Teacher: R Crawford
Lesson: APE 8.1 Aggregate Demand and Aggregate Supply
Textbook: pp. 291 -302
Material: 8.1 Lecture Notes
Chapter 13 Powerpoint
Economics U$A #4
Objectives: Review Supply and Demand and Introduce students to Aggregate Demand and Aggregate Supply
Concepts: AD/AS model
aggregate demand
wealth effect
foreign purchases effect
interest rate effect
determinants of aggregate demand
aggregate supply
determinants of aggregate supply
long run aggregate supply
Activities:
  1. Students will draw a market supply and demand curve
  2. Challenge students to change model from micro to macro by defining and adding aggregates
  3. Lecture
    1. Use chalkboard to change S/D to AD/AS model
    2. discuss changes from P to PL and from Q to GDP/EMP
Assessment Activity: Class discussion and participation