Thursday February 28

Summative Assessment Today - Macro Concepts

Homework:
Chapter 21 - Why Do Countries Trade?

Wednesday February 27

Summative Assessment on Macro - Wednesday February 14 

• Study Guide - Macro 
• Diagrams to know for assessment (Draw, label, identify)
• Circular Flow Model with leakages and injections
• Classical Model
• Long and short run AS
• Keynesian Model
• Know difference with Keynes compared to clasical
• Business Cycle
• Demand-Pull and Cost Push Inflation
• Lorenz Curve

Review Concepts:

• Types of Taxation
• Progressive Tax
• Regressive Tax
• Proportional Tax
• How Government Distributes tax dollars to gain more equity
• Arguments For/Against taxing for equity

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive

     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:
Internal Assessment (IA) Resources:  IA-International Due Friday 3/22

Tuesday February 26

Summative Assessment on Macro - Thursday February 28 

• Study Guide - Macro 

New Concepts:

• Types of Taxation
• Progressive Tax
• Regressive Tax
• Proportional Tax
• How Government Distributes tax dollars to gain more equity
• Arguments For/Against taxing for equity

In-Class Activity
Progressive Tax Worksheet

Progressive Tax Worksheet Key


Resources:

Power Point - Income Inequality

Lorenz Curve Interactive

     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:
None

Monday February 25

Summative Assessment on Macro - Thursday February 28 

• Study Guide - Macro 

New Concepts:

• Types of Taxation
• Progressive Tax
• Regressive Tax
• Proportional Tax
• How Government Distributes tax dollars to gain more equity
• Arguments For/Against taxing for equity

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive

     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:
None

Friday February 22

Macro Summative - Thursday February 28

• Study Guide - Macro 

New Concepts:

• Distribution of Income
• Poverty
• Lorenz Curve
• Gini Coefficient

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive
     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:  Due Friday February 22

Lorenz Curve Worksheet

Thursday February 21

Macro Summative - Thursday February 28

• Study Guide - Macro 

New Concepts:

• Distribution of Income
• Poverty
• Lorenz Curve
• Gini Coefficient

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive
     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:  Due Friday February 22

Lorenz Curve Worksheet

Tuesday February 19

New Concepts:

• Distribution of Income
• Poverty
• Lorenz Curve
• Gini Coefficient

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive
     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:

Read Chapter 20 in book

Monday February 18

Pop Quiz - Inflation


New Concepts:

• Distribution of Income
• Poverty
• Lorenz Curve
• Gini Coefficient

Resources:

Power Point - Income Inequality

Lorenz Curve Interactive
     Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve

Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient

Homework:

Read Chapter 20 in book

Friday February 15

New Concepts:

• Inflation
• Who is help or hurt by inflation?

Class Activity:

Effects of Inflation

Effects of Inflation Key

Resources:

Power Point - Inflation

Khan Academy Video - Introduction to inflation

Khan Academy Video - Actual CPI Basket of Goods

Homework:   

IA Macro commentary due Monday 2/18

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 (Save first and then type out your information)

• 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

Thursday February 14

Review Concepts:

• Types of Inflation
• Demand Pull
• Cost Push
• Measures to deal with inflation

Chair the Fed Game


Resources:

Power Point - Inflation

Khan Academy Video - Demand-Pull Inflation under President Johnson

Khan Academy Video - Cost-Push Inflation



Homework:   

None

Wednesday February 13

New Concepts:

• Types of Inflation
• Demand Pull
• Cost Push
• Measures to deal with inflation

Chair the Fed Game

Resources:

Power Point - Inflation

Khan Academy Video - Demand-Pull Inflation under President Johnson

Khan Academy Video - Cost-Push Inflation

Chair the Fed Game

Homework:   

None

Monday February 11

Internal Assessment (IA) Macro Commentary - Due Monday Feb. 18

New Concepts:

• Inflation
• Consumer Price Index - What does inflation measure?
• Calculating the Inflation Rate

Resources:

Power Point - Inflation

Khan Academy Video - Introduction to inflation

Khan Academy Video - Actual CPI Basket of Goods

Latest News Release from BLS - Inflation for December 2018

CPI Historical Data - from Bureau of Labor Statistics
   

Here is how 175 various items affect the rate of inflation

Here is a visual showing the basic components of the market basket of goods

Homework:

Read the SL section of Chapter 18

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 (Save first and then type out your information)

• 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 February 8

New Concepts:

• Inflation
• Consumer Price Index - What does inflation measure?
• Calculating the Inflation Rate

Resources:

Power Point - Inflation

Khan Academy Video - Introduction to inflation

Khan Academy Video - Actual CPI Basket of Goods

Latest News Release from BLS - Inflation for December 2018

CPI Historical Data - from Bureau of Labor Statistics
     

Here is how 175 various items affect the rate of inflation

Here is a visual showing the basic components of the market basket of goods

Homework:

Read the SL section of Chapter 18

Wednesday February 6

Review Concepts:

• Took Quiz on Unemployment
• Please see me if you need to take it

Homework:

• Read The SL Section of Chapter 18 - Inflation

Tuesday February 5

Review Concepts:

• Watched video: The Millennial Dream to prepare for discussion on job outlook for Milennials on Thursday
• Points from Video
• Job outlook
• Education
• Types of jobs
• Communities

Resources
Power Point - Unemployment

Video - Types of Unemployment

Video - Who is unemployed?

Homework:
Pop Quiz on Wednesday 2/6

Monday February 4

Review Concepts:

• Unemployment

Class Activity:  

Practice with Diagrams - Unemployment

Resources
Power Point - Unemployment

Video - Types of Unemployment

Video - Who is unemployed?

Homework:

• Unemployment Presentation - Due Today

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 (Save first and then type out your information)

• 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 February 1

Review Concepts:

• Unemployment

Class Activity:  

Practice with Diagrams - Unemployment

Resources
Power Point - Unemployment

Video - Types of Unemployment

Video - Who is unemployed?

Homework:

• Unemployment Presentation - Due Today

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 (Save first and then type out your information)

• 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