unit 2: aggregate supply and demand
Date |
Agenda |
Homework |
IB HL |
2.1 |
Determinants of aggregate demand (APE lesson 3.1) presentation link Multiplier effect (APE lesson 3.2) handout Let's make notecards with perfect competition and monopoly with demand increases for your module 18 reading pleasures... |
Module 17 MC Modules 16 and 18 notes or Khan Academy 1. MPC and Multiplier 2. Short-run Aggregate Supply |
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2.5 |
Aggregate supply: determinants, short run vs. long run, sticky vs. flexible wages and prices presentation link (APE lesson 3.3) Aggregate supply handout (2/7 was a snow day!) |
Modules 16 and 18 MC Module 19 notes or Khan Academy Long-run Aggregate Supply Study for quiz over modules 16 and 17 |
Quantitative Economics pp. 45-46 IAs: read and score samples. Then, select and begin revisions for your portfolio |
2.11 |
Quiz 3: modules 16 and 17 Macroeconomic equilibrium: real output and price level, short and long run, actual vs. full-employment output (APE lesson 3.4) handout LRAS presentation link (APE lesson 3.5) |
Module 19 MC Modules 20 and 21 notes or Khan Academy 1. Equilibrium in the AD-AS Model 2. Changes in the AD-AS Model 3. Long-run Self-Adjustment Study for quiz over modules 18 and 19 |
IA revisions |
2.13 |
Quiz 4: modules 18 and 19 Fiscal policy (APE lesson 5.1) presentation link Automatic and discretionary policy handout |
Quantitative Economics pp. 51-52 IA revisions |
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2.15 |
Finish fiscal policy: fiscal ship (chromebook cart 10 reserved 2019) Crowding out, bond prices Review for exam |
IA revisions |
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2.20 |
Exam over syllabus section 3 |
Modules 22 and 23 notes or Khan Academy 1. Financial assets 2. Money supply |