Agenda 12/11/13

1.  Quiz:  Inflation
2.  Discussion:   Types of Inflation and solutions
3.  HW:  Finish 2.18 reading if not done yet.

Friday will be available for students to review for Finals.

Agenda 12/2/13

1.  Discussion:  Unemployment
2.  HW:  Quiz 2.17 Tuesday (Tomorrow)

Agenda 11/18/13

1.  Bell Task:   How is unemployment measured?  What problems are found in measuring unemployment?

2.  Discussion 2.17:  Measuring Unemployment and Types of Unemployment

3.  HW:  Finish 2.17 Objectives, Quiz 2.17 Friday

Agenda 10/30/13

1.  Economic Challenge Presentations
2.  HW:  Exam
Sections 1.13 and 1..14 Monday
Sections 1.15 and 1.16  Tuesday

Agenda 10/28/13

1.  Economic Challeges Group Work
2.  HW:  Be prepared to give presentations on Tuesday, Wed, Thurs.

Agenda 10/25/13

Bell Task:   From the Keynesian perspective, show how shifting LRAS affects price level.

1.   Homework review:  16.1, 16.2 Workpoints, Exam reveiw pg. 202
2.  HW:   Prepare Economic Challenge solutions.

Agenda 10/23-24/13

1.  Quiz:   LRAS
2.   Discussion 2.16 Macroeconomic equilibrium
3.   Review:   16.1 and 16.2

4.   HW:
 Exam Review Questions
Pg. 202  #1-3

Agenda 10/22/13

1.   Bell Task:  

List Demand Side Policies,  Market-based Supply Side, Interventionist Supply Side Policies

2.   Argue from your teams perspective, the best approach to help an economy.

3.  HW:   Student Workpoint 16.1 and 16.2  (Separate Paper)

Agenda 10/21/13

1.  Bell Task:   Discuss Fiscal and Monetary solutions to slow GDP growth.

2.  Discussion 2.15:   Aggregate Supply

Compare the Keynesian and New Classical explanations for LRAS.

3.  HW:  Read Thru 198

Agenda 10/18/13

1.  Bell Task:  Read:  Rising Household Debt Threatens Recovery pg. 174
a.  Using AD/AS diagram, explain how the issue of Debt in Canada may affect the Canadian economy.
b.  Suggest moves that the Canadian govt. could make to improve the economy.  Use both Fiscal and Monetary Policy.

2.  Discussion 2.14:  Aggregate Demand Components
3.  Student Workpoint 14.3 (In Journal)
4.  HW:   Read thru pg.  190

Agenda 10/17/13

1.  Bell Task:  Evaluate the use of GDP as a means of comparing countries.
2.  Exam Handback and review
3.  Discussion 2.14  Aggregate Demand
 4.  HW:   Read Thru pg. 181

Agenda 10/11/13

1.   Bell Task:   Distinguish between the following:

GDP
GNP (GNI)

Why is it important to measure GDP?
Why might we want to use GDP instead of GNP?
List your guess of top 10 GDP/capita countries.

Why would you expect an LDC to have GDP>GNP?

2.  Measuring National Income
3.  The Business Cycle
4.  HW:  Read thru 179

Agenda 10/9/13

1.  Bell Task:   What is Macro-economics?   What are it's main goals?

2.  Discussion: 2.13
Circular Flow Model
Measuring National Income
GDP
GNP/GNI
Nominal vs. Real GDP
GDP per Capita

3.  HW:   Read Thru: 174

Agenda 10/8/13

1.  Exam 1.05 and 1.12
2.  HW:  Read thru 165

Agenda 10/2-3/13

1.  Bell Task:   Paper 1 Essay Question pg. 154  #2
2.  Student Workpoint 13.1 pg. 160
3.  HW:  Read Thru pg. 165
Exam 1.5 and 1.12  on Monday 
Objectives Due Monday.

Agenda 10/1/13

1.  Bell Task:    Pick 2 of the following , describe the TYPE of externality and then analyze the issue using an appropriate diagram.   What are possible solutions that govt. can employ?

a.  Solar Panels
b.  Hand Guns
c.  Company sponsored fitness training

2.  Discussion 1.12:   Types of Externalities
3.  HW:   Read Thru:   Middle of 165

Agenda 9/25/13

1.  Bell Task:  
a.  Data Response Exercise  pg. 76  (on a separate piece of paper)

2.  Discussion 1.5:   Price Controls
3.  Student Workpoint 5.5 and 5.6
4.  HW:  Read thru  middle of pg 144 (Stop at Neg Ext. of Consumption)

Agenda 9/23/13

1.  Quiz:    Examine the effects of an indirect tax on govt. revenue.

2.  Discussion 1.5:  Indirect Taxes and Subsidies

3.  HW:   Finish thru pg. 74  Do:  Student Workpoint 5.6 (in Journal)

HL:  Student Workpoint 5.2 and 5.3 (In Journal)

Agenda 9/20/13

1.  Exam:   Sections 1.1-1.4
2.  HW:   Read Thru 69 ( Be able to draw Indirect Tax and Subsidy on Monday)

Agenda 9/18/13

1.  Bell Task:  Explain the difference between PED and XED.
2.  Discussion 1.4:  Elasticity

Student Workpoint 4.4 (PED)
Student Workpoint 4.5 (XED)
Student Workpoint 4.6 (YED)
Student Workpoint 4.7
3.  HW:   Exam Sections 1.1-1.4  on Friday

Agenda 9/17/13

1.  Bell Task:  
Explain the role of the price mechanism.   How does it result in allocative efficiency?

Explain the concept of Community Surplus.  Use a diagram.

2.  Discussion:  Supply and Demand Shifters

3.  Data Response Exercise pg. 44  (in JOURNAL)

4.  HW:   Read Thru pg. 62  Elasticities

Agenda 9/11/13

1.   Bell Task:   Quiz 1:   Supply and Demand
2.   Discussion 1.2  Supply and Demand Shifts
3.  HW:   Read Thru page 52

Agenda 9/10/13

Bell Task:    PPF Curves and Hurricanes Example

2.  Discussion: 

PPF Curves and Disasters,
Rationing Systems,
Development vs. Growth
Sustainable Development

3.  HW:  Read Thru 24

2nd Year:  HL complete student workpoint 2.2 pg. 27

Agenda 9/9/13

1.  Bell Task:    Make a list of pros and cons for both Capitalism and Communism.

2.  Discussion:  PPF Curves, Rationing Systems, Development vs. Growth

3.  HW:  Read Thru 24

2nd Year:  HL complete student workpoint 2.2 pg. 27

Agenda 9/6/13

1.   Draw a PPF curve and explain how it can be used to illustrate opportunity costs.

2.  Discussion:  Introduction pages 1-9.
3.  HW:   Finish thru page 15.

Agenda 9/4/13

1.  Bell Task:  Using the Sowell Diagram, analyze how two of the following examples can be explained.

A.   Minimum wage is raised to $15
B.   The US bombs Syria
C.    The US moves toward complete nationalized healthcare.
D.   The congress passes major tax cuts for corporations.

2.   Discussion:   The Benefits of Capitalism
Questions assigned to groups.

3.  Section 1:  Discussion thru page 9

4.   HW:  Read Thru page15 + Objectives
Join Edmodo.com
Bring a class journal everyday

Agenda 9/3/13

1.  What is Economics Diagrams
2.  Introduction to Econ book and subjects.
3.  HW:  Benefits of Capitalism Reading (on class website)
Do 1st set of questions.  Sections I-IV (Turn in on Edmodo)

Agenda 8/30/13

1.  Discussion:  What is Economics
2.  Reading + Paragraph:  What is Economics
3.  HW:  Finish Paragraph
Read Thru bottom pg. 9 (don't read Rationing Systems)

Agenda 4/5/2013

1.   Discussion Section 29
2.  HW:   Finish both 29 and 30 Objectives by Monday.
Bring to class on Monday.

Agenda 3/15/13

1.  Paper 2009 Exam Review:  Question 2
2.  Discussion 4.28:  Measuring Development
3.  HW:   Commentary #3 Due Wednesday

Agenda 2/27/13

1.  Section 3.27 Economic Development
2.  Grade Conferences
3.  HW:  Read thru 349  Quiz Friday

Agenda 2/25/13

1.  Quiz:  1. 

a.  Using explanations and diagrams, distinguish between:
Free Trade Area
Customs Union
Common Market

b.  Discuss the at least 3 advantages and 2 disadvantages of a monetary union.

2.  Exam
3.  HW:   Read thru top 336

Agenda 2/15/13

1.  Discussion:   Balance of Payments
2.  HW:   Finish all of section 25:  Economic Integration
There WILL be a quiz on Wednesday.

Agenda 2/8/13

1.   Bell Task:  What would be the possible effects of Supply/Demand of the US dollar.
a.  Increase in US exports of goods/services
b. Decrease if foreign inflation rate
c. Decrease in foreign interest rates
d. Decrease in foreign investments in the US
e.  speculative buying of the US dollar
f. Increase in US imports of goods/services

2.   HW:  Exam Sections 3.21-3.23

Agenda 2/6/13

1.   Quiz:
a.   Compare the terms:    Revaluation vs. Appreciation

b. Using a diagram, explain how a country maintains a fixed exchange rate (Define the terms).


c.   Discuss the pros and cons of a high exchange rate.


2.  Student Workpoint 23.4 and 23.5, 23.6

3.  HW:   End of Chapter Review Questions pg. 293

Agenda 1/30/13

1.   Group Work:  Reasons for Protectionism and Counter Arguments
2.   Section 3.22:   Winners and Losers Diagrams:   Tariffs, Quotas, Subsidies
3.   Administrative Barriers
3.   HW:  Data Response Page 280  (separate paper)

Agenda 1/23/13

1.  Bell Task:   Evaluate the possible consequences of growth.
2.  Discussion:  2.19 and 2.20
3.  HW:  Exam 2.18-2.20  Friday

Agenda 1/18/13

1.   Quiz:   Diagram and explain how a Lorenz Curve compares income equality.
2.   Discussion:  2.19  Growth and PPF Curves
3.   2.20:   Lorenz Curves and Gini Coefficients
4.  HW:  Exam 2.18, 2.19, 2,20 Thursday 1/24

Agenda 1/16/13

1.  Bell Task:   Section: 2.18  In groups, suggest strategies for solving inflation.
2.  Economic Growth 2.19

3.  HW:   Finish Section 2.20 Equity of Distribution of Income

Agenda 1/15/13

1.   Bell Task:

As an economic advisor, discuss how you would put downward pressure on inflation.

Which, if any, of your policies would be difficult to achieve politically?   Why?

2.  Inflation 2.18  +  Economic Growth 2.19

3.  HW:   Finish Commentary #1 Due Tomorrow

Agenda 1/14/13

1.   Bell Task:  

Why might Monetary be the best way to deal with inflation?

Use PPF and AD/AS curves to illustrate the concept of economic growth. 


2.   Discussion 2.18:  Inflation
3.  HW:  Finish 2.19 Reading

Commentary 1 Due Wednesday

Agenda 1/11/13

1.   Quiz: 
a.  List at least 3 costs of inflation.
b.  Diagram and explain how an inflationary-spiral might happen.

2.   Discussion: 2.18  Inflation
3.  HW:   Read All of 2.19:  Economic Growth

Commentary 1 Due Wednesday 1/16