AP Macroeconomics September 2, 2014

Objective: Unit 1 Topic E: The United States in the Global Economy 1. Warm up—What is comparative advantage?2. Overview of comparative advantage,

absolute advantage, specialization, and exchange.

3. Reading : Chapter 5, pages 85-99 4. Graphs: U.S trade and GDP (p86), Market for

yen (p93) Unit I Exam Wednesday

AP MacroeconomicsSeptember 2, 2014

Objective: Basic economic conceptsESLR: Critical thinkers 1. Warm up—What is an externality? 2. Externality discussed and examples3. Public goods and Market failure: Reading

(p64), questions (p66 1-7)4. Economics USA: Public goods and

responsibilities (video, questions, discussion) review

Economics—period 4September 2, 2014

Objective: Basic economic conceptsESLR: Critical thinkers 1. Warm up—What is an externality? 2. Externality discussed3. Economics USA: Public goods and

responsibilities (video, questions, discussion) review

4. Public goods and Market failure: Reading (p64), questions (p66 1-7)


Objective: Reconstruction1. Warm up—What was Reconstruction? 2. Collect brochures3. Reconstruction (reading, video, notes) 4. Page 189 (2-3)

US HistorySeptember 2, 2014

Objective: Unit 1 Exam1. Warm up—What is absolute advantage?2. Unit I Exam3. Unit 2 Topic A (discussion, notes)

HW Reading: Unit 2 Topic A


Warm ups from 8/13-today Homework from chapters 1,2, 3 USA Today worksheets (2) Supply and demand worksheet Graphs Any notes you want to turn in

Unit 1 packet

Objective: Public goodsESLR: Critical thinkers 1. Warm up—What was the TVA? (see Economics

USA worksheet)2. Who should get public assistance? (the poor,

disabled, children, elderly, unemployed) Explain. 3. Providing a safety net (reading p 67-70)4. Questions p70 (1-4, 6)5. Page 66 1-3

Quiz Friday

Economics—period 4 and 5September 3, 2014

Objective: Reconstruction1. Warm up—What was the Ku Klux Klan? What

were their 4 goals mentioned in the book?2. Review Page 189 (2-3)3. Summary of The Union in Peril (reading)4. Mathew Brady (photographing the Civil War)

1. Who is Mathew Brady? 2. Find a famous photo of his of the Civil War. Write

about it. Describe the photo and the conditions it portrays. Two paragraphs


Objective: Unit 1 Exam1. Warm up—Explain the difference between

a good and service? Give three examples of each.

2. Unit 2 Topic A and B (discussion, notes)

Read Chapter 6; answer 2,3,4,11,12,13 on page 122


Objective: Public goodsESLR: Critical thinkers 1. Warm up—What are government redistribution

programs? Give examples. 2. Questions review p70 (1-4, 6) p66 (1-3)3. Public assistance (short video, notes)4. Externality review5. Making an economic argument6. Vocabulary exercise7. Study questions for tomorrow’s quizQuiz Friday


1. What are public goods? Give an example. Explain how this public good wouldn’t be produced otherwise.

2. What are externalities? Give examples of both positive and negative externalities.

3. What is the safety net? Give examples of redistribution programs. Why do these programs make good economic sense?

Study questions

Objective: Reconstruction1. Warm up—Who was Mathew Brady? 2. Mathew Brady (reviewed)3. Summary of The Union in Peril (reading)4. Vocabulary review worksheet

Quiz tomorrow on Chapter 4


Objective: Unit 2: National Income1. Warm up—Explain the difference between

a durable and a nondurable good. Give examples.

2. Unit 2 Topic A and B (discussion, notes)3. GDP worksheet4. Chapter 6; answer 2,3,4,11,12,13 on page

122


Objective: Public goodsESLR: Critical thinkers 1. Warm up—Explain the opportunity

cost of eating tacos for breakfast. 2. Quiz 3. The People Bomb (1 and 2)4. Making an economic argument


Objective: Chapter 4 Exam1. Warm up—Why did the U.S. have a Civil

War? 2. Exam on Chapter 43. Next steps

U.S. HistorySeptember 5, 2014

Objective: Unit 2: National Income1. Warm up—List three areas of economic

activity excluded from GDP. 2. GDP worksheet3. The Business cycle4. Economics USA


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—How do we know the price

of a good is too high?2. Demand (reading, questions)3. Graphing demand4. Economics USA—Demand5. Supply


Objective: Chapter 51. Warm up—What are the Great Plains?2. Native Americans and the West (reading

p202-203)3. Items 1 and 2 on page 2114. America’s Great Indian Nations (video,

notes)Homework: Complete items 1 & 2 on page 211


Objective: Unit 2: National Income1. Warm up—Draw the business cycle. Label

the parts. Explain the purpose of the diagram.

2. The Business cycle reviewed3. Unemployment4. Economics USA reviewed

Page 144 (2, 4, 6, 9-12, 14)


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—Draw a generic demand

curve. Label the Price and quantity properly.

2. Demand (quick review)3. Supply (reading, notes, schedules and

graphs)4. Economics USA—Supply


Objective: Chapter 51. Warm up—Who was Sitting Bull?2. Sitting Bull (p204)3. Review items 1 and 2 on page 2114. Bloody Battles Continue (p206)5. Custer’s last stand (video, notes)6. Questions (p226 Main ideas 1-4)

Finish questions for homework


Objective: Unit 2: National Income1. Warm up—What is the Labor Force? 2. Unemployment quick review3. Inflation 4. How inflation changes individual and

business decisions5. Homework review (p.144 2, 4, 6, 9-12, 14)


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—Draw a generic supply curve.

Label the Price and quantity properly. 2. Supply meets demand (notes, graphs,

questions)3. Changes in supply and demand

(Reading, questions) p131 1-3HOMEWORK: p 158 Reviewing the Facts (1-8)


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—Draw a generic supply curve.

Label the Price and quantity properly. 2. Supply meets demand (notes, graphs,

questions)3. Changes in supply and demand (Reading,

questions)p131 1,2,4 and 7HOMEWORK: p202 Recalling facts and Ideas (1-10)


P Q

$5 25

$10 17

$15 10

$20 3

Graph the following schedules for ollygoggles on your graphing paper

P Q

$5 5

$10 10

$15 15

$20 20

1. At what price will 15 ollygoggles be demanded?

2. At what price will 12 ollygoggles be supplied?3. What happens in the market at a price of $5? 4. What happens in the market at a price of $15?5. What is the quantity demanded of ollygoggles

at $12.50?6. What is the equilibrium price of ollygoggles?

Questions

Objective: Chapter 51. Warm up—What happened at the Battle of

Little Big Horn?2. Homework Questions (p226 Main ideas 1-

4) 3. Chapter 5 summary (reading, questions)4. Chapter 5 worksheet5. Review


Objective: Unit 2: National Income1. Warm up—What is the CPI? 2. How inflation changes individual and

business decisions3. Macroeconomic relationships4. Homework review (p.144 2, 4, 6, 9-12, 14)

EXAM on Unit 2 Wednesday September 17


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—The equilibrium price of

ollygoggles is $12.50. What happens if the price drops to $10.00? Draw a graph representing this situation.

2. I am a pencil. (video, notes) 3. Supply and demand quick review4. Homework check5. Changes in supply and demand (Reading,

questions)

Economics—periods 4 and 5September 11, 2014

Objective: Chapter 51. Warm up—What was the Dawes Act? 2. Chapter 5 summary continued (reading,

questions)3. Chapter 5 worksheet review4. Chapter 5 assessment


Steven Clotzman Room G-11

6:07 – 6:19 pm Period 2 AP Macroeconomics 6:24 – 6:36 pm Period 3 AP Macroeconomics 6:41 – 6:53 pm Period 4 Honors Economics 6:58 – 7:10 pm Period 5 Economics 7:15 – 7:27 pm Period 6 U.S. History

Welcome Parents!

Objective: Unit 2: National Income1. Warm up—Explain the relationship between the rate of

inflation and interest rates. 2. Macroeconomic relationships3. Homework review (p.144 2, 4, 6, 9-12, 14) 4. Is Wal-Mart good for America?

HOMEWORK ECONOMICS: Go to www.mrclotzman.com Watch the video on YouTube OR PBS FrontlineSummarize the debate over Wal-Mart. Answer the question: Is Wal-Mart good for America? What are the pros and cons of Wal-Mart as a retail giant? What business practices give them a competitive edge in the marketplace? (3 paragraphs)



http://www.mrclotzman.com/

Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—What does it mean to say no one person

knows how to make a pencil? 2. Normal v Inferior goods3. Supply and demand review4. Is Wal-Mart good for America? (video, notes, homework)HOMEWORK ECONOMICS: Go to www.mrclotzman.com Watch the video on YouTube OR PBS Frontline

Summarize the debate over Wal-Mart. Answer the question: Is Wal-Mart good for America? What are the pros and cons of Wal-Mart as a retail giant? What business and practices give them a competitive edge in the marketplace? (3 paragraphs)



Objective: Chapter 51. Warm up—Why did Native Americans

resist assimilation into white culture? 2. The Dawes Act examined (video, notes) 3. Chief Joseph (reading, questions)

https://www.youtube.com/watch?v=eKze102dlPg




Objective: Unit 2: National Income1. Warm up—What is the multiplier effect? 2. Collect Homework: Is Wal-Mart good for

America? 3. Economics USA: John Maynard Keynes4. Macroeconomic relationships and the

Multiplier effect

HOMEWORK ECONOMICS: p163-164 (3-10)EXAM on Unit 2 Wednesday September 17


1MULTIPLIER= ------

1 - MPC

1. Explain the effect of $25 billion in additional government spending with an MPC of 80%.

2. Explain the effect of $50 billion reduction in government spending with an MPC of 75%.

3. Explain the effect of $275 billion additional spending in the economy with a MPC of 60%

4. Explain the effect of rising unemployment that accounts for a $125 billion reduction in household incomes with a MPC of 66%.

5. Explain the effect of $75 billion in additional unemployment benefits with a MPC of 90%.

The multiplier

Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—How does income influence

the demand for a good? 2. Collect Homework: Is Wal-Mart good

for America? (video, notes, homework)3. Supply and Demand practice review4. Supply and demand worksheet


Objective: Chapter 6: Industrial revolution1. Warm up—What do the words “rural” and

“urban” mean? 2. Letter from the factory3. Industrialization (video)4. Book on Industrialization. Three sections

and a map. Population growth5. Grade test


Objective: Unit 2: National Income1. Warm up—Explain why a $10,000,000,000

reduction in food stamps might be bad economics.

2. Multiplier reviewed3. Homework review4. Examine the effect of $10,000,000,000 in

tax cuts



Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—A reduction in the number

of workers will have what effect on the overall supply of a good? Draw the appropriate graph.

2. Supply and demand worksheet3. Review


Objective: Chapter 6: Industrial revolution1. Warm up—What is industrialization? 2. Industrialization (video)3. Your book on Industrialization.

a) Three sections b) A map c) A graph showing some data changed) Pictures.

4. A letter from the factory


Objective: Unit 2: National Income1. Warm up—Explain the relationship

between Consumption and Savings.2. Unit 2 Exam3. Unit 3 introduced

READING: Unit 3 Topic A


Warm upsHomework for chapters 6, 7, and 8WS on Econ USA, GDP, and inflationAdditional notesExercise for multiplier

Unit 2 packet

Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—People who can’t afford

ollygoggles often go to fortune tellers. What effect will a drop in the price of ollygoggles have on the overall demand for fortune telling? Draw the appropriate graph.

2. Review Supply and demand worksheet3. Economics USA: What sets the price?


Objective: Chapter 6: Industrial revolution1. Warm up—What advantages in production

do machines have over people? 2. Your book on Industrialization.


3. A letter from the factory (research and writing)


Objective: UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—What did Keynes advocate that was

different from classical economic thinking? Explain.

2. Aggregate Expenditures Model3. Equilibrium GDP (p170), Net exports and

equilibrium GDP (p174), Government spending and equilibrium GDP (p177), Taxes and equilibrium GDP (p174), Recessionary and inflationary expenditure gaps (p180)

4. The Commanding HeightsREADING: Unit 3 Topic A (chapter 9)


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—One necessary resource for making

ollygoggles is doodle-dandies. If the price of doodle-dandies drops, what will happen to the supply of ollygoggles? Draw the appropriate graph.

2. Choose four graphs. Make up a market situation that these could represent.

3. Questions (p.147 9-15, 18-22)HOMEWORK: Take the practice quiz on the Economics resource page at www.mrclotzman.com. EXAM tomorrow!!!!



Objective: Chapter 6: Industrial revolution1. Warm up—What is labor? 2. A letter from the factory (writing) 3. Your book on Industrialization.



Paragraph one: Introduction, what kind of factory, where is it located, how you got there.

Paragraph two: What you do, the conditions in the factory, things that have happened and what you’ve witnessed.

Paragraph three: Your future, plans, expectations, etc.

A letter from the factory

Objective: UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—What impact on GDP could we

expect with a cut in federal spending of $100 billion with an MPC of 50%. Explain the larger economic consequences of such a cut?

2. Taxes and equilibrium GDP (p174), Recessionary and inflationary expenditure gaps (p180)

3. The Commanding Heights

HOMEWORK: Chapter 9 page 184 (2,4,6,8,9,10,13)


Objective: Supply and DemandESLR: Critical thinkers 1. Warm up—Because it takes a special skill

to make a doodle dandy, doodle dandy makers (Doodlers) are in short supply. What happens if a new technique for doodling is developed? Draw the appropriate graph.

2. Supply and demand exam3. Complete Questions from yesterday

(p.147 9-15, 18-22)


Objective: Chapter 6: Industrial revolution1. Warm up—What is a labor union? 2. Quick review of chapter summaries3. Your book on Industrialization.


Homework: Complete your book on Industrialization.


Objective: UNIT III. MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—A sudden increase in interest

rates from 5% to 10% reduces overall investment for the year by $150 billion. What impact on GDP could we expect with an MPC of 60%? Explain.

2. Savings and Investment; paradox of thrift.3. Homework review: page 184

(2,4,6,8,9,10,13) 4. The Commanding Heights


Objective: Business and ESLR: Critical thinkers 1. Warm up—Give three reasons some

businesses are more successful than others.

2. A business of your own (1-3 people) 3. Chapter 8: Business organizations

(reading and questions) p207 11-13


Develop a product for sale (something new)◦ Describe your sphincter. ◦ What does it do? ◦ What is its use? ◦ What makes it unique?

How will you produce this product ◦ Factors of production◦ Estimate the cost of production

Outline the target market for your product ◦ Who is your customer?

Develop a specific market strategy ◦ What you will do to reach your target market?

A Business of your own

Objective: Chapter 7: Industrial revolution1. Warm up—What is a strike? 2. Turn in your book on Industrialization. 3. Labor and strikes (reading p247-249)4. Main Idea questions page 250 (5-8)5. Haymarket Martyrs (video, notes)


Objective: MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—Explain the paradox of thrift.2. Aggregate Demand and Aggregate Supply3. Chapter 10 questions (p203-204 1-12)4. Macroeconomic relationships5. Commanding Heights


Objective: Business and ESLR: Critical thinkers 1. Warm up—What is a sole

proprietorship?2. A business of your own (prepare to

share)3. Chapter 8: Business organizations

(reading and questions)


Objective: Chapter 7: Industrial revolution1. Warm up—Who were the Haymarket

Martyrs?2. The New Immigrants (p254-259)

1. Through the Golden Door2. Life in the New Land3. Immigration restrictions

3. Assessment (p259 2-4)4. Immigration (video, notes)


Objective: MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—What is a private closed

economy? 2. Quick review (relatively quick)3. Commanding Heights

HOMEWORK: Finish Chapter 10 questions (p203-204 1-12) Read Chapter 11.


Objective: Business and ESLR: Critical thinkers 1. Warm up—What is a partnership?2. A business of your own—posters

(prepare to share) 3. Chapter 8: Business organizations

(reading and questions)


Objective: Chapter 7: Industrial revolution1. Warm up—What was Ellis Island?2. Review Assessment (p259 2-4)3. Worksheet on Immigration4. Immigration (video, notes)


Objective: MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—What are some disadvantages

to a private closed economy? 2. Review the review questions3. Commanding Heights

HOMEWORK: Finish Chapter 10 questions (p203-204 1-12) Read Chapter 11.


Objective: Business and ESLR: Critical thinkers 1. Warm up—What is a corporation?2. Chapter 8: Business organizations

advantages and disadvantages3. A business of your own—posters (if

time allows, prepare to share on Monday)


Define the following business organizations. Give examples. Explain three advantages and three disadvantages of each: Sole proprietorship Partnership Corporation Franchise

Business organizations

Objective: Chapter 7: Immigration 1. Warm up—What was the Chinese

Exclusion Act of 1882?2. The Chinese Exclusion Act examined (in

groups chose three clauses, explain their meaning, come up with the practical results of these clauses

3. Video, notes4. Review worksheets on Immigration


Objective: MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—What is the public debt? 2. What if? (video, notes) 3. Ownership of the public debt (p219) 4. Fiscal policy reviewed5. Crowding out6. Homework problems

HOMEWORK: Homework: page 225 (2, 5, 6, 11).


Objective: Business and ESLR: Critical thinkers 1. Warm up—What is liability?2. A business of your own—presentations3. Chapter 8: Business organizations

advantages and disadvantages (Reviewed)

4. Vocabulary review


Define the following business organizations. Give examples. Explain three advantages and three disadvantages of each: Sole proprietorship Partnership Corporation Franchise

Business organizations

Objective: Chapter 7: Immigration 1. Warm up—Give two reasons for the

Chinese Exclusion Act of 1882?2. The Chinese Exclusion Act examined (in

groups chose three clauses, explain their meaning, come up with the practical results of these clauses

3. Video, notes4. Review worksheets on ImmigrationHomework: p272 Main Idea questions 3-5


Objective: MACROECONOMIC MODELS AND FISCAL POLICY1. Warm up—Give three reasons why

concerns about the National Debt are overblown.

2. The Affordable Care Act or Obama Care: Who knows?

3. Crowding out4. Fiscal policy reviewed5. Homework problems (Page 225 (2, 5, 6,

11).


Objective: Business and ESLR: Critical thinkers 1. Warm up—What is a limited liability

partnership?2. The Affordable Care Act or Obama C

are: Who knows? 3. Chapter 8: Business organizations

(p206-207 1-8, 18, 20, 21)4. The Firm (video, notes)


Objective: Chapter 7: Immigration 1. Warm up—Give two reasons for the growth

of cities during the Industrial Revolution.2. Homework check and review (p272 Main

Idea questions 3-5)3. The Chinese Exclusion Act (video, notes)4. Share your posters5. The growth of cities


Documents

AP Macroeconomics September 2, 2014