Agenda 11/21/11

1. Bell Task: What causes an AD shift? Use 1 example from the following: Expectations, International Issues, Monetary or Fiscal policy.
2. Discussion: Demand Side Policies
3. HW: Read through: pg. 391

Agenda 11/18/11

1. Bell Task: Compare and contrast Keynesian Theory to Classical Economic Theory.
2. Discussion 3.3
HW: Read Through page 384

Agenda 11/16/11

1. Exam 3.1-3.2
2. HW: Finish 3.3 Reading

Agenda 11/7/11

1. Bell Task: Describe the portions of the Short Run AS curve and the characteristics of each section.
2. Discussion 3.3: Understanding AS in the Short Run.
3. HW: Finish 3.3 Reading
Exam 3.1-3.3 Wednesday

Agenda 11/3/11

1. Bell Task: Give 2 or 3 reasons for a downward sloping AD Curve.
2. Discussion 3.2-3.3
3. HW: Read through 358

Agenda 11/2/11

1. Discussion 3.1 and 3.2
2. HW: Read Through 354

Agenda 10/24/11

1. Bell Task: Calculate GDP from the following figures:
a. Consumer expenditure= 15B
b. Government Consumption= 8B
c. Gross domestic Investment= 6B
d. Exports= 3B
e. Imports= 4.5B
f. Capital consumption (depreciation)= 2.5B

2. Discussion 3.1: Measuring National Income
3. HW: Read through 342

Agenda 10/19/11

1. Internal Assessment Practice and Grading
2. HW: Read through 313

Agenda 10/17

1. Bell Task: Show how a subsidy can be provided to a supplier to deal with a positive externality?
2. Discussion 2.4
3. HW: Exam 2.4 Tomorrow + Objectives

Agenda 10/11/11

1. Bell Task: Discuss how govt. can intervene to correct a negative externality without the use of taxation.
2. Discussion: Market Failure
3. HW: Finish 2.4

Agenda 10/11/11

Agenda 10/10/11

1. Discussion 2.4 Externalities: Positive and Negative
2. HW: Read through 289

Agenda 10/4/11

1. Bell Task: Discuss how the income elasticity of primary goods has profound implications for LDCs and their economic growth potential.
2. Exam Review 2.1-2.2
3. Exam 2.1-2.2 Wednesday (Objectives Due)

Agenda 10/4/11

Agenda 10/3/11

1. Bell Task: Explain how a firm might use the concept of elasticity to make pricing decisions.
2. Discussion 2.2
3. HW: Quiz 2.1-2.2 Wednesday

Agenda 9/28/11

1. Bell Task: Explain how the range of values for elasticity goes from infinity to zero. Where is the unit elastic point=1?
2. Discussion: Elasticity
3. HW: Read through 161

Agenda 9/26/11

1. Bell Task: People are having difficulty paying the high price of gas. Diagram the effect of a government imposed ceiling on the price of gasoline. Are consumers now better or worse off?
2. Discussion 2.1: Supply and Demand Curves
3. HW: Finish 2.1 If needed

Agenda 9/23

1. Bell Task: Using a S+D diagram, demonstrate how the price of girlscout cookies are determined to be $4.50. What happens when the price is lowered below equilibrium. There are two possible effects.
2. Discussion: Section 2.1 Supply and Demand
3. HW: Finish 2.1 Reading

Agenda 9/13/11

1. Capitalism: A Love Story
2. HW: Exam Section 1 Wednesday 9/14
Objectives Due: Get Binder

Agenda 9/12/11

1. Exam Review Section 1
2. Essay Review
3. HW: Exam Section 1 Wednesday

9/7/11

1. Group Discussion: Teaching the Benefits of Capitalism
2. Section 1 Powerpoint
3. HW: Exam Section 1 Friday

Agenda 8/31/11

1. Discussion Section 1
2. HW: Finish: Teaching the Benefits of Capitalism

Agenda 8/30/11

1. Bell Task: Discuss the importance of the price mechanism and the rationing mechanism.
2. Discussion Section 1
3. HW: Read Teaching the Benefits of Capitalism
Answer Forum Questions on separate piece of paper.

Agenda 8/29/11

1. Bell Task: Compare and contrast a market economy with a planned economy.

2. Discussion Section 1: Economic Systems
3. Exercise: Hurricane Irene and PPFs
4. HW: Finish Section 1
a. Begin article: Teaching the Benefits of Capitalism (thru top of page 5)

Agenda 8/26/11

1. Bell Task: PPF
a. Using this diagram, discuss the concepts of opportunity costs, efficiency, and factors of production.

Can we ever get to point E? How?

2. Discussion: PPF Curves
3. HW: Read through page 66

Agenda 8/24/11

1. Bell Task:
Explain the concept diminishing marginal utility.

How do PPF's demonstrate the concept of opportunity costs?

2. Discussion Section 1: Marginal Utility and PPFs
3. HW: Read through pg.52

Agenda 8/23/11

1. Bell Task: Compare and contrast development vs. sustainable development
2. Intro: What is economics?
3. Thomas Sowell: Basic Economics
4. HW: Read through page 37

Agenda 8/22/11

1. Bell Task: What are some economic questions that you wonder about?
2. Discussion: Thomas Sowell, Basic Economics
3. HW: Read through page 21.

Agenda 3/15/11

1. Bell Task: Using supply and demand diagrams, explain how trade between US and China will affect the exchange rate of both the Yen and Dollar.
2. Discussion: Exchange Rates 4.6
3. HW: Finish 4.7.
Commentary Article Due Friday, Paper Due Monday 3/21

Agenda 3-14-11

1. Discuss the Successes and Failures of the WTO from the two opposing views.
2. Discussion: Balance of Payments/WTO
3. HW: Finish 4.6 Reading on Exchange Rates

Agenda 3/10/11

1. Bell Task: How would a visit to Thailand by Italian IB students affect both countries' balance of payments?
2. Discussion 4.5: Balance of Payments
3. HW: Read 4.4, and also 4.6 through 566

Agenda 3/8/11

1. Discussion: Economic Integration/ Free Trade
2. HW: Skip 4.4, Read all of 4.5 Balance of Payments

Agenda 3/7/11

1. Discussion 4.2: Protectionism Pros and Cons
2. HW: Finish 4.3 Reading

Agenda 2/25/11

1. Bell: Diagram and explain the effects of a tariff.
2. Discussion 4.2 through page 490
3. HW: Read through 503

Agenda 1/15/11

1. Discussion 3.6
2. HW: Exam 3.5-3.6 on Thursday 2/17
Objectives Due

Agenda 2/8/11

1. Bell Task: Discuss at least 3 negative effects of inflation or diagram and discuss the difference between malignant and benign deflation.
2. Discussion 3.5: Unemployment
3. Finish through 437

Agenda 2/7/11

1. Bell Task: Diagram and explain Cyclical/Demand-deficient Unemployment.
2. Discussion: 3.5 Unemployment
3. HW: Read Through pg. 431 Inflation
Answer the Unemployment Forum Question. What top 3 suggestions would you make to the President to deal with U.S. Unemployment today?

Agenda 1/4/11

1. Bell Task: Describe Structural, Frictional, Seasonal, Natural Rate of Unemployment.
2. Discussion 3.5: Unemployment
3. HW: Read through 425

Agenda 1/28/11

1. Discussion 3.4
2. HW: finish 3.4 Objectives (download from site)
Quiz 3.1-3.4 on Thursday
Check Class forum for State of Union Speech Instructions

Agenda 1/25/11

1. Bell Task: What is an automatic stabilizer and how do they work?
2. Discussion 3.4
3. HW: Read through 4.2

Agenda 1/24/11

1. Bell Task: Using AS/AD diagrams, draw diagrams that correspond with points A, B, C on the business cycle.
2. Discussion 3.3
3. HW: Read through 391

Agenda 1/21/11

1. Bell Task: Briefly diagram and describe how an inflationary gap situation arises.
2. Discussion: Inflationary and Deflationary Gaps
3. HW: Finish 3.3 and start 3.4 to pg. 382

Agenda 1/20/11

1. Macro Presentations: Keynes vs. Classical
2. HW: Read through 364
Watch Videos 7+8
Respond to Forum Question + 1 classmates

Agenda 1/13/11

1. Bell Task: Briefly describe some of Keynesian economic philosophy.
2. Practice commentary
3. Discussion 3.3
4. HW: Commentary #2 Due Tuesday 1/18/11

Agenda 1/11/11

1. Bell Task: Discuss the three different sections of the Short Run Aggregate Supply Curve. Why is each sloped they way they are?
2. Discussion 3.2 and Intro to 3.3
3. HW: Read through 359

Agenda 1/10/11

1. Bell Task: Discuss at least 2 of the major issues related measuring development.
2. Discussion 3.2
3. HW: Read Through pg. 351

Agenda 1/7/11

1. Bell Task: Discuss at least 2 of the weaknesses when comparing GDP between countries.
2. Discussion 3.2
3. HW: Finish 4.2
Commentary #2 Due January 18 Tuesday