Friday, January 4, 2019

Friday January 4

New Concepts:
  • Aggregate Supply
    • Long Run - Classical Approach
    • AD-LRAS Equlibrium
      • Inflationary/Deflationary Gaps
Resources:

Power Point - Long Run Aggregate Supply - Classical

Khan Academy Video - Long Run Aggregate Supply - Classical

Video - Aggregate Supply and Demand

Power Point - Long Run Equilibrium - Classical

Homework:

  • Read Chapter 15 - Aggregate Supply
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:


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

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