Jan 10

Economics – 1/11/19

I.  Bellwork on iLearn

II.  Objectives:

  • Review and discuss topics covered on the final exam.
  • Analyze economic problems and construct written responses which explain the issues and provide accurate solutions

III. Turn in Your Books on Monday or receive a $80 delinquency’

IV.  What to study:

A.  Final Exam Review Sheet on iLearn

B.  Economics – Post Test  on iLearn

C.  Short Answer/Essay Review: Final Exam Questions  (20  points)

D.  Problem:  (20 Points) – Create and label graph – identify surplus, shortage & equilibrium

Equilibrium picture 2

Equilibrium picture

V.  Classwork

A.  Construct a graph to illustrate cost-push inflation

B.  Construct a graph to illustrate demand -pull inflation

C. Draw the table below and construct the graph label equilibrium quantity and price

D.  Draw a simple supply and demand graph and explain where a price ceiling would be located and who benefits from it.

E. Draw a simple supply and demand graph and explain where a price floor would be located and who benefits from it.

VI.  Exam:   Monday –     Multiple Choice

Tuesday –  Questions and graphs

Jan 10

Economics – 1/10/19

I.  Bellwork

A.  Provide 2 examples explaining how fiscal policy can be used to slow down (contract) the economy

B.  Provide 3 examples explaining how monetary policy can be applied to slow down (contract) the economy

II.  Objective

  • Apply knowledge economic concepts to various problems to assess understanding

III.  Classwork

  • Post Test on Precision Exams (Extra 5 summative if you earn a certificate)

IV.  Study the Review Sheet over the weekend – Final Exam Review Sheet

Jan 08

AP Economics – 1/09/19

I.  Bellwork

.  Page 768 MC 1-5

II.  Objectives:

  • Define poverty and describe its causes and consequences
  • Explain how income inequality in America has changed over time
  • Discuss how Social Security and similar programs affect poverty and income inequality

III.  Discussion Income Inequality & Income Distribution P.770-781

A.  The Problem of Poverty

  1. Trends in Poverty
  2. Who Are the Poor?
  3. What Causes Poverty?
  4. Consequences of Poverty

B.  Economic Inequality

C.   Economic Insecurity

D.  U.S. Antipoverty Programs

  1. Means-Tested Programs
  2. Social Security and Unemployment Insurance
  3. The Effects of Programs on Poverty and Inequality

E.  The Debate over Income Redistribution

  1. Problems with Income Redistribution
  2. The Politics of Income Redistribution

IV.  Classwork

  • 78.1 WS
  • 78.2 WS
Jan 08

Economics – 1/09/19

I.  Bellwork

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

II.  Objectives

  • Review concepts and discuss how fiscal policy is used to achieve the basic economic goals of society.
  • Identify how the Federal Reserve uses monetary policy as a means to achieve macroeconomic goals

III.   Chapter 13 Review Notes:

  • Three Main Economic Goals
  • What happens during a Recession and during Expansion?

  • Deflation – Good or Bad?

  • Two Main Problems with the Unemployment Rate

  • How the Government Use Fiscal Policy to accomplish Economic Goals?

  IV.  Monetary Policy

V.  Exit Ticket

VI.  Final Exam:

  • Monday & Tuesday
Jan 08

Economics – 1/09/19

I.  Bellwork

  1. P.360 Examining the NewsClip 1-2 Q&A
  2. 365  Cartoon:  What type of inflation is the father discussing? Explain

II.  Objective

  • Apply the criteria for being unemployed and using various scenarios classify different types of unemployment including frictional, structural, and cyclical.
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.  Discussion  13-3 Unemployment pgs. 369-375

IV.  Notebook Work:

  • Circle Map – Unemployed
  • Types of Unemployment Diagram

V . Classwork

Jan 07

Economics 1/07/19

  I.  Bellwork: Why the Fed Worries Inflation Is Too Low Q&A

A.   Based upon the article:

  1. Summarize what the Fed was planning to do.
  2. Explain the methods they will employ.
  3. Explain the reason the Fed believes this action is necessary.
  4. What did you learn about inflation from this article?

II. Objective

  • Analyze the circumstances behind the various type of inflation that have occurred over  time.
  • Provide an accurate summary that makes clear the relationships among the key details and ideas.

III. Discussion  13-2 Inflation

IV.  Classwork

  • Page 361 11 Terms
  • Page 367 Q&A 2 & 4-7
Dec 21

Economics – 12/21/18

I  .Bellwork: Q&A

Inflation Rate Graph

  1. What is the topic of the graph?
  2. What do the x-axis and y-axis represent?
  3. What are some observations you can make based on the graph?
  4. What do you believe may happen in 2015? Explain.

II.  Objective:

  • Identify how inflation is measured, the causes of inflation, and its impact on the economy.
  • Differentiate between the types and causes of inflation through discussion and construction of thinking maps.

III.  Discuss 13-2 Inflation pages 361-367

IV.  Notebook Work

Inflation Cause and Effect

V.  Classwork

VI.  Small Quiz on iLearn – Business Cycle