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Sort: Relevance. Good for end of unit reviews or end of course review. This purchase includes licenses for one tea. Handouts , Study Guides. Show 6 included products. Show more details. Wish List. This is an easy review that students can use to personalize to their own study concept needs.
There are three categories included in the assignment - graphs, formulas, and concepts. Students pick five from each category, and design a one-pager. Whereas this PDF includes instructions for the students to create a one-pager review on the specific AP Macro formulas, graphs, and concepts of their choosing, you could also do this review using sidewalk chalk, posters, etc.
Study Guides , Test Prep , Worksheets. AP Macro Review Packet. Quick review packet on AP Macro units - tried to incorporate as many ideas as possible. Economics , Other Social Studies - History. Handouts , Other , Outlines. Good for end of unit review or end of course review. NOTE: If you already have the original version, just download again to get the updates. This purchase incl.
Homework , Study Guides. This purchase includes a l. Review Wiki for AP Macro. Word Document File. Directions and Rubric for Review Wiki Page. Activities , Cooperative Learning , Homework. This is a set of 72 cards with review questions and problems on almost everything students need to know for the AP Macroeconomics exam, along with suggested rules for how to integrate the questions into a game of Clue.
The Clue set is not included. You will need to supply your own, although the review cards will also work with Monopo. Fun Stuff , Games , Test Prep. PDF Activity. Clifford does an excellent job. This is simply a worksheet to use in combination with the video.
Business , Economics , Social Studies - History. Activities , Movie Guides , Worksheets. I love using the Foreign Exchange Market as "applied supply and demand" because students are very interested in international trade, foreign exchange rates, and travel in general.
In the four-day plan, I include a hands-on activity with Kenyan Shillings printable and paper clips, which are easily accessible at school or home. This is a required AP Macroeconomics unit, but can be used in regular economics with or without the ForEx Market graphs without graphs, it's a two-day plan. Unit Include. Economics , Gifted and Talented , International Business.
Vocabulary, graphing, comparative advantage, absolute advantage, calculating slope, gains from trade. Practice questions and graphs to accompany regular lesson.
The graph below shows Loriland's sugar market, and P sub W represents the world price. So we see our domestic demand, we see our domestic supply, and then we see the world price. All right, now let's try to answer the questions that they have given us. So pause this video, and see if you can figure that out on your own. All right, now let's do it together. So at first, you look at your domestic demand and see, well, what would the domestic demand be at the world price?
So that would be where these two lines intersect. So the domestic demand at the world price would be 14 million pounds. You might be tempted to put 14 million pounds here, but that would be the total domestic demand at that world price. But some of that is domestically produced, and some of it is imported. How much is domestically produced? So this is domestic production. And so between these two points, that length, that represents how much is actually imported.
So to go from two million pounds to 14 million pounds, 14 minus two is 12 million pounds. That is imported, 12 million pounds. Identify the new level of domestic production. So once again, pause the video, and try to figure that out. So we are now in this situation. This is the new price. Now, they say what is the new level of domestic production? So the domestic supply, at that price, the domestic suppliers look like they are willing to supply six million pounds.
So that is our new level of domestic production, six million pounds. All right, part ii, calculate the domestic consumer surplus for Loriland. You must show your work. Pause the video, and see if you can figure that out. Well, the domestic consumer surplus for Loriland in this scenario, where this is the price, well, then we are going to, let me scroll down a little bit so we can see the entire consumer surplus.
That is going to be the area above this horizontal line at the price and below our domestic demand curve. So this right over here is the consumer surplus in that scenario. If I just multiplied the quantity times the height, I'd be figuring out the area of this entire rectangle, so it's a little bit of a geometry review.
To get half of that, we would multiply it by half. So this is going to be, it's going to be 10 million pounds. I'll do it right over here, so I have some space. So let's see, the pounds cancel out. All right, part iii, scroll down a little bit. Calculate the total tariff revenue collected by the government.
This also says you must show your work. Welker: Here is where the first common mistake was made. Welker: This is the question that almost everyone screwed up on. As output increases in NZ due to higher net exports, demand for money will shift out, and if you recall the Y-axis in a money market shows the nominal interest rate , so nominal interest rates will increase as money demand shifts out.
The mistake most people made was misinterpreting the question to be asking about the foreign exchange market for NZ dollars. This is not what the question is asking for, however, many of you included this diagram, which does not show the nominal interest rate.
Given your answer to part b ii , explain what will happen to real interest rates. Whether real interest rates rise or fall depends on the degree to which nominal interest rates and inflation rise. Therefore, the real interest rate cannot be determined. Indicate whether each of the following curves will shift to the left, shift to the right, or remain unchanged in the long run in Australia. Welker: I was truly shocked to see how many people got this one totally wrong.
In fact, I suspect about half of you just guessed on this one, which was a surprise to me because this was something we had emphasized heavily in our class discussions; in fact you had even seen a very similar question in an FRQ a couple of units ago. If Australia remains in a recession, high levels of unemployment and low levels of overall spending will put downward pressure on wages and prices.
As price levels fall and large number of workers are unemployed, people will begin accepting lower wages, which means input costs for firms will decrease, inducing firms to hire more workers, shifting short-run aggregate supply and output back towards the full-employment level.
The mistakes made on this FRQ are fairly common and simple mistakes.