Ch #12 Aggregate demand and supply

Ch. #12 Aggregate demand and aggregate supply

Monday, November 11, 2019 – Friday, November 22, 2019

01/9-10 Weekend
Homework:

11/11 Monday
In class:

Homework:

11/12 Tuesday (Period 5)

In class:

NOTE: section 12.4 (pages 272-273) is a HL topic, but not marked as such in the text
PPT lecture aggregate demand (#2-6 and 10-15)
Draw on mini white boards and discuss answers with table
- Aggregate demand practice problems

Homework:

11/13 Wednesday (Period 4)
In class:

Homework:

11/14 Thursday
In Class:

Homework:

Be prepared to discuss CLASPP elements associated with your article in class tomorrow

11/15 Friday
In class:

Homework:

11/18 Monday
In class:

PPT lecture aggregate supply (#22-29)
Draw on mini white boards and discuss answers with table
- Aggregate supply practice problems

Homework:

11/19 Tuesday (Period 5)
In class:

PPT lecture short and long run equilibrium (#30-37)
Practice drawing AD/AS models to explain how different issues will affect the economy.
- 2.2 Equilibrium in the AD/AS model
  - Answers
Discuss Thursday's in-class write - see prompt below
- Factors of demand pull inflation:
  - Increases in consumption increases C
  - Decreases in exchange rate increases Xn
  - Increases in government spending increases G
  - Decreased expectations become self-full fulfilling decreasing C, I
  - Increase in interest rates decreases C, I
- Factors of cost push inflation:
  - Wage inflation increases input costs
  - Government regulation
  - Taxes
  - Exchange rates

Homework:

11/20 Wednesday (Period 4)
In class:

Homework:

11/21 Thursday
In Class:

In-class write:
- Prompt: Using the Keynesian AD/AS diagram, explain (DEED) why an economy may be in equilibrium at any level of real output.

Homework:

11/22 Friday
In class:

Homework: