AP Economics
AP Economics – 4/25/19
I. Bellwork Understanding Trade Deficits Identify Pros and cons related to trade deficits in the article. Provide your opinion on whether deficits are good or bad and why? II. Objectives Identify the components of the current and financial accounts and analyze their relationship Construct economic models to demonstrate the flow of money (investment) between countries […]
AP Economics – 4/24/19
I. Bellwork: Grapefruit Olives Country X 10/tons 40/tons Country Y 15/tons 30/tons Q&A Explain your answer and show/compare both mathematical relationships Which country has the absolute advantage in producing grapefruit? Which country has the absolute advantage in producing olives? Which country has the comparative advantage in producing grapefruit? Which country has the comparative […]
AP Economics – 4/22/19
I. Bellwork: Summarize: Adam Smith Quote Explain how it relates to present day economies and countries II. Objective: Examine how absolute and comparative advantage is determine and how these advantages are applied to create beneficial trade. Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes […]
AP Economics – 4/18/19
I. Objectives: Analyze, interpret, and construct economic models demonstrating the short run and long run impact of fiscal policy on a economy not operating at potential output. Identify communicate the proper application of fiscal policy and the multiplier based upon various scenarios. II. Section 4 Exam FRQ Multiple Choice
AP Economics – 4/17/19
I. Bellwork Page 216 MC 1-5 & Page 217 FRQ #2a-c II. Objectives Analyze and create economic models which require the use of fiscal policy to adjust recessionary and inflationary gaps. Determine the short run and long run impact of fiscal policy Review for exam III. Section 4 Exam Tomorrow Modules 16-21 IV. Have your notebook prepared V. Classwork […]
AP Economics – 4/16/19
I. Bellwork Page 209 MC 1-5 & Page 210 FRQ #2 II. Objectives •Explain why fiscal policy has a multiplier effect •Describe how automatic stabilizers influence the multiplier effect III. Discussion Fiscal Policy & Multiplier Effects pgs. 211-215 A. Multiplier Effects of an Increase in Government Purchases of Goods and Services Spending multiplier = 1/(1-MPC) […]
AP Economics – 4/15/19
I. Bellwork Page 200 MC 1-5 & FRQ #2 II. Objectives Discuss how the AS–AD model is used to formulate macroeconomic policy Explain the rationale for stabilization policy Describe the importance of fiscal policy as a tool for managing economic fluctuations Identify the policies that constitute expansionary fiscal policy and those that constitute contractionary fiscal policy […]
AP Economics – 4/12/19
I. Bellwork iLearn 19 Exit ticket (Answer & Graph) II. Objectives Construct and interpret economic modules for short run aggregate demand and supply determine the impact of positive and negative shocks. Construct and interpret economic modules to determine the impact on long run aggregate supply resulting from positive and negative shocks.to short run aggregate demand and […]
AP Economics – 4/11/19
I. Bellwork Page 191 FRQ #2 II. Objectives Explain the difference between short-run and long-run macroeconomic equilibrium Describe the causes and effects of demand shocks and supply shocks Determine if an economy is experiencing a recessionary or an inflationary gap and explain how to calculate the size of an output gap III. Discuss Video Assignment […]
AP Economics – 4/08/19
I. Bellwork Page 178-179 Tackle the Test 1-5 & p. 171 #2 II. Objectives: Use the aggregate supply curve to illustrate the relationship between the aggregate price level and the quantity of aggregate output supplied in the economy Identify the factors can shift the aggregate supply curve Explain why the aggregate supply curve is different […]