Friday, October 19 (pep rally)

1. Friday, October 19 (pep rally) • Activities: • FRQ (15 minutes) • Finish video. • Homework: • Have a safe and fun weekend! • Chapter 12 reading notes due Wednesday! Warm-up #1 (new sheet, new nine weeks) If the economy is in a recession, what will the Federal Reserve do to help remedy the situation?

2. Monday, October 22 • Activities: • Aggregate expenditures interactive lecture • Homework: • Chapter 12 reading notes due Wednesday! Warm-up #2 What are the two things you can do with your money?

3. Tuesday, October 23 (sub) • Propensities practice • Fiscal policy practice • Ch. 12 due tomorrow!

4. Wednesday, October 24 • Activities: • Turn in Chapter 12 reading notes. • SSR • Graphing sheet and finish AE notes. • Catch-up: propensities, fiscal policy. • Homework: • FRQ re-takes Thursday (am only) and Monday (am and pm until 4:00). Warm-up #3 Assume that the MPS is 0.1. By how much will GDPr increase when spending increases by $1000?

5. Thursday, October 25 • Activities: • Turn in work you were finishing yesterday. • Aggregate model interactive lecture • Homework: • FRQ re-takes Thursday (am only) and Monday (am and pm until 4:00). Warm-up #4 What are the four components of aggregate expenditures?

6. Friday, October 26 • Activities: • Continue aggregate model interactive lecture. • Aggregate model practice • Homework: • Money market FRQ re-takes Monday morning and afternoon. • Propensities/multiplier FRQ on Tuesday! Warm-up #5 The government increases spending on military weapons. Explain what will happen on the aggregate model. Draw a graph to support your answer.

7. Monday, October 29 • Activities: • Go over propensities practice. • Continue aggregate model interactive lecture. • Finish aggregate model practice. • Homework: • Last chance for money market FRQ re-takes after school until 4:00pm! • Propensities/multipliers FRQ tomorrow! Warm-up #6 Explain how an increase in AD can create expansionary conditions in the economy.

8. Tuesday, October 30 • Activities: • Turn in aggregate model practice. • 3rd period – Josten’s presentation • FRQ • Go over fiscal policy. • Graphing practice. • Homework: • None! Warm-up #7 Spending increases by $1200 when income increases by $1500. What is the value of the spending multiplier?

9. Wednesday, October 31 • Activities: • 3rd period - FRQ • SSR • Go over aggregate model practice. • Short-run to long-run interactive lecture • Homework: • Aggregate model FRQ on Friday! Warm-up #8 What will happen to investment if interest rates increase?

10. Thursday, November 1 • Activities: • Work on reading notes. • Homework: • Aggregate model FRQ tomorrow! Warm-up #9 Income is $1500. Consumption is $1000. How much is savings? What is the APS?

11. Friday, November 2 (sub) • Activities: • FRQ • Phillips Curve handout • Reading notes • Homework: • Chapter 6 reading notes due Wednesday! No warm-up.

12. Monday, November 5 • Activities: • Short-run to long-run interactive lecture • Work on Phillips Curve packet. • Homework: • Chapter 6 reading notes due Wednesday! Warm-up #10 (copy the whole thing and fill in the blanks) The government uses ___ policy. The Federal Reserve uses ____ policy. If the economy is in a recession, they will use ____ policies. If the economy is experiencing inflation, they will use ___ policies.

13. Tuesday, November 6 • Activities: • Short run to long run interactive lecture • Finish Phillips Curve packet. • Homework: • Chapter 6 reading notes due tomorrow! • Phillips Curve packet due tomorrow! • FRQ re-takes on Thursday (propensities and aggregate model)! • TEST NEXT TUESDAY! Warm-up #11 When GDPr decreases, what will happen to unemployment?

14. Wednesday, November 7 • Activities: • Turn in Chapter 6 reading notes and Phillips Curve packet! • SSR • Phillips Curve interactive lecture • Homework: • FRQ re-takes in class tomorrow! • TEST ON TUESDAY! • Chapter 37 and 38 reading notes due NEXT Thursday! Warm-up #12 If AD increases, then what will likely happen to inflation and unemployment?

15. Thursday, November 8 • Activities: • Finish Phillips Curve interactive lecture. • FRQ re-takes • Work on reading notes. • Homework: • Chapter 37 and Chapter 38 reading notes due next THURSDAY! • TEST ON TUESDAY! Warm-up #13 (turn in today) The economy is currently in a recession because of a decline in consumer spending. Show this on the production possibilities model and on the aggregate model.

16. Friday, November 9 (sub) • Activities: • Test review • Reading notes • Homework: • TEST ON TUESDAY!

17. Monday, November 12 • Activities: • Test review • Reading notes • Homework: • TEST TOMORROW! If you are absent tomorrow, you will take the test in class on Wednesday. • Chapter 37 and Chapter 38 reading notes due THURSDAY! No warm-up.

18. Tuesday, November 13 • Activities: • TEST • Work on reading notes. • Homework: • SSR tomorrow. • Chapter 37 and 38 reading notes due Thursday! No warm-up.

19. Wednesday, November 14 • Activities: • Absent people – test • 3rd – progress reports and toy drive • SSR • AP FRQs – due at the end of the period tomorrow. • Homework: • Chapters 37 and 38 reading notes due tomorrow! No warm-up.

20. Thursday, November 15 • Activities: • Turn in reading notes. • AP FRQs – due at the end of the period. • Homework: • FRQ TEST Thursday, November 29. You can use your graphing sheet and a partner. No warm-up.

21. Friday, November 16 (blood drive) • Activities: • Video – The People’s Republic of Capitalism: Joined at the Hip • Homework: • HAVE A FANTASTIC BREAK! • FRQ TEST Thursday, November 29. You can use your graphing sheet and a partner. No warm-up.

22. Monday, November 26 (sub) • Activities: • Go over AP FRQs. • Homework: • FRQ TEST Thursday. You can use your graphing sheet and a partner.

23. Tuesday, November 27 (sub) • Activities: • Video • Homework: • FRQ TEST Thursday. You can use your graphing sheet and a partner.

24. Wednesday, November 28 • Activities: • SSR • Study and prepare for your test tomorrow. Figure out who your partner will be and make sure your graphing sheet is ready! • Homework: • FRQ TEST TOMORROW! You can use your graphing sheet and a partner. Warm-up #14 (start a new sheet) Suppose that the economy currently has a recessionary GDP gap. Which of the following would be a possible solution to this problem? A) The government should increase taxes. B) The government should decrease spending. C) The Federal Reserve should increase the discount rate. D) The Federal Reserve should increase the reserve ratio. E) The Federal Reserve should buy bonds on the open market.

25. Thursday, November 29 • Activities: • FRQ test – you can use your graphing sheet and a partner! • Homework: • None! No warm-up.

26. Friday, November 30 • Activities: • Basis of Trade interactive lecture • Homework: Warm-up #15 Which of the following is correct? A) The short run is a time period of less than six months; the long run is anything six months or more. B) In the short run, businesses can change the amount of goods and services they are capable of producing. C) In the short run, businesses cannot change the amount of goods and services they are capable of producing. D) The long run is not reflected in any economic model because long-run changes occur so frequently.

27. Monday, December 3 • Activities: • Absolute and comparative advantage interactive lecture • Practice • Homework: • Absolute and comparative advantage FRQ on Thursday! Warm-up #16 If the economy experiences a growth in its capital stock, then A) there will be economic growth, and the LRAS curve will shift right. B) there will be economic growth, and the LRAS curve will shift left. C) there will be economic decline, and the LRAS curve will shift right. D) there will be economic decline, and the LRAS curve will shift left.

28. Tuesday, December 4 • Activities: • Balance of Payments and foreign exchange interactive lecture • Homework: • Absolute and comparative advantage FRQ on FRIDAY! • Trade test next Tuesday! Warm-up #17 Expansionary fiscal policy can be ineffective because A) increased government spending can create a decline in investment. B) increased government spending can create declining interest rates. C) increased taxes can cause spending to increase and create inflation. D) decreased taxes can cause businesses to feel pessimistic about investments.

29. Wednesday, December 5 (sub) • Activities: • SSR • Balance of Payments practice • Finish absolute and comparative advantage practice. • Homework: • Absolute and comparative advantage FRQ on Friday! • Trade test next Tuesday!

30. Thursday, December 6 • Activities: • Go over absolute and comparative advantage practice. • Foreign exchange interactive lecture • Practice • Homework: • Finish practice. • Trade test on Tuesday! Warm-up #18

31. Friday, December 7 • Activities: • FRQ • How Monetary and Fiscal Policies Affect Exchange Rates • Test review • Homework: • Trade test on Tuesday! Warm-up #18

32. Monday, December 10 • Activities: • Go over practices. • Test review • Homework: • Trade test tomorrow! Warm-up #19 (turn in today)

33. Tuesday, December 11 • Activities: • TEST • Homework:

34. Wednesday, December 12 • Activities: • SSR • Homework: • Connections packet – due at the end of the period on Friday! No warm-up!

35. Thursday, December 13 • Activities: • Connections packet – due at the end of the period on Friday! • Homework: No warm-up!

36. Friday, December 14 • Activities: • Connections packet – due at the end of the period! • Exam review • Homework: No warm-up!