Economics

Homework due Monday, January 5

Economics in Our Times

      Read pp 354-360, 364.  Be sure to read “Economics and People”, pp 357-358.

      Write answer to Question 1 on p. 358

      Write answers to Learning Checks:

            p. 359, # 1-4

            p. 364, #1-4

      Write definitions for the following terms in your own words (DO NOT copy the textbook’s definition):

            fiscal policy

            expansionary fiscal policy

            contractionary fiscal policy

            crowding out

            crowding in

            expansionary monetary policy

            contractionary monetary policy

Read: “The Chicago School”

         “Keynsian Economic Theory”

Complete the Study Questions.  Download the document. You may handwrite or type your answers.

Economics

Homework due Friday,  December 19

Go to www.frbsf.org/education/teacher-resources/datapost/macroeconomics/unemployment-rate

         View slide show: “Unemployment Rate: Measuring the Workforce”

         Write answers to the questions on Slice 7

Complete Reteaching Economics 13.  Answer only those questions not crossed out.

Economics

Homework due Thursday, December 18

Study for quiz, Ch. 12

      Review: Chapter 12

                    Reffonomics: Macro: Introduction to Macro: Real GDP: Real GDP & What’s NOT

                    Included

                    Using Percentages to Make Comparisons

                    FRBSF slide show on Gross Domestic Product and Questions

                    Class notes

Economics

Homework due Wednesday, December 17

Go to www.frbsf.org/education/teacher-resources/datapost/macroeconomics/inflation

         View slide show: “Inflation: Measuring Price Changes”

         Write answers to the questions on Slice 7

Read “Gas Prices Leave Fed Feeling Deflated” (handout)

Write a paragraph of at least 4 sentences explaining how this article illustrates points made in the slide show.  Cite specific quotes and examples.  This assignment will be collected and graded.

Economics

Homework due Tuesday, December 16

Economics in Our Times, pp 339-341, 344-346

Terms: 

      Frictional unemployment

      Structural unemployment

      Natural unemployment

      Full employment

      Cyclical unemployment 

Write answers to Learning Check p. 346 # 1-3