Unit III AP Macro Economics 2013-2014
Date
Classwork
Homework
10/7/13 Mon
Unit II Review FR
Unit III calendar
10/8/13 Tue
Intro Keynes Model ACT 19
Visual 3.1 &3.2
10/9/13 Wed
Market Watch Investment
3rd 205 / 4-5 Library
ch 9 R&O 166-170
questions 9-12
10/10/13 Thursday
Market Watch Investment
3rd-5th—Library
ch 9 R&O 170-176
just read
10/11/13 Fri
APC, APS, MPC, MPS, ACT 20
Visual 3.4
ch 10 182-186
questions 1-3
10/14/13 Mon
Columbus day
ch 10 186-193
Questions 4-9
10/15/13 Tue
( Economic Multiplier)
ACT 21
ch 10 PP AE
10/16/13 Wed
Investment expenditure
Visuals 3.4, 3.5,3.6
10/17/13 Thur
Aggregate Demand ACT 22
Visual 3.7
10/18/13 Fri
10/21/13 Mon
10/22/13 Tue
AD cont’d visual 3.8
ACT 23
ch 9 R&O 159-165
questions 1-8
ch 10 R&O 194-198
Questions 10-11
ch 11 203-209
questions 1-6
ch 11 PP intro SRAS (ACT 24)
Visual 3.10
AD & AS model cont’d
10/23/13 Wed
Macro Equilibrium (ACT 25)
Visual 3.11 & visual 3.12
10/24/13 Thur
Keynesian V. AD AS model
ACT 26
10/25/13 Fri
Discuss Demand shocks (ACT 27 a)
Practice shifts
ch 11 209-214
questions 7-12
ch 11 214-219
questions 1-4 graph
10/28/13 Mon
10/29/13 Tue
Discuss AS Supply shocks 27 b&c
AD & AS model adjustments
Visuals 3.13
10/30/13 Wed
Macro Model SR & LR dynamic ACT 28
Visual 3.14
10/31/13 Thur
End Qtr 1 Discuss LRAS and review PPC
Visual 3.14 ACT 29
11/1/13 Fri
tools of fiscal policy ACT 30
11/4/13 Mon
discretionary & automatic fiscal
Act 31
11/5/13 Tue
2 ways to analyze fiscal policy
ACT 32
11/6/13 Wed
Keynesian & AD AS model
Analyze macro economy ACT 33
11/7/13 Thur
11/8/13 Fri
Review Unit III
Review Unit III
11/11/13
11/12/13
11/13/13
11/14/13
11/15/13
veteran s day
parent teacher conference
Unit III Free Response exam
Unit III MC exam
Review Unit III Free Response
Mon
Tue
Wed
Thur
Fri
11/18/13 Mon
ch 12 224-228
questions 1-6
ch12 229-233
Questions 7-11
ch12 233-238
questions 12-17
review guide
review guide
study review guide
Review Unit III Multiple Choice
Questions--Ch 9 159-165
1.
2.
3.
4.
5.
6.
7.
8.
What is the largest component of aggregate expenditures
What does savings equal?
What is Average Propensity to Consume
What is Average Propensity to Save
What is the Marginal Propensity to Consume -- formula
What is the Marginal Propensity to Save --- formula
List four determinants other than income that might cause households to consume more or less
Graph what an increase in consumption looks like
Ch 9 166-170
9.
10.
11.
12.
Define real interest rate
Graph an investment demand curve-- label the y and x axis
What does the investment demand curve show?
What are non interest rate determinants of investment demand?
Ch 9 170-176
Nothing… covers consumption and investment schedules in the aggregate expenditures model
Ch 10 182-186
1.
2.
3.
What is the multiplier effect?
Multiplier formula
What is the significance of the multiplier
Ch 10 186-193
4. What are net exports?
5. Why is there good reason to be interested in the prosperity of our trading partners
6. What is a tariff?
7. How can the depreciation of the U>S dollar relative to our trading partners help or hurt U.S exports?
8. Draw an aggregate expenditure model that now shows Consumption+ Investment + Xn + Government
9. What is the balanced budget multiplier
Ch 10 194-198
10. What is a recessionary gap? And graph
11. What is an inflationary gap? And graph
Pg 196 just talks about great depression and Vietnam war inflation
Ch 11 203-209
1.
2.
3.
4.
5.
6.
What is Aggregate demand
What is the real balances effect
What is the interest rate effect
What is the foreign purchases effect
Graph the aggregate expenditures model vs. the new AD/AS model
What are the four determinants of AD that will cause it to shift??
Ch 11 209-214
7.
What is Aggregate Supply?
8.
9.
10.
11.
Graph the 3 ranges of AS
What is the horizontal range
What is the intermediate range ( upsloping)
What is the vertical range
12. What are the determinants that will shift Aggregate Supply?
Ch 11 214-219
Graph and show the impact on price level and gdp given the following scenarios
Graph AD/AS Model.. 1. Show Increase in AD 2. Show decrease in AD
4.
Show an increase in AS
Ch 12 224-228
1.
2.
3.
4.
5.
6.
Significance of the Employment Act of 1946
What is the CEA? purpose
What is the JEC? Purpose
Describe expansionary fiscal policy options
What are contractionary fiscal policy options
What are two ways a government can finance a deficit
Ch 12 229-233
7.
8.
9.
10.
11.
Describe a built in or automatic stabilizer… example
What is the progressive tax system?
What is the proportional tax system?
What is the regressive tax system?
Discuss federal deficits and surpluses in the last two decades
Ch 12 233-238
12.
13.
14.
15.
16.
17.
Describe a recognition lag
Describe administrative lag
Describe an operational lag
What is the crowding out effect
What is the net export effect
What is the theory of Supply-Side Fiscal Policy
3. Show Decrease in AS