Friday December 21

Review Concepts:

• Aggregate Supply
• Short Run (SRAS)
• AD/SRAS Equilibrium

Resources:

• Finding AD/SRAS Equilibrium - Complete in class
• Answers to above handout

Short Run Definition – The period of time when costs of production do not change. When producers see prices going up they will increase production. Since costs have not changed, they will secure more of a profit.

Power Point - Short Run Aggregate Supply

Khan Academy Video - Short Run Aggregate Supply
    Don't worry about the long run stuff yet

Homework:

• Read Chapter 15 on Aggregate Supply

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Thursday December 20

New Concepts:

• Aggregate Supply
• Short Run (SRAS)
• AD/SRAS Equilibrium

Resources:

Short Run Definition – The period of time when costs of production do not change. When producers see prices going up they will increase production. Since costs have not changed, they will secure more of a profit.

Power Point - Short Run Aggregate Supply

Khan Academy Video - Short Run Aggregate Supply
    Don't worry about the long run stuff yet

Homework:

• Read Chapter 15 on Aggregate Supply

Wednesday December 19

New Concepts:

• Aggregate Supply
• Short Run (SRAS)
• AD/SRAS Equilibrium

Resources:

Short Run Definition – The period of time when costs of production do not change. When producers see prices going up they will increase production. Since costs have not changed, they will secure more of a profit.

Power Point - Short Run Aggregate Supply

Khan Academy Video - Short Run Aggregate Supply
    Don't worry about the long run stuff yet

Homework:

• Read Chapter 15 on Aggregate Supply
• Due Today
  
  • Student Workpoint 14.3

Tuesday December 18

Review Concepts:

• Aggregate Demand (Components)
• Determinants of AD

Class Activity:

• Aggregate Demand Practice
• Aggregate Demand Practice Answers - Use after you have attempted practice assignment

Resources:
Power Point - Aggregate Demand

Khan Academy Video - Aggregate Demand

Khan Academy Video - Shifts in Aggregate Demand

Homework: Due Wednesday December 19

• Student Workpoint 14.3

Monday December 17

New Concepts:

• Aggregate Demand (Components)
• Determinants of AD
• Diagramming Aggregate Demand

Resources:
Power Point - Aggregate Demand

Khan Academy Video - Aggregate Demand

Khan Academy Video - Shifts in Aggregate Demand

Intro to AD Worksheet

Intro to AD Worksheet - Key

Homework:  Continue Reading Chapter 14


Internal Assessment Info:

Internal Assessment Due Dates:
    IA #1 -  Friday January 11
    IA #2 - Monday February 18
    IA #3 and completed IA portfolio - Monday March 18


Internal Assessment (IA) Resources:

• IA Packet 2018-19

• Internal Assessment Coversheet - Click on this link and type out coversheet

• Internal Assessment Portfolio Coversheet - Click on this link and type out coversheet

Micro Topics	Macro Topics	International Topics
Pricing (Supply, Demand, Elasticities, shortages, surpluses)	Economic Growth and GDP	Protectionist Policies   - Quota   - Subsidy   - Tariff
Externalities	Unemployment	Exchange Rates
Indirect Tax	Inflation
Subsidy	Economic Equity – Lorenz Curve
Price Control	Demand-Side Policy   - Fiscal Policy   - Monetary Policy Supply-Side Policy

Friday December 14

Review:
GDP "Pop" Quiz - Do in class

New Concept:

• Aggregate Demand (Components)
• Determinants of AD

Resources:
Power Point - Aggregate Demand

Khan Academy Video - Aggregate Demand

Khan Academy Video - Shifts in Aggregate Demand


Homework:

• Read Chapter 14, Aggregate Demand - Pages (170-181)

Thursday December 13

New Concepts:

• GDP per Capita
• Real Vs Nominal GDP
• Green GDP
• GDP vs GNP
• Using GDP to measure economic growth (Business Cycle)

Resources:
Khan Academy Video  GDP (Measuring National Income)

Khan Academy Video - Components of GDP

Video - Description of GDP

Video - Real GDP

Khan Academy Video - Real and Nominal GDP

Power Point  GDP (National Income)

GDP Equation (Expenditure Method)  Y = C+I+G+(X-M)

• C-Consumer Spending
• I-Business Investment
• G-Government Spending
• (X-M) Net exports

Homework:

• "Pop" Quiz on GDP - Tomorrow (Friday)

Wednesday December 12

New Concepts:

• GDP per Capita
• Real Vs Nominal GDP
• Green GDP
• GDP vs GNP
• Using GDP to measure economic growth (Business Cycle)

Resources:
Khan Academy Video  GDP (Measuring National Income)

Khan Academy Video - Components of GDP

Video - Description of GDP

Video - Real GDP

Khan Academy Video - Real and Nominal GDP

Power Point  GDP (National Income)

GDP Equation (Expenditure Method)  Y = C+I+G+(X-M)

• C-Consumer Spending
• I-Business Investment
• G-Government Spending
• (X-M) Net exports

Homework:

• "Pop" Quiz on GDP - Friday

Tuesday December 11

Review Concepts:

• Measuring National Income (GDP)
• Circular flow of income
• Methods of Measurement
• Included/not included

Resources:
Khan Academy Video  GDP (Measuring National Income)

Khan Academy Video - Components of GDP

Power Point  GDP (National Income)

GDP Equation (Expenditure Method)  Y = C+I+G+(X-M)

• C-Consumer Spending
• I-Business Investment
• G-Government Spending
• (X-M) Net exports

Classroom Activity:

• GDP Handout  -  Only do first two pages
• GDP Handdout Answers 

Homework:

• None

Monday December 10

New Concepts:

• Introduce Macro Economics
• List the five main economic objectives (goals)
• Describe and illustrate the circular flow of income model of the economy
• Measuring National Income (GDP)
• Circular flow of income
• Methods of Measurement
• Closed (Basic model)
• Open (Includes injections and leakages)

Resources:

GDP Equation (Expenditure Method)  Y = C+I+G+(X-M)

• C-Consumer Spending
• I-Business Investment
• G-Government Spending
• (X-M) Net exports

• Power Point - GDP (National Income)

• Video - Description of GDP

• Khan Academy Video  GDP (Measuring National Income)

• Circular flow model with injections and leakages included

Homework:

• Read Chapter 13 - The level of overall economic activity Pages 155 - 169

Friday December 7 - Begin Macro

New Concepts:

• Introduce Macro Economics
• List the five main economic objectives (goals)
• Describe and illustrate the circular flow of income model of the economy
• Measuring National Income (GDP)
• Circular flow of income
• Methods of Measurement
• Closed (Basic model)
• Open (Includes injections and leakages)

Resources:

• Power Point - GDP (National Income)

• Video - Description of GDP

• Khan Academy Video  GDP (Measuring National Income)

• Circular flow model with injections and leakages included

Homework:

• Read Chapter 13 - The level of overall economic activity Pages 155 - 169

IA Info - December 6

Internal Assessment Info:

Internal Assessment Due Dates:
    IA #1 -  Friday January 11
    IA #2 - Monday February 18
    IA #3 and completed IA portfolio - Monday March 18


Internal Assessment (IA) Resources:

• IA Packet 2018-19

• Internal Assessment Coversheet - Click on this link and type out coversheet

• Internal Assessment Portfolio Coversheet - Click on this link and type out coversheet

Micro Topics	Macro Topics	International Topics
Pricing (Supply, Demand, Elasticities, shortages, surpluses)	Economic Growth and GDP	Protectionist Policies   - Quota   - Subsidy   - Tariff
Externalities	Unemployment	Exchange Rates
Indirect Tax	Inflation
Subsidy	Economic Equity – Lorenz Curve
Price Control	Demand-Side Policy   - Fiscal Policy   - Monetary Policy Supply-Side Policy

Homework For Friday:

• Begin Reading Chapter 13 - The level of overall economic activity Pages 155 - 169

Resources:
Khan Academy Video  GDP (Measuring National Income)

Power Point  GDP (National Income)

Wednesday December 5

Summative Assessment - Micro/Government intervention (Indirect Tax, Subsidy and Price Control)

For Tomorrow (Thursday)

• Internal Assessment Introduction

Homework For Friday:

• Begin Reading Chapter 13 - The level of overall economic activity Pages 155 - 169

Resources:

Khan Academy Video  GDP (Measuring National Income)

Power Point  GDP (National Income)

Tuesday December 4

Summative Assessment - Pricing Mechanism


Homework:

• Summative on Government Intervention - Wednesday 12/5
• Indirect Tax, Subsidy or Price Controls
• Know how to diagram, explain diagram and describe impact on stakeholders

   

Monday December 3

Review Concept

• Government Intervention
• The effect of Price Controls
• Maximum Prices - Price Ceilings
• Minimum Prices - Price Floors
• Subsidies
• Indirect Tax

Resources:

Answers to Homework - Price Controls

Power Point - Price Controls

Khan Academy Video - Minimum Wage and Price Floors

Power Point - Indirect Taxes and their effect on the demand for and supply of a product.

Power Point - Subsidies and their effect on the demand for and supply of a product

Video - "Dollar Menu"  Segment from the documentary video, Food, Inc.This segment speaks of  the link between subsidies and the food we eat.

Video - "A Cornucopia of Choices"  Segment from the documentary video, Food, Inc.  This segment shows how corn subsidies have turned us all into creatures made out of corn

Homework:
Impact of Price Controls on Stakeholders  - Due Today
Summative Assessment - Tuesday and Wednesday Dec 4/5