Wednesday, January 9, 2019

Wednesday January 9

Pop Quiz - AD/LRAS


New Concepts:
  • Government Intervention to Increase Output (Y)
    • Demand Side Policies - Keynes
      • Increase Output w/o increasing the overall price level
        • Fiscal Policy - Tax/Spend
        • Risk in Keynesian thinking (Deficit Spending-Debt)
Resources:
Power Point - Fiscal Policy

Khan Academy Video - Fiscal and Monetary Policy

Video - Fiscal Policy

Video - Should we use fiscal policy?

Khan Academy Video - Risks of Keynesian Thinking
       Sal talks about how government spending is difficult to unwind


Homework:  Not due until next week

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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