Mr. Kuzma's Blog

Economics: SBAC Testing Mon/Tues Feb 4/5

• SBAC Testing

Internal Assessment due Wednesday, February 13th

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Economics: Macro Day 21, Weds, January 30

• Macro Exam
• Internal Assessment work time

Question for your student: How did the exam feel? Do you plan to retake? What do you need to do to study for the retake?

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Economics: Macro Day 19, Tues/Weds, January 23/24

• Review Supply and Demand side policies (interventionist and market oriented)
• https://www.youtube.com/watch?v=3sUCSGVYzI0
• Chapter 22 lecture (income distribution)
• https://www.npr.org/sections/money/2013/03/15/174358638/a-surprisingly-uncontroversial-program-that-gives-money-to-poor-people
• Example Internal Assessment review

Macro Exam Next Wednesday:

GDP, expenditure method, circular flow model, HDI, GDI, GDP per capita, Lorenz curve, gini index, goals of macro, business cycle (graph), demand side and supply side policies (market oriented and interventionist), shifting AS and AD (neo classical and Keynesian), fiscal and monetary policies, inflation, stagflation, deflation (bad and good), unemployment (cyclical, seasonal, structural, real-wage, natural, frictional), indirect taxation, direct taxation, flat tax rates, progressive tax rates, regressive tax rates, automatic stabilizers

Homework: Three printed articles are due next class. Good search terms include: Growth, GDP, Hiring, Unemployment, Inflation, Wages, Central Bank, Federal Reserve, Deflation, Quarters: first, second, third. Make sure to have articles from a different newspaper than your first I.A. Don’t just look for articles involving the U.S.A.

Question for your student: Is the federal earned income tax credit good policy?

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Economics: Macro Day 17, Thurs/Fri, January 17/18

• Finish viewing Commanding Heights
• Review example internal assessments

No Homework

Question for your student: What is the role of regulation in order to maintain an economy? How did Paul Volcker save the day?

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Economics: Macro Day 15, Friday, January 14/15

• Review Unemployment Scenarios
• Finish Unemployment lecture (solutions to structural unemployment)
• Discuss crowding out and the Laffer curve
• https://www.opb.org/news/article/npr-wither-aluminum-smeltings-future-in-the-northwest/
• LRAS activity with: https://www.youtube.com/watch?v=GCQfMWAikyU
• Neo-Classical vs. Keynesian LRAS curves handout

No Homework: Turn in LRAS posters

Question for your student: Should governments intervene with fiscal policy when an economy is in recession? What might be the unintended consequences of your opinion? 

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