Agenda 12/11

1.  Discussion:   IA grading
2.  Section 2.17:   Unemployment
3.  HW:  Finish 2.17 Objectives (Edmodo)

Agenda 12/5/12

Internal Assessment Introduction
HW: Read Thru pg. 211  Demand Deficient Unemployment

Agenda 11/26/12

1.  Economic Challenge Group Preparation
2.  HW:  Group Presentations Tomorrow

Agenda 11/9/12

1.  Discussion Section 2.16 Macro
2.  HW:   No new reading but I would recommend a re-reading of section 2.16.   Possible quiz on Tuesday.

Agenda 11/06/12

1.   Bell Task:  Distinguish between Interventionist and Market based Supply-side policies.
2.   Discussion:  Supply-side policies 1.15
3.  HW:  Read thru 198
Bring books to class

Agenda 11/5/12

1.   Quiz: 

Compare and contrast the different ways in which the new classical school and the Keynesian school view SRAS and LRAS.  How are they drawn differently?

2.   SRAS vs. LRAS
3.   Read thru 196

Agenda 11/2/12

1.   Quiz:    Compare and contrast the Keynesian LRAS curve to the New Classical LRAS.

2.  Discussion 2.14 and 2.15:   AD and AS curves

3.  HW:   No new reading.   Read thru 191

Agenda 10/30/12

1.   Bell Task:   Discuss each component of AD and what causes changes in each component.


2.   Discussion 2.14:  Aggregate Demand
Fiscal vs. Monetary Policy and AD

3.  HW:   Bring Books Wednesday
Read Thru 191 by Friday

Agenda 10/23/12

1.   Exam Section 1
2.   HW:  Read thru 174

Agenda 10/23/12

Exam Tomorrow
Sections 1.04, 1.05, 1.12

Agenda 10/22/12

1.  Bell Task:   Quiz:  Measuring National Income
2.  Discussion:  Measuring National Income
3.  HW:  Exam Wednesday

1.04 Elasticities,
1.05 Subsidies and Indirect Taxes (exclude price controls),
1.12  Market Failure

Agenda 10/19/12

1.  Bell Task:    Which is likely to be greater for the US?  GDP or GNP.   Ireland?

Have you all registered?


2.  Discussion 2.13:  National Income

HW:   Read thru 174

Agenda 10/17/12

1.   Registration
2.   Discussion 1.12:  Externality Groupwork
3.   Sustainability, Common Access Resources
4.  HW:  Read thru 165

Agenda 10/10/12

1.  Quiz:   Diagram the effects of a subsidy.

2.  Discussion:  Externalities, Subsidies, and Indirect Taxes

3.  HW:   Read 139-147:  Positive and Negative Externalities

Agenda 10/8/12

1.  Bell Task:    Comment on the range of yED values.  Give an example for each value.
a.   0.5
b.   2.0
c.  -2.5

2.  Explain how it matters where the origin of the line is when discussing PES.

3.  Student Workpoint 4.7
4.  List all the PES determinants.
5.  HW:  thru pg. 74

Agenda 10/1/12

1.  Quiz: 
Good A has a value of 0.25 PED
Good B has value of 2.0 PED.

If that is all you know about these goods, what can you say about each.
Which would be better to raise prices on?   Why?

2.  Discussion:   Price Elasticity of Demand
3.  Student Workpoint 4.4 pg. 52
4.  HW:  Read thru page 62

Agenda 9/28/12

1.   Exam 1 Today +  Objectives due today
2.   HW:  Read through Elasticity on pg. 54

Agenda 9/25/12

1.   Exam 1 Review
2.   Price Floors and Ceilings, Buffer Stock Schemes
3.   HW:   Exam 1 Wednesday +  Objectives and Diagrams Due Wednesday

Agenda 9/19/12

1.  Bell Task:   Argue in favor or against the following statement:

Minimum wage laws are actually harmful to poor workers.

2.  Demand, Supply, Shortage, Surplus

3.  HW:  Read thru page 54 Elasticy

Agenda 9/18/12

Quiz: 

1.   Explain the difference between a SHIFT of the SUPPLY curve or a movement ALONG the curve.   Be sure to list at least 3 factors that cause a shift as explained in your text.

2.  Demand and Supply Curves, Surpluses and Shortages.
3.  HW:   Read Thru page 39

Agenda 9/17/12

1.  Bell Task:

 Draw a circular flow diagram that shows flow of payments in both the factor market and product market


2.   Discussion: 
Free Markets vs. Planned Economies

Marginal Utility
Circular Flow


3.   HW:  Read thru pg. 39

Agenda 9/14/12

1.  Capitalism vs. Socialism  Characteristics and Pros and Cons
2.  Review both Reading Packets
3.  HW:   Read thru page 34:  Supply and Demand Curves

Agenda 9/10/12

1.  Bell Task:   What are the advantages and disadvantages of Capitalism?
2.  Discussion:  The Benefits of Capitalism
3.  HW:   Read pages 1-10 of The Case for Socialism (on website)
Answer Questions 1-5 (Submit on Edmodo)

Agenda 9/7/12

1.  Bell Task:   Hurricanes and PPF curves.
Using a PPF describe what New Orleans' curve looked like before and after the hurricane.
Use Tourism and Infrastructure as your axes categories.
What do points inside, on, and outside the curve represent?
Where can you show opportunity costs?

2.  Discussion:
PPF
What, How, For Whom
Capitalism

3.  HW:  Finish Benefits of Capitalism Packet and questions.

Agenda 9/4/12

1.  Bell Task:
a.   Describe each of the 4 factors of production.

b.   How do planned economies and free market ones answer the following production questions:  What, How, and For Whom do we produce?

2.  Introduction to economics
3.  Production Possibilties Frontiers
4.  HW:   Read pages 1-10 of Benefits of Capitalism Packet

8/31/12

1.  Bell Task:  Desert Island Scenario

a.       If you were stranded on an island alone, would economics be a factor?  How would adding 5 more individuals change things.

b.      Make a list of decisions you would have to make.

c.       How can we connect this list to economics?

2.  Edmodo.com
3.  What is Economics Diagram
4.   Introduction to Economics
What, How, and For Whom to produce.
Production Possibilties Frontier:   Hurricane Scenario

HW:  Read through pg. 11

Agenda 4/30/12

1. Final Exam Paper 1 Today 2. Review Session Thursday 8th Period 1:15 3. HW: Paper 1 2011 (1 Question) Paper 2 2010 (2 Questions) Extra Credit for Attending Review Session

Agenda 4/23/12

1. Exam Review 2. Final Exam Paper 2 Wednesday 4/25 Homework: 2009 Paper 1: Do ONE question Paper 2: Do TWO questions

Agenda 3/7

1. Commentary #3 Return
2. Make-up Exams 4.4-4.7
3. Reminder: Commentary #4 Due March 19
4. HW: Review 4.8 and start section 5.1 thru pg. 615 (middle of page)

Agenda 2/27/12

1. Exam Return 4.1-4.4
2. Discussion: Currency Crisis and Exchange Rates
3. HW: Finish 4.7
Exam 4.5-4.8 Friday

Agenda 2/23/12

1. Bell Task:
a. If Japan wanted to increase it's export competitiveness what actions could it take to do so? (Use a diagram)
b. Show how a fixed exchange rate works. (Use diagram)

2. Discussion: Fixed Exchange Rates
3. HW: Read thru 575

Agenda 2/22/12

1. Bell Task: What will be the effect on Japanese exchange rate if Japanese imports rise?
2. Discussion 4.6 Exchange Rates
3. HW: Read thru 575

Agenda 2/17/12

1. Bell Task: Practice Balance of Payments
2. Discussion: Capital Account
3. HW: Read Thru 567

Agenda 2/14/12

1. Bell Task: Discuss the main components that comprise the current account.
2. Article: The 1920 Recession
3. Discussion: Current Account
4. HW: Finish Section 4.5

Agenda 1/1/12

1. Exam 3.4-3.6 Revisions
2. HW: Read finish 4.3
Exam 4.1-4.3 on Wednesday

Agenda 1/17/12

1. Exam Chapters 3.4-3.6
2. HW: Bring any Commentary Research to Class to work on.

Agenda 1/12/12

1. Bell Task: How are create a PPF curve with two items. Show how your curve demonstrates the concept of Opportunity Costs.
2. Discussion Chapter 1: Opportunity Costs and PPF Curves
3. HW: Chapter 1 Exam Tuesday
Finish and submit Objectives thru Edmodo.com

Agenda 1/9/12

1. Bell Task: Describe the difference between real wage unemploy vs. demand deficient unemploy.
2. What is economics reading and discussion
3. Discussion: Types of Unemployment
4. HW: Finish 3.5 Reading

Agenda 1/5/12

1. Bell Task: Define the natural rate of unemployment.
2. Discussion: Unemployment
3. HW: Read thru 431

Agenda 1/4/12

1. Bell Task: What are a few of the most crucial things you've learned about Supply/Demand Side Policies?
2. Review: Supply Side/Demand Side Policies
3. Commentary Research
4. HW: Read thru 425