Milton Friedman - No Free Lunch

A little food for thought - Milton Friedman on the idea of "no free lunch."  Enjoy.

Shutdown Rule

Imports and Tariffs

Congratulations Micro and Macro Students

The AP results are in and everyone did extremely well!  You blew away the national averages and everyone should be very proud.  Great work!!!!

All the Micro you can ever want!

Below is a link to most of the note for microeconomics.

Micro Notes

Review - Macroeconomics

Macro Students,

Below is the link to many of the notes for this semester.  Please see me if you have any questions.  We will continue to review everyday in class.

Macro Notes

Also, below are forty of the sixty multiple choice questions (with notes) from the 2008  AP Exam.  Enjoy.

Multiple Choice questions

Review - Microeconomics

Hello -

Over the last several days, Microeconomics students have been meeting after school for reviews.  The links below are for the notes on the topics we covered.  Please see me anytime for questions and review.

Supply and Demand:
https://www.dropbox.com/s/vdn37tnm075l2e3/AP%20Micro%202-9%20Summary.ppt
 - this includes information on elasticity, consumer and producer surplus, utility, etc.

Markets:

https://www.dropbox.com/s/42cslxnduzzukj1/AP%20Micro%203-7%20Summary.ppt
 - Includes Cost Curves and Perfect Competition

The we will review Friday, Monday, Tuesday, and Wednesday after school.  I plan to cover Monopolies, Monopolistic Competition, Oligopolies, and Factor Markets during this time.  Please take time to review the basic concepts on your own.

Fiscal Policy

Using Fiscal Policy to address a recessionary gap.

Tools of Fiscal Policy:
Government Spending
Tax increases and cuts

Please see me with any questions.

AS/AD Graph with LRAS

Monetary Policy Applied

Monetary Policy Notes and P.S. answers

Monetary Policy Power Point

Problem Set Answers

Consumer Price Index

Consumer Price Index = market basket in current year / market basket in base year   x  100

*** The equations used at 3:50, 4:28, 4:48 are wrong***   
The correct equation for 3:50 is 50/20 x 100 = 250
The correct equation for 4:28 is 20/40 x 100 = 50
The correct equation for 4:48 is 50/40 x 100 = 125

I will fix the error shortly, but in the mean time, please make the appropriate corrections. 

Macroeconomics vs. Microeconomics

For all juniors and seniors who are interested in taking AP Economics, this video will help explain the primary differences between Microeconomics and Macroeconomics.  Please understand that you do not have to take micro before you take macro.  See me if you have any additional questions.

Unemployment Rate per Degree

http://graphicsweb.wsj.com/documents/NILF1111/#term=

Gross Domestic Product (GDP)

GDP = C+I+G+Xn

Class for 1/17/2012

Review the determinants of supply and demand.

Determinants of Supply and Demand