Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Week 6 AP Dates Subject/Objectives 1. Analyze the importance of long-term economic growth TUES., as a macroeconomic goal, how it is measured, and 2/10 the sources of economic growth. 2. Define and describe the phases of the business cycle. 3. Calculate per capita GDP, annual growth rates in real GDP, annual growth rates in per capita real GDP, and the number of years it takes to double real GDP when given data. (Extension Activity) 4. Explain what causes economic growth and examine how public policies such as taxes, subsidies and regulations can impact growth. Explain why a shift in the AD curve to the right is not what we consider Economic Growth Suggested lesson/Activities Use the Morton handouts on Growth Use this example or similar one to help students understand what Economic Growth is and is not. If there is a partially built Starbucks in your neighborhood can you order a double mocha from the guy with the big construction helmet on and the tool belt…of course they will say no. Then explain that the act of hiring people and paying them to build it stimulates Aggregate Demand and shifts the Aggregate Demand curve but we will not have more capacity and therefore more potential output until the new store is done. When the store is we can produce more and therefore have had economic growth. Use the old AP FRQ questions for Stand and Deliver warm-up or entrance ticket. Tell the students to indicate on the parts that call for an explanation and then describe a correct explanation as you go over them Use next set of Economics challenges to add new knowledge and build on existing knowledge Use Morton Questions for Walk of Fame or entrance Assessment AP FRQ 1999 Question 3PPF-LRAS and Growth AP FRQ 2002 Question 2Shits in LRAS and therefore causes of increases or decreases in Growth AP FRQ 2005 Form B Question 2-Labor Productivity and impact on AS and Growth THURS. 2/12 1. Analyze how to calculate the official unemployment rate and other labor market indicators. 2. Evaluate the official unemployment rate as an indicator of economic health, and describe alternative unemployment measures economists use. 3. Identify and describe the types of unemployment. 4. Explain why unemployment exists at full employment. 5. Describe the economic and noneconomic costs of unemployment, and explain the link between unemployment and real GDP. 6. Categorize whether a person is unemployed, employed, or not in the labor force, given data. 7. Categorize the types of unemployment a worker is experiencing when given data. 8. Calculate unemployment rates and other labor market indicators when given data. 9. Understand how fiscal and monetary policy are used to correct for an actual unemployment rate above the natural rate 10. Illustrate how fiscal and monetary policy impact AD, output, employment and PL on an AD\AS diagram 11. Identify and illustrate the Phillips curve, the loanable ticket activities Continue to use Amosweb.com, AP Macro notes, ACDC videos, and all the graphs you need to know about Macro to supplement instruction Use the 2005 and 2009 Multiple Choice Interactive Power Point Questions to check for understanding Use the AD\AS Power Point in Drop Box slides 124 to explain AD, SRAS, LRAS and economic growth Use slides 200-212 on AD\AS Power Point for competitive review, quiz, etc. Use Drop Box toolkit to develop notes, quizzes, handouts, and tests tailored to your students INSTRUCTIONAL STRATEGIES Use slides 34-37 in the Massive Macro Cue card for notes on unemployment Use slides 2-5 in the Formulas and Graphs Power Point to show how unemployment is calculated Use CNN videos to show clips on unemployment and have the students classify what types is illustrated and draw AD\AS curves showing the impact Use Morton Activities to distinguish the different types of unemployment Use next set of Economics Challenges to AP FRQ 2006 Question 3Employed and Unemployed AP FRQ 2005 Question 3 Unemployment/Inflation tradeoff funds diagram and the money market diagram Calculate the economic costs of unemployment when given data, use labor market and GDP data to determine the phase of the business cycle, and illustrate GDP gaps on PPFs. *-IN FOLDER ON DESK build on old knowledge and incorporate new Continue to use Amosweb.com, AP Macro notes, ACDC videos to supplement instruction Use the all the Graphs I need to know for Macroeconomics slides in Drop Box to check for understanding. One set has the answers and the other set can be projected and used to chart progress on drawing graphs. Start to use the FRQ Power Point all the questions from 19932010. You can have students do parts of the questions and then the Power Point explains and shows answers