ECONOMICS
MONDAY
5/9
FOR THE WEEK STARTING 5/9/15
DAY 2
WEDNESDAY
5/11
DAY 2
FRIDAY
5/13
DAY 2
READING: Long run equilibrium,
Aggregate supply & Aggregate demand
CLASS: Economic growth and AD /AS
model
ACT: RESEARCH ECONOMIC
ANALYSIS WS
CLASS OBJECTIVES:
1) IDENTIFY KEY COMPONENTS OF EG.
2) EXPLAIN HOW SAVINGS AND
INVESTMENT IMPACT EG.
3) ILLUSTRATE HOW TO REFLECT
CHANGES IN AD / AS, AS RESULT OF
GROWTH AND RECESSION.
4) APPLY TO CURRENT REAL WORLD
SITUATIONS.
CLASS: ECONOMIC POLICY
DECISION-MAKING AND ECONOMIC
SYSTEMS
Economic ANALYSIS & POLICY
APPLICATION
CLASS: Unit assessment ch.10-13
ACT: AD/AS ONLINE SIMULATION
CLASS OBJECTIVES:
1) EXPLAIN HOW TO IMPLEMENT
ECONOMIC POLCY TO DEAL WITH
INFLATIONARY GAP.
2) EXPLAIN HOW TO IMPLEMENT
ECONOMIC POLCY TO DEAL WITH
RECESSIONARY GAP.
3) ILLUSTRATE THE EFFECT OF THESE
POLICY DECISION-MAKING.
CLASS OBJECTIVES:
1) DEMONSTRATE THE IMPACT OF
SHIFTS IN AD / AS AND ITS IMPACT ON EG
2) EXPLAIN HOW THESE SHIFTS ARE
CREATED.
3) ILLUSTRATE HOW TO REFLECT
CHANGES IN AD / AS, AS RESULT OF
GROWTH AND RECESSION.
VOCAB:
AS /AS model
ECONOMIC GROWTH
REAL GDP
PRICE LEVEL
LRAS
SRAS
AD
Inflationary gap
Recessionary gap
VOCAB:
MONETARY POLICY
OPEN MARKET OPERATIONS
DISCOUNT RATE
RRR
FISCAL POLICY
CONTRACTIONARY POLICY
EXPANSIONARY POLICY
VOCAB:
SAME AS WEDNESDAY
ECONOMIC RESEARCH
PROJECT DUE: MAY 19TH
ECONOMIC RESEARCH
PROJECT DUE: MAY 19TH
ECONOMIC RESEARCH
PROJECT DUE: MAY 19TH