Teacher:	R Crawford
Lesson:	APE 9.2 Keynesian Criticism of Classical Theory
Textbook:	pp. 306 -309 The Consumption Multiplier
Material:	Chapter 14 Powerpoint Activity 25 Worksheet Activity 26 Worksheet
Objectives:	Students should understand basic Keynesian criticisms of classical macro theory and be able to derive and utilize the Keynesian Multiplier
Concepts:	classical theory Say's Law fiscal policy ratchet effect Keynesian multiplier marginal propensity to consume marginal propensity to save
Activities:	Open with animation of AD/AS showing ratchet Discuss Keynes' AD ratchet relating it to AVC Introduce Propensity to Consume and Save Have students use Sum of Geometric Series to derive KCM Paired work on Worksheets 25 and 26
Assessment Activity:	Individual assessments on worksheet activities