Week of 12/03/12

This week I am not going to give as much detail. We will begin a new part of the unit later this week: How Banks & Thrifts Create Money. We will be challenging some of your conceptions about banking and will begin to see how the Federal Reserve can get banks to control the supply of Money. Please note, we will have a Quiz Wednesday on Chapter 13.

Monday
The Federal Reserve System is the glue that makes the our banking system run and makes our banks safer than before the Great Depression.

1. Federal Reserve System
• Diagram the structure of the Federal Reserve System


2. Chapter 13 Short Answer Questions

Homework: Chapter 13 Problems

Tuesday

We will look at the mathematical equation of how the money supply balances with the price level.

1. Discuss Chapter 13 Problems
2. Activity 36: The Monetary Equation of Exchange

Homework: Chapter 13 Multiple Choice Questions

Wednesday

Last wraps on Chapter 13 before the Quiz today.

1. Discuss Chapter 13 Multiple Choice Questions
2. Quiz: Chapter 13

Homework: Read & Note from Chapter 14 pp. 265-271

Thursday

We will begin looking at the banking system and the role it plays over the commercial banks thrifts.

1. How Banks & Thrifts Make Money
2. Chapter 14 Short Answer Questions

Homework: Read & Note from Chapter 14 pp. 271-279, and complete the Fill-In Questions (to be collected Friday)

Friday

More on the Banking System.

1. Activity 37: The Multiple Expansion of Checkable Deposits
2. Economics U$A: (Unit 21) The Federal Reserve

Homework: Chapter 14 True/False Questions (justify your answers)

Week of 11/26

Trying something new this week, of course it all depends on how well I can maintain this... I am going to try and update each weekend what we will be doing in class this week. It may be able to give you some advanced notice of upcoming work so you can get ahead of your busy schedule. This week we will transition from discussing the Long-Run Aggregate Supply and turn our attention to the discussion and understanding of money as we move toward Monetary Supply. Make sure you are aware of a Quiz this week, Wednesday - Long Run Aggregate Supply.

Monday
More Long-Run Aggregate Supply (LRAS). After responding to your questions we will work on a few activities to sharpen your acumen on LRAS.

1. Activity 28: Short-Run to Long-Run
2. Activity 29: LRAS and the PPC
3. Activity 33: Analyzing the Macroeconomy

Homework: Chapter 16 Problems and page 321 #1-4

Tuesday
Finishing up with LRAS and putting it all together. We will go over the activities from the day before and the homework.

1. Sample Free-Response Questions

Homework: Study for the Quiz Wednesday and finish the Free Response Questions

Wednesday

Quiz today on LRAS (first part of Chapter 16)! Afterwards we will begin discussing MONEY! As much as we like the idea of money in it's basest sense as necessary to acquire our needs and wants in our society, it is more important for us to understand the economic definitions of money and why we can use it as a medium of exchange.

1. Quiz: LRAS
2. Discussion about Money, the functions, definitions, and what "backs" money.

Homework: Read and Note about Monetary Supply (pp. 244-250) use the Chapter 13 Overview and Fill-In Questions (I will collect Friday after you get to complete noting the rest of the chapter Thursday)

Thursday

More about Money. Assessing understanding about Money and the Ms.

1. Discussion about Money Supply from your questions
2. Activity 34: Money
3. Activity 35: What's All This About the Ms?
4. Chapter 13 True/False Questions (About Money Supply)
5. Chapter 13 Short Answer Questions (About Money Supply)

Homework: Read and Notes about Money Demand and the Money Market (pp. 251-260) use the Chapter 13 Overview and Fill-In Questions I assigned on Wednesday. I will collect the Fill-Ins Friday.

Friday

Money Market and the Price of Money, also known as the Interest Rate. Putting together both sides of the equation and some earlier ideas about interest rates.

1. Discussion about the Money Market from your questions
2. Activity 39: The Money Market
3. Chapter 13 True/False Questions (about Money Demand and Money Market)
4. Chapter 13 Short Answer Questions (about Money Demand and Money Market)
5. Activity 36: The Monetary Equation of Exchange

Homework: Chapter 13 Problems

It is likely we will have a quiz on Chapter 13 either Tuesday or Wednesday next week.