ul><ul><li>- Measures inflation (increase in the price of goods) </li></ul>
  22. 22. How Inflation Works? <ul><li>~* On April 23, 2000 , you purchased the following on a $5.80 salary: </li></ul><ul><li>- 1 Movie Ticket $8 </li></ul><ul><li>- VHS Movie $10 </li></ul><ul><li>- Will Smith CD $12 </li></ul><ul><li>~* On April 23, 2009 , you purchase the following on a $5.80 salary : </li></ul><ul><li>- 1 Movie Ticket $10 </li></ul><ul><li>- Blue Ray Movie $16 </li></ul><ul><li>- Kanye West’s Greatest Hits Album (MP3) $15 </li></ul><ul><li>1. Did you have to spend more or less over time to get the same goods? </li></ul><ul><li>2. Did the dollar gain or lose purchasing power over time? </li></ul>
  23. 23. Measuring the Health of our Economy <ul><li>3. Unemployment Rate: measures the percentage of people who want a job, but can’t find one </li></ul>
  24. 24. Comparing & Contrasting Fiscal and Monetary Policy     - Money Supply - Loans & Mortgages - Taxing & Spending - budget Keywords to Help you Remember  ↑ or ↓ Interest Rate ↑ or ↓ Taxes ?Recession? ↑ or ↓ Govt. Spending Tools Used to Execute Policy The Federal Reserve aka “The Fed” President & Congress Who Controls Policy? Govt.’s money supply policies Govt.’s taxing & spending policies Short Definition Monetary Policy Fiscal Policy  
  25. 25. Economic Cause & Effect If the Economy is in a recession Possible Government Remedies: ↑ or ↓ Taxes or ↑ or ↓ Govt. Spending or ↑ or ↓ Interest Rates
  26. 26. HSA Connection… <ul><li>Which of these actions would the Federal Reserve most likely take to end a recession? </li></ul><ul><li>A. Print more currency </li></ul><ul><li>B. Reduce the interest rate </li></ul><ul><li>C. sell government securities </li></ul><ul><li>D. increase the reserve requirement </li></ul>