AP Macroeconomics Unit 2, Measuring the Economy, Inflation ...



AP Macroeconomics Unit 2, Measuring the Economy, Inflation and Unemployment

Chapters 7 and 8. McConnell-Brue, 15th Ed.

• Students will be able to calculate GDP from the expenditure approach and the income approach.

• Students will understand the difference between nominal numbers and real numbers.

• Students will be able to explain the patterns of economic activity known as the business cycle and analyze the types of economic instability that occurs.

• Students will be able to differentiate between types of unemployment.

• Students understand the concept of the natural rate of unemployment in an economy.

• Students will understand the construction of a price index.

• Students will be able to calculate price index numbers and rates of inflation.

• Students will be able to evaluate the impact of unexpected inflation on economics decisions.

|Monday |Tuesday |Wednesday |Thursday |Friday |

|  |  | |Sept. 17 |18 |

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| | | |-What is GDP? |-Expenditure/Income Approach |

| | | |-What is counted? |GDP |

| | | |-Read pp. 116-121, Ques. 1-5, | |

| | | |-Expenditure/Income Approach to |- Ch. 7-8 practice problems |

| | | |Counting GDP |distributed |

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| | | |-Read pp. 116-123, Ques. 1-5, |-pp. 122-123, Ques. 8-9, show |

| | | | |work |

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|21 |22 |23 |24 |25 |

|  |  |  |  |-2000 AP Multiple Choice Review|

|-GDP Quiz |-Measuring Inflation|-The Business Cycle |-TW #3 | |

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|-Real vs Nominal | |-Unemployment and Okuns |-Inflation - types and Effects  | |

|Numbers |-Read pp. 146-156, |Law | | |

|-What is an index?|ques.13,14 | |-Activity 13 | |

|-Read pp. 124-132,| |-Read pp 136-140 Ques. |-Read pp. 140-145, Ques. 6-8 | |

|Ques. 11,12 | |5-8 |-Practice Questions Distributed | |

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|28 | |  |  |  |

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|Unit 2 Test | |  |  |  |

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