Feb 04

AP Macro – 2/05/2020

I.  Bellwork

A.   Which of the two measures listed below do you believe is the best for determining unemployment?  Explain

II.Objectives

  • Calculate the unemployment rate by interpreting and analyzing numerical data.
  • Analyze various scenarios to Identify the type of unemployment involved.

III.  Classwork

  • 2.2 Unemployment Practice
  • Module 12 & 13 Questions
Feb 04

AP Macro – 2/04/2020

I.  Bellwork:  Please, can someone brief the president on the unemployment rate?

  1.  What statement did President Trump make about unemployment?
  2.  Explain what the problem is with this statement.

II.  Objectives

  • Explain the 3 different types of unemployment and their causes
  • Identify the factors that determine the natural rate of employment

III.  Cause and Categories of Unemployment pages 129-137

A.  The Natural Rate of Unemployment

  1. Job Creation and Job Destruction
  2. Frictional Unemployment
  3. Structural Unemployment
  • Minimum Wages
  • Unions
  • Efficiency Wages
  • Side Effects of Public Policy

4. The Natural Rate of Unemployment

5. Changes in the Natural Rate of Unemployment

  • Changes in Labor Force Characteristics
  • Changes in Labor Market Institutions
  • Changes in Government Policies

IV.   Videos/Notes

  1. Types of Unemployment
  2.  Flash Cards – Labor Force

V.   Classwork

  • 13.3 & 13.1
Jan 30

AP Macro – 1/31/2020

I.  Bellwork

  • Kahoot – What is GDP?

II.  Objectives

  • Differentiate between real and nominal GDP
  • Explain why real GDP is the appropriate measure of real economic activity

III.  Discussion:  Interpreting Real GDP Pgs115-119

A.  What GDP Tells Us

B.  Real GDP: A Measure of Aggregate Output

  1. Calculating Real GDP

     Robert F. Kennedy challenges Gross Domestic Product

V.  Participation Work

  • 11.1 Activity

VI.  Classwork/Homework on iLearn

  • Worksheet 11.3 & 2.4
  • Section 11 Questions
Jan 29

AP Macro – 1/30/2020

I.  Bellwork

A. Explain the message of this cartoon?

B. What is your opinion of the cartoon?

II.   Objectives:

  • Explain how economists use aggregate measures to track the performance of the economy
  • Interpret the circular flow diagram of the economy
  • Define and calculate GDP

III.  Discussion/Notes

A.  The Circular – Flow Model

  1. The Simple Circular Flow Model

2. The Expanded Circular-Flow Model

B. Gross Domestic Product

  1. Measuring GDP as the Value of Production of Final Goods and Services
  2. Measuring GDP as Spending on Domestically Produced Final Goods and

C.  Services

  1. Measuring GDP as Factor Income Earned from Firms in the Economy
  2. GDP: What’s in and What’s Out?

IV.  Videos

V.  Classwork on iLearn

  • 10.1 & 10.2 WS  
  • Module 10 Questions

Jan 28

AP MacroEconomics – 1/29/2020

I.  Bellwork

  • Explain the symptoms of an economy that is doing poorly.

II.  Objectives:

  • Analyze the stages in the business cycle, their impact on the economy.
  • Explain the 3 main economic goals in relation to the stages of the business cycle.

III.  Introduction to Macro Economics Pages 10-15

A.  Analyze the Business Cycle

B.  Three Main Economics Goals

  1. Low Unemployment
  2. Price Stability
  3. Economic Growth

IV.  Classwork

  • Worksheet 2.1: Questions for “The Business Cycle” Video
  • Page 15 Check Your Understanding 1-2
  • Page 15 MC 1-5

V.  Homework on iLearn Module 2 Questions

Jan 26

AP MacroEconomics – 1/27/2020

I.  Bellwork

   A.   Google Classroom  – NetFlix Article

II.  Objectives:

  • Analyze, create models, and explain  (using data from PPCs or tables as appropriate) how specialization according to comparative advantage with appropriate terms of trade can lead to gains from trade.
  • Create and explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity demanded and/or quantity supplied
  • Demonstrate the effect of a change in an economic situation  (equilibrium) on an accurately labeled graph or visual.

III.  Classwork: On iLearn

IV.  Unit 1 Quiz Tomorrow

Jan 23

AP Economics – 1/24/2020

I. Bellwork

Summarize what happened and why? Explain the economic impact of the decision and provide your opinion

A Luxury Dish Is Banned, and a Rural County Reels

II. Objectives:

  • Explain (using data from PPCs or tables as appropriate) how specialization according to comparative advantage with appropriate terms of trade can lead to gains from trade.
  • Explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity demanded
  •  Explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity supplied
  • Demonstrate the effect of a change in an economic situation  (equilibrium) on an accurately labeled graph or visual. 

III. Classwork On AP Classroom:

  • Macro Supply-Demand-Equilibrium
  • Progress Check Unit 1 MC & FRQ

Collaborate in analyzing and solving the problems provided

Jan 23

AP Economics – 1/23/2020

I.  Bellwork

  • Learning Goals on Google Classroom

II.  Objectives

  • Explain how scarcity and choice are central to the study of economics
  • Differentiate between positive economics and normative economics
  • Recognize when Economists agree and why they sometimes disagree
  • Determine what makes macroeconomics different from microeconomics

III.  Discussion/Overview:  Clifford PPT 1.1 Introduction

A. Individual Choice

  1. Resources are Scarce
  2. Opportunity Cost

B.  Microeconomics vs. Macroeconomics

C.  Positive versus Normative Economics

  1. When and Why Economists Disagree

IV.  Classwork on iLearn

  • AP Classroom Section 1.1. & 1.2 MC

V.  HW:  AP Classroom Section 1.3

Jan 20

AP Macro Economics – 1/21/2020

I.  Bellwork:  Based upon last semester in AP Micro Econ:

    A.  Explain what you like and what you didn’t  like about the course.

II.  Objectives:

  • Review and discuss course procedures and objectives

III. Important Dates

  • Micro AP Exam May 13 – Noon
  • Macro AP Exam May 14 – Noon
  • Senior Finals/Last Days for Seniors May 20 & 21

IV.  MBCC Expectations

VI. National Economics Challenge