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ap macroeconomics unit 1 notes

be turned in at the END of class -- any assignment turned after class

be completed by the end of class--any assignment turned in after Intro Concepts. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Calculating CPI - Welker Video .

Resources and exam preparation. January 27. Balance of Payments and Exchange Rates_Student.pptx. .- increase in inflationary expectations leads to increase in spending changes in consumer confidence affect consumer spending . Macro Assignments. If you're having any problems, or would like to give some feedback, we'd love to hear from you.If you need to contact the Course-Notes.Org web experience team, While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. .

Unit 1 Notes. Chapter 1: 604125031: Marginal: Incremental, additional, or extra; used to describe a change in an economic variable. Module 2 - Introduciton to Macroeconomics. *AP and Advanced Placement Program are registered trademarks of the College Board, which was not involved in the production of, and does not endorse this web site. Students cultivate their understanding of the principles that apply to an economic system as a whole by using principles and models to describe economic situations and predict and explain outcomes with graphs, charts, and data as they explore concepts like economic measurements, markets, … A Medium of Exchange •Money can easily be used to buy goods and services with no complications of barter system. Friday. 2a - Thinking Like an Economist (2) Ch. these directions:After completing Ch. Macro Notes.

5 - Elasticity. . Resources and exam preparation. .changes in overall level of input costs shifts . Unit 1: Introductory Concepts 2020 Calendar. .Though inflation refers to a general increase in prices across the economy, prices of different goods willThough inflation refers to a general increase in prices across the economy, some prices will . .is used to measure inflation as experienced by an average American consumerConsumer price index uses a sample of goods called therepresentative range of items that an average person is likely to buy- take the % change in the weighted price of the basketcalculated like CPI, except that it instead includes goods typically purchased by buisnessesdirect effect on consumers, but increases in PPI can foreshadow future increases in CPIcalculated like CPI and PPI, except that it includes both consumer and business goodsPeople can be hurt - or helped- if they overestimate or underestimatePeople will do things to protect themselves against . and models. .it reduces the unemployment rate, making that rate potentially misleading.when someone has a job - and this is not counted as unemployed- but it doesn't entail enough ours to make ends meetWhat does the unemployment rate say about the wages workers get paid?when a person's job skills have become obsolete (no longer in demand due to economic changes)We assume that there will always be some . January 27. Macro Schedule. . ACDC Economics Flip Video 1.2 Production Possibilities Frontiersake Unit 1: Basic Economic Concepts You’ll start the course with an introduction to economic concepts, principles, and models that will serve as a foundation for studying macroeconomics.

The Phillips Curve.pptx.

. 1. See how our course content aligns with AP Macroeconomics standards: AP®︎ Macroeconomics Standards mappings. You have equilibrium even during a depression, and you can not be at equilibrium when the economy is doing well.money given by government to people in the private sector but not production by . and . AP Macroeconomics Units 1-2. Unit 1: Introductory Concepts 2020 Calendar. Modules 4.1a - Production Possibilities Curve

A Unit of Account •Money measures the value of all goods and services. AP US Government AP US History. . Mastery unavailable. Macroeconomics is a branch of Economics that deals with the structure, behaviour, decision-making, and performance of an economy as a whole. . Suppose inflation during that time is 3% annually.Example: Suppose a bank lends someone money to buy a car at 3% interest over 5 years. Macro Notes. Provide a definition for scarcity as it relates to economics 2. )(gross domestic private investment) - (capital consumption adjustment)Anything that causes the sum C + I + G + (X - IM) to increase causes AD to shiftAnything that causes the sum C + I + G + (X - IM) to decrease causes AD to shiftWhy did Keynes disagree with self-correcting mechanisms?He urged that wages are "sticky in a downward direction" (i.e. .- increase in taxes leads to a decrease in disposable income, meaning spending decreaseschanges in inflationary expectation affect consumer spending . On the AP exam you will be expected to generate, interpret, label, and analyze graphs, charts, and data to describe and explain economic concepts. .rapid and significant shift in SRAS resulting from a big change in the price of a key input used throughout the economylower RGDP (higher unemployment) and higher price level (more inflation)key input becomes much cheaper, and SRAS jumps rightchanges in personal income taxes affect consumer spending . . no cyclical unemploymentWhen the unemployment rate is at or below the natural rate, we say that . Monday.

Money acts as a measurement of value.

Macro Links. Thursday. . Has dropped out of the labor force, reducing both the participation rate and the unemployment rateWhen the estimate of the number of discouraged workers rises . AP MACRO ECONOMICS SEMESTER PLAN TEXT: Economics, Principles, Problems and Policies, 17th Edition, McConnell and Brue Topic Timing Chapters Unit One Basic Economic Concepts 1, 2 ,3 & 5 This is a repeat of the first topic in AP Micro; review the chapters if needed. prepared to answer a short quiz based on the questions listed during

. Understand the concept of opportunity cost and be able to apply it to a real life scenario …

ACDC Economics Flip Video 1.3 Production Possibilities Frontiers and Study Guide for AP Macroeconomics. quizzes will be This test will consist of 35 multiple choice questions and one brief

AP Macro Unit 1b Notes: Microeconomics AP Macro Unit 1b Notes.docx 462.19 KB (Last Modified on January 5, 2018) ap macroeconomics unit 1 economic fundamentals 1/4- 1/1 5. unit 1 content map.

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