Unit VI: Economic Growth and Productivity
1. Discuss different growth theories, beginning with Classical Macro versus Keynesianism Assignments: finish reading Module 35; Answer in notebook, Checking for Understanding #2, 4,& 5 (p.351), M/C #2,3,&5 (p.352), and FRQ #2 (p. 352); and complete Activities 42 (Monetarist Monetary Policy), 52 (Sorting Out Macro Theories), 53 (Graphing Macro Theories), and 48 (Why Economists Disagree)--all due 5/21. [4/23]
2. Discussed the economic growth theories of monetarism and rational expectations. Assignments: read Module 36; answer in notebook Checking for Understanding #1 (p. 357), M/C #1-5 (pp. 357-58), and FRQ #1 (p.358). [4/24]
3. Discussed fiscal and monetary policy effectiveness. Assignments: read "Easy, Useless Economics" by Paul Krugman, and then complete a Clarifying and Summarizing Worksheet, due 5/21. [4/25]
No School today, April 26th--All-Staff Day. See you all on Monday!
4. Discussed supply-side economics. Assignments: Read Module 37; answer in notebook Checking for Understanding #1-3 (p. 371), M/C #1-5 (p. 372), and FRQ #2 (p. 372); and complete Activity 6-1 (Economic Growth), due 5/21. [4/29]
5. Discussed long-run economic growth and the Rule of 70, and introduced the concept of productivity. Assignments: Read Module 38; answer in notebook Checking for Understanding #3 (p. 382), M/C #1-5 (pp. 382-83), and FRQ #2 (p. 383); complete Activity 6-2 (Productivity), due 5/21. [4/30]
6. Discussed the sources of long-run economic growth, specifically productivity, GDP/worker, diminishing marginal returns and the production function (K,L,T). Assignments: Read Modules 39 and 40; answer in notebook, Checking for Understanding #1 & 2 (p. 392), and #1 (p. 400), M/C #1-5 (p. 393) and #1-5 (p. 400-01), and FRQ #2 (p. 394) and #2 (p. 401); and complete Activity 6-3 (Policies to Promote Economic Growth), due 5/21. [5/1]
7. Discussed global long-run economic growth and convergence theory. Assignments: Read Module 41; answer in notebook Checking for Understanding #1 (p. 415), M/C #1-3 (p. 415); and complete Activity 7-1 (Balance of Payments Accounts), due 5/21. [5/2]
8. End of Unit 6. Next exam will combine Units 6 and 7. See Unit 7 for next day's assignments. [5/2]
10. Reviewed for Unit 6 Exam on Growth Theories. [5/1]
11. Unit 6 Exam on Growth Theories, both multiple-choice and free-response portion will be given today. Assignments: Read pp. 406-414. Answer and Look #1 (p.414). [12/4]
2. Discussed the economic growth theories of monetarism and rational expectations. Assignments: read Module 36; answer in notebook Checking for Understanding #1 (p. 357), M/C #1-5 (pp. 357-58), and FRQ #1 (p.358). [4/24]
3. Discussed fiscal and monetary policy effectiveness. Assignments: read "Easy, Useless Economics" by Paul Krugman, and then complete a Clarifying and Summarizing Worksheet, due 5/21. [4/25]
No School today, April 26th--All-Staff Day. See you all on Monday!
4. Discussed supply-side economics. Assignments: Read Module 37; answer in notebook Checking for Understanding #1-3 (p. 371), M/C #1-5 (p. 372), and FRQ #2 (p. 372); and complete Activity 6-1 (Economic Growth), due 5/21. [4/29]
5. Discussed long-run economic growth and the Rule of 70, and introduced the concept of productivity. Assignments: Read Module 38; answer in notebook Checking for Understanding #3 (p. 382), M/C #1-5 (pp. 382-83), and FRQ #2 (p. 383); complete Activity 6-2 (Productivity), due 5/21. [4/30]
6. Discussed the sources of long-run economic growth, specifically productivity, GDP/worker, diminishing marginal returns and the production function (K,L,T). Assignments: Read Modules 39 and 40; answer in notebook, Checking for Understanding #1 & 2 (p. 392), and #1 (p. 400), M/C #1-5 (p. 393) and #1-5 (p. 400-01), and FRQ #2 (p. 394) and #2 (p. 401); and complete Activity 6-3 (Policies to Promote Economic Growth), due 5/21. [5/1]
7. Discussed global long-run economic growth and convergence theory. Assignments: Read Module 41; answer in notebook Checking for Understanding #1 (p. 415), M/C #1-3 (p. 415); and complete Activity 7-1 (Balance of Payments Accounts), due 5/21. [5/2]
8. End of Unit 6. Next exam will combine Units 6 and 7. See Unit 7 for next day's assignments. [5/2]
10. Reviewed for Unit 6 Exam on Growth Theories. [5/1]
11. Unit 6 Exam on Growth Theories, both multiple-choice and free-response portion will be given today. Assignments: Read pp. 406-414. Answer and Look #1 (p.414). [12/4]