Monday
1/24

Activities:

• PPC Curves: increasing, constant, zero opportunity costs (Mic1-2)
•  Differentiate between a Change in Demand (the Curve Moves) vs. a Change in Quantity Demanded (Qd)  (Vis1-5)  (same idea w/ Supply) (Vis1-7)
• Comparative & Absolute Advantage,  leading to
  Specialization
  
• Input Method Vis1-4 (under) & Output Method  Vis1-3 (over)

Homework:

return to previous month's plans

Tuesday
1/25

Activities:

• finish with yesterday's material
  

Homework:

•  Study for Quiz on Basic Concepts

Wednesday
1/26

Activities:

• (6th Block)  No Class
• (3rd & 5th Block) Quiz on Basic Concepts
  
• ----
• Ch. 21 Slideshow Measuring Domestic Output)
• Define: GDP
• What's included, excluded in GDP
• Non-Production Transactions
• Complete Macro Activity 2-1 & 2-2

Homework:

• JSlo Video 2 : Ch. 21 PPT (Measuring Domestic Output [GDP] ) (11:11)
  

Thursday
1/27

Activities:

• (3rd & 5th Block)  No Class
• (6th Block) see yesterday

Homework:

• Finish Macro Activity 2-1 & 2-2

Friday
 1/28

Activities:

• Discuss Macro Activity 2-1 & 2-2
• Shortcomings of GDP (p. 428)
• Nominal GDP vs. Real GDP
• Complete Activity 2-3
• ---------------------------------------
• per-capita GDP,  CPI, PPI
• GDP Price Deflator
• who is helped & hurt by unanticipated inflation

Homework:

• Complete Activities 2-3, 2-4 & 2-5
  

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calendar

Monday
1/31

Activities:

• Inflation Slideshow
• Review Activities 2-3, 2-4 & 2-5
• CPI FAQ (interesting)

Homework:

• ACDC Macro 2-6 Business Cycle (1:33)
• ACDC Macro 2-5 Unemployment & the Natural Rate of Employment (1:55)
• ACDC Macro 2-2 Nominal & Real GDP (1:42)
  
• ACDC Macro 2-3 GDP Deflator Practice (3:47)
• Optional Reading Ch. 23 (pp. 457-466)
   
• 
  

return to previous month's plans

Tuesday
2/1

Activities:

• Discuss 2-4 & 2-5
• weaknesses of per capita GDP and CPI
• -----------------------------------
• 
  

Brief Overview

• the Business Cycle
• Ch. 23 Slide Show
  (Businesss Cycles-Unemployement-Inflation)
• Unemployment: Frictional, Structural, Cyclical, & Seasonal
• Natural Rate of Unemployment
• CPI FAQ (interesting)
  
• 
  

Homework:

• Study for:
  Quiz on Measuring Economic Performance
  
• Macro Unit 2  MC Answers
• Macro Unit 3 MC Answers
• --------------------------------------------------
• Complete:  
  AP Classroom Unit 1 MC Progress Check
  AP Classroom Unit 2 MC Progress Check
  (Unit 2 useful for practicing for Wed Quiz)
• 
  

Wednesday
2/2

Activities:

• (3rd & 5th Block) 
• Quiz on Measuring Economic Performance

"Aggregate Demand Day" #1

• Ch. 26 PPT
• The Aggregate  Demand Curve (Wealth, Interest Rate, & Foreign Purchases Effects)

• shared Aggregate Demand-Supply Determinants (boot donkey p. 522)
  
  Explained The AD Determinants
  
• worked on 3-1
• (6th Block)  No Class
• 
  

Homework:

• -------------------------------
• ----------------
  
• ACDC Macro 2-7 The Unemployment Game Show: Are you 'Really' Employed? (2:10)
        (-----------------WORTHY----------------)
• ACDC Macro 3-1 Aggregate Demand & Supply & LRAS (3:26)
  
• Read (Ch 26 pp. 521-530) 
  Aggregate Demand/Supply &
  Changes in Agg. Demand/Supply

Boot Donkey Handout #2


• Complete 3-1 & 3-3

Thursday
2/3

Activities:

• Snow Day !!
  

Homework:

Friday
2/4

Activities:

• Snow Day !!
  

Homework:

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Monday
2/7

Activities:

• (3rd & 5th Block)  No Class
  
• (6th Block) 
• Quiz on Measuring Economic Performance

"Aggregate Demand Day" #1

• Ch. 26 PPT
• The Aggregate  Demand Curve (Wealth, Interest Rate, & Foreign Purchases Effects)
• shared Aggregate Demand-Supply Determinants (boot donkey p. 522)
  
  Explained The AD Determinants
  
• worked on 3-1

Homework:

Required

• Watch JSlo Video:  Concepts Including:
  Quick Review of Agg. Demand & Determinants, Agg. Supply & Determinants, Personal Income (PI),  Disposable Income (DI),  Marginal Propensity to Consume (MPC), Marginal Propensity to Save (MPS), Spending Multiplier,
  
  

• Complete 2-6 (types of Unemployment)
  

return to previous month's plans

Tuesday
2/8

Activities:

• "Aggregate Demand Day" #2

• Review Agg. Supply Determinants
• Complete Activity  3-2
• Personal Income (PI), Disposable Income (DI)
• Introduced Aggregate Supply
• Determinants of AS curve 
  fig. 26-6 (p. 529) [moves curve]
• Nominal Income & Real Income,
• Reviewed MPC & MPS & APC & APS
• Discuss 3-1 &
• Discussed the Spending Spending Multiplier

Homework:

• Review Quiz (19th ed.)  (good review for quiz)
  

• Practice Quiz in AP Classroom
  

• ACDC Macro 3-9 Calculating the Multiplier (1:50)
• ACDC Macro 3-8 Multiplier Effect, MPC & MPS (2:17)
• ACDC Macro 3-10 Multiplier & Spending Practice (2:03)
• ACDC Macro 3-11 Multiplier & Taxes Practice (3:21)
• 
  Read Ch. 24 pp. 478-483
  (Income-Consumption & Savings Relationship)
   (MPC & MPS & Spending Multiplier
  
• Quiz tomorrow on  (Agg. Demand/Supply, Bus. Cycle, Unemployment, MPC & MPS, Spending Multiplier
•  Practice Questions for Macro MC test

Wednesday
2/9

Activities:

• (6th Block)  No Class
• (3rd & 5th Block) 
• Quiz on components of GDP,  Unemployment, Bus. Cycle, MPC & MPS, Multiplier
  
• Visual 3-6  The Effects of Shifts in Aggregate Demand
• 3 Ranges of Aggregate  Supply Curves
• Discuss Activity 3-2
•  
--------------------------------
• Reviewed MPC & MPS & Spending Multiplier & Tax Multiplier  (also discussed APC & APS)
• ----------------------------
• Finish Tax Multiplier & Balanced Budget Multiplier (good examples w definition)
• Balanced Budget (good visual example)
• -----------
• Writing on board during class
  (of Balanced Budget Multiplier & GDP Gaps)
  
• Recessionary Gap & Inflationary Gap
• Okun's Law & GDP Gap
• Inflation: Demand-Pull (Range 1,2,3) & Cost Push  (Wage Push, Supply Shock)
  
• LRAS & FE and Natural Rate of Unemployment
• Visual 3-7  The Effects of Shifts in Aggregate Supply
• Visual 3-5  The Equilibrium Price Level & Output
• Visual 3-6  The Effects of Shifts in Aggregate Demand
• ------------

Homework:

Thursday
2/10

Activities:

• (3rd & 5th Block)  No Class
• (6th Block) see yesterday

Homework:

Required

• Complete Activity 3-4 & 3-5 & 3-6
  
• Read Ch. 26 pp. 530-536 in the online textbook and Answer questions in Quick Quiz on p. 531
  
• Complete Practice Quiz on Canvas
  "Agg. Demand & Supply Practice Questions"
  
• ----------------------------------
• Complete 3-7 & 3-8, & 3-9
  

MUST know how to calculate
CPI & GDP Deflator

• ACDC Macro 3-1A AD, AS, & LRAS (Additional version) (4:25)

Friday
2/11

Activities:

• Finish Tax Multiplier & Balanced Budget Multiplier (good examples w definition)
• Balanced Budget (good visual example)
• -----------
• Writing on board during class
  (of Balanced Budget Multiplier & GDP Gaps)
  
• Recessionary Gap & Inflationary Gap
• Okun's Law & GDP Gap
• Inflation: Demand-Pull (Range 1,2,3) & Cost Push  (Wage Push, Supply Shock)
  
• LRAS & FE and Natural Rate of Unemployment
• Visual 3-7  The Effects of Shifts in Aggregate Supply
• Visual 3-5  The Equilibrium Price Level & Output
• Visual 3-6  The Effects of Shifts in Aggregate Demand

Homework:

• Study for Macro Test #1:
  Measuring Economic  Performance & Agg. Demand/Supply next Wednesday 2/17
  
  

Highly  Recommended

• Complete 3-5 & 3-6 & 3-7 & 3-8, & 3-9
  (good practice)

• Finish:
  APC Unit 2 ProgCh FRQs & Unit 3 Prog Ch FRQs
  

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Monday
2/14

Activities:

• (Block) No School 
  "Super Monday"
  

Homework:

• Watch JSlo Video (1:47) covers Okun's Law & GDP Gap

Highly  Recommended

• Complete 3-5 & 3-6 & 3-7 & 3-8, & 3-9
  (good practice)
  
  
• Go to AP Classroom and spend time doing practice questions

Tuesday
2/15

Activities:

Homework:

• Study for Macro Test #1:
  Measuring Economic  Performance & Agg. Demand/Supply next Wednesday 2/17
• Must Know: 
    -  how we measure inflation
        (Demand Pull & Cost-Push)
    -  impact of inflation on different groups
        (Who is helped and Who is hurt?)
    -  Price Indexes & HOW TO CALCULATE THEM
        (both CPI and the GDP Deflator)
    -  the characteristics of the Business Cycle
    -  Unemployment (diff. types)
    -  How Unemployment is measured & its impact on GDP
    -  Real vs. Nominal GDP
    -  Why is AD down sloping?
    -  Aggregate Demand & Aggregate Supply & their Determinants
    -  Spending Multiplier, Tax Multiplier, Balanced Budget Multiplier
    -  MPC, MPS
    -  Short Run Equilibrium & Long Run Equilibrium
    -  GDP Gaps:  Recessionary & Inflationary

• (Fiscal Policy & Automatic Stabilizers are NOT INCLUDED in tomorrow's test)

Wednesday
2/16

Activities:

• Macro Test #1: Measuring Economic  Performance & Agg. Demand/Supply

Homework:

Thursday
2/17

Activities:

•  No School

Homework:

Friday
2/18

Activities:

•  No School

Homework:

• Print Unit 4 Visuals
• Complete 4-1

• Watch & take notes in preparation for next Tuesday 2/22:
  ACDC Macro 4-1 Money Market & Fed Tools (Types of Demand for Money) (Monetary Policy) (5:21)

• ACDC Video 4.1 & 4.3 Financial Assets & Money