
Macro Unit 1: GDP + Business CycleMacro Unit 1: Inflation + UnemploymentUnit I1: Intro to MacroeconomicsObjectives:1. TSW understand the reasoning/rationale for Macroeconomics.2. TSW identify the 3 goals of every national economy.Homework:1. Read + Outline Chapter 23 in Mankiw (10 Points)Unit I2: GDP Goal #1  Promote Economic GrowthObjectives:1. Define and answer how do we measure GDP?2. How do you measure GDP from year to year? What is the percentage change is GDP formula?Homework:NoneUnit I3: How do you calculate GDP?Objectives:1. What are the two approaches to GDP?2. GDP Practice Problems within the packet.Homework:1. 2007 FRQ PracticeUnit I4: Nominal vs. Real GDPObjectives:1. Define Real vs. Nominal GDP2. Define base year and how it is used in relation to how GDP is measured?Homework:NoneUnit I5: Calculations using the GDP DeflatorObjectives:1. Man we talking about practice within our packet...Homework:NoneUnit I6: GDP Measured vs. Standard of LivingObjectives:1. 5 Examples of GDP through productivity.2. Define GDP/Capita in relation to all of the nations of the world.Homework:NoneUnit I7: Business CycleObjectives:1. Identify the 4 phases of the business cycle.2. Identify the 3 responsibilities of the federal government back to Macro goals.Homework:NoneUnit I8: Economic Growth + Income DistributionObjectives:1. Calculate GDP Growth Rate2. Associate GDP Growth Rate with shifts/changes to the PPC Curve.Homework:NoneUnit I9: Calculating the Gini Coefficient + Graphing the Lorenz CurveObjectives:1. Calculate the Gini Coefficient2. Graph the area under the Lorenz curve in order to decide the equality of income distribution throughout a nation.Homework:NoneUnit I10: ReviewObjectives:1. Review for the Macro Unit 1: GDP + Business Cycle TestHomework:NoneUnit I11: Test  Macro Unit 1  GDP + Business CycleUnit I12: Goal #2: Full EmploymentObjectives:1. Define the following terms: unemployed, employed, labor force, unemployment rate2. Determine how to calculate all of the above rates.Homework:1. Read Chapter 24...Unit I13: The 3 Types of UnemploymentObjectives:1. Define and align the different types of unemployment such as frictional, structural, seasonal, and cyclical.Homework:1. NoneUnit I14: Natural Rate of UnemploymentObjectives:1. How to calculate the NRU? What makes up this rate?2. Define Okun's law.3. Identify criticisms of the unemployment rate.Homework:1. NoneUnit I15: Intro to the Phillips CurveObjectives:1. Define long run and short run Phillips curves.2. Evaluate the reasoning for the inverse relationship between unemployment and inflation.3. Identify the 3 events possible to an economy.Homework:1. 2006 Practice FRQUnit I16: Goal #3: Limit InflationObjectives:1. Zimbabwe video and information.2. Define inflation and identify how it is measured in the US?Homework:1. NoneUnit I17: CPIObjectives:1. Relation of the CPI to the US economy2. Identify the differences between the CPI and the Core CPI.3. Learn how to calculate the CPI4. What problems occur with the CPIHomework:
1. NoneUnit I18: Practice CPI + GDP Deflator ProblemsObjectives:1. Practice all of the above calculations...Homework:1. NoneUnit I19: 3 Causes of InflationObjectives:1. Define the 3 causes of inflation.2. Identify the quantity theory of money equation.3. Explain the difference between demand pull and costpush inflation.Homework:1. NoneUnit I20: Interest Rates + InflationObjectives:1. Define the difference between nominal and real interest rates.2. Calculate all of the above!Homework:1. NoneUnit I21: Review for Macro Unit 1 Test: GDP/Inflation/UnemploymentUnit I22: Macro Unit 1 Test: GDP/Inflation/Unemployment
Last Modified on April 16, 2015