Sunday, November 25, 2012

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

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