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   L.B Lamar High School

Advanced Placement Macroeconomics

 

                                                                                                                                   work: 682-867-8300

Coach Dangelmaier                                                                                                 cell: 817-925-0505

Email : bdangelm@aisd.net                        

Website : http://www.aisd.net/aisd/lamar/Faculty/DJ/DE/DangelmaierBrian/tabid/3280/Default.aspx       

 

College Board Course Description: 

http://apcentral.collegeboard.com/apc/public/repository/ap08_economics_coursedesc.pdf       

                   

Purpose:  According to the College Board, the purpose of the AP Macroeconomics course is to give students a thorough understanding of the principles of economics that apply to an economic system as a whole. First, a foundation in basic economic concepts is developed. After the basics are covered, the course places particular emphasis on the study of national income and price-level determination, and also develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, international trade and international finance. It should be noted that the course promotes the understanding of aggregate economic activity; the utilization of resources within and across countries; and the critical evaluation of determinants of economic progress and economic decisions made by policymakers (2008, The College Board).

 

Upon successful completion of the course, the student should be able to earn college credit by taking the Macroeconomics Advanced Placement Exam. 

 

Pre-requisite skills:  Read above grade level; use graphs, tables, and math to analyze complex data and concepts; take notes independently; organize time and exercise self-discipline.

 

Supplies:  paper, pen, pencil, and folder & workbook

 

Texts:   ECONOMICS: PRINCIPLES, PROBLEMS, AND POLICIES

            15th edition, 2002, McConnell and Brue, McGraw-Hill

           

Supplemental Texts :    Advanced Placement Macroeconomics Student Activities 3rd Edition, 2003, Morton and Goodman, National Council on Economic Education

 

5 Steps to a 5, AP Macroeconomics & Microeconomics, 2nd  edition, 2008, Eric Dodge, McGraw-Hill

 

Grading:    Major Tests & Free Response Questions – 60%

                   Quizzes - 20%

                  Classwork and other projects – 20%

                   No Extra Credit

                   No curve        

 

                 

Latework Policy: No late work is accepted

 


 

 

L.B. Lamar High School

AP Macroeconomics

 

Date

 

Objective

Unit 1: Basic Economic Concepts

I. Basic Economic Concepts (8 -12% of exam)

A. Scarcity, choice and opportunity costs

B. Production possibilities curve

C. Comparative advantage, specialization  and exchange

D. Demand, supply, and market equilibrium

E. Macroeconomic issues : business cycle, unemployment, inflation and growth

McConnell & Brue 15e Economics

5 Steps to a 5 (5s5)

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity

Internet Links

Day 1

Define and Evaluate trade-offs and opportunity costs

Introduction to course, Issue Books

What's economics? Scarcity, Factors of Production, Trade-offs, Opportunity Cost

PowerPoint: Scarcity, Opportunity Cost & PPC 

(M&B) Ch 1 w/ appendix

(M&B) Ch 2 pp 22-25

(5s5) Ch 1 pp 39 - 42

 

Day 2

Understand and use the production Possibilities model to evaluate opportunity cost and the level of employment in the economy

Production Possibilities Curve, Introduction to economic growth

(M&B) Ch 2 pp 25 - 33

(5s5) Ch 1 pp 42 - 44;   47 - 48

Activity 1

Worksheet:  PPC

 

 

Day 3

Distuinguish between absolute and comparative advantage, apply the principle of comparative advantage to determine mutually beneficial terms of trade, identify comparative advantage from differences in opportunity cost

Theory of Comparative Advantage, Gains from trade, Introduction to net exports and barriers to trade

PowerPoint: Comparative Advantage

Thomas Friedman - The Other Side of Outsourcing

 

(M&B) Ch 6

(5s5) Ch 1 pp 45 - 47

 

Activity 2

Internet: Trade Game

Worksheet: Trade Barriers

Day 4

Understand and graph demand. Know the determinants of demand and demonstrate the the effects of changes in determinants on demand.  Differentiate between movement along a demand curve and movement of the demand curve

Supply & Demand, Elasticity

PowerPoint: Supply & Demand

Video lesson: Supply and Demand

(M&B) Ch 3 pp 40 - 49

(5s5) Ch 2 pp 52 - 61

Trade FRQ

Activities 3-B, 4, 5-B & 6

NCEE Workbook p 19

 

Day 5

 

Market Equilibrium, Goods and Financial Markets w/ focus on FOREX

PowerPoint: Supply & Demand

(M&B) Ch 3 pp 49 - 55

 (5s5-2) Ch 6 pp 72 - 77

Activity 7-B

Worksheet: Supply and Demand Analysis

Internet: Supply & Demand Practice

Date

 

Unit 2: Measurement of Economic Performance

II. Measurement of Economic Performance (12 - 16% of exam)

A. National income accounts

B. Inflation measurement and adjustment

C. Unemployment

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity

Internet Links

Day 6

Identify the functions performed by an economic system

 

 

 

Supply & Demand FRQ

Economic Systems: Authoritarian & Democratic Socialism v. Market Capitalism 

PowerPoint: Economic Systems

Circular Flow and the Aggregate Economy

PowerPoint: Circular Flow

(M&B) Ch 2 pp 33 - 34;    Ch 4

 (5s5-2) Ch 5 pp 59 - 60

(M&B) Ch 2 pp 34 - 35; Ch 5

 (5s5-2) Ch 12 pp 169 - 171

Activities 9 & 10

Internet: Understanding the Circular Flow, GDP

Quiz

Day 7

 

Econ movie, FRQ

   

Day 8

 

GDP

PowerPoint: GDP

(M&B) Ch 7

 (5s5-2) Ch 12 pp 171 - 176

Activities 11-C, & 12

Worksheet: Is it counted or not counted in GDP

Internet: National Accounting

Quiz

Day 9

 

Business Cycle and Unemployment

PowerPoint: Business Cycle & Unemployment

Video: Look for Business Cycle concepts, structural unemployment, labor market, creative destruction

(M&B) Ch 8 pp 136 - 146

 (5s5-2) Ch 12 pp 176 - 177; 181 - 183

Activities11-A, 16 & 17

Worksheet: Labor Force & Unemployment

Internet: Unemployment

Quiz

Day 10

 

Price Level and Inflation

PowerPoint: Inflation, CPI, GDP deflator, Real v. Nominal Interest Rates

(M&B) Ch 8 pp 146 - 154

 (5s5-2) Ch 12 pp 177 - 181

Activities 11-B, 13 & 15

Worksheet: Inflation -  Happy, Sad or ?

Quiz

Day 11

 

Review Test 1 w/ Unit 2 FRQs

-

-

Date

 

Unit 3: National Income and Price Determination

III. National Income and Price Determination (10 - 15% of exam)

A. Aggregate demand

B. Aggregate supply

C. Macroeconomic equilibrium

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity

Internet Links

Day 12

 

Test 1 Debrief

Consumption, Savings and Loanable Funds

PowerPoint: Loanable Funds Market

(M&B) Ch 9 pp 159 - 166

 (5s5-2) Ch 13 pp 187 - 191

Activity 20

Quiz

 

 

Day 13

 

 

Loanable Funds, Investment and Crowding-Out

PowerPoint:  Investment Demand

 

 

(M&B) Ch 9 pp 166 - 172

 (5s5-2) Ch 13 pp 191 - 194

 

Activity 22

 Internet: Loanable Funds 

Quiz

Day 14

 

Econ movie and W/W ; FRQ

   

Day 15

 

Balance of Payments

PowerPoint: Balance of Payments

Video Lesson: Balance of Payments

(M&B) Skim Ch 37; Read Ch 38 pp 752 - 756

 (5s5-2) Ch 17 pp 249 - 255; 258 - 260

Activity 52

Worksheet: Balance of Payments

Quiz

Day 16

 

Multipliers

PowerPoint: Multipliers

Aggregate Demand

PowerPoint: Aggregate Demand 

(M&B) Ch 10 pp 182 - 186 & Ch 11 pp 203 - 209

 (5s5-2) Ch 13 pp 194 - 197 & Ch 14 pp 201 - 204

Activity 21

Activity 23

Quiz

Day 17

 

Aggregate Supply, Classical v. Keynesian

PowerPoint: Aggregate  Supply

(M&B) Ch 11 pp 209 - 213

 (5s5-2) Ch 14 pp 204 - 207

Activity 24

Quiz

Day 18  

Macroeconomic Equilibrium

PowerPoint: AS/AD Model

Video Lesson: AS/AD Model

(M&B) Ch 11 pp 214 - 220

 (5s5-2) Ch 14 pp 207 - 212

Activities 25 & 27

Internet: AS/AD Model 

Quiz

 

Day 19

 Recession, Cost-Push Inflation (Stagflation), Demand-Pull Inflation

   

Day 20

Macroeconomic Equilibrium in the Long-Run, Self-correcting Economy

PowerPoint: AS/AD Model

Video Lesson: Self-correcting Economy

(M&B) Ch 16 pp 306 - 311

Activity 28

Internet: AS/AD Model 

Quiz

Day 21

Review

-

-

Day 22

Test 2 w/ Unit 3 FRQs

-

-

Day 23

Fiscal Policy, Crowding Out & Net Export Effects

PowerPoint: Mechanics of Fiscal Policy

(M&B) Ch 12 pp 224 - 236

 (5s5-2) Ch 15 pp 219 - 225

Activity 30 & 31

Quiz

 

Unit 4: Financial Sector

IV. Financial Sector (15 - 20% of exam)

A. Money, banking, and financial markets

B. Central bank and control of the money supply

McConnell & Brue 15e Economics

5 Steps to a 5(5s5)

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity  

Internet Links

Day 24

Money, The Money Market

PowerPoint: Money Market

(M&B) Ch 13 pp 244 - 254

 (5s5-2) Ch 16 pp 232 - 238

Activities  35 & 39

Internet: Money Market

Quiz

Day 25

Banking and Multiple Deposit Expansion

Video Lesson: Money Creation

(M&B) Ch 14

 (5s5-2) Ch 16 pp 239 - 241

Activity 37

Internet: The Creation of Money - Recollections of Pine Gulch

Quiz

Day 26

Monetary Policy

PowerPoint:  Mechanics of Monetary Policy

Video Lesson: Mechanics of Monetary Policy (15 min.)

(M&B) Ch 15

(5s5-2) Ch 16 pp 241 - 244

Activities 38, 40 & 42

Internet: Fed Chairman Game

Quiz

Date

Unit 5: Inflation, Unemployment & Stabilization Policies

V. Inflation, Unemployment, and Stabilization Policies (20 - 30% of exam)

A. Fiscal and monetary policies

B. Inflation and unemployment (Covered in Previous Units)

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity  

Internet Links

Day 27

Fiscal & Monetary Policy Combinations

Quantity Theory of Money, Real v. Nominal Interest

(M&B) Ch 19

 (5s5-2) Ch 16 pp 244 - 246

Activities 36, 41, 43 & 45

Quiz

Day 28

 

Supply Side Economics, The Laffer Curve

 

(M&B) Ch 12 pp 236-237; Ch 16 pp 317 - 320

(5s5-2) Ch 15 pp 227 - 229

Worksheet:Laffer Curve

Quiz

Day 29

 

The Phillips Curve & Expectations

PowerPoint: Phillips Curve

(M&B) Ch 16 pp 311 - 316

 (5s5-2) Ch 14 pp 212 - 215

 

Activity 46

Internet: Phillip's Curve

Quiz 

Day 30

Review & Test 3 w/ Unit 4 & FRQs

-

-

Date

 Unit 6: Economic Growth

VI. Economic Growth and Productivity

A. Investment in human capital

B. Investment in physical capital

C. Research and development, and technological progress

D. Growth policy

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity  

Internet Links

Day 31

Economic Growth & The Effects of Government Debt

Video: The $100 Laptop in Nigeria

PowerPoint: Economic Growth and Productivity

(M&B) Ch 17 & 18

 (5s5-2) Ch 15 pp 225 - 227

Activity 47

Quiz

             

 

 

 

Date

Unit  7: Open Economy:  International Trade & Finance

VII. Open Economy: International Trade and Finance (10 - 15% of exam)

A. Balance of payments accounts

B. Foreign exchange market

C. Net exports and capital flows

D. Links to financial and goods markets

 

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

 

 

NCEE Workbook Activity

Internet Links

Day 32

Foreign Exchange Market

PowerPoint: Foreign Exchange

PowerPoint: Self-Correcting Balance of Trade

Video Lesson: Foreign Exchange Lesson # 1 The Frenchman and the Sombrero

Video Lesson: Foreign Exchange Lesson # 2 Let's Buy German!!!!!

Video Lesson: Net Export Effect 

(M&B) Ch 38 pp 756 - 769

 (5s5-2) Ch 17 pp 255 - 258

Activities 53-B & 54

Internet: Foreign Exchange

Quiz

Day 33

Test 4 (Cumulative) w/ Unit 6 & 7 FRQs

 -

-

Date

 

 

Unit: Review For AP Macroeconomics Exam Personal Finance

 

McConnell & Brue 15e Economics

5 Steps to a 5, 2nd ed. (5s5-2)

Chapter & Section

NCEE Workbook Activity  

Internet Links

Day 34

Saturday Night Live Video -

 

-

PowerPoint: Investing 101

Internet: Hands on Banking

Internet: Building Wealth

          Day 35

Personal Finance

 

 PowerPoint: Investing 101

Internet: Hands on Banking

Internet: Building Wealth

 

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