• Merrillville High School
    Course Scope & Sequence
     
     
    Department:
     Social Studies
    AP Macro-Economics
    Instructor: Chris S. Richardson

    Email:
     
     
     
     
     
     

    Course Expectations, Goals & Routines

     
    To give students understanding of Macroeconomic concepts (Keynesian and Classical). 

    To enable students to apply the appropriate model to specific macroeconomic problems and situations to explain todays changing economies.

    To explain the causes of economic decline and growth through the business cycle.

    To develop students evaluation of interest rates, saving and consumption, investment, inflation and unemployment.
    To advance students in understanding and explaining fiscal and monetary policy, moreover the effects of these issues on their everyday life.

    Analyze the important links connecting foreign economies to this country.

     
    Student Expectations:

    1.Respect others- this includes peers, yourself, and others. You will

    have plenty of chances to share your thoughts and views, so let others

    finish before you start. Raise your hand, and wait to be called on. Do

    not speak while the teacher is speaking. Speak to others in a way that

    recognizes the common human dignity that we all share.

    2. Be here, on time- you will get out what you put in. Let me know

    about planned absences in advance. In the case of an absence, the

    student will be given the same number of days to make up missed

    work as he or she was absent, including exams. Absent work is kept in

    the make-up folders (labeled by class period) in the front of the

    classroom. Feel free to retrieve your own make-up work from the

    folder upon your return.

    3. Turn in all work.  Late assignments will be accepted until the exam

    on that unit has been taken, in which, they will be accepted at half

    credit. After the exam, assignments will be given a zero for credit.

    4. Dont count on this method to pass- a late assignment = 50%,

    which is a failing grade.

    5. Complete all work with academic honesty. Cheating or any type of plagiarism will result in a zero credit on the assignment in question,as well as, possible disciplinary action from the MHS Administration.

    6. Complete all Free Response Questions as if this were an English class- with proper grammar, spelling, use of complete sentences, developed thoughts, and in conventional essay structure.
     

    Class Preparation

    Class preparation and participation in discussion is extremely important to success within the course.  Reading for this course is necessity and rigorous.  It is the student’s responsibility to set aside time to read thoroughly each section of assigned material.  Mastery of the reading will prove valuable during class discussions, activities and lectures, moreover, when students take the Advanced Placement Exam itself.  Reading quizzes will be given on a regular basis.

     
    Course Description
     

    MACROECONOMICS, ADVANCED PLACEMENT                    

    Macroeconomics, Advanced Placement is a course based on the content established by the College Board. The course places particular emphasis on the study of national income and price-level determinations, and also develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. Topics include: (1) Basic economic concepts, (2) measurement of economic performance, (3) national income and price determination, (4) economic growth, and (5) international finance, exchange rates, and balance of payments.

    ·         Grade level: 11 – 12

    ·         Credits: 1 trimester course for 1 credit

    ·         Fulfills the Economics requirement for the Core 40, Core 40 with Academic Honors, Core 40 with Technical Honors and International Baccalaureate diplomas, a Social Studies requirement for the General Diploma, or counts as an elective for any diploma

    ·         A Career Academic Sequence or Flex Credit course

     
     
    Week
    Standards
    Instructional Content
    Activities, Readings, Labs, Interactive Notes, Assignments, etc.
    Assessments
    Other
    1
    1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7
    Scarcity, trade-offs, opportunity cost, Production Possiblity Frontiers.
    I, Pencil Activity
    Interactive notes
    Micro vs Macro Activity
     

    Reading Quiz #1

    Morton Application Homework # 1
    Case Study # 1
    Writing Assignment # 1:Adam Smith's Invisible Hand Theory
    Read Ch. 1,2
    2
    1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7
    Interdependence, trade, specialization, absolute and comparative advantage, absolute advantage.
    Interactive notes
    In the News : Outsourced by China? Discussion
    Farmer/Rancher Senarios
     

    Morton Application Homework # 2 & # 3.

    Reading Quiz #2 & # 3
    Quiz # 1 (Ch. 1-4)
    PPF Graphs
    Circular Flow Diagram
    Read Ch. 3,4
    3
    2.3, 2.4, 2.5, 2.6, 2.7, 2.9, 2.10,
    Supply and demand, elasticity, Price elasticity
    Discuss 3 steps to analyzing D & S
    SPITE/TENTING
    In Class Chart on Determinants of D &S
     

    Reading Quiz  #4

    Morton Application Homework # 4.
    Case Study # 2
    Price Gouging
    Read Ch. 5, 6
    4
    3.1, 3.5 4.1, 4.2, 4.9
    Market forces, and taxation
    Graphing Models
    Interactive notes
    Subsidy vs Tax Discussion

    Reading Quiz #5

    Morton Application Homework # 5
    Quiz # 2 (5,6,8)
    Deadweight loss and subsidies.
    Read Ch. 8
    5
    1.3, 1.5, 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 8.5, 8.9
    GDP, interest rates used in monitoring the developments in the economy as a whole.
    Interactive notes
    Morton Application Exercisese Primary resource document reading and discussion.

    Reading Quiz # 6 & 7

    Morton Application Homework # 6 & # 7
    Robert Kennedy
    CPI Calculations
    Read Ch. 10, 11
    6
    1.3, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 7.7, 7.8, 5.1, 5.9, 5.10
    Production and Growth, and Unemployment
    Dimishing Returns
    Morton Application Exercises
    Production Function Activity
    Austrian Perspective-Hayek (classical approach)
     

    Reading Quiz # 8 

    Morton Aplication Homework  # 8
    Case Study # 3 Malthus
    MidTerm Examination
    Unemployment Calculations
    Production Function
    Read Ch. 12
    7
    6.1, 6.2, 6.3, 6.4, 6.6.
    Monetary system
    Functions of Money
    Banks and the Money Supply
    Money Multiplier
    Interactive notes
    Morton Application Questions Primary Resource Document Reading
    M1/M2 Calcualtions exercise
    Multiplier Activity

    Reading Quiz # 9 & 10

    Morton application homework # 9 & # 10
    Open Response Essay # 1:  Monetary Policy (PRD)
    Quiz # 3 (13-15)
    Ben Bernanke and The FED.
    Read Ch. 13-15
    Role of Banks
    8
    3.1, 3.4, 3.5, 3.6, 3.7, 3.8, 3.10, 3.11, 6.5, 6.7, 6.8, 6.9
     Money growth and Inflation
    Monetary Policy
    Open Market Operations
    Interactive notes
    FRQ’s- graphing model exercises
    In-class discussion on OMO and GDP
     
     

    Reading Quiz #11

    Morton Application Homework #11
    Quiz # 4 (16,17)
    Case Study # 4
    ISLM Model
    Fractional Reserve banking
    Read Ch. 16,17
    9
    7.1, 7.2, 7.3, 7.4, 7.5
    Aggregate Demand, Aggregate Supply, and long run/short run effects of monetary and fiscal policies
    Sticky Wage Theory
    Vocabulary, Interactive notes Morton Application questions Primary Resource Document Reading- Great Depression/New Deal
    Graphing the model

    Reading Quiz #12

    Morton Application Homework #12
    John Maynard Keynes
    Consumption and Investment Model
    Read Ch. 20,21
     
    10
    7.6, 7.7, 7.9, 8.10
    Aggregate Demand, Aggregate Supply, and long run/short run effects of monetary and fiscal policies
    Theory of Liquidity
    Fiscal Policy & AD
    Graphing Models
    Interactive notes
    FRQ exercises
    Role Play Activity
    Reading Quiz # 13
    Morton Application Homework #13
    Quiz # 5 (20-21)
    Crowding out effect
    Comparison of Great Depression and 2007 Recession
    Read Ch. 21
    Stimulus/Restraint
    11
    2.1, 4.3 4.8, 7.8, 8.3, 8.4, 8.6, 8.9
    Phillips Curve Model
    Laffer Curve
    Stagflation
    Deflation
    Hyperinflation
    Supply Shocks
     
    In-Class Model Exercises
    Trade off between UE and i
    Macro Multiplier
    Supply Side Economics Worksheet
    Reading Quiz # 14
    Case Study # 5
    Phillips Curve

    Stagflation and Deflation

    Read Ch. 18,22
    Research for Economics Project
     
    12
    1.1, 1.3, 1.9, 2.8, 2.11, 3.2, 3.3, 3.9, 4.1, 5.1, 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.8, 5.9, 5.10, 5.11, 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7, 6.8, 6.9, 6.10, 7.1, 7.2, 7.3, 7.4, 7.5,  7.6, 7.7, 7.8, 7.9, 8.5, 8.8
    Global Economics
    Foreign Investment
    Exchange rates
    real exchange rate
    Exchange Rates
    TRYPS
    Graphing Models: Gains from trade
    Balance of trade
    Trade Barriers
    Economics Project Due
    Economics Project Due