For the coming week, we will both fiscal and economic policy -- Chapters 12 & 15. Please remember to do the workbook exercises!
11/12
Review of Chapter 16 concepts
We will likely review the workbook during the first half of the period and test the second half on Monday.
11/9
Conclude review of Chapter 17 & associated workbook exercises.
Chapter 17 test
For the coming week we will cover Chapter 16 - Extending the AD-AS Model. We may push the test back to Wednesday, depending on how well we do during the week.
Read up on this chapter, and do the workbook exercises noted in the syllabus.
11/3
SMG update & extra credit: SMG has extended deadline to 4 pm Thursday; you MUST have your team's first three trades in by then to qualify for extra credit.
Past test review
File maintenance
Ch 13-14 Test
Class Prep:
We are covering Chapter 17 this time, concentrating on Economic Growth.
BE SURE TO DO YOUR WORKBOOK EXERCISES TO HELP YOU WITH YOUR UNDERSTANDING
10/29
Review of Chapters 13 & 14
MONEY & BANKING
Functions of money
Measuring the money supply
Where the value comes from
The Money Market -- demand & supply
The Federal Reserve & banking today
HOW BANKS & THRIFTS CREATE MONEY
Balance sheet basics
The birth of fractional reserve banking
Forming a bank
Creating money through loans
The Money Multiplier
Other leakages
Why monetary control is necessary
Do your workbook exercises: pp. 183-5, 191-2, 205-7,
195-8
Class Prep:
Check your stock prices Friday evening & start recording the prices.
Chapter review and test on Tuesday.
10/27
Chapter 11 test
Stock Market Game - teams and intro to website
Project requirements
Class Prep:
We are moving on to cover BOTH chapters 13 & 14. Hit the reading hard, and use the workbook assignments to reinforce what you read.
10/23
Review: Study questions 1 & 4-7
Review workbook pages 123-134
Prepare for Chapter test
10/21
Review workbook pages
Chapter 10 Test
Begin review of Chapter 11 - AD-AS Model
Aggregate demand
Reasons it slopes down
Determinants
REMEMBER: I need your stock market teams by the end of the day THURSDAY.
10/16
Continue discussion of Chapter 10
Discussion of Stock Market Game
[You will need to form into three teams -- one will have three members, the other two will have four. I would like to have these in hand by the end of the day Thursday. [Yes, I know that we don't meet on Thursday, but we have to work around the block schedule as best we can.] You should already be researching stocks and mutual funds to begin narrowing down which ones you may want to invest in.]
Next meeting: we will do a quick review of the workbook problems, and go right to the Chapter 10 test. This will give us some time to move on to Chapter 11, the AD/AS model.
10/14
Review Chapter 8 test
Begin discussion of Chapter 10
Class Prep:
We have a difficult road for the next two weeks -- we are getting into a very difficult section, but the school schedule is reducing our meeting times. Work on Chapter 10, including the workbook exercises (109-10, 123-25)
Start working on your stock and mutual fund research (NBR @ 7 PM weeknights on Channel 2 is a good starting point) in preparation for the Stock Market Game.
10/12
Conclude review & questions about Chapter 9
Review workbook exercise answers
Chapter 9 Test
Class Prep:
We have a difficult road for the next two weeks -- we are getting into a very difficult section, but the school schedule is reducing our meeting times. Work on Chapter 10, including the workbook exercises (109-10, 123-25)
Start working on your stock and mutual fund research (NBR @ 7 PM weeknights on Channel 2 is a good starting point) in preparation for the Stock Market Game.
10/8
In-depth work on Chapter 9
Relation between income, consumption & saving
Relation between real interest rate & investment
Marginal propensities to consume & to save
The magic of the multiplier
10/6
Review remainder of Chapter 8
Chapter 8 Test
Begin work on Ch 9 (Text and workbook exercises)
10/2
Chapter 6 Test review
Make up tests
Chapter 8
Measuring economic growth
Sources of growth
The business cycle
How unemployment is measured
The three flavors of unemployment
Costs of unemployment - GDP gaps & Okun's Law
Unequal burdens
Inflation - measurement
The two flavors of inflation
Class Prep:
Continue to study this chapter, & work on the workbook exercises [you can ignore The Inflation Game -- we won't have time to play it]. USE YOUR STUDY GROUPS! We will do a quick review at the start of our next meeting, and then we'll test.
9/30
Questions about Chapter 7
Chapter 7 test
Begin introduction to Chapter 8
Read through the chapter and work the workbook pages assigned in the Syllabus.
Start thinking about researching stocks and mutual funds in preparation for the Stock Market simulation coming up in October.
9/25
Continue Chapter 7 - Measuring Domestic Output and National Income
Results of Web research on gov.t agency data sources
Nominal v. Real GDP
Market baskets
Review answers to workbook problems
Class Prep:
Prepare for the Chapter 7 test, to be taken at the start of our next class meeting. USE YOUR STUDY GROUPS!
9/23
Begin Chapter 7 - Measuring Domestic Output and National Income
GDP
Expenditures Approach v. Income Approach
National Income Accounting
Circular Flow revisited
Class Prep:
Workbook: Pages 65-73; pages 65-6 will be more relevant to Chapter 8.
9/21
Test Review
Complete our review of Ch 6
Review workbook problems
Ch. 6 test
Class Prep:
Next meeting -- hand in your study group roster. If you do not form your own study group, you will be assigned to one.
Read and work your workbook problems in preparation for our study of Chapter 7.
9/17
Begin review of Ch. 6
Test review (time permitting)
9/15
Announcements
Review of workbook problems
Discussion of major points of Chapter 5
Chapter 5 test - Mult. Choice & Written Response
For Class Prep: Begin read-through of Chapter 6 on the international aspects of the U.S. economy.
9/11
Discussion and review of Ch. 5
Continue your reading, work the workbook problems assigned.
9/9 (first meeting after Labor Day weekend)
Review wkbk exercise #7
Review flashcard highlights of Chapter 4
Ch. 3-4 test
Class Prep: Read through Chapter 5 and the assigned pages in the workbook
9/4
Plan:
Complete review of Ch. 3 & affiliated workbook pages.
Begin review of Ch. 4 & affiliated workbook pages.
Review of past test.
I will try to put some of the workbook answers on the flashcards . . . click the link above to see. REMEMBER, getting the right answer is not as important as recognizing why it is right.
9/8 addition: I have added some flashcards to guide you to the highlights in Chapter 4. I have inserted them BEFORE the workbook answers, so be sure to check all the way through.
At our next meeting we will plan to finish a brief review of the remaining material and the prior test (be ready with your questions, since we will have to move quickly to try to recoup the time we have lost on assemblies), take the test on Chapters 3 & 4, and move along to Chapter 5.
9/2
Review workbook assignment
Test: Chapters 1-2
Reading - Begin review of Chapter 3
Class Prep: Complete your read-through of Ch. 3
8/29
Senior Assembly
Finish review of Chapter 2
Receive workbooks and review pages 3-8
NOTE: Some items in the bullet point notes
will be covered in Chapter 3.
Class Prep: Because of the delay caused by the senior assemblies running over, the test on Chapters 1 & 2 will be given on Wednesday 9/2 after we go over the workbook assignments.
8/27
First Look: Hand-in of forms; fire drill info
Today's Plan:
Chapter 1 - Nature & Method of Economics
Economic perspective
Scientific method
Macro v. Micro
Pitfalls to sound reasoning
Appendix - graphing, line formulae and slopes
Chapter 2 - The Economizing Problem
Wants vs. Resources
How best to satisfy our unlimited wants with the limited resources we have.
Full employment, full production, productive & allocative efficiency.
Class Prep.: Read through the rest of these two chapters in the textbook. We will finish our review during the first half of the period on Monday, and test at the end of the period.
8/25
First Look: Have your assignments ready to hand in.
Today's Plan:
Hand in work
Unfinished business from yesterday
Summer Reading Assignment discussion
Pre-test
Issue textbook/workbook/reader
Class Prep.: Read through the first TWO chapters in the textbook.
8/24/09
First Look:
* Check the seating chart (blue board behind you) and take your assigned seat.
* Have your schedule face up in front of you for me to sign.
Today's Plan:
Introductions
School paperwork/procedures
Beginning classroom procedures
Index card
Class manual reading/review
Dismissal procedures
Class Prep.: Return your correctly completed Rules of the Road, media release, and competition contract for your first homework grade.
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