HONORS ECONOMICS WEEK 9
10/22/07-10/26/07

CLASS

 Monday 10/22
Schedule		 Tuesday 10/23
Schedule		 Wednesday 10/24
Schedule		 Thursday 10/25
Schedule		 Friday 10/26
Schedule
F Lesson 1 Lesson 2 X Lesson 3 Lesson 4
G Lesson 1 Lesson 2 Lesson 3 X Lesson 4
H X Lesson 1 Lesson 2 Lesson 3 X
CHAPTER 15 CONCEPTS AND VOCABULARY

AGGREGATE
AGGREGATE DEMAND
RECESSION
DEPRESSION
INFLATION
EXPORTS

 AGGREGATE SUPPLY
STAGFLATION
MACROECONOMICS
UNEMPLOYMENT
PRICE LEVEL
STICKY WAGES AND PRICES

SHORT RUN
LONG RUN
GDP
CONSUMPTION
INVESTMENT
BUSINESS CYCLES
LESSON IN CLASS HOMEWORK
Lesson 1 Bring:  A WORKING LAPTOP IS ABSOLUTELY NECESSARY TODAY--NO LAPTOP WILL COST YOU A ZERO ON A 10 POINT QUIZ GRADE!
Lesson 2
  • Market Failures: Unemployment, Inflation
  • Business Cycles
  • Cinderella Man

Analyze: Watch Cinderella Man, read the assigned articles: "Business Cycles" and "The Crass Slipper", then critically analyze the film and the articles using Marxist and Classical economic analysis and your own values.

These assignments are to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, October 28.
Lesson 3

Read:  Text, Chapter 15, pp. 315-321

QFR:  #1, pg. 344

PAA:  # 1  pg. 345

You do NOT have to use graphs, but all answers must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, October 28.
Lesson 4
  • Introduction to Aggregate Markets
 Read: for discussion purposes the article on Joseph Schumpeter