Advanced Placement Macroeconomic Daily Planner Week 1: Overview of the year 9/5 Day 1: The Road less Traveled and discuss cost-benefit analysis. Next, hand out textbook, Economics By Example, and Strive for a 5, Handy Dandy Guide, and model skim, read and note taking techniques. Finally, handout the course syllabus, go over homework assignment, and lecture on Scarcity, opportunity cost, and the four factors of productions. Homework: Skim, read and notes on Module 1, text pages 1-5 and define key terms in your own words with either a personal example or a graph. Day 2: Thinking like an economist Activity: Handy Dandy Guide and work on some mysteries and check vocab. and notes. Homework: Review day 1 vocab. & notes and Skim, Read, and Notes (SR&N) on Module 1, text pages 6-8 (feel free to test yourself on the practice test questions on pp. 8 and 9, and do the fill-in-the-blanks from Strive for a 5 pp. 9&10. Finally, read What s to Love about Economics? Virtues of the Economic Way of Thinking from Economics by Example by David Anderson pp. 1-8 and answer questions and answer questions 2 and 4 on page 8 on a separate piece of paper. Day 3: Introduction to Macroeconomics Activity: Quiz on Module 1, skim and share current event articles and check homework (fill in the blanks and collect short answer questions 2 and 4 from Anderson s book. Lecture on Employment, Unemployment, and Business Cycle and Inflation, Deflation, and Business Cycles Homework: Review day 1 and 2 vocab and notes and S,R, and N on Module 2, text pp. 10-14 (practice text questions on pp. 15 this doesn t need to be written down, it is for your own benefit), and do Module 2 vocabulary defining terms in your own words, with either a personal example or a graph.
Week 2: The Economizing Problem 9/12 Day 4: Activity: Handout the Instant Economist and begin reading Homework: Review day 1, 2, and 3 vocab and notes and Skim, read and notes, Module 3, pp. 16-21 and do Strive for a 5 vocab and Fill-in-the-Blanks on pp. 11 and 12. Day 5: Production Possibility Curve Activity: Check vocab. and Fill-in-the Blanks and work on Production Possibility Curve Activity (instructors manual pp. 20) Homework: Review day 2, 3, and 4 vocab and notes, SR&N from Module 4, text pp. 23-28 and do vocab. Fill-in-the-Blanks on pp. 14-16 Day 6: Comparative and Absolute Advantage Activity: Work on Comparative Advantage and Trade Exercise (Instructor Manual pp. 26 and 27), Activity 6: Opportunity Cost and Comparative Advantage, and work on Strive for a Five pp. 16-27. Homework: Review Day 3, 4, and 5 vocab and notes and work on Strive for a Five review on pp. 16-27 in the workbook and review for Unit I Test Day 7: Unit I Test Activity: Unit 1 Test Essay is draw and explain the Bathtub Theory Homework: Skim, read and notes on Module 5, pp. 47-50 and do vocab. & Fillin-the-Blanks pp. 36-38
Week 3: Supply and Demand 9/17 Unit II Day1 : Objective: Introduction into the market system. Bellwork: List your last five purchases and discuss your decisions Activity: Hand back tests, create a demand schedule for an A, and lecture on demand, law of demand and shape of the demand curve. Play the Movie Game for marginal utility and trade (list as many basic economic concepts in this activity). Work on Microeconomics Lesson 1: Activity 11- Why is a Demand Curve Downward Sloping? Homework: Review Day 1 vocab and notes and skim, read and note Module 5, text pp. 51-56 Day 2: Objective: Shifters of Demand Activity: Work on Activity 10- Reasons for Shifts in the Demand and In-Class Activities (Instructor Manual pp.44), and Economics by Example Chapter 3: The Coffee Market s hot, why are bean prices not? Assignment: Review vocab and notes for Day 1, Skim, read and notes, Module 6 pp. 59-65 and Strive for 5 vocab and Fill-in-the Blanks pp, 41-44, Economics by Example Chapter 3: The Coffee Market s hot, why are bean prices not? Answer article questions on pp. 34 (These aren t due until Monday, and they should be written out with corresponding graphs). Day 3: Supply Bellwork: How many push-ups would you do? Activity: Work on lesson 2: Activity 13-Reasons for Changes in the Supply Curve Homework: Finish Activity 13, review day 1 and 2 vocab and notes, SR&N Module 6, text pp. 66-70, and continue to work on Economics by Example Chapter 3: The Coffee Market s hot, why are bean prices not? Answer article questions on pp. 34 (These aren t due until Monday, and they should be written out with corresponding graphs). Day 4: Objectives: Quiz Activity: Quiz Homework: Review 1, 2 and 3 vocab. & notes and Skim, Read, and Notes Module 7, pp. 71-75, and continue to work on Economics by Example Chapter 3: The Coffee Market s hot, why are bean prices not? Answer article questions on pp. 25 (These aren t due until Monday, and they should be written out with corresponding graphs).
Week 4: Market Price 9/24 Day 5: Objective: Supply and Demand: Price Controls (Ceilings and Floors) Activity: Collect Coffee Market article questions, lecture on surplus and shortages, price ceilings and price floors, and assign text questions. Homework: Review vocab & notes Day 2, 3, and 4 Skim, read and notes, Module 8, pp. 77-85 and do Strive for Five Module 7 Key questions and Fill in the Blanks on pp.45-47 Day 6: Objective: Practice Day Activities: Check Strive for Five homework, work on Module 8 review on pp. 86 and 87, and do Sidewalk Graph Day (Instructor s manual pp. 56). Quiz Homework: Review day 3, 4, and 5 vocab and notes and skim, read and notes from Module 9 on pp. 88-94, do Strive for Five vocab. and Fill-in-the-Blanks on pp. 51 and 52 Day 7: Objective: Consumer surplus, producer surplus and introduction to elasticity Activity: Check vocab. and Fill in the Blanks, lecture on elasticity of supply and demand, introduce Shaking the Invisible Hand assignment, and assign Strive for Five Before the Test Activity pp. 54-67 Homework: Review for the exam Day 8: Objective: Shaking the Invisible Hand Activity: Quiz, workday on Strive for Five review and Shaking the Invisible Hand project Homework: Finish invisible hand simulation and study for exam
Week 5: US Economy Oct. 1st Day 10: Shaking the Invisible Hand Activities: Workday on Invisible Hand and review for the Unit II Exam Day 11: Unit III Test Activities: Finish presenting Invisible Hand and Unit II Test Homework: Skim, read and review text Module 10, pp. 101-106 and do Strive For Five Module 10 Vocab Unit III: Measuring Economic Performance Day 1: Objective: Circular Flow Model Activity: Hand back test, check Strive for Five vocab. introduce the circular flow model and assign Activity 5: The Circular Flow of Resources, Goods, Services, and Money Payments Homework: Skim, read and notes, Module 10, pp. 107-110 and finish Activity 5 Day 2: Objective: Circular Flow Model and GDP Activity: Grade and discuss the Circular Flow Model and introduce GDP Homework: Review Day 1 notes and vocab, SR&N from Module 11, pages 112-116 and Economics by Example, Chapter 21 Why do we neglect leisure and cheer for divorce, pp. 149-155 and answer text questions 1-5 (due Monday). Day 3: Objective: GDP and Unemployment Activity: Create a social wellbeing formula for a country. Homework: Review day 1 and 2 of vocab and notes, skim, read and notes on Module 12: The Meaning and Calculation of Unemployment, pp. 118-124 and complete vocab. & Fill-in-theblank in Strive for a Five, pp. 88-90 Day 4: Objective: Unemployment Activity: Quiz, lecture on unemployment, In-Class Activities and Demonstrations (Instructor s Manual pp. 116). Homework: Review vocab and notes from day 1, 2, and 3 and Skim, Read, and Notes Module 13, pp. 126-132 and vocab and Fill-in-the-Blank Module 13, pp. 91-93. Finish Economics by Example, Chapter 21 Why do we neglect leisure and cheer for divorce, pp. 149-155 and answer text questions 1-5 (due Monday).Hit this day with the same intensity as you did in week one It is a marathon!!!!
Week 7: Oct. 8 th -- Inflation Day 5: Objective: Inflation Activity: Check and discuss Chapter 21 Why do we neglect leisure and cheer for divorce, In-class Activities on Unemployment (Instructor s Manual pp. 122), and lecture on Inflation. Homework: Review day 2, 3, and 4 vocab and notes and skim, read and notes from Module 14, pp. 134-139 and Strive for Five vocab and Fill-in-the-Blanks, Module 14, pp 94-96. Day 6: Objective: Inflation Bell work: In class Activities (Instructor s Manual pp. 127) Activity: Workday on Module 15 (text pages 142-147) and Strive for Five vocab. & Fillin-the-Blank pp.97-98 and begin working Strive for 5, Before you Take the Test pp.103-112. Homework: Finish text reading and strive for 5 workbook activities Day 7: Objective: Review day on your own-- Activity: Grade and discuss Strive for 5 material Homework: Study for test Day 8: Objective: Celebration of Unit III Homework: SR&N from Module 16, pp. 157-164 and vocab and Fill-in-the Blanks on Strive for 5 book, pp. 122-124.
Week 8: Measuring Domestic Output and National Income (10/15th) Unit IV Day 1: Go over test, lecture on chapter 7, What is GDP Homework: SR&N on pages 118-120 Day 2: Lecture on Expenditure and Income Approach to calculating GDP, Introduce the Worldly Philosophers, work on text question 8 and Activity 12. Homework: SR&N on pages 121-127, assign Worldly Philosophers Chapter iii: The Wonderful World of Adam Smith, assign question 9. Day 3: Grade question 9, lecture on nominal and real GDP, and shortcomings of GDP Homework: Review notes and create a social-economic formula Day 4: Quiz on Chapter 7, share social-economic formula, discuss The Worldly Philosophers Chapter iii: The Wonderful World of Adam Smith Homework: SR&N on pages 131-135 & Chapter iii in the Worldly Philosopher (Malthus and Ricardo) Week 9: Oct--22 Day 1: Lecture on Economic Growth and the Business Cycles. Homework: SR&N on pages 136-140, Activity 11 Day 2: Grade Activity II, Lecture on types of unemployment Homework: SR&N on pages 141-149 Week 10: Basic Macroeconomic Relationships (10/29) Day 1: Objective: Quarter Exam Activity: Quarter Essay Exam Homework: SR & N on pages 152-158 Day 2: Objective: Introduce the consumption and savings curves Activity: Quarter Objective Exam discuss the Worldly Philosopher; Chapter iv: The Gloomy Presentiments of Parson Malthus and David Ricardo, read the chapter and work on vocab note cards(45 degree line, Marginal Propensity to Consume, Marginal Propensity to Save, Wealth Effect and Multiplier) or text questions #2,3,4,5,6,9 and 15 (Due Monday).
Homework: Work on The Worldly Philosophers Chapter vi: The Inexorable System of Karl Marx, text questions, or SR&N on pages 152-162 Day 3: Objective: Average and Marginal Costs Activity: Lecture on Consumption, investment, average and marginal costs Homework: Work on text questions and worldly philosopher Day 4: The investment demand curve, shifters of the curve and multiplier. Activity: Lecture #2 on Chapter 9 Homework: SR&N on pages 163-167 & Chapter 5 in the Worldly Philosopher (Marx) and Activity 21.