AP Economics March Assignments (26-29)

AP Economics

	Monday 2/21	Activities: No School President's Day	Homework: Required ACDC Video 4.1 & 4.3 Financial Assets & Money (5:53) Complete 4-1
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	Tuesday 2/22	Activities: Characteristics of Money 3 Main Functions of Money Fiat Money vs. Commodity Money Discuss 4-1 term "liquidity" Transaction & Asset Demand (putting $$ in "back pocket") for Money (Key Graph 30-1 p. 606)	Homework: Required Watch: ACDC Macro 4-4 Money Multiplier & Reserve Requirement (4:11) Complete Activity 4-3 & 4-4

	Wednesday 2/23	Activities: Quick Review of Money Market (Vertical Supply & Demand for Money) difference between Money & Credit Cards M1 & M2 & M3 Overview of Ch. 28 Slide Show Federal Reserve: responsibilities, structure (briefly) Fractional Reserve Banking Introduce: Monetary Multiplier , (aka Deposit Multiplier) go through an example. Leakages from Multiplier Effect - some of loans held in cash by public - banks choose not to loan out all excess reserves - insufficient demand for loans at mkt. int. rates	Homework: Required Complete Activity 4-3 & 4-4 Watch: JSlo Video: Money Market & Loanable Funds (14:00) ACDC Macro Unit 4 Intro - Monetary Policy (1:53 Bring Computers to Class

	Thursday 2/24	Activities: (6th Block) Begin Monetary Policy Textbook Registration Link I will post Code on the Board https://connect.mheducation.com/class/j-slonim-2021-2022-macro-2nd-semester Begin 3 Main Tools of Monetary Policy: Reserve Requirement, Discount Rate, Open Market Operations Vis. 4.4 How the Fed Controls the Money Supply Monetary Easy-Tight Policies, (Vis. 4-5 Expansionary Policy) & (Vis.4-6 Contractionary Policy) Briefly introduce Inverse relationship b/t change in Interest Rates & Bond Prices (for previously sold Bonds) ----------------------------------- Discuss 4-3 & 4-4 (Fed & Central Banking) Introduce Loanable Funds Mkt. Leakages from Multiplier Effect - some of loans held in cash by public - banks choose not to loan out all excess reserves - insufficient demand for loans at mkt. int. rates (3rd & 5th Block) No Class	Homework: Activity Book Unit 4 MC Answers

	Friday 2/25	Activities: (3rd & 5th Block) See yesterday (6th Block) No Class	Homework: Complete Activities 4-5 & 4-7 Complete both APC Progress Check FRQs APC Progress Check FRQ Anwers (also in Module in Canvas) Activity Book Unit 4 MC Answers
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	Monday 2/28	Activities: pass back tests Re-visit Inverse relationship b/t change in Interest Rates & Bond Prices (for previously sold Bonds) Investment Demand & Investment Schedule (determininants.....Exp. Rate of Return & Interest Rate) Compare Bond & Loanable Funds Markets Discuss 4-5 pass out practice FRQs (did top one on both sides)	Homework: Activity Book Unit 4 MC Answers Complete assigned practice FRQs Complete T Accounts ( 4-6 )
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	Tuesday 3/1	Activities: Discount Rate, Federal Funds Rate, Prime Rate Complete & Discuss 4-9 [ Fisher Effect (Real=Nominal - Inflation Rate) ] Began Activity 4-6 (Fed & Central Banking) Discuss answers to assigned FRQs (top 2) (Fed & Central Banking)	Homework: Required Complete remaining practice FRQs & Complete T Accounts ( 4-6 ) Optional Practice Quizzes on Textbook Site Activity Book Unit 4 MC Answers Study for Unit 4 Monetary Policy Test Friday Nothing on Activity 4-2

	Wednesday 3/2	Activities: (6th Block) Discuss Activities 4-6 (Fed & Central Banking) Discuss Activity 4-7 Discuss Activity 4-8 Monetary Equation of Exchange (MV=PQ) Discuss answers to assigned FRQs (bottom 2) (3rd & 5th Block) No Class	Homework: Complete Activity 4-8 (Fed & Central Banking) ACDC Macro 4-5 Money Multiplier Practice (3:03) Study for Unit 4 Monetary Policy Test Friday-Monday Nothing on Activity 4-2

	Thursday 3/3	Activities: (3rd & 5th Block) See yesterday (6th Block) No Class	Homework: Study for Unit 4 Monetary Policy Test Friday-Monday Practice Quizzes on Textbook Site Complete both APC Progress Check FRQs APC Progress Check FRQ Anwers (also in Module in Canvas) Google Meet Test Review Session Nothing on Activity 4-2

	Friday 3/4	Activities: Unit 4 Test on Monetary Policy MC Test	Homework:
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	Monday 3/7	Activities: Unit 4 Test on Monetary Policy FRQ Test	Homework: Complete 5-1
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	Tuesday 3/8	Activities: Hamlet....missing a few) Begin: Fiscal Policy: Taxing & Spending (impacts Demand for Money) Fiscal Policy Slide Show (Ch. 27) Expansionary (Vis. 3.14 AS/AD graph) & Contractionary Policy (Vis. 3.16 AS/AD graph) introduce "Crowding Out" Effect Crowding Out (graphs & explanation) Today's Crowding Out example (picture of the board)	Homework: Required Have Activities 5-1 & 5-2, & 5-3 Completed by next class Optional ACDC Macro 3-7 Fiscal Policy: Non-Discretionary vs. Discretionary (2:15)- ----------------------------------- ACDC Macro 4-7 Loanable Funds & Crowding Out (3:08) ACDC Macro 3-2 Inflationary & Recessionary Gaps w/Monetary & Fiscal Policy (4:04) ACDC Macro 3-3 Long Run Aggregate Supply (2:37) ACDC Macro 3-12 Economic Growth (2:33) ------------------- Watch ACDC Macro Auto-Stabilizers & Discretionary Spending (2:14) Watch: AP Classroom "Crowding Out" video (5:55) Study for Quiz on Discretionary/Automatic Spending, Taxes/Government Spending, Debt vs. Deficit, know multipliers incl. Balanced Budget

	Wednesday 3/9	Activities: (3rd & 5th Block) Discretionary Policy (Active Change) & Non-Discretionary Policy (Automatic stabilizers) Discuss Activities 5-1 & 5-2, & 5-3 Debt vs. Deficit (refers to 5-6) Complete 5-5, & 5-6 & 5-7 Reviewed Balanced Budget Multiplier (6th Block) No Class ----------------------	Homework: Complete AP Classroom Practice FRQs Set 1 (2 questions) Study for Quiz on Discretionary/Automatic Spending, Taxes/Government Spending, Debt vs. Deficit, know multipliers incl. Balanced Budget

	Thursday 3/10	Activities: (3rd & 5th Block) No Class (6th Block) See yesterday	Homework: Complete AP Classroom Practice FRQs Set 1 (2 questions) Study for Quiz on Discretionary/Automatic Spending, Taxes/Government Spending, Debt vs. Deficit, know multipliers incl. Balanced Budget

	Friday 3/11	Activities: Quiz on Discretionary/Automatic Spending, Taxes/Government Spending, Debt vs. Deficit, know multipliers incl. Balanced Budget Discuss assigned FRQs	Homework: Should already have Completed Complete Activities Monetary & Fiscal Policy Interactions 5-5, Deficit & Debt 5-6, & Crowding Out 5-7 & Discuss
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	Monday 3/14	Activities: pass back Monetary Policy Test (5th & 6th) Discuss assigned FRQs Review Crowding Out, (graphs & explanation) "Net Export Effect" (Visual Chart for Net Export Effect) Discuss Activities Monetary & Fiscal Policy Interactions 5-5, Deficit & Debt 5-6, & Crowding Out 5-7	Homework: Required Complete Ch. 32 Quiz on Textbook Site (25 questions)

	Tuesday 3/15	Activities: pass back Fiscal Policy Quiz pass out SR Phillip's Curve, LR Phillip's Curve, Rational Expectations Approach, (Handout) Briefly introduce SR Phillip's Curve (Visual 5.1) (Inverse relationship between Unemployment & Inflation) Define: Natural Rate Hypothesis: 1) Adaptive Expectations Theory 2) Rational Expectations Theory ----------------------------------------------------------------------------- Policy Effects on Supply 5-4 Vis. 4.5 Expansionary Policy) & ( Vis. 4.6 Contractionary Policy) Reminders: 1- Fiscal Policy affects the Demand for $$ & Monetary Policy affects the Supply for $$ (different effect on interest rate - with expansionary fiscal & - with expansionary monetary policy) 2- differentiate in Macro: Short Run (Nominal wages fixed when PL changes) vs. Long Run (Wages & all inputs are variable as PL changes) 3- Fed buying securities from the Treasury is most expansionary OMO	Homework: ACDC Macro 4-2 Monetary Policy and Aggregate Demand (Impact on Investment) (3:21) ACDC Macro 4-3 Graphing Monetary Policy Practice (impact on Inflationary Gap)(2:45) ACDC Macro 4-6 Interest Rates: Real vs. Nominal Practice (2:35)

	Wednesday 3/16	Activities: (3rd & 5th Block) Complete Activities 5-8 & 5-9 Complete: FRQs (#2-#3 handout) may work in pairs if desired If time permits: Complete: Practice Quizzes on Ch. 27 & Ch. 32 on textbook site ....otherwise complete as homework (6th Block) No Class	Homework: REQUIRED: Make sure all class work is completed prior to Friday's class Practice Quizzes on Ch. 27 & Ch. 32 on textbook site ________________________________________ Optional: AP Classroom Unit 5 MC Progress Check & Unit 5 FRQ Progress Check Answers to Activity Book Unit 5 MC

	Thursday 3/17	Activities: (3rd & 5th Block) No Class (6th Block) See yesterday	Homework: REQUIRED: Make sure all class work is completed prior to Friday's class ________________________________________ Optional: AP Classroom Unit 5 MC Progress Check & Unit 5 FRQ Progress Check Answers to Activity Book Unit 5 MC
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	Friday 3/18	Activities: Monetary policy for recession & inflation (tables on p. 317 & p. 324) differentiate in Macro: Short Run (Nominal wages fixed when PL changes) vs. Long Run (Wages & all inputs are variable as PL Discussed Activity 5-8 & 5-9 Long Run Phillips Curve Discuss FRQs (2013 #2 & #3 Answers)	Homework: REQUIRED: Complete FRQS handout AP Classroom FRQs #2 (3 of them) Optional: APClassroom: - Daily Video 5-1 The Phillip's Curve (7:50) - Daily Video 5-2 The Phillip's Curve (7:55)
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