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AP Macro Fiscal Policy: Keynesian vs. Classical EconomistsLEARN LIBERTY: THE ECONOMICS
OF THE JERSEY SHORE
HONORS ECONOMICS LINKS
UNIT 1: BASIC CONCEPTS OF ECONOMICS
1. READ THIS
Georgia Virtual School: Basic Concepts Thinking Like an Economist
2. WATCH ONE OF THESE
Coach Mayer's favorite: Scarcity, choices, and exchange in a galaxy far, far away
How does Star Wars illustrate scarcity, choices, and exchange?
Scarcity and The Tragedy of the Commons in the post-Apocalyptic cute robot adventure
How does Wall-E illustrate scarcity and the "Tragedy of the Commons?"
3. WATCH THIS
Production Possibilities Curve and screams
In what ways does Monster's Inc. illustrate the Production Possibilities Curve model?
4. OPTIONAL VIDEOS YOU CAN WATCH IF THEY LOOK INTERESTING.
What does the video you chose illustrate about economics?
DIVISION OF LABOR: BURGERS AND SHIPS
A 4 minute video about trade, division of labor, specialization, and productivity
60 SECOND ADVENTURES IN ECONOMICS
The Invisible Hand, The Paradox of Thrift, Comparative Advantage, Rational Choice Theory, and Famous Economists
Human Capital and Rodney Dangerfield's classic film about an old dude's college experience
HOW CHICKEN McNUGGETS ARE MADE
What are the Factors of Production for Chicken McNuggets?
ECON POP: THE SHAWSHANK REDEMPTION
Trade, Money, Black Markets and How to Survive in Prison
HOW THE ECONOMIC MACHINE WORKS
A 30 minute long in-depth look at how the entire economy of the USA works
UNIT 2: ECONOMIC SYSTEMS
1. READ THIS
Georgia Virtual School: Economic Systems
2. COMPLETE THIS ACTIVITY:
A Ranking of the Countries of the World Based on Economic Freedom
a) Choose ONE country from the top 5 countries on the index. Click on the country you choose, and read about its economy. In a paragraph, describe its economy and include information about the country's GDP, growth rate, per capita GDP, unemployment rate, and inflation rate.
b) Choose ONE country from the bottom of the list (the "repressed" category) Click on the country you chose and read about its economy. In a paragraph, describe its economy and include information about the country's GDP, growth rate, per capita GDP, unemployment rate, and inflation rate.
c) Why do you think the country you wrote about in (a) is so much wealthier than the country you wrote about in (b)?
3. CHOOSE ONE VIDEO AND WATCH.
Compare and Contrast the three types of economic systems.w
Traditional, Command, and Market Economic Systems
CRASH COURSE IN ECONOMICS: ECONOMIC SYSTEMS
If you like Crash Course videos but can't stand John Green, you may like this video
THE HUNGER GAMES AND CAPITALISM
Katniss! Who wouldn't scoop a video with her?
ELYSIUM AND ECONOMIC INEQUALITY
What can Matt Damon's post-Apocalyptic thriller teach you about economic inequality? Watch!
4. WATCH THESE IF THEY LOOK INTERESTING.
THE HOCKEY STICK OF PROSPERITY
Economic Growth in the Modern World
Why it's NOT True That When You Get Rich, I Get Poor
Why it's NOT True That Rebuilding After Disasters Stimulates the Economy
CAPITALISM VS. SOCIALISM: CRASH COURSE IN WORLD HISTORY
John Green is Obnoxious; Is he also a Socialist? Find out in his video on economic systems
ECONOMIC FREEDOM AND QUALITY OF LIFE
How can economic freedom make your life and the lives of others better?
ECONOMIC FREEDOM IN 60 SECONDS
Got one minute to learn about the benefits of economic freedom?
ECONOMIC FREEDOM IN THE UNITED STATES
Has the USA become more or less economically free in the last two decades?
HOW LONG DOES IT TAKE TO BUY STUFF IN VENEZUELA?
Why I Don't Want to Live in a Command Economy
UNIT 3: PERSONAL FINANCE
1. READ THIS
Georgia Virtual School: Personal Finance
2. READ THIS
WANT TO BE A MILLIONAIRE? TIME TO START A ROTH IRA!
3. WATCH THIS
BANKS, CREDIT UNIONS, FINANCIAL INSTITUTIONS
Comparing banks, credit unions, payday lenders, and consumer finance companies
3. READ OR WATCH ANY OF BELOW THAT LOOK INTERESTING
MUTUAL FUNDS AND INVESTMENT COMPANIES
INVESTING YOUR MONEY: 401(k) and ROTH 401(k)
FINANCIAL AID 101: PAYING FOR COLLEGE
GROWING MONEY: COMPOUND INTEREST
TRADING PLACES: COMMODITY TRADING AND RISK
TEN RULES FOR FINANCING YOUR FUTURE
WARREN BUFFET'S BEST TIP FOR BECOMING RICH
UNIT 4: BUSINESS TYPES AND MARKET STRUCTURES
1. READ THIS
Georgia Virtual School: Doing Business in a Market Economy
2. WATCH ONE OF THESE
ECONOMIC LOWDOWN: THE CIRCULAR FLOW MODEL
Video Lesson from the Federal Reserve to help you understand the flow of goods in the economy
CIRCULAR FLOW MATRIX WITH MR. CLIFFORD
What does the movie the Matrix have do do with the circular flow model?
How does the circular flow model illustrate the movement of goods and money in an economy?
2. WATCH ANY OF THESE THAT LOOK INTERESTING
How are the concepts of Efficiency and Market Failures explained in this video?
How are the concepts of Oligopolies and Game Theory explained in this video?
How does this video explain the concepts of Entrepreneurship, Profits, Government Regulation, and Negative Externalities?
How does this video explain the difference between Public Goods and Private Goods?
SEINFELD: NEGATIVE EXTERNALITIES
How does Kenny Rogers Roasters Chicken Restaurant demonstrate Negative Externalities?
BRITISH GAME SHOW GOLDEN BALLS
How does this game show demonstrate the economics of Game Theory?
How does this video relate negative externalities to Potato Chips?
Describe the structure of a corporation
Describe the different types of Market Structures
UNIT 5: SUPPLY, DEMAND, AND PRICES
1. Read this
Georgia Virtual School Microeconomics: Supply and Demand
2. Watch these videos to learn about supply and demand.
Supply, Demand, Prices, and Hula Hoops
FED RESERVE ECONOMIC LOWDOWN VIDEOS
Supply, Demand, Prices, and Equilibrium Videos
Supply, Demand, Equilibrium, and Shifts in Supply and Demand Curves
SUPPLY AND DEMAND EXPLAINED PART 1
Mr. Clifford of ACDC Econ Explains Demand and the Demand Curve
SUPPLY AND DEMAND EXPLAINED PART 2
Mr. Clifford Explains Supply and the Supply Curve
Mr. Clifford Explains Shifts in Supply and Demand Curves
Mr. Clifford Explains Price Ceilings and Floors
UNIT 6: MACROECONOMICS MEASUREMENTS
1. Read this
Georgia Virtual School: Macroeconomics Measurements
2. Watch these videos to learn about macroeconomics measurements.
ECON MOVIES: BACK TO THE FUTURE
Nominal vs. Real GDP, Unemployment, and Inflation
MICROECONOMICS VS. MACROECONOMICS
AGGREGATE DEMAND AND AGGREGATE SUPPLY
ECONOMIC LOWDOWN: THE LABOR MARKET
UNIT 7: INTERNATIONAL ECONOMICS
1. Read this
Georgia Virtual School: International Economics
2. Watch these videos to learn about international economics.
What can a simple Pencil Teach you about International Trade? Everything!
EconPop: The Economics of Cast Away
Scoop this game to your scoop.it page, play the game, and explain what your results were and what you learned in your insight box.
COMPARATIVE ADVANTAGE AND INTERNATIONAL TRADE
Mr. Clifford teaches you about international trade and comparative advantage
COMPARATIVE ADVANTAGE: THE TRAGEDY OF TASMANIA
Comparative Advantage and Terms of Trade
WHY DO COUNTRIES RESTRICT TRADE?
BARRIERS TO TRADE
BARRIERS TO TRADE: TRADE RESTRICTIONS
EXCHANGE RATES: FOREIGN EXCHANGE OF CURRENCY
FOREIGN EXCHANGE MARKET WITH MR. CLIFFORD
INTRODUCTION TO BALANCE OF PAYMENTS
BALANCE OF PAYMENTS, FOREIGN EXCHANGE RATES, CAPITAL FLOWS
UNIT 8: FISCAL AND MONETARY POLICY
1. Read this.
Georgia Virtual School: Fiscal and Monetary Policy
2.Watch the videos below to learn about fiscal and monetary policy.
FISCAL POLICY SCOOPS
TOTAL TAX INSIGHTS TAX CALCULATOR
MONETARY POLICY SCOOPS
MONETARY POLICY, THE FED, AND DESPICABLE ME!
THE FEDERAL RESERVE SYSTEM: QUICK OVERVIEW
SEE THE INFOGRAPHIC BELOW FOR REVIEW
FISCAL & MONETARY POLICY INFOGRAPHIC!
COMPUTER GAME ACTIVITIES BELOW.
NY TIMES BUDGET PUZZLE GAME F(FISCAL POLICY)
AP MACROECONOMICS LINKS
UNIT 1: BASIC CONCEPTS OF ECONOMICS
1. MUST SCOOP, READ, AND SUMMARIZE CHAPTER 1, 2, 3, and 4 FROM PRINCIPLES OF MACROECONOMICS. EACH CHAPTER SHOULD HAVE ITS OWN SEPARATE SUMMARY PARAGRAPH. USE THE LINK BELOW.
Principles of Macroeconomics online textbook table of contents
OR, you can choose to read and summarize chapters 1, 2, 3, and 4 of McConnell/Brue textbook you were issued. Simply scoop the link below and summarize all your reading in the insight box on your scoop.it page.
McConnell/Brue Economics Book online resources
2. Unit 1 Scoop.it VIDEO assignments below: Choose at least 4 videos from the AC/DC ECON Basic Concepts playlist. Scoop them to your scoop.it page, watch them and write a 5 sentence paragraph explaining what you learned.C
AC/DC ECON: MACRO UNIT 1 VIDEOS: BASIC CONCEPTS PLAYLIST
OPTIONAL VIEWING FOR YOUR PLEASURE AND ENRICHMENT
HOW THE ECONOMIC MACHINE WORKS
60 SECOND ADVENTURES IN ECONOMICS
SEINFELD: SCARCITY AND TOILET PAPER
SEINFELD: OPPORTUNITY COST AT A CHINESE RESTAURANT
ECON MOVIES: MONTY PYTHON AND THE HOLY GRAIL
UNIT 2: MACROECONOMIC MEASUREMENTS
1. Scoop online text and read chapters 5 and 6. Summarize each chapter in your insight box on your scoop.it page.
OR read chapters 23 and 24 of your McConnell, Brue, Flynn textbook and summarize each chapter in your insight box.
McConnell, Brue, Flynn Economics book
2. Unit 2 Scoop.it assignments below: Choose at least 4 videos from the AC/DC ECON Macroeconomics Measurements playlist. Scoop them to your scoop.it page, watch them and write a 5-7 sentence paragraph explaining what you learned.
ACDC MACROECONOMICS MEASUREMENTS PLAYLIST
ECON MOVIES: BACK TO THE FUTURE
THE CRISIS OF CREDIT VISUALIZED: 2009 GREAT RECESSION
UNIT 3: NATIONAL INCOME AND PRICE DETERMINATION
1. Unit 3 reading: Read chapters 7 and 8 and summarize in your insight box.
Principles of Economics online text
OR read chapters 24 and 25 of your McConnell, Brue, Flynn textbook and summarize each chapter.
McConnell Brue Economics Textbook
2. Unit 3 Scoop.it assignments below: Choose at least 4 videos from the AC/DC ECON playlist. Scoop them to your scoop.it page, watch them and write a 5-7 sentence paragraph explaining what you learned.
ACDC ECON AGGREGATE SUPPLY AND DEMAND VIDEO PLAYLIST
Aggregate Supply and Demand Interactive
Use the interactive site above to practice your ASAD model shifts
UNIT 4: FISCAL POLICY
1. Unit 4 Reading: read chapters 12 and 16 and summarize in your insight box.
Principles of Macroeconomics online text
OR read Chapters 30 and 35 in your McConnell, Brue textbook and summarize in your insight box.
McConnell Brue economics textbook
2. Unit 4 Scoop.it assignments below: Choose at least 4 videos from the AC/DC ECON playlist. Scoop them to your scoop.it page, watch them and write a 5-7 sentence paragraph explaining what you learned
ACDC ECON FISCAL POLICY VIDEO PLAYLIST
FEAR THE BOOM AND BUST: KEYNES VS. HAYEK EPIC RAP
HALF YOUR HALLOWEEN: TAXATION AND REDISTRIBUTION
UNIT 5: MONETARY POLICY AND THE FINANCIAL SECTOR
a. Describe the organization of the Federal Reserve System.
b. Define monetary policy. Who makes monetary policy in the United States?
c. Describe how the Federal Reserve uses the THREE tools of monetary policy to promote price stability, full employment, and economic growth.
d. Describe the process of fractional reserve banking and explain how fractional reserve banking allows a commercial bank (like Wells Fargo or Bank of America) to "create" money and change the money supply.
e. Define the money multiplier and distinguish the money multiplier from the tax multiplier and spending multiplier.
1. Unit 5 Reading: read chapters 9, 10, and 11 and answer the above questions in your insight box.
Principles of Macroeconomics online text
OR read the pages listed on your unit plan sheet in your McConnell, Brue textbook and answer the above questions in your insight box. (Banking, money, Federal Reserve, monetary policy)
McConnell Brue economics textbook
Unit 5 Scoop.it assignments below: Choose at least 4 videos from the AC/DC ECON playlist. Scoop them to your scoop.it page, watch them and write a 5 sentence paragraph explaining what you learned.
I would recommend the videos on the money market graph, monetary policy, bank balance sheet (T-account), and how banks create money.
ACDC ECON: MONETARY POLICY VIDEO PLAYLIST
HOW CAN I LEARN ABOUT THE BANKING SYSTEM IF I FAILED MY FRQ?
1. Mr. Clifford helps you understand a bank balance sheet (T-account)
2. Changes in money supply from FED and deposits
4. How banks create money out of thin air
6. 2009 FRQ #3 Banking question
DO THIS ACTIVITY IF YOU DON'T UNDERSTAND T-ACCOUNTS
Understanding a bank balance sheet T-account of a bank lesson
FRACTIONAL RESERVE BANKING AND MONEY CREATION
UNIT 6: INTERNATIONAL ECONOMICS
a. Distinguish between absolute advantage and comparative advantage.
b. Explain balance of payments and the difference between the current account and the financial account.
c. Define tariffs, quotas, embargoes, standards, and subsidies.
d. Identify NAFTA, ASEAN, and the European Union.
e. Define foreign exchange rate and identify the factors that can cause a FOREX market graph to change.
f. Explain why, when exchange rates change, some groups benefit and others lose.
g. What are the arguments for and against free trade between countries?
1. Unit 6 Reading: read chapter 15 answer the above questions in your insight box.
Principles of Macroeconomics online text
OR read the pages listed on your unit plan sheet in your McConnell, Brue textbook and answer the above questions in your insight box. (Banking, money, Federal Reserve, monetary policy)
McConnell Brue economics textbook
Unit 6 Scoop.it assignments below: Choose at least 4 videos from the AC/DC ECON playlist. Scoop them to your scoop.it page, watch them and write a 5-7 sentence paragraph explaining what you learned.
ACDC ECON: INTERNATIONAL ECONOMICS PLAYLIST
Check out the infographic on this link to find out the answer to this question and understand a little more about the complexity of international trade!
AP MACROECONOMICS POWER POINT PRESENTATIONS
AP Macro: Macroeconomics Measurements (GDP, CPI, Unemployment Rate)
AP Macro National Income and Price Determination (AS/AD)
AP Macro Fiscal Policy, Phillips Curve
AP Macro Fiscal Policy: Keynesians vs Classical Economists
AP Macro: Money, Monetary Policy (courtesy the Fed)
AP Macro International Economics: Manland and Womania
OTHER ECONOMICS LINKS
Free online AP Macro course from Davidson College
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