1. Introduce the topic: Fiscal policy and short-run economic activities.

2. What is "Keynesian Economics"? List the flaws of Keynesian fiscal policy.

• POLITICAL THEORY - John Maynard Keynes
• Japan's Descent into Keynesian Parody | Cato at Liberty Blog
• The Fatal Flaw of Keynesian Stimulus | The Heritage Foundation
• The World War Boom and '46 Bust: Why War Does Not Keep Us Out of Recessions | Mises Wire
• https://youtu.be/VoxDyC7y7PM

3. Discuss how Hayek would approach the economic downturn.How do Keynesian and Hayekian theories differ in their approach to addressing economic crises such as recessions or depressions?

• POLITICAL THEORY - Friedrich Hayek,
• Masters of Money: Friedrich Hayek - BBC News
• Hayek vs. Keyneshttps://www.youtube.com/watch?v=ug0ikJz1tkg
• Why We Need Hayek Today - Foundation for Economic Education

4. Evaluate the economic impact of fiscal policy during the pandemic, 2020 - 2022. Did the government use Keynesian or Hayekian approaches to promote economic recovery?

• Fiscal policy and budget deficits following the pandemic
• Inflation, Quick and Dirty | Mises Institute

5. Which economic theory is more effective in promoting growth and stability in thelong term: Keynesian or Hayekian economics?