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AP Macroeconomics October 1, 2014

AP Macroeconomics October 1, 2014. Objective : MACROECONOMIC MODELS AND FISCAL POLICY Warm up—Explain the crowding out effect of government deficit spending . Fiscal policy reviewed A couple homework problems reviewed Test info In the news. Economics—periods 4 and 5 October 1, 2014.

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AP Macroeconomics October 1, 2014

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  1. AP MacroeconomicsOctober 1, 2014 Objective: MACROECONOMIC MODELS AND FISCAL POLICY • Warm up—Explain the crowding out effect of government deficit spending. • Fiscal policy reviewed • A couple homework problems reviewed • Test info • In the news

  2. Economics—periods 4 and 5October 1, 2014 Objective: Business and ESLR: Critical thinkers • Warm up—Why do many businesses choose to incorporate? • Economics USA: The Firm (video, notes) • (p206-207 18, 20, 21) • Making a Profit (worksheet) Complete Making a Profit (worksheet) for HOMEWORK

  3. U.S. HistoryOctober 1, 2014 Objective: Chapter 7: Immigration and the growth of cities • Warm up—Why were fires such a threat in industrial age cities? • Chapter 7 summary • Chapter 7 assessment

  4. http://www.youtube.com/watch?v=woVcHfnhBqI

  5. AP MacroeconomicsOctober 2, 2014 Objective: MACROECONOMIC MODELS AND FISCAL POLICY • Warm up—What does it mean to say “aggregate demand,” as a opposed to just demand? • Unit 3 Exam • In the news

  6. packet • Warms ups • Notes (video) • Chapter 9,10,11 hw • Review worksheet

  7. Economics—periods 4 and 5October 2, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—What makes the cost of labor for some products greater than that of others? • Labor (reading, questions, discussion) • Labor notes • Review Making a Profit (worksheet)

  8. U.S. HistoryOctober 2, 2014 Objective: Chapter 7: Immigration and the growth of cities • Warm up—What was the spoils system? • Review Chapter 7 assessment and more • Main Idea questions 6-8 on page 272 • Quiz tomorrow on chapter 7 HOMEWORK: Critical Thinking page 272 #1

  9. AP MacroeconomicsOctober 3, 2014 Objective: MACROECONOMIC MODELS AND FISCAL POLICY • Warm up—Examine daily life in an open economy versus a closed economy. How is life different in a global economy? • Job news • Local crises in a global world: side effects • Video, notes, discussion Read chapter 12 for Monday

  10. Economics—periods 4 and 5October 3, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—Examine daily life in an global economy. What are some advantages and disadvantages of the free movement of goods and people? • Job news • Local crises in a global world: side effects • Video, notes, discussion • Review Profit worksheet

  11. U.S. HistoryOctober 2, 2014 Objective: Chapter 7: Immigration and the growth of cities • Warm up—What was is civil service? • Exam on Chapter 7 • A look at ebola

  12. AP MacroeconomicsOctober 6, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—What is money? What are the functions of money? • Economic relationships • Topic A: Money, banking, and financial markets

  13. Economics—periods 4 and 5October 6, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—Who is included in the labor force? • Unemployment (pages 331-336 reading) • Questions 1-7 • Secret History of the Credit Card (video, notes, questions)

  14. U.S. HistoryOctober 6, 2014 Objective: Life at the Turn of the Century • Warm up—What is segregation? • Chapter 8 (reading, handouts, discussion) • A look at ebola

  15. AP MacroeconomicsOctober 7, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—Answer question 4 on page 243. • Topic A: Money, banking, and financial markets • A bank’s balance sheet • Page 242-243 (3)

  16. Economics—periods 4 and 5October 7, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—List the 4 types of unemployment. Which is most easily to avoid? • Unemployment (page 336 3-7) • Secret History of the Credit Card (video, notes, questions)

  17. U.S. HistoryOctober 7, 2014 Objective: Life at the Turn of the Century • Warm up—How did education in America change at the turn of the century? • Chapter 8 (Section 3 and 4 reading and questions) • Complete Chapter 8 worksheet. • Discussion

  18. AP MacroeconomicsOctober 8, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—What is the Federal Reserve Bank? • Answer question 3 on page 242-243. • A bank’s balance sheet • Banking and the economy: Economics USA

  19. Economics—periods 4 and 5October 8, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—Consider an economy where 127 million people are employed and 8 million people are unemployed. What is the unemployment rate? • Secret History of the Credit Card (video, notes, questions) conclusion • Credit cards and the economy: breaking it down. • Review/Moving on

  20. Credit cards and the economy Complete the following with a partner: • List 3 advantages of credit cards to the consumer • List 3 disadvantages of credit cards to the consumer • List 2 advantages of credit cards to businesses • List 2 disadvantages of credit cards to businesses • Are credit cards good for the economy?

  21. U.S. HistoryOctober 8, 2014 Objective: Life at the Turn of the Century • Warm up—What years are we talking about when we say the turn of the century? • Review Chapter 8 questions and worksheet. • The Century: Seeds of Change (video, notes)

  22. AP MacroeconomicsOctober 9, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—What is open-market operations? • Banking and the economy: Economics USA (video, notes, questions) • A bank’s balance sheet (reviewed) • Money creation

  23. Economics—periods 4 and 5October 9, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—Consider an economy where 95 million people are employed and 5 million people are unemployed. What is the unemployment rate? • Advantages and disadvantaged of Credit Card (review) • Quiz info • Reading

  24. Tomorrow’s quiz • Advantages and disadvantages of different business organizations (sole proprietorships, partnerships, and corporations) • What is liability? • Advantages and disadvantages of credit cards • Review questions on scarcity, production possibilities, and supply and demand

  25. U.S. HistoryOctober 9, 2014 Objective: Life at the Turn of the Century • Warm up—What is lynching? • Two views of America • Lynching (a reading, discussion and video) • Witness to lynching ( • Moving pictures? Lillian Gish and The Birth of a Nation (reading, discussion and video

  26. Witness to a lynching Imagine you are travelling through a Southern town in 1905. When you stop to rest, you notice a large gathering of men in the process of lynching a man. Write a paragraph on what you witness, how you feel, and what you do.

  27. AP MacroeconomicsOctober 10, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—What is the reserve requirement? • Spending, money and interest • Fed practice • Money creation and a bank’s balance sheet (reviewed) • Morocco’s Mule Ladies Homework: chapter 13 (4, 6-10,13)

  28. Economics—periods 4 and 5October 10, 2014 Objective: Business and Labor ESLR: Critical thinkers • Warm up—The nation of Nzerdifus has 200 workers. Doodle Dandy Inc., its larger employer, lays off ten workers. 40 Nzerdifians were already looking for work. The unemployment rate has changed from ___% to ___%. • Quiz • Who is Malala? OR Morocco’s Mule Ladies

  29. U.S. HistoryOctober 10, 2014 Objective: Life at the Turn of the Century • Warm up—Solve it • Chapter 8 Assessment p.300 • Terms and names 1-10 • Critical Thinking 1 • Moving pictures? Lillian Gish and The Birth of a Nation and The Great Train Robbery (reading, discussion and video)

  30. Solve these first get 5 bonus points. • _ _ _ i _ An island of immigrants • _ _ _ o _ _ _ _ _ _ _ _ o _ After the war • _ _ _ e _ _ _ _ To assimilate the Indians • _ _ _ e _ _ _ _ America’s pastime since the mid 18th century • _ _ _ _ _ o _ _ Connected east and west

  31. AP MacroeconomicsOctober 13, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) Page 280 (1-13)

  32. Economics—periods 4 and 5October 13, 2014 Objective: Business and Labor ESLR: Critical thinkers Page 308 (1-7)

  33. U.S. HistoryOctober 13, 2014 Objective: Life at the Turn of the Century Page 338 (Terms and Names 1-10; Main Ideas 1-11)

  34. AP MacroeconomicsOctober 14, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—Calculate the money multiplier for the following reserve requirements: a) 10% b) 15% c) 22% • The Fed (quick review) • The Fed today • You’re the Fed

  35. Economics—periods 4 and 5October 14, 2014 Objective: Measuring National Income ESLR: Critical thinkers • Warm up—What are intermediate goods? • GDP (reading and questions) • GDP (details and notes) • Economics USA: Measuring national income (video and notes)

  36. U.S. HistoryOctober 14, 2014 Objective: The Progressive Era • Warm up—What was prohibition? • Origins of Progressivism (reading and questions) • Women in Public Life • Teddy Roosevelt (video and notes)

  37. AP MacroeconomicsOctober 15, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—Calculate the reserve requirement for the following money multipliers: a) 2.25 b) 3.1 c) 1.8 • You’re the Fed (review items 1-3; complete worksheet) • The Fed and 9-11

  38. Economics—periods 4 and 5October 15, 2014 Objective: Measuring National Income ESLR: Critical thinkers • Warm up—What intermediate good is used in the production of ollygoggles? • GDP (details and notes) • GDP Worksheet • Economics USA: Measuring national income (video and notes)

  39. U.S. HistoryOctober 15, 2014 Objective: The Progressive Era • Warm up—Explain 1 goal of the Progressive movement. • Chapter 9 summary continued (questions 3, 4 and 5) • Teddy Roosevelt (reading, video and notes) • Questions on TR. Page 325 #2

  40. AP MacroeconomicsOctober 16, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—Explain the Fed’s concerns during the attack on September 11. • Exam info • A bank’s balance sheet • The Fed reviewed • Homework review

  41. Economics—periods 4 and 5October 16, 2014 Objective: Measuring National Income ESLR: Critical thinkers • Warm up—What are durable goods? Give an example. • Pop quiz!!! • GDP (reviewed) • GDP Worksheet reviewed • Economics USA: Measuring national income (video and notes)

  42. U.S. HistoryOctober 16, 2014 Objective: The Progressive Era • Warm up—Who were the Rough Riders? • Homework check (Page 325 #2) • Progressivism (a brochure) Chapter 9 Make a three fold brochure of the Progressive Era. Include the goals of Progressivism, the major policies of Roosevelt, Taft, and Wilson. Also include information about Women’s suffrage and prohibition movements.

  43. AP MacroeconomicsOctober 17, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—What is Fractional Reserve Banking? • A bank’s balance sheet (an exercise) • The Fed reviewed (worksheet) • A few homework items • History of the Fed (video, notes)

  44. A bank’s balance sheet • Step one: Create a balance sheet for a bank that has $210,000 in deposits, $33,000 in stocks, $11,000 in bonds, $21,000 in real estate, and $20,000 in loans with a reserve ratio of .2. • Step two: Show what happens when $28,000 is deposited • Step three: Show what happens the Fed conducts open-market operations of $10,000 to contract the money-supply. • Step four: Show what happens when $30,000 is now withdrawn. • Step five: Show what happens when $42,000 is deposited AND the Fed decides to further contract the supply of money by raising the reserve requirement .25.

  45. Economics—periods 4 and 5October 17, 2014 Objective: Measuring National Income ESLR: Critical thinkers • Warm up—Give three examples of services counted in GDP. • GDP quiz and worksheet reviewed • Economics USA: Measuring national income (video and notes) • Business cycle and GDP (p310-316 1-4, 6)

  46. U.S. HistoryOctober 17, 2014 Objective: The Progressive Era • Warm up—Who were the presidents before and after Theodore Roosevelt? • Complete Progressivism brochure Make a three fold brochure of the Progressive Era. Include the goals of Progressivism, the major policies of Roosevelt, Taft, and Wilson. Also include information about Women’s suffrage and prohibition movements.

  47. AP MacroeconomicsOctober 20, 2014 Objective: MONEY, BANKING, AND MONETARY POLICY (Financial Sector) • Warm up—Explain how the supply of money influences interest rates. • The Fed reviewed. (notes, problems, questions) • History of the Fed (video, notes)

  48. Economics—periods 4 and 5October 20, 2014 Objective: Measuring National Income ESLR: Critical thinkers • Warm up—When calculating GDP, what does Investment include? • Business cycle, economic downturns and GDP (reading, notes) p326-327 1-8 • The circular flow of payments • Economics USA (video, notes) HOMEWORK: Find an article online about the economy. Summarize it in three paragraphs.

  49. 7 changes in the economy we would expect to see during a recession • Increase in business and personal bankruptcy • Fewer jobs • More unemployment • Increase in inventories • Fewer incomes received • Less spending • Increase in government spending/services • Stock market decline • Less investment • Decline in trade • Durable goods sales decline • Overall decline in GDP

  50. U.S. HistoryOctober 20, 2014 Objective: Imperialism and America • Warm up—What is Imperialism? • Turn in Progressivism brochure • Reading page 342 • Vocabulary and questions (p345 1 and 3) • Roots of Imperialism (p345 2) HOMEWORK: page 368 Main Ideas 1-2

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