To Assess Mastery - Common Assessments/Unit tests, District Assessments, Major projects, Major papers

Size: px
Start display at page:

Download "To Assess Mastery - Common Assessments/Unit tests, District Assessments, Major projects, Major papers"

Transcription

1 AP Macroeconomics Syllabus Introduction: Economics presents new learning with a specific set of terms and concepts to be addressed. Developing an economic way of thinking is vital to understanding Economics coursework. This course will give you a thorough understanding at the principles of macroeconomics, taking a look at the big picture of the economy. The focus will be economic measurement tools, aggregate production and income, the use of fiscal and monetary policy, economic growth and international trade. The AP Economics Course Description states: AP Macroeconomics is an introductory college-level course that focuses on the principles that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price-level determination; it also develops students familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts. The AP Macroeconomics course provides students with a thorough understanding of the principles of economics and how economists use those principles to examine aggregate economic behavior. Students learn how the measures of economic performance, such as gross domestic product (GDP), inflation, and unemployment are constructed and how to apply them to evaluate the macroeconomic conditions of an economy. The course recognizes the global nature of economics and provides ample opportunities to examine the impact of international trade and finance on national economies. Various economic schools of thought are introduced as students consider solutions to economic problems. Resources: Text: Margaret Ray and David Anderson. Krugman's Economics for AP. New York: Worth Publishers/BFW, Video Series: Econ U$A series with Discussion FED Videos on Money and Inflation Class Activities/Work: David Anderson. Economics by Example, New York: Worth Publishers, Margaret Ray and David Mayer. Strive for a 5 New York: Worth Publishers, 2011 David Anderson and James Chasey. Favorite Ways to Learn Economics New York: Worth Publishers, 2011 Exercises (Module AP Review, Take the Test: Multiple-Choice Questions, Take the Test: Free-Response) included in textbook Lecture Notes and Class Activities included in Teacher Resource Binder or on Enhanced Teacher s Resource CD-ROM Completion of selected graphing and interpretative exercises in Morton, John S. Advanced Placement Economics, 3rd Ed. New York, NY: National Council on Economic Education, 2003 and additional exercises from the NCEE and other sources as necessary. Quizzes, Unit Testing, Multiple Choice Questions and Free Response Practice Supplies: Students will need a 2 binder, package of dividers, notebook paper, and a pen or pencil every day in class. Students will also need a package of thin markers, colored pencils and a glue stick. Students will be told when the additional supplies are needed in class. Students are also required to bring their binder and textbook to class DAILY.

2 CLASSROOM RULES: 1. Do not talk while others are talking. 2. Be in the room when the bell rings. 3. Come to class prepared. You will be tardy if you must go get materials. 4. Tests and quizzes are timed. You may not stay after class to finish a quiz or test. 5. Respect EVERYONE! 6. Use appropriate language at all times. 7. Sit in your assigned seats. 8. No Sleeping, if you are participating, you won t be sleepy. Grading: Grades will be weighted in the following way: Category Weight Included Assignments Summative 40 To Assess Mastery - Common Assessments/Unit tests, District Assessments, Major projects, Major papers Formative 40 To Assess Progress - Progress Assessments, group assignments, PBL tasks, independent work, lab reports Practice 20 For Learning and Practice - Guided practice, classwork, participation, homework Grading Scale: Changes have been made to the grading scale this year. The campus now has a D grade. The grading scaled is as follows: A B C D F Below 69 Absent Work: All students have the same number of days they are absent to make up assignments. What this means, is that if a student is absent on a Monday and Tuesday, they will have 2 days (Wednesday and Thursday) to make up work. If for some reason the student does not make the work up by Thursday, I will take the assignment the next day will receive a 10 point deduction per day past that, then it is my discretion. It is YOUR responsibility to ask me for the make-up assignments. After the allotted amount of time (in this case 2 days) the assignment will follow the late work policy. If a student misses a quiz or test, it is the student s responsibility to schedule a make-up. If the student fails to take the quiz or test within 3 days of returning to school, the students will receive a 0 for the assignment. Additionally, any work not turned in by the beginning of the period on the day it is due, will receive a 10-point deduction.

3 Late Work Policy: All work will be considered late if not turned in at the time it is due. For example, if a homework assignment is due at the start of class, an assignment turned in 20 minutes later will be marked late. The late policy is as follows: 10 points off for every DAY LATE (not class meeting, DAY). After 1 week late the assignment will be given a zero and the student will not have the opportunity to turn the assignment in any longer. To replace the zero, the Unit test for that homework assignment will take the place of the missing assignment. For example: A student has 3 zeros for practice assignments for material covered in Unit 1. The student takes the Unit 1 test and receives a 75, a 75 will take the place of the missing assignments. For classroom assignments a student s refusal to complete the work given in the allotted time will result in a grade of 0 given with no opportunity to replace the 0. Students must use their time wisely, refusal to use class time will not be tolerated or rewarded. RETEST POLICY: Retest opportunities should be provided for all students who are willing to improve their learning and grades. Any student that scores below 80% on a formative assignment has one week to request and take a retake. A grade of 80% of their makeup score will replace their initial grade in the grade book (unless the initial grade is the higher of the two). Students have one week to take a retest. In order to be eligible for the retest, students are responsible to see the teacher to schedule the retest. SUMMATIVE ASSESSMENTS ARE NOT ABLE TO BE RETAKEN. PLAGIARISM Any student who is caught plagiarizing, cheating, or copying someone else s work will receive a 0 and WILL BE REMOVED FROM THE CLASS. If you are not sure what plagiarism is, I will devote a full day to this topic in class or you can visit the following websites. Other than this, just ask me Criteria s for exiting from AP Courses: -Refusal to complete a required summer assignment within 7 calendar days of the first day of class for returning students and within 14 days for new enrolled students -If the student has a failing grade by end of 5th week of the 1st quarter. -Documented refusal to attend requested tutorials, meetings, etc. -Severe or repeated plagiarism or other instance of severe academic dishonesty. -Repeated refusal to take AP tests, disruptions of past test administrations and documented unwillingness may be used as reasons to block a student from enrolling in an AP course.

4 Change of Course: If circumstances lead to a situation where either the student wishes to be moved out of the AP course or teacher provides feedback that student needs to be removed due to above mentioned criteria(s), then all stake holders- student, Teacher, Parent and Counselor has to either meet or get the AP course change form signed by all above mentioned stake holders in order to finalize the decision of changing the course. Work Expectations: All student work will be turned in neatly to the designated location. Any work that is turned in on half-sheets of paper, paper torn from a notebook with frayed edges, or paper from legal pad will automatically be deducted 30 points. I also expect work to be completed in black or dark blue pen, or pencil. Any other color is subject to loss of points. TIPS FOR SUCCESS IN MY CLASS: COMPLETE READINGS BEFORE COMING TO CLASS AND TAKE NOTES OVER THE READINGS Ask questions Keep up with work and materials Ask for help, if the instructions are not clear, then ask, if you don t ask, I don t know (I can t read minds). Come in for tutoring. Don t procrastinate Turn in work on time. Put your name on assignments (20 points off assignments without names) If you have a problem, see me. Don t plagiarize or cheat. If I catch you with someone else s work, I will give both students a zero with no opportunity to make the work up, NO EXCEPTIONS Study Do your work Have supplies and computer log-ins Keep old assignments- I make mistakes, I am human, if you can t show me the graded assignment, you keep the 0. Don t ask what you can do to pass the last week and a half of school. Be proactive if you are concerned about your grade. (Tutorial information will be sent at a later date) Do not turn in work on ½ sheets of paper, I will throw it away.

5 Course Outline Unit % of AP Basic Economic Concepts I. Basic Economic Concepts * A. Scarcity, choice and opportunity costs B. Production possibilities curve C. Comparative advantage, absolute advantage, specialization and exchange D. Demand, supply and market equilibrium E. Macroeconomic issues: business cycle, unemployment, inflation, and growth * Taken from the AP Economics Course Description II. Student Objectives A. Define the science of economics B. Distinguish between opportunity cost, scarcity and trade-offs. C. Distinguish between macroeconomics and microeconomics D. List the three basic economic questions E. Define comparative advantage F. Using both graphical and table analysis, show the benefit of employing comparative advantage G. Use a production possibilities curve to demonstrate opportunity cost and growth H. List the determinants of demand and supply curves I. Recognize which factors will cause demand curves or supply curves to shift J. Distinguish between changes in quantity demanded versus a change in demand K. Distinguish between changes in quantity supplied versus a change in supply L. Determine effects on price and quantity when equilibrium changes M. Describe the macroeconomic performance in the United States and other countries GDP, Not? inflation, unemployment and other indicators III. Graphs and Diagrams to be mastered A. Production Possibility Curve B. Demand and Supply Equilibrium C. Business Cycle IV. Key Terms Section 1 p. 32; Section 2 p. 96 (Textbook) V. Supplemental Activity A. Economics by Example: David Anderson Chapter 1: What s to Love About Economics Chapter 3: The Coffee Market s Hot; Why are Bean Prices B. Strive for a 5: Ray and Mayer Module 1 Activities p. 2-6

6 Module 2 Activities p Module 3 Activities p Module 4 Activities p Section 2 Before You Take the Test Featured Graph: Production Possibility Curve p Problems p Review Questions p C. Strive for a 5: Ray and Mayer Module 5 Activities p Module 6 Activities p Module 7 Activities p Section 2 Before You Take the Test Featured Graph: Demand/Supply Curves p Problems p (1-6 only) Review Questions p (1-11 only) D. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 1 Economic Way of Thinking Class Room Experiments 1A and 1B Problem Sets Chapter 2 Supply Demand and Efficiency Class Room Experiments 2A and 2B Problem Sets Section 1 Textbooks pages Opening: Section 1 p. 1 Module 1: The Study of Economics p. 1-9 Module 2: Introduction to Macroeconomics p Module 3: The Production Possibilities Curve Model p Module 4: Comparative Advantage and Trade p \ Section 1 Summary p Section 1 Appendix: Graphs in Economics p Section 2 Opening: Section 2 p. 47 Module 5: Introduction to Demand p Module 6: Supply and Equilibrium p Module 7: Changes in Equilibrium p Module 8: Supply and Demand Controls (Ceilings and Floors) p Module 9: Supply and Demand Quantity Controls p Section 2 Summary p

7 Unit % of AP Measurement of Economic Performance I. Measurement of Economic Performance* A. National income accounts 1. Circular flow 2. Gross domestic product 3. Components of gross domestic product 4. Real versus nominal gross domestic product B. Inflation measurement and adjustment 1. Price indices 2. Nominal and real values 3. Costs of inflation C. Unemployment 1. Definition and measurement 2. Types of unemployment 3. Natural rate of unemployment * Taken from the AP Economics Course Description II. Student Objectives A. Define Gross Domestic Product by expenditure and income approaches B. Distinguish between nominal GDP and real GDP C. Explain the limitations of GDP measures D. Define unemployment; list sources and types E. Define labor force participation rate F. Define the full employment level of GDP G. Distinguish between actual and potential GDP H. Explain the calculation of price indices GDP deflator, CPI, PPI I. Use price indices to calculate real wages and real interest rates III. Graphs and Diagrams to be mastered A. Circular Flow Diagram (simple and expanded) B. Effect of Minimum Wage on Labor Market IV. Formulas to be mastered A. Gross Domestic Product (GDP) = Consumption Spending + Government Spending + Investment Spending +Net Export Spending (GDP=C+G+I+Xn) B. Disposable Income (DI) = Personal Income Taxes + Transfers C. Per Capita GDP D. Calculation of Real GDP using an Index E. Labor Force Participation Rate F. Unemployment Rate G. Natural Rate of Unemployment H. Price Indexing and Consumer Price Index, Producer Price Index

8 V. Key Terms Section 3 p. 150 (Textbook) VI. Supplemental Activity A. Economics by Example: David Anderson Chapter 21: Why Do We Neglect Leisure and Cheer for Divorce? B. Strive for a 5: Ray and Mayer Module 10 Activities p Module 11 Activities p Module 12 Activities p Module 13 Activities p Module 14 Activities p Module 15 Activities p Section 3 Before You Take the Test Featured Graph: Circular Flow Model p Problems p Review Questions p C. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 8 Macroeconomic Indicators Class Room Experiments 8A Problem Sets ; Section 3 Textbooks pages Opening: Section 3 p. 101 Module 10: The Circular Flow and GDP p, Module 11: Interpreting RGDP p Module 12: The Meaning and Calculation of Unemployment p, Module 13: The Causes and Categories of Unemployment p Module 14: Inflation: An Overview p Module 15: The Measurement and Calculation of Inflation p Section 3 Summary p Unit % of AP National Income and Price Determination I. National Income and Price Determination * A. Aggregate demand 1. Determinants of aggregate demand 2. Multiplier and crowding-out effects B. Aggregate supply 1. Short-run and long-run analyses 2. Sticky versus flexible wages and prices

9 3. Determinants of aggregate supply C. Macroeconomic equilibrium 1. Real output and price level 2. Short and long run 3. Actual versus full-employment output 4. Economic fluctuations * Taken from the AP Economics Course Description II. Student objectives A. List the determinants of aggregate demand B. Distinguish between changes in AD and a change in price level causing movement along the AD curve C. List reasons why the aggregate demand curve is down sloping D. List the determinants of aggregate supply E. Distinguish between changes in AS and a change in price level causing movement along the AS curve F. Explain and demonstrate the shape of the aggregate supply curve in the short and long run; define and show the full-employment level of output (Qf) G. Determine the importance of the shape of the AS curve on the effects of change in the AD curve H. Determine equilibrium using an aggregate demand/aggregate supply graph and show the effects on price level and Real GDP when equilibrium changes in both the long and the short run I. Given data, determine the size of the spending multiplier and assess is impact on aggregate demand J. Define Fiscal Policy discretionary and non-discretionary K. Define and measure the effect of built-in stabilizers on the economy L. Using AD/AS analysis, show the effect on price level and RDGP of changes in fiscal policy M. Define the balance budget multiplier N. Distinguish between sticky-price and sticky-wage models and flexible price and wage models; identify the effect of these differences on the AS curve III. Graphs and Diagrams to be mastered A. Aggregate Demand/Aggregate Supply Model (Short-run and Longrun) B. Potential vs. Actual Output C. Recessionary Gap and Inflationary Gap D. Sources of Tax Revenue and Government Spending in US E. Expansionary and Contractionary Fiscal Policy effects IV. Formulas to be mastered A. Marginal Propensity to Consume (MPC) B. Marginal Propensity to Save (MPS) C. Spending Multiplier 1/MPS V. Key Terms Section 4 p. 216 (Textbook)

10 VI. Supplemental Activity A. Economics by Example: David Anderson Chapter 25: How Much Debt is Too Much? B. Strive for a 5: Ray and Mayer Module 16 Activities p Module 17 Activities p Module 18 Activities p Module 19 Activities p Module 20 Activities p Module 21 Activities p Section 4 Before You Take the Test Featured Graph: Aggregate Demand-Aggregate Supply Model p Problems p Review Questions p C. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 11 Aggregate Demand, Aggregate Supply and Aggregate Expenditure Classroom Experiment 11A and 11B Problem Sets 11.1; Chapter 9 Monetary and Fiscal Policy Class Room Experiments 9A Problem Sets 9.1 Section 4 Textbooks pages Opening: Section 4 p. 157 Module 16: Income and Expenditures p Module 17: AD: Introduction and Determinants p Module 18: AS: Introduction and Determinants p Module 19: Equilibrium in the AD/AS Model p Module 20: Economic Policy and the AD/AS Model p Module 21: Fiscal Policy and the Multiplier p Section 4 Summary p Unit % of AP Financial Sector I. Financial Sector * A. Money, banking and financial markets 1. Definition of financial assets: money, stocks, bonds 2. Time value of money (present and future value) 3. Measures of money supply 4. Banks and creation of money 5. Money demand 6. Money market 7. Loanable funds market B. Central bank and control of the money supply

11 1. Tools of central bank policy 2. Quantity theory of money 3. Real versus nominal interest rates * Taken from the AP Economics Course Description II. Student Objectives A. Define and list factors influencing money demand B. Define money supply C. Explain the financial system and define various types of financial assets D. Define the Savings Investment Spending Identity E. Demonstrate understanding of the time value of money F. Define a fractional banking system G. Explain the role of the Federal Reserve System in the economy H. Identify and examine the tools of central bank policy and their impact on money supply and interest rates I. Describe the process of money creation and multiple-deposit expansion J. Given data, determine the size of the money multiplier and assess its impact on the money supply K. Distinguish between nominal and real interest rates III. Graphs and Diagrams to be mastered A. Money Market: Demand and Supply of Money and Equilibrium B. Loanble Funds Market Demand and Supply of Loanable Funds and Equilibrium C. TED spread IV. Formulas to be mastered A. Money Supply measurements (M1 and M2) B. Present Value C. Money Creation by the banking system D. Money Multiplier V. Key Terms Section 5 p. 290 (Textbook) VI. Supplemental Activity A. Economics by Example: David Anderson Chapter 22: Does the Money Supply Matter? B. Strive for a 5: Ray and Mayer Module 22 Activities p Module 23 Activities p Module 24 Activities p Module 25 Activities p Module 26 Activities p Module 27 Activities p Module 28 Activities p Module 29 Activities p Section 5 Before You Take the Test Featured Graph: Money Market/Loanable Funds Market p

12 Problems p Review Questions p C. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 10 Macroeconomic Indicators Class Room Experiments 10A and 10B Problem Sets Chapter 9 Macroeconomic Indicators Class Room Experiments 9A Problem Sets 9.1 Section 5 Textbooks pages Opening Section 5 p. 221 Module 22: Saving, Investment and the Financial System p Module 23: The Definition and Measurement of Money p \Module 24: The Time Value of Money p Module 25: Banking and Money Creation p Module 26: The Fed. History and Structure p Module 27: The Fed. Monetary Policy p Module 28: The Money Market p Module 29: The Market for Loanable Funds p Section 5 Summary p Unit % of AP Inflation, Unemployment and Stabilization Policies I. Inflation, Unemployment, and Stabilization Policies * A. Fiscal and monetary policies 1. Demand-side effects 2. Supply-side effects 3. Policy mix 4. Government deficits and debt B. Inflation and unemployment 1. Types of inflation a. Demand-pull inflation b. Cost-push inflation 2. The Phillips curve: short run versus long run 3. Role of expectations * Taken from the AP Economics Course Description II. Student objectives A. Assess the effect of fiscal and monetary policy on real output, price level and the level of employment in the long and short run B. Gain understanding of how an economy responds to a short-run shock and adjusts in the long run in the absence of any public policy actions C. Examine the economic effects of government deficit budgets including crowding out

13 D. Consider issues surrounding the size and burden of the national debt E. Gain understanding of inflation-unemployment tradeoffs using short and long run Phillips curve analysis F. Show the causes of inflation on an AD/AS model G. Define the quantity theory of money H. Speculate on the role of inflationary expectations on price level and output III. Graphs and Diagrams to be mastered A. Money Market Model: Effect of policy actions on interest rate B. Money Market Model: Setting the Federal Funds rate C. Money Market Transition Mechanism: Short run and long run effects of expansionary and contractionary policy changes D. Tracking Monetary Policy Using the Output Gap, Inflation and the Taylor Rule E. Long-Run Determination of the Interest Rate F. Classical Model of Price Level G. Cyclical Unemployment and the Output Gap H. Short Run Phillips Curve I. Short Run Phillips Curve showing Supply Shocks; showing expected inflation J. Long Run Phillips Curve and NAIRU (non-accelerating rate of unemployment) K. The Fischer Effect L. Fiscal Policy with a Fixed Money Supply IV. Key Terms Section 6 p. 362 (Textbook) VI. Supplemental Activity A. Economics by Example: David Anderson Ch. 19: Will Technology Put Us All Out of Work? B. Strive for a 5: Ray and Mayer Module 30 Activities p Module 31 Activities p Module 32 Activities p Module 33 Activities p Module 34 Activities p Module 35 Activities p Module 36 Activities p Section 6 Before You Take the Test Featured Graph: The Phillips Curve p Problems p Review Questions p C. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 8 Macroeconomic Indicators, deficits and Debts Class Room Experiments 8B Problem Set 8.11

14 Chapter 9 Monetary and Fiscal Policy Class Room Experiments (none) Problem Sets 9.3 Section 6 Textbooks pages Opening Section 6 p. 295 Module 30: Long Run Implications of Fiscal Policy: p Deficits and the Public Debt Module 31: Monetary Policy and the interest Rate p Module 32: Money, Output and Prices in the Long Run p Module 33: Types of Inflation, Disinflation and Deflation p Module 34: Inflation and Unemployment: The Phillips Curve p Module 35: History and Alternative Views of Macroeconomics p Module 36: The Modern Macroeconomic Consensus p Section 6 Summary p Unit % of AP Economic Growth and Productivity I. Economic Growth and Productivity * A. Investment in human capital B. Investment in physical capital C. Research and development, and technological progress D. Growth policy * Taken from the AP Economics Course Description II. Student Objectives A. Define economic growth and list the factors that stimulate growth B. Assess the role of productivity in raising real output and standard of living C. Suggest how public policies stimulate economic growth III. Graphs and Diagrams to be mastered A. Trade-off Between Investment and Consumer Goods B. Short Run movements along Long Run Aggregate Supply C. Long Run Aggregate Supply Curve and Economic Growth IV. Formulas to be mastered A. Real GDP per Capita B. Rule of 70 C. Aggregate Production Function V. Key Terms Section 7 p. 45 (Textbook) VI. Supplemental Activity A. Economics by Example: David Anderson Chapter 28: Why Are Some Nations Rich and Others Poor? B. Strive for a 5: Ray and Mayer Module 37 Activities p Module 38 Activities p

15 Module 39 Activities p Module 40 Activities p Section 7 Before You Take the Test Featured Graph: Long run Growth-PPC and AD/AS p. 271 Problems p Review Questions p Section 7 Textbooks pages Opening Section 7 p. 367 Module 37: Long Run Economic Growth p Module 38: Productivity and Growth p Module 39: Growth Policy: Why Economic Growth Rates Differ p Module 40: Economic Growth in Macroeconomic Models p Section 7 Summary p Unit % of AP Open Economy: International Trade and Finance I. Open Economy: International Trade and Finance * A. Balance of Payments accounts 1. Balance of trade 2. Current account 3. Capital account B. Foreign exchange market 1. Demand for and supply of foreign exchange 2. Exchange rate determination 3. Currency appreciation and depreciation C. Net exports and capital flows D. Links to financial and goods markets * Taken from the AP Economics Course Description II. Student objectives A. Explain how the balance of payments accounts are recorded B. Explain the effect of trade restrictions C. List the factors that influence equilibrium foreign exchange rates D. Using demand/supply analysis, show how market forces and public policy affect currency demand and currency supply E. Define currency appreciation and depreciation and relate to graphical analysis F. State the effects of appreciation and depreciation on a country s net exports G. Understand how changes in net exports and capital flows affect financial and goods markets III. Graphs and Diagrams to be mastered A. Balance of Payments Accounts B. International Capital Flows

16 C. Foreign Exchange Markets D. Fixed Exchange Markets and Market Intervention E. Monetary Policy Effects and the Exchange Rate IV. Key Terms Section 8 p. 453 (Textbook) V. Supplemental Activities A. Economics by Example: David Anderson Chapter 27: Is Globalization A Bad Word? B. Strive for a 5: Ray and Mayer Module 41 Activities p Module 42 Activities p Module 43 Activities p Module 44 Activities p Module 45 Activities p Section 8 Before You Take the Test Featured Graph: Foreign Exchange Model p Problems p Review Questions p C. Favorite Ways to Learn Economics: Anderson and Chasey Chapter 12 International Economics Class Room Experiments 12A and 12 B Problem Set Section 8 Textbooks pages Opening Section 8 p. 409 Module 41: Capital Flows and the Balance of Payments p Module 42: The Foreign Exchange Market p Module 43: Exchange Rate Policy p Module 44: Exchange Rates and Macroeconomic Policy p Module 45: Putting it All Together p Section 8 Summary p Assessment There will be 7 Unit Tests and one or more quizzes during each unit. Within each unit, Free Response Questions and Multiple Choice Questions will be used for reinforcement and practice. Students will be informally assessed with other instruments of assessment such as homework assignments, on-line assignments, and group work in the classroom. It is expected that all students will take the AP Macroeconomics exam scheduled in May. Review sessions will be held in April and will include test taking strategy and practice tests as well as content review.

17 Ms. Gray- AP Macroeconomics **** PLEASE RETURN THIS PAGE NO LATER THAN NEXT CLASS ***** STUDENT INFORMATION FORM Name: Student address: Expected Grade in Course: Extra-Curricular Activities: What is your BEST core curriculum subject? (circle one) MATH SCIENCE ENGLISH HISTORY Have you read and understood the course expectations and syllabus? YES or NO Please sign and have your parent sign on the appropriate blanks below: By signing you agree that you have read and understood the course expectations and syllabus. Student Signature: Parent Signature: Date: Date: Parent Parent phone #: Preferred method of contact (please circle one): Phone Call Communication: If you (student or parent) ever have any questions please do not hesitate to contact me. I look forward to a great year and getting to know your students.

Murrieta Valley Unified School District High School Course Outline June 2013

Murrieta Valley Unified School District High School Course Outline June 2013 Murrieta Valley Unified School District High School Course Outline June 2013 Department: Course Title: Social Science Advanced Placement Macroeconomics Grade Level: 12 Course Number: 1705 Prerequisite:

More information

AP Macroeconomics Fall Semester 2016

AP Macroeconomics Fall Semester 2016 AP Macroeconomics Fall Semester 2016 Ms. Huynh ( Win ), Room 126 Phone: (626) 441-5820 Ext 2126 Email: Thuynh@spusd.net Curricular Overview This semester long course will introduce students to the principles

More information

Advanced Placement Macroeconomics Mr. Jonker Room 212

Advanced Placement Macroeconomics Mr. Jonker Room 212 Advanced Placement Macroeconomics Mr. Jonker Room 212 Phone Number/Voice Mail: 231-348-2144 Conference Period: 1 st Hour Website: http://www.petoskeyschools.org/jonker.zp.t/ Twitter: http://twitter.com/ap_economics

More information

Garden City High School Course: AP Macroeconomics

Garden City High School Course: AP Macroeconomics Garden City High School Course: AP Macroeconomics Instructional Philosophy The Advanced Placement Macroeconomics curriculum is a full year program designed to provide both an overview of economics. Economics

More information

AP Macroeconomics Syllabus Course Outline Required text: Economics: Principles, Problems, and Policies McConnel and Brue 15 th edition

AP Macroeconomics Syllabus Course Outline Required text: Economics: Principles, Problems, and Policies McConnel and Brue 15 th edition AP Macroeconomics Mrs. Cook 1 st Period Room 210 AP Macroeconomics Syllabus Course Outline Required text: Economics: Principles, Problems, and Policies McConnel and Brue 15 th edition Unit One: Basic Economic

More information

A. Regular attendance is crucial to success in this class. Poor attendance will harm your participation grade. Grade categories are as follows:

A. Regular attendance is crucial to success in this class. Poor attendance will harm your participation grade. Grade categories are as follows: AP Macroeconomics JOHNSON Spring 11 AP Macroeconomics is a one-semester, college-level course. Each student is expected to take the AP Macroeconomics Exam that is administered in May. Successful achievement

More information

AP Macroeconomics Trent Thornton Voice mail:

AP Macroeconomics Trent Thornton Voice mail: AP Macroeconomics 2011-2012 Trent Thornton Voice mail: 480-224-2894 E-mail: Thornton.trent@chandler.k12.az.us Required Reading: N. Gregory Mankiw, Principles of Economics, 5 th ed. Ohio: South-Western

More information

Buchholz, Todd. New Ideas From Dead Economists. New York: Plame, 1999

Buchholz, Todd. New Ideas From Dead Economists. New York: Plame, 1999 AP MACROECONOMICS COURSE SYLLABUS AP Macroeconomics is a one semester college level course. The AP Macroeconomics course is designed as an initial college level course in macroeconomics and as a foundation

More information

Principles of Macroeconomics ECO 2251-THWA Fall 2011 MW 2:00 3:15 pm Bibb Graves 221

Principles of Macroeconomics ECO 2251-THWA Fall 2011 MW 2:00 3:15 pm Bibb Graves 221 TROY UNIVERSITY SORRELL COLLEGE OF BUSINESS Principles of Macroeconomics ECO 2251-THWA Fall 2011 MW 2:00 3:15 pm Bibb Graves 221 Instructor: Dr. George R. Crowley Office Location: Bibb Graves 137C Office

More information

ADVANCED PLACEMENT MACROECONOMICS

ADVANCED PLACEMENT MACROECONOMICS ADVANCED PLACEMENT MACROECONOMICS Maple Grove Senior High School Jeff Rush rushj@district279.org, rushsocialstudies.weebly.com, aplia.com Social Studies Department Required textbook Economics, McConnell

More information

Mater Academy Charter High School School Year AP Macroeconomics Syllabus Ms. De la Torre's Class Room 137

Mater Academy Charter High School School Year AP Macroeconomics Syllabus Ms. De la Torre's Class Room 137 Mater Academy Charter High School School Year 2011-2012 AP Macroeconomics Syllabus Ms. De la Torre's Class Room 137 AP Macroeconomics emphasizes economics principles as applied to the economy as a whole.

More information

PELLISSIPPI STATE COMMUNITY COLLEGE MASTER SYLLABUS MACROECONOMICS ECON Class Hours: 3.0 Credit Hours: 3.0

PELLISSIPPI STATE COMMUNITY COLLEGE MASTER SYLLABUS MACROECONOMICS ECON Class Hours: 3.0 Credit Hours: 3.0 PELLISSIPPI STATE COMMUNITY COLLEGE MASTER SYLLABUS MACROECONOMICS ECON 2010 Class Hours: 3.0 Credit Hours: 3.0 Laboratory Hours: 0 Date Revised: Fall 2012 Catalog Course Description: A presentation of

More information

Advanced Placement Macroeconomics

Advanced Placement Macroeconomics Advanced Placement Macroeconomics Introduction Welcome to AP Macroeconomics! This is a challenging course; taught at the college level, this course requires that you operate at a level higher than what

More information

ELIZABETHTOWN AREA HIGH SCHOOL SYLLABUS ADVANCED PLACEMENT MACROECONOMICS

ELIZABETHTOWN AREA HIGH SCHOOL SYLLABUS ADVANCED PLACEMENT MACROECONOMICS ELIZABETHTOWN AREA HIGH SCHOOL SYLLABUS ADVANCED PLACEMENT MACROECONOMICS Instructor: James J. Sostack Jr. Department: Social Studies Length of Course: Full Year (A/B Block format) Weight 1.20 Grade Level

More information

ECON 012: Macroeconomics

ECON 012: Macroeconomics ECON 012: Macroeconomics General Information: Term: 2018 Summer Session Instructor: Staff Language of Instruction: English Classroom: TBA Office Hours: TBA Class Sessions Per Week: 5 Total Weeks: 6 Total

More information

ECON 012: Macroeconomics

ECON 012: Macroeconomics ECON 012: Macroeconomics General Information: Term: 2019 Summer Session Instructor: Staff Language of Instruction: English Classroom: TBA Office Hours: TBA Class Sessions Per Week: 5 Total Weeks: 5 Total

More information

INDIAN HILL EXEMPTED VILLAGE SCHOOL DISTRICT Social Studies Curriculum - May 2009 AP Economics

INDIAN HILL EXEMPTED VILLAGE SCHOOL DISTRICT Social Studies Curriculum - May 2009 AP Economics Course Description: This full-year college-level course begins with basic economic concepts and proceeds to examine both microeconomics and macroeconomics in greater detail. There are five units which

More information

Course Name: AP Macroeconomics and the Free Enterprise System. One Semester Course: 18 weeks, M-F, 7 period day, 51 minutes per class

Course Name: AP Macroeconomics and the Free Enterprise System. One Semester Course: 18 weeks, M-F, 7 period day, 51 minutes per class Course Name: AP Macroeconomics and the Free Enterprise System One Semester Course: 18 weeks, M-F, 7 period day, 51 minutes per class Bibliography of Texts: Main Text: McConnell, Campbell R. and Stanley

More information

ECON 1120: Macroeconomics

ECON 1120: Macroeconomics ECON 1120: Macroeconomics General Information: Term: 2018 Summer Session Instructor: Staff Language of Instruction: English Classroom: TBA Office hours: TBA Class Sessions Per Week: 5 Total Weeks: 5 Total

More information

ECON 012: Macroeconomics

ECON 012: Macroeconomics General Information ECON 012: Macroeconomics Term: 2018 Summer Session Class Sessions Per Week: 5 Instructor: Staff Total Weeks: 6 Language of Instruction: English Total Class Sessions: 30 Classroom: TBA

More information

AP Macroeconomics (APE) Course Syllabus

AP Macroeconomics (APE) Course Syllabus Contact Information AP Macroeconomics (APE) Course Syllabus Teacher: Edmund Ned Maino Email: emaino@teh.k12.ca.us (I check email until 5pm, Monday-Friday) Phone: 661-822-2130 ext. 1701 (Please call between

More information

Advanced Placement Macro Economics

Advanced Placement Macro Economics Advanced Placement Macro Economics Economics is a study of mankind in the ordinary business of life. Alfred Marshall Through the AP Macroeconomics course, students will have a better understanding of the

More information

FINAL EXAM STUDY GUIDE

FINAL EXAM STUDY GUIDE AP MACROECONOMICS-2018 Name: FINAL EXAM STUDY GUIDE Instructions: DUE: Day of FINAL EXAM => Friday 12/21 st (1 st & 2 nd Periods) Thursday 12/20 th (4 th period) Section 1: PRODUCTION POSSIBLITIES FRONTIER

More information

Expansionary Fiscal Policy 2. If the economy is experiencing a recession what type of fiscal policy would be in order?

Expansionary Fiscal Policy 2. If the economy is experiencing a recession what type of fiscal policy would be in order? Stabilization Policies Reading Guide Chapters 12, 16, and 18 Chapter 12: Fiscal Policy 1. Assess the effect of fiscal policy on real output, price level, and the level of employment in the long run and

More information

Eco202 Review, April 2013, Prof. Bill Even. I. Chapter 4: Measuring GDP and Economic Growth

Eco202 Review, April 2013, Prof. Bill Even. I. Chapter 4: Measuring GDP and Economic Growth Eco202 Review, April 2013, Prof. Bill Even I. Chapter 4: Measuring GDP and Economic Growth A. Definition of GDP B. Measuring GDP 1. Expenditure side a) C+I+G+NX b) Definition of each component 2. Income

More information

Principles of Macroeconomics

Principles of Macroeconomics Principles of Macroeconomics 978-1-63545-094-1 To learn more about all our offerings Visit Knewton.com Source Author(s) (Text or Video) Title(s) Link (where applicable) OpenStax Senior Contributing Authors:

More information

Textbook Media Press. CH 27 Taylor: Principles of Economics 3e 1

Textbook Media Press. CH 27 Taylor: Principles of Economics 3e 1 CH 27 Taylor: Principles of Economics 3e 1 The Building Blocks of Keynesian Analysis Keynesian economics is based on two main ideas: a) aggregate demand is more likely than aggregate supply to be the primary

More information

Eco202 Review, April 2011, Prof. Bill Even. I. Introduction. A. The causes of the great recession B. Government responses to great recession

Eco202 Review, April 2011, Prof. Bill Even. I. Introduction. A. The causes of the great recession B. Government responses to great recession Eco202 Review, April 2011, Prof. Bill Even I. Introduction. A. The causes of the great recession B. Government responses to great recession II. III. Chapter 4: Measuring GDP and Economic Growth A. Definition

More information

FINAL EXAM STUDY GUIDE

FINAL EXAM STUDY GUIDE AP MACROECONOMICS-2017 Name: FINAL EXAM STUDY GUIDE Instructions: DUE: Day of FINAL EXAM => Friday 12/22 nd (1 st & 2 nd Periods) Thursday 12/21 st (4 th period) Section 1: PRODUCTION POSSIBLITIES FRONTIER

More information

Dunbar s Big Review Sheet AP Macroeconomics Exam Content Area [Hubbard Textbook pages] (percentage coverage on AP Macroeconomics Exam) I.

Dunbar s Big Review Sheet AP Macroeconomics Exam Content Area [Hubbard Textbook pages] (percentage coverage on AP Macroeconomics Exam) I. Dunbar s Big Review Sheet AP Macroeconomics Exam Content Area [Hubbard Textbook pages] (percentage coverage on AP Macroeconomics Exam) I. Basic Economic Concepts (8-12%) Three Fundamental Questions [8]:

More information

Foundations of Economics 5 th Edition, AP Edition 2011

Foundations of Economics 5 th Edition, AP Edition 2011 A Correlation of 5 th Edition, AP Edition 2011 Advanced Placement Microeconomics and Macroeconomics Topics AP is a trademark registered and/or owned by the College Board, which was not involved in the

More information

Principles of Macroeconomics Economics 202 Spring 2010

Principles of Macroeconomics Economics 202 Spring 2010 Principles of Macroeconomics Economics 202 Spring 2010 Dr. Stuart Allen 334-3166 Office Hours: Before Class Department Office 462 Bryan E-mail: stuart_allen@uncg.edu PURPOSE This course uses market analysis

More information

Dominican International School. AP MACROECONOMICS 1 Year, 1 Credit GRADE LEVEL: 11 and /19 TEACHER: Dr Mercia de Souza

Dominican International School. AP MACROECONOMICS 1 Year, 1 Credit GRADE LEVEL: 11 and /19 TEACHER: Dr Mercia de Souza 1 Dominican International School AP MACROECONOMICS 1 Year, 1 Credit GRADE LEVEL: 11 and 12 2018/19 TEACHER: Dr Mercia de Souza Course Description An AP course in Macroeconomics is designed to give students

More information

Foundations of Economics 5 th Edition, AP*Edition 2011

Foundations of Economics 5 th Edition, AP*Edition 2011 A Correlation of 5 th Edition, AP*Edition 2011 To the Advanced Placement Topics Microeconomics and Macroeconomics *Advanced Placement, Advanced Placement Program, AP, and Pre-AP are registered trademarks

More information

Macroeconomics. Identify and apply relevant terminology and concepts to economic issues and problems.

Macroeconomics. Identify and apply relevant terminology and concepts to economic issues and problems. Macroeconomics Course Text and Study Guide Text: McConnell, Campbell R. and Stanley L. Brue. Macroeconomics: Principles, Problems, and Policies, 17th edition. McGraw-Hill, 2008. ISBN 0-07-327308-2. Study

More information

Hill College 112 Lamar Dr. Hillsboro, Texas 76645

Hill College 112 Lamar Dr. Hillsboro, Texas 76645 Hill College 112 Lamar Dr. Hillsboro, Texas 76645 COURSE SYLLABUS Course Prefix and Number ECON 2301 Course Title PRINCIPLES OF MACROECONOMICS Prepared by: T. SMITH Date: April 2010 Approved by: Susan

More information

University of International Business and Economics International Summer Sessions. ECON 105: Macroeconomics

University of International Business and Economics International Summer Sessions. ECON 105: Macroeconomics University of International Business and Economics International Summer Sessions ECON 105: Macroeconomics Term: May 30-June 24, 2016 Instructor: Peter Wylie Home Institution: University of British Columbia,

More information

The Aggregate Expenditures Model. A continuing look at Macroeconomics

The Aggregate Expenditures Model. A continuing look at Macroeconomics The Aggregate Expenditures Model A continuing look at Macroeconomics The first macroeconomic model The Aggregate Expenditures Model What determines the demand for real domestic output (GDP) and how an

More information

IB Economics Unit 2: Macroeconomics. Class Assignments: Week #11

IB Economics Unit 2: Macroeconomics. Class Assignments: Week #11 IB Economics Unit 2: Class Assignments: Week #11 Monday November 9, 2015 Read & Discuss: 11.1 The Circular Flow Model of Income pages 234-237 Explain: The Circular Flow Diagram on page 236 (put in your

More information

JEFFERSON COLLEGE COURSE SYLLABUS ECO101 MACROECONOMICS. 3 Credit Hours. Prepared by: James Watson. Revised Date: February 2007 by James Watson

JEFFERSON COLLEGE COURSE SYLLABUS ECO101 MACROECONOMICS. 3 Credit Hours. Prepared by: James Watson. Revised Date: February 2007 by James Watson JEFFERSON COLLEGE COURSE SYLLABUS ECO101 MACROECONOMICS 3 Credit Hours Prepared by: James Watson Revised Date: February 2007 by James Watson Arts & Science Education Dr. Mindy Selsor, Dean ECO101 MACROECONOMICS

More information

Name: Student # : Section: RYERSON UNIVERSITY Department of Economics

Name: Student # : Section: RYERSON UNIVERSITY Department of Economics Name: Student # : Section: RYERSON UNIVERSITY Department of Economics ECN 204 (Section-7) TERM TEST 2 November, 2004 Instructor: Sharif F. Khan Time Limit: 50 minutes Total Pages Including the Cover Sheet:

More information

GO ON TO THE NEXT PAGE. -8- Unauthorized copying or reuse of any part of this page is illegal.

GO ON TO THE NEXT PAGE. -8- Unauthorized copying or reuse of any part of this page is illegal. 30. Which of the following is most likely to be caused by an adverse supply shock? (A) Structural unemployment (B) Frictional unemployment (C) Demand-pull inflation (D) Cost-push inflation (E) Deflation

More information

San José State University Econ 1A, Principles of Macroeconomics, Section 19, Fall 2014

San José State University Econ 1A, Principles of Macroeconomics, Section 19, Fall 2014 San José State University Econ 1A, Principles of Macroeconomics, Section 19, Fall 2014 Instructor: Office Location: Telephone: Email: Office Hours: Class Days/Time: Classroom: Dr. Yeung-Nan Shieh DMH 142

More information

Module 4: Applications of Supply and Demand

Module 4: Applications of Supply and Demand The following list shows a summary of the topics covered in the macroeconomics course. Module 1: Economic Thinking Understanding Economics and Scarcity The Concept of Opportunity Cost Labor, Markets, and

More information

Macroeconomics

Macroeconomics Macroeconomics 978-1-63545-006-4 To learn more about all our offerings Visit Knewtonalta.com Source Author(s) (Text or Video) Title(s) Link (where applicable) OpenStax Senior Contributing Authors: Steve

More information

The Influence of Monetary and Fiscal Policy on Aggregate Demand. Lecture

The Influence of Monetary and Fiscal Policy on Aggregate Demand. Lecture The Influence of Monetary and Fiscal Policy on Aggregate Demand Lecture 10 28.4.2015 Previous Lecture Short Run Economic Fluctuations Short Run vs. Long Run The classical dichotomy and monetary neutrality

More information

Two (2) lecturers will deliver the course on the St. Augustine campus. Their contact is as follows:

Two (2) lecturers will deliver the course on the St. Augustine campus. Their  contact is as follows: COURSE TITLE: INTRODUCTION TO MACROECONOMICS COURSE CODE: ECON 1002 COURSE TYPE: CORE LEVEL: 1 SEMESTER: 3 NO. OF CREDITS: 3 PREREQUISITES: NONE DEPARTMENT: ECONOMICS INSTRUCTOR INFORMATION Two (2) lecturers

More information

INTRODUCTION: TEACHING STRATEGIES:

INTRODUCTION: TEACHING STRATEGIES: Course Code: ECON 2002 Course Title: Intermediate Macroeconomics I Level: 2 Semester: 1(September December 2013) No. of Credits: 3 Pre-requisite(s): ECON 1001and ECON 1002 INTRODUCTION: We warmly welcome

More information

Principles of Macroeconomics Economics 202 Fall 2009

Principles of Macroeconomics Economics 202 Fall 2009 Principles of Macroeconomics Economics 202 Fall 2009 Dr. Stuart Allen 334-3166 Office Hours: Before Class Department Office 462 Bryan E-mail: stuart_allen@uncg.edu PURPOSE This course uses market analysis

More information

Course Map Economics

Course Map Economics Course Title: Economics Course Map Text: Thinking Economics (National Council on Economic Education) Duration: one semester Frequency: one class period daily Year: 2013-2014 Other materials: Areas to be

More information

Principles of Macroeconomics: ECO201

Principles of Macroeconomics: ECO201 Principles of Macroeconomics: ECO201 Gogebic Community College E4946 Jackson Road Ironwood, MI 49938 (906)932-4231 or 1-800-682-5910 www.gogebic.edu Instructor: Dennis Mackey mackeyd@gogebic.edu Office:

More information

AP Macroeconomics review. By: Maria Villasmil. Economis: The study of how people, firms, and government make decisions when faced with scarcity.

AP Macroeconomics review. By: Maria Villasmil. Economis: The study of how people, firms, and government make decisions when faced with scarcity. AP Macroeconomics review By: Maria Villasmil Economis: The study of how people, firms, and government make decisions when faced with scarcity. Factors of Production: 1)Land: natural resources 2) Labor:

More information

MBA 703: ECONOMIC ENVIRONMENT OF THE FIRM SPRING 2013

MBA 703: ECONOMIC ENVIRONMENT OF THE FIRM SPRING 2013 MBA 703: ECONOMIC ENVIRONMENT OF THE FIRM SPRING 2013 Stuart Allen (sdallen@uncg.edu) 334-3166 (Direct Line) 462 Economics Department Office hours: Available before or after class CATALOG DESCRIPTION Economic

More information

Shanghai Livingston American School Quarterly / Trimester Plan 2

Shanghai Livingston American School Quarterly / Trimester Plan 2 Shanghai Livingston American School Quarterly / Trimester Plan 2 Concept / Topic To Teach: Specific Objectives: Week 1 Week 2 Week 3 Week 4 Unit 3 Module 16 INCOME AND EXPENDITURES Comprehend the nature

More information

Archimedean Upper Conservatory Economics, November 2016 Quiz, Unit VI, Stabilization Policies

Archimedean Upper Conservatory Economics, November 2016 Quiz, Unit VI, Stabilization Policies Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The federal budget tends to move toward _ as the economy. A. deficit; contracts B. deficit; expands C.

More information

ECON 1010 Principles of Macroeconomics Solutions to Exam #3. Section A: Multiple Choice Questions. (30 points; 2 pts each)

ECON 1010 Principles of Macroeconomics Solutions to Exam #3. Section A: Multiple Choice Questions. (30 points; 2 pts each) ECON 1010 Principles of Macroeconomics Solutions to Exam #3 Section A: Multiple Choice Questions. (30 points; 2 pts each) #1. In an open economy where government spending was $30 billion, consumption was

More information

Figure 3-3: Consumer and Capital Goods

Figure 3-3: Consumer and Capital Goods AP Economics 2018-2019 Final Exam Krugman Text Study Sheet Module/Question# 1/1 Microeconomics deals with: 1/2 Macroeconomics deals with: 1/3 Scarcity in economics means: 2/4 Too little spending in an

More information

VHS AP Economics Syllabus Microeconomics and Macroeconomics Syllabus 33 week course

VHS AP Economics Syllabus Microeconomics and Macroeconomics Syllabus 33 week course VHS AP Economics Syllabus Microeconomics and Macroeconomics Syllabus 33 week course Textbook: Krugman, P., & Wells, R., (2006). Economics. NY: Worth Publishers Recommended Reading: Buccholz,, Todd, New

More information

READ CAREFULLY Failure to read has been a problem on the exams

READ CAREFULLY Failure to read has been a problem on the exams Introduction to Agricultural Economics Agricultural Economics 105 Fall 2009 Third Hour Exam Version 1 READ CAREFULLY Failure to read has been a problem on the exams Name Section -3 points for wrong section

More information

NATIONAL INCOME DETERMINATION WORK SCHEDULE (TEXT CHAPTER: 8)

NATIONAL INCOME DETERMINATION WORK SCHEDULE (TEXT CHAPTER: 8) DAY 1: NATIONAL INCOME DETERMINATION WORK SCHEDULE (TEXT CHAPTER: 8) Objective: Create a circular flow of demand in the Macroeconomy and identify leakages and infections within the economy. DAY 2: Assign:

More information

AP Macroeconomics Unit 5 & 6 Review Session

AP Macroeconomics Unit 5 & 6 Review Session AP Macroeconomics Unit 5 & 6 Review Session Stabilization Policies 1. Use the AD-AS model to answer this question. The economy of Macroland is initially in long-run equilibrium. Then the central bank of

More information

Principles of Managerial Accounting Syllabus ACG 2071, summer 2018, June 25 - July 27

Principles of Managerial Accounting Syllabus ACG 2071, summer 2018, June 25 - July 27 Principles of Managerial Accounting Syllabus ACG 2071, summer 2018, June 25 - July 27 Course & Faculty Information Lecturer: E-mail: Time: Monday through Friday (1.8 contact hours each day) Contact hour:

More information

BUSI 101 Capital Markets and Real Estate

BUSI 101 Capital Markets and Real Estate BUSI 101 Capital Markets and Real Estate PURPOSE AND SCOPE The Capital Markets and Real Estate course (BUSI 101) is intended to acquaint the student with the basic principles of macroeconomics and to give

More information

MACROECONOMICS. Section I Time 70 minutes 60 Questions

MACROECONOMICS. Section I Time 70 minutes 60 Questions MACROECONOMICS Section I Time 70 minutes 60 Questions Directions: Each of the questions or incomplete statements below is followed by five suggested answers or completions. Select the one that is best

More information

AS Economics: ECON2 Economics: The National Economy 2009/10

AS Economics: ECON2 Economics: The National Economy 2009/10 2 weeks 1 st Sep - 11 th Sep Term 1 Introduction to the objectives and instruments of government This is an introduction to 3.2.3, 3.2.1 macroeconomic policy the Unit and most of the content Candidates

More information

Principles of Macroeconomics December 17th, 2005 name: Final Exam (100 points)

Principles of Macroeconomics December 17th, 2005 name: Final Exam (100 points) EC132.02 Serge Kasyanenko Principles of Macroeconomics December 17th, 2005 name: Final Exam (100 points) This is a closed-book exam - you may not use your notes and textbooks. Calculators are not allowed.

More information

FINAL EXAM GROUP B. Instructions: EC and EC ID #: Spring May 26, 2015

FINAL EXAM GROUP B. Instructions: EC and EC ID #: Spring May 26, 2015 EC102.03 and EC 102.05 NAME: ID #: Spring 2015 FINAL EXAM GROUP B May 26, 2015 Instructions: You have 100 minutes to complete the exam. There will be no extensions. The exam consists of 50 multiple choice

More information

2.2 Aggregate demand and aggregate supply

2.2 Aggregate demand and aggregate supply The business cycle Short-term fluctuations and long-term trend Explain, using a business cycle diagram, that economies typically tend to go through a cyclical pattern characterized by the phases of the

More information

5 Macroeconomics SAMPLE QUESTIONS

5 Macroeconomics SAMPLE QUESTIONS MULTIPLE-CHOICE UNIT E09 Macroeconomics Summative Exam Sample Multiple-Choice Questions Circle the letter of each correct answer. 1. Which of the following monetary and fiscal policy combinations would

More information

CURRICULUM COURSE OUTLINE

CURRICULUM COURSE OUTLINE CURRICULUM COURSE OUTLINE Course Name(s): Grade(s): 11-12 Department: Course Length: Pre-requisite: Macroeconomics Social Studies 1 Semester Microeconomics Textbook/Key Resource: McConnell and Brue. Macroeconomics

More information

Shanghai Livingston American School Quarterly / Trimester Plan 3 AP Macro

Shanghai Livingston American School Quarterly / Trimester Plan 3 AP Macro Shanghai Livingston American School Quarterly / Trimester Plan 3 AP Macro Concept / Topic To Teach: Unit 4 MODULE 22: SAVING, INVESTMENT, AND THE FINANCIAL Specific Objectives: ELD Standards SYSTEM Week

More information

Economic Performance Indicators - Unemployment, CPI, GDP

Economic Performance Indicators - Unemployment, CPI, GDP Supply and Demand law of demand income effect substitution effect change in quantity demanded vs. change in demand determinants of demand (TRIBE) normal vs. inferior goods supplied vs. change in supply

More information

Objectives of Macroeconomics ECO403

Objectives of Macroeconomics ECO403 Objectives of Macroeconomics ECO403 http//vustudents.ning.com Actual budget The amount spent by the Federal government (to purchase goods and services and for transfer payments) less the amount of tax

More information

Chapter 1: Economics: The Core Issues - WHAT IS THIS CHAPTER ALL ABOUT?

Chapter 1: Economics: The Core Issues - WHAT IS THIS CHAPTER ALL ABOUT? Principles of Economics ECON 2301/2302 Schiller, 14th Edition Chapter Learning Objectives Chapter 1: Economics: The Core Issues - The chapter introduces students to the basic building blocks of economics

More information

3. Explain what the APS tells us about people s spending and saving habits.

3. Explain what the APS tells us about people s spending and saving habits. National Income and Price Determination Reading Guide Chapters 9, 10 and 11 Chapter 9: Building the Aggregate Expenditures Model Objective... 1. Explain how the consumption schedule helps us find equilibrium

More information

7. Refer to the above graph. It depicts an economy in the: A. Immediate short run B. Short run C. Immediate long run D. Long run

7. Refer to the above graph. It depicts an economy in the: A. Immediate short run B. Short run C. Immediate long run D. Long run CHAPTER 29 1. When the price level decreases: A. The demand for money falls and the interest rate falls B. Holders of financial assets with fixed money values decrease their spending C. Holders of financial

More information

1. When the Federal government uses taxation and spending actions to stimulate the economy it is conducting:

1. When the Federal government uses taxation and spending actions to stimulate the economy it is conducting: 1. When the Federal government uses taxation and spending actions to stimulate the economy it is conducting: A. Fiscal policy B. Incomes policy C. Monetary policy D. Employment policy 2. When the Federal

More information

Lahore University of Management Sciences. MECO 121 Principles of Macroeconomics

Lahore University of Management Sciences. MECO 121 Principles of Macroeconomics MECO 121 Principles of Macroeconomics Spring 2012-13 Instructor Room No. Office Hours Email Telephone Secretary/TA TA Office Hours Course URL (if any) Mr. Daud Ahmed Dard daud@lums.edu.pk Course Basics

More information

UNIVERSITY OF TORONTO Faculty of Arts and Science. August Examination 2006 ECO 209Y

UNIVERSITY OF TORONTO Faculty of Arts and Science. August Examination 2006 ECO 209Y UNIVERSITY OF TORONTO Faculty of Arts and Science August Examination 2006 ECO 209Y Duration: 2 hours Examination Aids allowed: Non-programmable calculators only INSTRUCTIONS: Students are required to answer

More information

ECON 102 (RATNA) MIDTERM EXAM REVIEW SESSION BY PHUONG VU

ECON 102 (RATNA) MIDTERM EXAM REVIEW SESSION BY PHUONG VU ECON 102 (RATNA) MIDTERM EXAM REVIEW SESSION BY PHUONG VU 1 TABLE OF CONTENT I. Table of Content II. Introduction III. Review of Key Terms & Formulas (Ch 19) IV. Review of Key Terms & Formulas (Ch 19)

More information

AP Economics Pacing Guide

AP Economics Pacing Guide AP Economics Pacing Guide Course Description: The purpose of AP Macroeconomics is to understand the principles of economics that apply to an economic system as a whole. The course will explore the study

More information

Print last name: Solution Given name: Student number: Section number:

Print last name: Solution Given name: Student number: Section number: Department of Economics University of Toronto at Mississauga ECO202Y5Y Macroeconomic Theory and Policy Summer Session: June 2003 Test One Instructor: Xinhua Gu Date: Tuesday, June 10, 2003 Time allowed:

More information

!&Z -** -. oremacroeconorracs. Gerald W. Stone Metropolitan State College of Denver. Worth Publishers

!&Z -** -. oremacroeconorracs. Gerald W. Stone Metropolitan State College of Denver. Worth Publishers V -** -.!&Z oremacroeconorracs 1 Gerald W. Stone Metropolitan State College of Denver Worth Publishers BRIEF CONTENTS CHAPTER 1 Exploring Economics 1 CHAPTEFL2 j Production, Economic Growth, and Trade

More information

Principles of Macroeconomics December 15th, 2005 name: Final Exam (100 points)

Principles of Macroeconomics December 15th, 2005 name: Final Exam (100 points) EC132.01 Serge Kasyanenko Principles of Macroeconomics December 15th, 2005 name: Final Exam (100 points) This is a closed-book exam - you may not use your notes and textbooks. Calculators are not allowed.

More information

Advanced Placement Macroeconomics Syllabus

Advanced Placement Macroeconomics Syllabus Mr. Eric Krause Coral Reef Senior High School ekrause1@dadeschools.net 2018-2019 Advanced Placement Macroeconomics Syllabus All who have meditated on the art of governing mankind have been convinced that

More information

Yr 1 Macro Economics The UK economy performance and policies Summer Homework BOOKLET

Yr 1 Macro Economics The UK economy performance and policies Summer Homework BOOKLET Yr 1 Macro Economics The UK economy performance and policies Summer Homework BOOKLET TRANSFORM The content of the lessons into notes in your own words. PRACTISE Applying this content to exam questions.

More information

AP Macroeconomics Graphical Overview

AP Macroeconomics Graphical Overview AP Macroeconomics Graphical Overview 1. The business cycle. 2. Aggregate supply curve (with breakdown of sections). 3. Expansionary ( easy ) monetary policy (Buy bonds, discount rate, reserve requirement).

More information

Econ 102 Exam 2 Name ID Section Number

Econ 102 Exam 2 Name ID Section Number Econ 102 Exam 2 Name ID Section Number 1. In a closed economy government spending was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $110 billion this year. Investment spending

More information

Econ 102/Lecture 100 Final Exam Form 1 April 27, 2005

Econ 102/Lecture 100 Final Exam Form 1 April 27, 2005 Econ 102/Lecture 100 Final Exam Form 1 April 27, 2005 1. The Wall Street Journal reports that 2004 saw an increase in the real interest rate and a simultaneous depreciation of the real exchange rate. Which

More information

ECO 209Y L0101 MACROECONOMIC THEORY. Term Test #2

ECO 209Y L0101 MACROECONOMIC THEORY. Term Test #2 Department of Economics Prof. Gustavo Indart University of Toronto June 25, 2012 ECO 209Y L0101 MACROECONOMIC THEORY Term Test #2 LAST NAME FIRST NAME STUDENT NUMBER INSTRUCTIONS: 1. The total time for

More information

Economic 100B Macroeconomic Analysis Professor Steven Wood. Exam #2 ANSWERS

Economic 100B Macroeconomic Analysis Professor Steven Wood. Exam #2 ANSWERS Name: SID: Discussion Section: GSI: Economic 100B Macroeconomic Analysis Professor Steven Wood Fall 2008 Exam #2 ANSWERS Please sign the following oath: The answers on this test are entirely my own work.

More information

ECON Intermediate Macroeconomics (Professor Gordon) Final Examination: Fall 2015 Answer sheet

ECON Intermediate Macroeconomics (Professor Gordon) Final Examination: Fall 2015 Answer sheet ECON 311 - Intermediate Macroeconomics (Professor Gordon) Final Examination: Fall 2015 Answer sheet YOUR NAME: Student ID: Circle the TA session you attend: INSTRUCTIONS: Chris 10AM Michael - 3PM Hugh

More information

ECON 102 (RATNA) FINAL EXAM REVIEW SESSION BY PHUONG VU

ECON 102 (RATNA) FINAL EXAM REVIEW SESSION BY PHUONG VU ECON 102 (RATNA) FINAL EXAM REVIEW SESSION BY PHUONG VU TABLE OF CONTENT I. Chapter 19 & 20 II. Chapter 21 &22 III. Chapter 23, 24 & 25. IV. Chapter 26 V. Chapter 27, 28 & 29. VI. Chapter 27, 28 & 29 (cont.)

More information

Summit Public Schools Summit, New Jersey. AP Macroeconomics Course of Study Grades One Semester

Summit Public Schools Summit, New Jersey. AP Macroeconomics Course of Study Grades One Semester Summit Public Schools Summit, New Jersey AP Macroeconomics Course of Study Grades 11-12 One Semester Course Description: AP Macroeconomics introduces qualified students to the discipline of macroeconomics

More information

EC and MIDTERM EXAM I. March 26, 2015

EC and MIDTERM EXAM I. March 26, 2015 EC102.03 and 102.05 Spring 2015 Instructions: MIDTERM EXAM I March 26, 2015 NAME: ID #: You have 80 minutes to complete the exam. There will be no extensions. The exam consists of 40 multiple choice questions.

More information

3 Macroeconomics SAMPLE QUESTIONS

3 Macroeconomics SAMPLE QUESTIONS MULTIPLE-CHOICE UNIT E07 Unit Summative Assessment Sample Multiple-Choice Questions Circle the letter of each correct answer. 1. Which of the following best describes aggregate supply? (A) The amount buyers

More information

AP Macroeconomics - Mega Macro Review Sheet Answers

AP Macroeconomics - Mega Macro Review Sheet Answers AP Macroeconomics - Mega Macro Review Sheet Answers 1. The business cycle. 2. Aggregate supply curve (with breakdown of sections). 3. Expansionary ( easy ) monetary policy (Buy bonds, discount rate, reserve

More information

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Influence of Monetary and Fiscal Policy on Aggregate Demand Chapter 32 The Influence of Monetary and Fiscal Policy on Aggregate Demand Test B 1. Of the effects that help explain why the U.S. aggregate demand curve slopes downward the a. wealth effect is most important

More information

ECO 209Y MACROECONOMIC THEORY AND POLICY

ECO 209Y MACROECONOMIC THEORY AND POLICY Department of Economics Prof. Gustavo Indart University of Toronto February 14, 2014 ECO 209Y MACROECONOMIC THEORY AND POLICY Term Test # 3 LAST NAME FIRST NAME STUDENT NUMBER Indicate your section of

More information

Economics 1012A: Introduction to Macroeconomics FALL 2007 Dr. R. E. Mueller Third Midterm Examination November 15, 2007

Economics 1012A: Introduction to Macroeconomics FALL 2007 Dr. R. E. Mueller Third Midterm Examination November 15, 2007 Economics 1012A: Introduction to Macroeconomics FALL 2007 Dr. R. E. Mueller Third Midterm Examination November 15, 2007 Answer all of the following questions by selecting the most appropriate answer on

More information