AP Macroeconomics 2014-2015 2013-2014

Welcome Booker T. Washington AP Macroeconomic Seniors

TEACHER

I. COURSE CONTENT AND FOCUS:

This course is an introduction to macroeconomics. This subdivision of economics deals with the economy as a whole: aggregate national income and output, government spending and taxation, money banking, monetary policy and international trade. Microeconomics focuses on individual economic entities. Macroeconomics deals with the overall level of output, its rate of growth and the level of prices in general.

II. SEQUENCE OF STUDY:

A. first grading period: Basic economic concepts; Economic Systems; Graphing of Supply and Demand; Gross Domestic Product (GDP);Business Cycles; Inflation.

B. second grading period: Aggregate Demand/Supply; Fiscal Policy; Money,Banking, Financial Institutions; the Federal Reserve Bank (the Fed); Monetary PolicyC. third grading period: Stabilization policies; the Phillips curve; Economic Growth; Open Economy

III. Grading: Computation of Six weeks’ Grade: District policy requires teachers to weight grades as follows: homework (counts twice) & class work=40%; tests & quizzes (including timed writings)=25% ; projects/products (six weeks’ project)=20%; six weeks’ test (notebook test)=15% Students are allowed to retake major unit tests, but the retake test will never be the same test as the original test.

Semester grade: The three six weeks’ averages will be averaged and will count for 85% of the semester average. The semester exam (teacher created), will count as the remaining 15% of the six weeks’ average.

IV. SUPPLIES:Students are expected to be prepared for class daily, which includes bringing the following supplies to class EVERY DAY: 1) 2 spiral notebook with pockets, “neatbook,” (used ONLY for Macroeconomics ); 2) pen (black or normal blue [not turquoise/aqua] and another color for grading), 3) pencil with eraser, 4) highlighter5) several packets of 3/5 notecards6) textbook7) 5 Steps to a 5 that will be handed out with your Textbook7) AP Macroeconomics, Princeton ReviewSupplies must be brought to class by __1/13__. Optional/extra credit supplies (determined by class period):____________________________

PLEASE NOTE: Students who do not have their textbook will be penalized 20 points on any associated assignment.

Gretchen Boettchereducation: Bachelor of Arts in Geography—University of Texas at Austincontact information: phone: 972/925-1259 e-mail: gretchboettcher@gmail.com website: http://gboettcher.weebly.com *I use and update my website regularly! Please check it out!*twitter: @gsboettcher; #apeco214conference times: 8:30-9:00 am Wednesday & Friday/ After school by appointment.tutoring & make-up work: 4:20-5:00 p.m. on Tuesday ; 8:35-9:10 on Thursday.

AP Macroeconomics 2014-2015 2013-2014

V. ORGANIZATION:Organization is ESSENTIAL to success in this class!! 1. A spiral with pockets for taking notes and storing papers in2. A spiral for taking notes while you read your textbook

Students are expected to bring the AP Macroeconomics spiral to class every day and to keep all handouts all year. Students who misplace handouts are expected to print a copy from the teacher web site. The binder may be evaluated (such as for a daily grade or as extra credit) in some way each six weeks.

VI. ATTENDANCE, TARDIES, AND MAKE UP WORK:Attending and being on time to class every day are two of the most influential factors in academic success. Although we miss the student when he/she is absent, we move forward with the regularly scheduled activities. All DISD and Arts Magnet attendance and tardy policies will apply. Students who are tardy are responsible for asking at an appropriate time what work was missed and for turning in any work that is due upon their entrance to class. Obtaining make up work on the day the student returns, either before school or before class, is ENTIRELY THE STUDENT’S RESPONSIBILITY. Students should check the make up work folder for any handouts. My responsibilities include giving work to students when I am asked to do so and grading it. When a student is absent, he/she has two calendar days for each day absent to make up and turn in work.

Work that cannot be made up outside of school, such as tests and quizzes, must be made up within three tutoring/make up days, or it will be considered late. Work due the day(s) the student was gone is due before class on the day he/she returns and should be placed in the tray on my desk. Work turned in during or after class will be considered late; therefore, not accepted. Finally, class time must be spent on learning. Students should always be prepared to make up quizzes and tests upon their return to class; the teacher’s discretion will be used to decide whether or not this is allowed.

Per state law students must be in attendance at least 90% of the semester & earn a 70 or above in order to receive credit for a course. Per state law, whether the absence was excused or unexcused is irrelevant.

POLICIES RELATED TO MISSING CLASS DUE TO CLUSTER AND OTHER SCHOOL-RELATED ACTIVITIES: Students are responsible for obtaining work in advance if they will miss class due to a field trip (whether cluster-related or academic), performance, or other school-related event, regardless of the nature of the field trip or performance or the number of students going. Any work due on the day class is missed due to a school activity is due by 4:20 p.m. ON THE DUE DATE.

IX. CLASS EXPECTATIONS:All classroom expectations, policies, and procedures are meant to support student learning and to maintain an environment conducive to learning and success. STUDENT LEARNING AND SUCCESS ARE MY UTMOST PRIORITIES!

When entering the class, be sure to put your cell phone in the “Cell Phone Caddy,” to the left of the door entrance. You will be assigned a caddy pocket with a number on it, to place your phone in before the school bell rings. Failure to do does will result in a lowered daily grade. The DISD and Arts Magnet policy requiring that cell phones must be OFF (which does NOT include being on “silent” or “vibrate”) and NOT VISIBLE (including in a “holster,” clipped to a purse or backpack, etc.) will be strictly enforced in this classroom. Cell phones seen in this classroom, whether the power or ringer is on or not, will be confiscated without warning and turned into the office; per Arts Magnet policy, the student will be required to pay a fine to recover the cell phone. Permission to use any electronic device, including iPods, iPads, Kindles, etc., must be sought and granted in advance. Using any electronic device during class without prior permission for any reason, even if the student believes the purpose to be instructional, subjects the device to confiscation.

Students, please note the following:1) Be on time, in your seat, and prepared to begin class when the bell rings. This includes having your textbook and supplies, being

prepared to STAY in class, and having completed any work assigned during a previous class period. Work is due when the bell rings, not when you finish and/or find it. If you finish and/or turn in homework after the bell rings, it will be counted late.

2) You may only drink bottled water. You may not eat during class.3) Listen to and follow directions the first time they are given.4) Respect yourself, others, and others’ property.5) Be responsible for your own work and your learning. Ask for help when you need it. Attend tutoring with a specific concern in mind, if necessary. 6) Participate willingly and with a positive attitude in all class activities. 7) Maintain academic integrity. Plagiarism and cheating are forms of intellectual theft. Plagiarism or cheating of any kind will result in a

ZERO on the assignment/test, and disciplinary action may be taken (i.e. parent phone call).

PLEASE KEEP THE SYLLABUS FOR YOUR REFERENCE.

AP Macroeconomics 2014-2015 2013-2014

PLEASE SIGN AND RETURN THE FOLLOWING TWO PAGES . YOU WILL EARN A “100” HOMEWORK GRADE FOR

RETURNING IT BY January 8 th Thursday. REMEMBER, I DO NOT TAKE LATE WORK.

ELECTRONIC DEVICE POLICY: On occasion, the teacher may invite students to use electronic devices for instructional purposes. Students who have not been given express permission to use an electronic device will forfeit their devices to the teacher if the device is seen during class, whether the sound is on or not, and regardless of the purpose for using it. The consequence for non-compliance with the forfeiture is an automatic discipline referral. After the electronic device is confiscated, it will be turned into the office; per Arts Magnet policy, the parent will be required to meet with an administrator and pay a fine to recover the cell phone.

Parents are welcome to leave emergency messages in the office or to leave voice messages for their students, which students may then check before or after school.

Thank you for understanding the disruption to the learning process and the threat to academic integrity the use of electronic devices causes in the classroom.

I have read and discussed this information with my son/daughter/parent/guardian.

__________________________________________ ___________________________________________ parent’s printed name student’s printed name

__________________________________________ ___________________________________________ parent signature/date student signature/date

Please give me contact information where you, the parent, can be reached during school hours:

PARENT’S e-mail address (often the quickest way for me to contact you): ________________________________

PARENT’S work phone:_________________________________

PARENT’S home phone:________________________________

PARENT’S cell phone: _________________________________

AP Macroeconomics 2014-2015 2013-2014

Course Planner

This is a summary outline of the major content areas covered by the AP Examination in Macroeconomics. The percentages indicated reflect the approximate percentage devoted to each content area in the multiple-choice section of the examination. The outline is a guide and is not intended as an exhaustive list of topics. All times listed are approximate.

I. Basic Economic Concepts (8-12%) (2 weeks)A. Scarcity, choice, and opportunity costsB. Production possibilities curveC. Comparative advantage, specialization, and exchangeD. Demand, supply, and market equilibriumE. Macroeconomic issues: business cycle, unemployment, inflation, growth

II. MEASUREMENT OF ECONOMIC PERFORMANCE (12-16%) (2 weeks)A. National income accounts

1. Circular flow2. Gross domestic product (GDP)3. Components of gross domestic product4. Real versus nominal gross domestic product

B. Inflation measurement and adjustment1. Price indices2. Nominal and real values3. Costs of inflation

C. Unemployment1. Definition and measurement2. Types of unemployment3. Natural rate of unemployment

III. NATIONAL INCOME AND PRICE DETERMINATION(10-15%) (3 weeks)A. Aggregate demand

1. Determinants of aggregate demand2. Multiplier and crowding-out effects

B. Aggregate supply1. Short-run and long-fun analyses2. Sticky versus flexible wages and prices3. Determinants of aggregate supply

C. Macroeconomic equilibrium1. Real output and price level2. Short and long run3. Actual versus full-employment output4. Economic fluctuations

IV. FINANCIAL SECTOR (15-20%) (2 weeks)A. Money, banking, and financial markets

1. Definition of financial assets: money, stocks, bonds2. Time value of money (present and future value)3. Measures of money supply4. Banks and creation of money5. Money demand6. Money market7. Loanable funds market

AP Macroeconomics 2014-2015 2013-2014

B. Central bank and control of money supply1. Tools of central bank policy2. Quantity theory of money3. Real versus nominal interest rates

V. INFLATION, UNEMPLOYMENT, AND STABILIZATION POLICIES (20-30%) (3 weeks)A. Fiscal and monetary policies

1. Demand-side effects2. Supply-side effects3. Policy mix4. Government deficits and debts

B. Inflation and unemployment1. Types of inflation

a) Demand-pull inflationb) Cost-push inflation

2. Equation for showing deflation and inflation3. The Phillips curve: short run versus long run4. Role of Expectations

VI. ECONOMIC GROWTH AND PRODUCTIVITY (5-10%) (1 week)A. Investment of human capital

B. Investment in physical capitalC. Research and development, and technological progressD. Growth policy

VII. OPEN ECONOMY: INTERNATIONAL TRADE AND FINANCE (10-15%) (1 week)A. Balance of payments accounts

1. Balance of trade2. Current account3. Capital account

B. Foreign exchange market1. Demand for and supply of foreign exchange2. Exchange rate determination3. Currency appreciation and depreciation

C. Net exports and capital flowsD. Links to financial and goods markets

VIII. Graphs, Charts and Data (Through out the course)A. Drawing and analysis of graphs, charts and dataB. Understanding and applying the economics modelsC. Explaining and charting news stories