G11 - Week 23 - Day 1

In-class work

1. In-class assessment review
1. Command terms? (p. 96-97)
2. Definitions?
3. Theory?
4. Diagram?
5. Example?
6. Evaluation?
1. Conclusion?
2. Long and short-term effects?
3. Assumptions?
4. Stakeholders? - consumers, producers, government, taxpayers
5. Priorities?
6. Pros and cons?
2. Fiscal policy
1. Introduction to Fiscal Policy - Expansionary vs. Contractionary Policies
2. Fiscal Policy: The Relationships between Budget Deficits, Surplus and National Debt
1. Exercise 1 (p. 369)
3. Automatic Stabilizers in Fiscal Policy
1. Exercise 2 (p. 375)
4. Fiscal Policy - The Government Spending Multiplier
5. Fiscal Policy - the Tax Multiplier
1. Exercise 3-5 HL Only (p. 378)
6. Fiscal Policy: Introduction to Bond Markets and Interest Rate Determination
7. Evaluating Fiscal Policy - the Crowding-out Effect - part 1
8. Evaluating Fiscal Policy - the Crowding-out Effect part 2
9. Evaluating Fiscal Policy: Budget Deficits, National Debt and Interest Rates

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