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Macro Unit 4 Long Run Consequences of Stabilization Policies
Big ideas for this unit:
Stabilization Policies
Monetary Policy
Fiscal Policy
Phillips Curve
Essential Questions:
What is the crowding out effect?
How to interest rates affect crowding out?
What is the Short run Phillips curve?
What is the Long Run Phillips curve?
How are fiscal and monetary policy related?
Important terms:
Monetary and fiscal policy action
Crowding-out
Graphing monetary and fiscal policy interactions
The short-run Phillips curve
Economic growth and the determinants of productive capacity
Why economists disagree
Please check out this calendar with all the classes and topics intended to be covered for Unit 4.
https://docs.google.com/document/d/1VnM5xaaSBN5zlsu8wVJVuZ5K1lmZfOFxSqfkA0vQuq4/edit
This is the AP Microeconomics Problem Bank for Unit 4.
https://docs.google.com/document/d/1WinCao-k9XwCRHwV4JAOqQLR-FHftwKKwOFh0PM3ADc/edit
This is a study guide for Unit 4:
https://docs.google.com/document/d/1WinCao-k9XwCRHwV4JAOqQLR-FHftwKKwOFh0PM3ADc/edit
This is the link to this unit's summative assessment
Asynchronous Guide for Unit 4:
The following is the link for Paul Krugman's book
https://drive.google.com/drive/folders/1wKE2GfZakJnQHde9Eo5dCxDV28SwiYJB
These are the modules that have to be read for this unit:
Module 30: Long Run Implications of Fiscal Policy, pg 292-303
Module 31: Monetary Policy and Interest Rate pg 304-311
Module 32: Money Output and Prices in the Long Run pg 312-317
Module 33: Types of Inflation pg 318-327
Module 34: Inflation and Unemployment: The Phillips Curve pg 328-340
This module corresponds to Section 5 of Paul Krugman’s book, found on the link below:
https://drive.google.com/drive/folders/1wKE2GfZakJnQHde9Eo5dCxDV28SwiYJB
Videos:
Khan Academy on Short Run and Long Run Phillips Curve
https://www.youtube.com/watch?v=eN20tOlnyb8&t=5s
Khan Academy on Phillips Curve and AS AD Model.
https://www.youtube.com/watch?v=Sp322oNOQLA
Class 1
Review new unit topics, assessment and activities.
Read Krugman, pgs 292 to 303 (Section 6, Module 30). Find all vocabulary from the problem bank.
Class 2
Review vocabulary.
Read Krugman, pgs 304 to 317 (Section 6, Modules 31 and 32). Answer the True and false from the problem bank.
Class 3:
Begin Phillips Curve
Class 4
Popcorn read begin pg 304 end 307
https://drive.google.com/drive/folders/1wKE2GfZakJnQHde9Eo5dCxDV28SwiYJB
Long Run Phillips Curve
Watch video and copy layout in notebook
https://www.youtube.com/watch?v=v7ZWTZ9NgU4
Solve Layout. Answer Unit 1 and begin Unit 2 in Year Guide. Solve Unit 1 in Break Out rooms.
Class 4:Review
Class 5: Review
Class 6: Unit 4 Review
Class 7: Unit 4 Summative Evaluation
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