AP Macroeconomics Unit 2, Measuring the Economy, Inflation and Unemployment
Chapters 7 and 8. McConnell-Brue, 15th Ed.
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Students will be able to calculate GDP from the expenditure approach and the
income approach.
Students will understand the difference between nominal numbers and real
numbers.
Students will be able to explain the patterns of economic activity known as the
business cycle and analyze the types of economic instability that occurs.
Students will be able to differentiate between types of unemployment.
Students understand the concept of the natural rate of unemployment in an
economy.
Students will understand the construction of a price index.
Students will be able to calculate price index numbers and rates of inflation.
Students will be able to evaluate the impact of unexpected inflation on economics
decisions.
Monday
Tuesday
Wednesday
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22
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-GDP Quiz
-Measuring
Inflation
-The Business
Cycle
-Read pp.
146-156,
ques.13,14
-Unemployment
and Okuns Law
-Real vs
Nominal
Numbers
-What is an
index?
-Read pp.
124-132,
Ques.
11,12
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Unit 2 Test
Thursday
Sept. 17
Friday
18
-What is GDP?
-What is counted?
-Read pp. 116-121,
Ques. 1-5,
-Expenditure/Income
Approach to Counting
GDP
-Expenditure/Income
Approach GDP
-Read pp. 116-123,
Ques. 1-5,
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-TW #3
-Inflation - types and
Effects
-Activity 13
-Read pp 136140 Ques. 5-8
-Read pp. 140-145,
Ques. 6-8
-Practice Questions
Distributed
- Ch. 7-8 practice
problems distributed
-pp. 122-123, Ques.
8-9, show work
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-2000 AP Multiple
Choice Review