1. AP Economics November 22, 2004 1. Warm up—List some of the determinants of aggregate consumption. 2. The cost of poverty (short video) 3. Focus Question: Do wealthy nations have an obligation to help poorer nations? Consider the arguments for both sides. 4. Discussion

2. AP Economics November 23, 2004 1. Warm up—Explain the relationship between savings and investment. 2. Focus question: discussion 3. A few figures examined

3. AP Economics November 24, 2004 1. Warm up—Examine the Economics of Thanksgiving. 2. EXAM on chapter 20

4. AP Economics November 29, 2004 1. Warm up—What are net taxes? 2. A few matters of business 3. Quick review: Throwing Government in the mix 4. Surpluses or deficits? (video, notes, discussion) Read, summarize and analyze the NY Times article on the Bush Social Security plan. Due Tuesday.

5. AP Economics November 30, 2004 1. Warm up-what happens when the government spends more than it has? 2. Article discussion.

6. AP Economics December 1, 2004 1. Warm up—What role do transfer payment play in GDP? 2. Article discussion continued. 3. Tax cuts: for better or for worse? 4. Crash course on money and the Fed. 5. Money supply exercise.

7. AP Economics December 3, 2004 1. Warm up—Y=C + I + G. Explain. 2. EXAM on Chapter 21 3. Review You’re the Fed

8. AP Economics December 6, 2004 1. Warm up—What is the discount rate? 2. The Fed Today (video, notes) 3. You’re the Fed reviewed EXAM Wednesday on Ch. 22

9. AP Economics December 7, 2004 1. Warm up—What are open- market operations? 2. Workshop 22 (questions, research, individually or in groups)

10. AP Economics December 8, 2004 1. Warm up—Examine the relationship between fiscal policy and monetary policy. 2. EXAM 3. Commanding Heights (continued) 4. Discussions, questions, and maybe even some answers.

11. AP Economics December 9, 2004 1. Warm up—What is the nonsychronization of income and spending? 2. Solving a problem 3. The Next Bill Gates? (article, discussion, quick write) 4. Study questions