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Monday
4/25 |
Activities:
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Homework:
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return to previous month's plans |
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Tuesday
4/26 |
Activities:
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Homework:
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Wednesday
4/27 |
Activities:
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Thursday
4/28 |
Activities:
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Homework:
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Friday
4/29 |
Activities:
- Music Fest
- (short class)
- Go through change on AS/AD model, impact in Loanable Funds Mkt,
impact on interest rates, impact on domestic Investment (Crowding
Out Effect), impact on trade (Net
Export Effect), impact on value of the dollar
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passed out practice MC in both Micro & Macro
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Monetary Policy Response to Recessionary Gap
- Go through change on AS/AD model, impact in Money Market & Loanable
Funds Mkt, impact on interest rates, impact on domestic Investment,
impact on trade, impact on value of the dollar
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Monetary Policy always affects the SUPPLY for Money
- Changes in Investment b/c of policy
- Understand that Response to Inflationary Gap
has exact opposite
results
-
Goals of Economy
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Fiscal Policy Response to a Recessionary Gap
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Fiscal Policy always affects the DEMAND for Money
- Changes in Investment b/c of policy
- Understand that Response to Inflationary Gap has exact opposite
results
- Capital Account =
Financial Account
- Say's Law, Okun's Law,
- Leakages: (Savings, Taxes, Xn [Exports]),
Injections: (Investment, Gov't., Xn
[Imports])
- LR & SR Phillip's Curves
- Natural Rate Hypothesis,
Adaptations Theory, Rational Expectations Theory
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Supply Side Government
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Stagflation
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Real vs. Nominal Interest Rates
- FRQ Topic
Frequency
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Homework:
Macro Review Info:
or (Money Multiplier) and its
Limitations
Inflation:
Demand-Pull
(Range 1,2,3) &
Cost Push (Wage Push, Supply Shock)
3 Main Functions of Money
Fractional Reserve Banking
Vis. 4.4 How the Fed Controls the
Money Supply
Common Mistakes on
Macro .PPT
(Outstanding !!!)
JSlo's Macro Review
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top of page |
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return to IH HS Homepage |
AP Economics Home |
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Monday
5/2 |
Activiti es:
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Homework:
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return to previous month's plans |
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Tuesday
5/3 |
Activities:
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Homework:
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Wednesday
5/4 |
Activities:
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Homework:
Goog Meet 8:00 p.m.
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Thursday
5/5 |
Activities:
- (3rd & 5th Block) No Class
- (6th Block)
Decompress....................
- Go Team........
AP Macro Test Day !
( A.M.)
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Homework:
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Friday
5/6 |
Activities:
- AP Micro Test Day !
( P.M.)
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Homework:
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top of page |
calendar |
return to IH HS Homepage |
AP Economics Home |
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Monday
5/9 |
Activities:
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Homework:
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Tuesday
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Activities:
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Homework:
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Wednesday
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Activities:
- (3rd & 5th Block)
- (6th Block) No
Class
Went over:
-
Great Review Topics
- Constant Cost vs.
Increasing Cost Industry
-
Lump Sum vs. Per Unit Tax
(picture)
-
Lump Sum & Per Unit Tax/Subsidy
(ACDC Video)
-
(Lump affects Fixed Costs & Total Costs while Per Unit affects MC,
Variable Costs, and Total Costs)
- answer questions on terms/concepts/graphs of Micro
- Price Floor &
Price Ceiling
- Surplus (Qs>Qd
at given price) & Shortages (Qd>Qs
at given price)
- Cross Elasticity (are items related, subs, comps, or independent) &
Income Elasticity (Normal
Good or
Inferior Good)
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Law of DMU (Demand),
ex. Cookies or
M&Ms
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Law of Diminishing Returns (Supply),
ex. JSlo's Pizza Palace
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Consumer
Surplus & Producer
Surplus in a
Monopoly (& compare w/ Perfect Competition) (video)
-
ACDC Micro 4-12 Dead Weight Loss (4:46)
- Taxes impacting price & quantity
- Who Bears Burden?
- MRP=MRC
- define: Derived
Demand
Marginal Product, Marginal
Revenue Product, Marginal
Resource Cost (aka
Marginal Factor Cost)
- Supply/Demand for Labor in:
Perfectly Competitive Mkt & Monopsony
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Labor Market Comparison
- Remember the 3
Rules of Production:
-
Table of Contents of ACDC Units
- passed out Graph paper and students drew major graphs & discussed
[Perfect
Competition, Pure Monopoly,
difference b/t Pure Monopoly & Natural Monopoly,
Economies of Scale]
- Answer specific questions
on terms/concepts/graphs of Micro
- Elasticity,
Mid-Point Formula
- Game Theory, Dominant Strategies,
Nash Equilibrium
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Least Cost Rule, Profit Maximizing Rule
- Maximizing Utility Rule (formula)
- Review: Demand
Determinants & Supply Determinants,
Market Structure Characteristics
- Perfect
Competition, Pure Monopoly, difference b/t Pure Monopoly & Natural Monopoly,
-
Table of Contents of ACDC Units
- answer questions on terms/concepts/graphs of Micro
- Negative
Externality, Positive Externality,
& Tax Incidence
-
Least Cost Rule
(formula)
-
Profit Max Rule
- Perfectly Competitive Labor Market &
Monopsony,
Visual
6 (The Wage Rate and Level of Employment in a Monopsonistic Labor Market)
- Wage determination in a competitive labor market
Visual 5
(The Supply of and Demand for Labor in a Competitive Labor Market)
- Bilateral Monopoly
- Impact of Unions on Wages & Quantity hired
-
Mr. Clifford on Circular Flow
- ooooooooooooooooooooooooooo
- Emphasize important concepts & graphs for Micro
Unit 1 Key
Ideas,
Unit 2 Key Ideas,
Unit 2 Review List, Unit 3 Key Ideas,
Unit
3 Review List, Unit
4 Key Ideas, Unit
4 Review List, Unit
5 Key Ideas,
Unit 5 Review List
- ------Review for Micro:
-
Review Old
Free Response Questions
- Major
Graphs of Micro
- Various terms & concepts discussed including:
- Micro Review Topics
-
Remember the 3
Rules of Production:
- Constant Cost vs.
Increasing Cost Industry
-
Lump Sum vs. Per Unit Tax
(picture)
-
Lump Sum & Per Unit Tax/Subsidy
(ACDC Video)
-
(Lump affects Fixed Costs & Total Costs while Per Unit affects MC,
Variable Costs, and Total Costs, difference between
"Diminishing Returns (MC & SR) & Economices of Scale (ATC & LR),
Negative
Externality, Positive Externality,
& Tax Incidence
(who bears burden?)
-
Least Cost Rule
(formula)
-
Profit Max Rule
-
- Completed & Discussed
2017 Micro FRQs
#1 & #3 &
2017 Answers
- Complete
2016 Micro FRQs
2016 Answers
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Practice Micro MC
(Micro answers)
- Annnounced
25 Practice Questions on Costs of
Production
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Homework:
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Thursday
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Activities:
- (3rd & 5th Block) No Class
- (6th Block) see yesterday
-
ACDCEcon Macro FRQ frequency
-
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Foreign Exchange
Rate Explanations (Youtube)
-
Differentiate b/t Monetary & Fiscal Policy
- Multipliers.........
- Micro Review Materials:
- Game Theory, Dominant Strategies,
Nash Equilibrium
-
Least Cost Rule, Profit Maximizing Rule
- Maximizing Utility Rule (formula)
- Review: Demand
Determinants & Supply Determinants,
Market Structure Characteristics
- Perfect
Competition, Pure Monopoly, difference b/t Pure Monopoly & Natural Monopoly,
-
Table of Contents of ACDC Units
- answer questions on terms/concepts/graphs of Micro
- Negative
Externality, Positive Externality,
& Tax Incidence
-
Least Cost Rule (formula)
-
Profit Max Rule
- Perfectly Competitive Labor Market &
Monopsony,
Visual
6 (The Wage Rate and Level of Employment in a Monopsonistic Labor Market)
- Wage determination in a competitive labor market
Visual 5
(The Supply of and Demand for Labor in a Competitive Labor Market)
- Bilateral Monopoly
- Impact of Unions on Wages & Quantity hired
-
Mr. Clifford on Circular Flow
- ----------------------
-
Constant Cost vs.
Increasing Cost Industry
-
Lump Sum vs. Per Unit Tax
(picture)
-
Lump Sum & Per Unit Tax/Subsidy
(ACDC Video)
-
(Lump affects Fixed Costs & Total Costs while Per Unit affects MC,
Variable Costs, and Total Costs)
-
answer questions on terms/concepts/graphs of Micro
- Price Floor &
Price Ceiling
- Surplus (Qd>Qs
at given price) & Shortages (Qd<Qs
at given price)
- Cross Elasticity (are items related, subs, comps, or independent) &
Income Elasticity (Normal
Good or
Inferior Good)
-
Law of DMU (Demand),
ex. Cookies or
M&Ms
-
Law of Diminishing Returns (Supply),
ex. JSlo's Pizza Palace
-
Consumer
Surplus & Producer
Surplus in a
Monopoly (& compare w/ Perfect Competition) (video)
-
ACDC Micro 4-12 Dead Weight Loss (4:46)
- Taxes impacting price & quantity
- Who Bears Burden?
- MRP=MRC
- define: Derived
Demand
Marginal Product, Marginal
Revenue Product, Marginal
Resource Cost (aka
Marginal Factor Cost)
- Supply/Demand for Labor in
Perfectly Competitive Mkt
- Monopsony
-
Labor Market Comparison
-
Remember the 3
Rules of Production:
-
Table of Contents of ACDC Units
- ooooooooooooooooooooooooooooooooo
-
List
of Sites for practice Micro MC Questions
- Concepts covered
included:
- Elasticity
- Mid-Point Formula (make sure to study this)
- Economic Rent Activity
Answers
- Supply/Demand for Labor in:
Perfectly Competitive Mkt & Monopsony
-
Labor Market Comparison
- Impact of Union negotiation
(goals of
Unions matter) on wages/quantity of labor employed
- Remember the 3
Rules of Production:
-
2011 B Micro FR (we did all 3)
(short
class b/c of MusicFest)
- Good site
for Review (Welker)
-
Characteristics of Market Structures
- Monopolistic Competition earning an Economic Profit in the SR and an
Economic Loss in SR, and Zero Economic Profit in LR Equilibrium
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Friday
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Activities:
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Homework:
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calendar |
return to IH HS Homepage |
AP Economics Home |
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Monday
5/16 |
Activities:
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Homework:
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Tuesday
5/17 |
Activities:
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Homework:
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Wednesday
5/18 |
Activities:
- P.S. NO Careless Boo Boos!
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Homework:
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Thursday
5/19 |
Activities:
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Homework:
- bring textbooks to class tomorrow
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Friday
5/20 |
Activities:
Graduation
and there they go
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Homework:
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return to IH HS Homepage |
AP Economics Home |
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Monday
5/23 |
Activities:
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Tuesday
5/24 |
Activities:
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Wednesday
5/25 |
Activities:
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Homework:
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Thursday
5/26 |
Activities:
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Homework:
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Friday
5/27 |
Activities:
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Homework:
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top of page |
calendar |
return to IH HS Homepage |
AP Economics Home |
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Monday
5/30 |
Activities:
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Homework:
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Tuesday
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Activities:
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Homework:
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Wednesday
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Activities:
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Homework:
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Thursday
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Activities:
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Homework:
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Friday
|
Activities:
|
Homework:
|
top of page |
calendar |
return to IH HS Homepage |
AP Economics Home |