Wednesday January 2

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

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