Wed., Oct. 23-Multiplier application questions due, finish chap review ?s, go over tests
Friday, Oct 25-receive last set of multiplier questions to complete over the weekend, execute Kognity reading assignment on unemployment and begin chap 17 reading and complete workpoints 17.2, 17.3 and 17.4 on unemployment
Monday, Oct 28-unemployment worksheet and inflation and unemployment overview
Tues., Oct 29-go over multiplier application questions and last set of multiplier received and unemployment workpoints, received, complete wkpts 17.6 and 17.7
Thurs., Oct 31-complete Kognity assignments reading and questions
Friday, Nov. 1-receive computing unemployment practice wksht due Monday Nov. 4
Monday, Nov 4-receive Kognity assignment and read about crowding out on page 218 of text and be able to explain the concept as well as answer the Data Assessment assignment on page 219-all due on Thursday, Nov. 7
Thursday, Nov. 7-go over unemployment practice wksht, crowding out Kognity questions, assign pages 221-225 on Inflation and complete wkpts 18.1 and 18.2 for Friday
Friday, Nov. 8-Collect Data Assessment -go over 18.1 and 18.2 and start inflation discussion, complete inflation worksheet for Monday and finish reading chap 18
Monday, Nov. 11-CPI and computing inflation from a base year and changing base years, graphing cost-push and demand-pull inflation, receive quantitative analysis wkshts on inflation and Kognity assignment,
Wed., Nov 13-go over indexing wksht, do inflation roll play ex in class, receive unemployment and inflation application practice-complete first page for Thurs.
Thurs., Nov 14-complete inflation roll play, go over application questions assigned and finish the rest of the application questions for next class
Friday, Nov. 15-go over inflation application ?s and receive articles about the Phillips Curve-complete Kognity assignment for calculating inflation if not competed by end of class and complete all reading on the Phillips Curve-Kognity, text and article for Tuesday
Tuesday, Nov. 19-go over Phillips Curve, receive short term Phillips Curve Worksheet
Wed., Nov. 20 go over wksht and complete discussion of Phillips Curve, receive inflation application questions-advanced AD/AS theory
Thurs., Nov. 21 -go over advanced theory questions and assign rest and receive inflation review exercise wksht set
Monday, Nov. 25-go over rest of advanced theory and review packet to prepare for test Tuesday
Tuesday, Nov. 27-Test Inflation and Unemployment
Monday, Dec. 2-start looking for Macro IA article, read first part of chap 20 on taxes and complete wkpts 20.2 and 20.3
Wed.Thurs.-finish all taxes reading
Friday, Dec 6-work on wkpt 20.4 and HL exercise in class and tax wksht series for homework,
Tuesday, Dec. 10 tax wksht series due and receive more tax practice-Kognity on taxes assigned
Wed., Dec. 11-taxes continued-what is tax fairness? Evaluate
Thurs., Dec. 12-receive exam review material and learn exam format
Monday, Dec. 16-tax wkshts-finish going over and evaluating tax policy, receive Paper 1 options
Paper 1 Options
- (a) Using the concept of the Keynesian multiplier, explain the possible impact of a rise in government spending on economic growth and inflation.
- b) To what extent might unemployment represent both an economic and a social problem?
2. (a) Explain why the market system may not result in an equitable distribution of income.
(b) Evaluate government policies to promote equity in terms of their effects on efficiency in allocation of resources.
3. (a) Explain how labor market reforms may be used to promote economic growth.
(b) Market oriented supply side policies will always be more effective in promoting economic growth than demand side policies. To what extent do you agree with this statement.
4. (a) Explain how business spending on research and development and government expenditures on infrastructure might shift the long run aggregate supply curve.(
b) Evaluate the effectiveness of interventionist supply side policies to achieve economic growth.
5. (a) Explain how an increase in the level of taxation can influence the level of aggregate demand in an economy.
(b) Evaluate the effectiveness of fiscal policy in promoting economic activity during a recession.
6. (a) Using the Keynesian AS/AD diagram, explain why an economy may be in equilibrium at any level of real output.(
b) Evaluate the view that increased investment is the most important factor in achieving a faster rate of economic growth.
7. (a) Explain how a deflationary gap might occur.
(b) Using the monetarist/new classical model and the Keynesian model, discuss the view that an increase in aggregate demand will inevitably be inflationary.
8. (a) Explain how government spending might promote greater equity in an economy.
(b) Evaluate the view that government policies to promote greater equity will always have a negative effect on efficiency.
Work on Macro IA over break-article and draft due second class back
Tuesday, Jan. 7-Kognity Supply side Econ reading and ?s due Wed
Wed., Jan. 8-go over Supply side Econ and associate with econ schools of thought and receive second set of ?s
Thurs., Jan. 9-go over second set of ?s in Kognity, receive Supply side worksheet and paper one options to outline due Monday, Jan. 13