1. AP ECONOMICS: November 15
A.P. Economics Learning Target: In order to understand how an open economy interacts with the rest of the world, I will learn how transactions in the financial markets and product markets impact interest rates and exchange rates. I will know I have it when I can: (1) draw loanable funds market graphs showing the impact of financial capital flows between countries; and (2) draw FOREX market graphs showing the impact of flows of items between countries.
Review of 40.1 Economic Growth: AD shifts due to ↑I vs. ↑C; Growth! --financial capital flows between countries using loanable funds graph
#1: Interest rate is 5% in France and 2% in the U.S. #2: Interest rate is 6% in Germany and 8% in the U.S. --FOREX market graphs (axes labels & basic shifts) -exchange rates (appreciation vs. depreciation); determinants of exchange rates FOREX Market Live Quotes -begin Worksheet 42.4 (HO)
Assignment:
--watch videos at Mr. Clifford’s web site (AC-DC Economics)
FRQs #8 & #9 are Friday Short FRQ—Phillips Curve Long FRQ—AD-AS, Money Market (MP-FP), Forex Market, LF Market