Review/Project Work Days

Students will be reviewing for the AP exam on May 14th. The schedule is as follows for the remainder of the semester:

27 Apr - Review/Project Work Day
28 Apr - Review/Project Work Day
30 Apr - Review/Project Work Day (computer lab)
01 May - Review/Project Work Day
04 May - Review/Project Work Day
05 May - AP Calc Exam
07 May - AP Lit Exam
08 May - Review/Project Work Day
11 May - Project Due!
12 May - AP Gov Exam
14 May - AP Macroecon Exam
15 May - Freakonomics Video

Students will be given a packet to help them review. This packet will be extra credit and can be turned in by May 15th at the BEGINNING of class.

UA Ethics Forum

Students will attend an ethics forum at the University of Arizona today!

Homework Review

Students will review their homework with their peers.

Mrs. Snyder out sick. :(

Students Teaching Students

Students will present their lessons all this week.

Students Teach Students Day 4

Bellwork: none, in the library to use the computers. 

Objectives:       

i.      Outline the quantity theory of money and its theory of inflation

ii.      Differentiate between long-run and short-run Phillips curve    

iii.      Distinguish between a passive deficit and a structural deficit            

iv.      Differentiate between real and nominal deficits and surpluses

Activity: in the library to use the computers

Homework: See Master Schedule for more details on homework

Absent? Review the requirements for the assignment below. You will be working with a partner!

Students Teach Students Day 3

Bellwork: none, in the library to use the computers. 

Objectives:       

i.      Outline the quantity theory of money and its theory of inflation

ii.      Differentiate between long-run and short-run Phillips curve    

iii.      Distinguish between a passive deficit and a structural deficit            

iv.      Differentiate between real and nominal deficits and surpluses

Activity: in the library to use the computers

Homework: See Master Schedule for more details on homework

Absent? Review the requirements for the assignment below. You will be working with a partner!

Students Teaching Students Day 2

Bellwork: What objective will you and your partner teach? 

Objectives:       i.      Outline the quantity theory of money and its theory of inflation
     ii.      Differentiate between long-run and short-run Phillips curve    iii.      Distinguish between a passive deficit and a structural deficit            iv.      Differentiate between real and nominal deficits and surpluses
Activity: in the library to use the computers

Homework: See Master Schedule for more details on homework

Absent? Review the requirements for the assignment below. You will be working with a partner!

Students Teaching Students Day 1

Bellwork: In what way do you learn best?   

Objectives: review expectations for students teaching students project

                                                              i.      Outline the quantity theory of money and its theory of inflation

                                                            ii.      Differentiate between long-run and short-run Phillips curves

                                                          iii.      Distinguish between a passive deficit and a structural deficit

                                                           iv.      Differentiate between real and nominal deficits and surpluses

Activity: review expectations for students teaching students project

Homework: See Master Schedule for more details on homework

Absent? Review the requirements for the assignment below. You will be working with a partner!

MC Exam Test Corrections

Bellwork: What was the most difficult thing about the multiple choice exam?  

Objectives: MC Test Corrections

Activity: MC Test Corrections

Homework: See Master Schedule for more details on homework

 

Absent? Complete the test corrections. See below for the test and answers. 

MC Exam

Bellwork: What are the shifters of aggregate demand? (Hint: CIG-X)

Objectives: Multiple Choice Exam

Activity: Multiple Choice Exam

Homework: See Master Schedule for more details on homework

Absent? Print out the multiple choice test below and complete it. Check your answers and do test corrections. Answers are at the end of the exam. 

Homework Review

Bellwork: What is the role of the Federal Reserve? 

Objectives: Homework Review

Activity: Homework Review

Homework: See Master Schedule for more details on homework

Absent? Review the answers to the homework below. 

President's Problem Presentations

Bellwork: What was the most difficult thing about this project? What was the most enjoyable?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 7

Bellwork: None, in the library.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 6

Bellwork: None, in the library to work on the project

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 5

Bellwork: What are we trying to solve in the President's Problem?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

Absent? work on the project

President's Problem Day 4

Bellwork: What is one question that you want/need to answer in order to give the President an economic policy?

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 3

Bellwork: Explain the crowding out effect.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

President's Problem Day 2

Bellwork: Explain the multiplier effect.

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project.

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

Money for Nothing Day 2

Bellwork: What have you learned from the video so far?

 

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: Finish the movie.

 

Homework: See Master Schedule for more details on homework

 

Absent? work on the project

Money for Nothing

Bellwork: Where do you think money comes from?

 

Objectives: Students will watch a video that will help them understand their role in the project as economic advisors' to the President.

 

Activity: "Money for Nothing" video on Netflix. Students will watch the video and create their own question/answer sheet.

 

Homework: See Master Schedule for more details on homework

 

Absent? View the video above and write 10 questions that you think students should know the answers to after watching the video.

President's Problem Day 1

Bellwork: What is the difference between fiscal and monetary policy?  

 

Objectives: Students will:

• Recognize that society has scarce resources to allocate among its members
• Recognize tradeoffs that result from government decision making
• Identify and understand key economic indicators
• Understand the economic effects of various monetary and fiscal policies
• Make informed decisions regarding the consequences of inflation and unemployment
• Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers and government policy makers
• Describe the economic effects of changing levels of government spending, interest rates, taxes and/or the discount rate
• Demonstrate an understanding of unit concepts

Activity: President's Problem Project

 

Homework: See Master Schedule for more details on homework

 

Absent? Review the slides below, take notes

Fiscal V Monetary Policy

Bellwork: What are the four factors of production?

Objective: compare and contrast fiscal and monetary policy

Activity: Fiscal and Monetary Policy power point and "Slap That Policy" Activity.

Homework: See Master Schedule for more details on homework

Absent? Review the slides below and take notes.

Multiplier Effect Day 2

Bellwork: share prices tumble, wiping 20% off company values. What/how would shift: aggregate demand or aggregate supply?

Objective: assess the validity of the multiplier effect.

Activity: Multiplier Effect Power Point and activity.

Homework: See Master Schedule for more details on homework

Absent? Review the slides below and tame notes.

Multiplier Effect Day 1

Bellwork: government "stealth taxes" increase tax burden to highest level for 50 ears. What/how would shit? Aggregate demand or aggregate supply?

Objective: assess the validity of the social multiplier effect.

Activity: Multiplier Effect Video and Readings

Homework: See Master Schedule for more details on homework

Absent? Review the video linked here and read the two articles from the WSJ and the Chronicle.

Aggregate Demand & Aggregate Supply Day 4

Bellwork: Government announces a large increase in spending on healthcare and education. What/how would shift: aggregate demand or aggregate supply?

Objective: explain the macroeconomic equilibrium; understand aggregate demand curve shifts; understand aggregate supply curve shifts

Activity: aggregate supply & aggregate demand QUIZ-QUIZ-TRADE activity

Homework: See Master Schedule for more details on homework

Absent? review the questions for the quiz below. The answers are included. If you don't understand the question, please get help from me or another student!

Aggregate Demand & Aggregate Supply Day 3

Bellwork: Stability of inflation cheers business leaders! What would shift: aggregate demand or aggregate supply? How would it shift?

Objective: explain the macroeconomic equilibrium; understand aggregate demand curve shifts; understand aggregate supply curve shifts

Activity: aggregate supply & aggregate demand activity

Homework: See Master Schedule for more details on homework

Absent? review the activity sheets below and do the activities.

Aggregate Demand & Aggregate Supply Day 3

Bellwork: U.S. productivity levels at their highest level for 10 years! What would shift: aggregate demand or aggregate supply? How would it shift?

Objective: explain the macroeconomic equilibrium; understand aggregate demand curve shifts; understand aggregate supply curve shifts

Activity: aggregate supply & aggregate demand video

Homework: See Master Schedule for more details on homework

Absent? review the video and take notes.

Reading Catch Up Day

Reading and Homework Catch Up Day

**substitute**

Aggregate Supply & Aggregate Demand Day 2

Bellwork: give a real-world example of something that might shift aggregate supply

Objective: explain the macroeconomic equilibrium; understand aggregate demand curve shifts; understand aggregate supply curve shifts

Activity: aggregate supply & aggregate demand activity

Homework: See Master Schedule for more details on homework

Absent? review the activity sheets below and do the activities.

Aggregate Supply & Aggregate Demand

Bellwork: list three shifters of aggregate supply (REP)

Objective: explain the macroeconomic equilibrium; understand aggregate demand curve shifts; understand aggregate supply curve shifts

Activity: aggregate supply &demand PowerPoint; watched H2O FOR LIFE presentation

Homework: See Master Schedule for more details on homework

Absent? review the PowerPoint below and take notes.

Types of Aggregate Supply

Bellwork: explain why the LRAS curve is a vertical line.

Objective: define aggregate supply; explain why the aggregate supply curve
is upward sloping; describe the factors that affect aggregate supply; explain what factors will shift the aggregate supply curve

Activity: aggregate supply PowerPoint

Homework: See Master Schedule for more details on homework

Absent? review the PowerPoint below and take notes.

Shifts in Aggregate Supply

Bellwork: explain the difference between Keyne's and Hayek's views on the economy.

Objective: define aggregate supply; explain why the aggregate supply curve
is upward sloping; describe the factors that affect aggregate supply; explain what factors will shift the aggregate supply curve

Activity: aggregate supply PowerPoint

Homework: See Master Schedule for more details on homework

Absent? review the PowerPoint below and take notes.

Aggregate Supply

Bellwork: name two things that might cause a shift in aggregate demand.

Objective: define aggregate supply; explain why the aggregate supply curve
is upward sloping; describe the factors that affect aggregate supply; explain what factors will shift the aggregate supply curve

Activity: aggregate supply PowerPoint

Homework: See Master Schedule for more details on homework

Absent? review the PowerPoint below and take notes.

Shifts in Aggregate Demand

Good review video!

Bellwork: name one theory (effect that explains why aggregate demand is downward sloping. Explain that theory.

Objective: explain what factors will shift the aggregate demand curve.

Activity: Aggregate Demand Powerpoint and Worksheet

Homework: See Master Schedule for more details on homework

Absent? Take notes on the powerpoint below (from 2/5/2015)

Aggregate Demand

Good review video!

Bellwork: Compare a business selling shoes with the total sale of everything for the whole country. What might the two different graphs look like in terms of demand? Specifically, how do you think the X- and Y- axes would be labeled?

Objectives:

• define aggregate demand
• explain why the aggregate demand curve is downward sloping
• describe the factors that affect aggregate demand
• explain what factors will shift the aggregate demand curve

 

Activity: Aggregate demand PowerPoint and activity

Homework: See Master Schedule for more details on homework

Absent? Review the slideshow below and take notes.

Keynesian Economics

Bellwork: If you were in charge of the government, what would you do to balance the budget?

Objective: students will define and examine the role of Keynesian economics during recessions and depression

Activity: Keynes activity and powerpoint

Homework: See Master Schedule for more details on homework

Absent? Take notes on the powerpoint below

Absolute and Comparative Advantage Reteach

Bellwork: none

Objective: Develop a broad understanding of comparative advantage and its significance for international trade theory by examination of a model.

Activity: Comparative Advantage Worksheet Review

Homework: Homework is due today, I you are absent please turn it in the first day of your return.

Absent? Arrange a time to come in and take the unit exam/FRQ

WORKSHEET:


ANSWER SHEET

MC Unit Exam and FRQ

Bellwork: Prepare for the exam

Objective: students will...

• complete an exam on scarcity, opportunity costs, PPC, absolute and comparative advantage, circular flow, inflation, unemployment, and GDP

Activity: MC Unit Exam and FRQ

Homework: Homework is due today, I you are absent please turn it in the first day of your return.

Absent? Arrange a time to come in and take the unit exam/FRQ

Catch Up Day

students will use the class period to catch up on the homework an reading assignments.

Inflation

Bellwork: What impact might inflation have on people's spending power?

Objective: students will...

• describe the purpose of a price index
• use price index to calculate inflation
• distinguish between demand-pull inflation, cost-push inflation, and quantity theory inflation

Activity: Inflation PowerPoint and Activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and the video above.

Unemployment

Bellwork: How much can we reduce unemployment, inflation, and poverty?

Objective: students will

• explain how unemployment is measured in the United States
• differentiate between frictional, cyclical, structural, and seasonal unemployment

Activity: Unemployment PowerPoint

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below.

GDP Day 1 & 2

2 Days of Work

Bellwork: How do we know if the economy is healthy?

Objective:

• understand the various components of GDP
• explain why sustained growth in GDP per capita is desirable
• calculate data regarding GDP
• describe the phases of the business cycle
• differentiate between Real and Nominal GDP

Activity: GDP PowerPoint and Activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below.

Circular Flow Activity

Bellwork: What are the four factors of production?

Objective: explain the basic circular flow model

Activity: Circular Flow activity

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and the video above.

FRQ Exam on PPC Review/Finish Absolute and Comparative Advantage slideshow

Bellwork: none

Objective: Review their answers on the PPC FRQ.

Activity: FRQ Exam on PPC review/Finish Absolute and Comparative Advantage slideshow lecture.

Homework: See Master Schedule for more details on homework

Absent? Set up a time to meet with Ms. Snyder to go over the answers to the FRQ exam, or meet up with another student to review the answers.

FRQ Exam on PPC

Bellwork: None

Objective: students will analyze a productions possibilities curve and answer questions related to the curve

Activity: Production Possibilities Curve Free Response Question. Students will first work on this "test" individually and then work with a partner to make sure they understand the concept.

Homework: See Master Schedule for more details on homework

Absent? Complete the FRQ below on your own and turn in as soon as possible.

Reading Catch Up Day

Bellwork: none

Objective: students will complete the readings assigned for this unit.

Activity: complete the readings.

Homework: See Master Schedule for more details on homework

Absent? Finish the readings!

Comparative and Absolute Advantage

Bellwork: Why do countries trade with one another?

Objective: Develop a broad understanding of comparative advantage and its significance for international trade theory by examination of a model.

Activity: Comparative and Absolute Advantage PP Lecture

Homework: See Master Schedule for more details on homework

Absent? Review the PowerPoint below and take notes on the underlined portions.

Production Possibilities Curve and Supply and Demand

Production Possibilities Curve Video


Supply and Demand Review Video


Bellwork: In the movie, Monster's Inc. what was scarce?

Objective: Analyze production possibilities curves to describe opportunity costs and trade offs. Describe how markets function: laws of supply and demand.

Activity: Production Possibilities Curve PowerPoint Lecture and Laws of Supply and Demand lecture. PPC worksheet and Supply and Demand worksheet

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th
See Master Schedule for more details on homework

Absent? Review the PowerPoints below and take notes on the underlined portions.

Production Possibilities Curve PowerPoint:

Supply and Demand PowerPoint:

Scarcity, Marginal Analysis, Opportunity Costs, and Trade Offs

Bellwork: What do you think scarcity means?

Objective: analyze the implications of scarcity

Activity: Scarcity PowerPoint Lecture

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th
See Master Schedule for more details on homework

Absent? Review the PowerPoint below and take notes on the underlined portions.
 

Spring Semester Introductions

Bellwork: Answer two questions on a sticky note and place your answers on the poster. Questions were, "What are you most nervous about this class?" and "What are you most excited to learn?"

Objective: review syllabus

Activity: review syllabus and expectations.

Homework: have a parent/guardian sign the syllabus, due Friday, January 9th

Absent? Please obtain a syllabus from Ms. Snyder to have your parent/guardian sign.