Unit 3: National Income and Price Determination
Duration of Days: 30
The meaning and components of aggregate demand (AD) and aggregate supply (AS)
Determinants that shift AD and AS
Differences between short-run and long-run macroeconomic equilibrium
Keynesian, Classical, and New Classical perspectives
The concept of economic fluctuations and self-correction
Construct and interpret AD-AS graphs
Analyze macroeconomic shocks and policy impacts
Compare competing economic theories using evidence
Apply models to predict changes in output and price level
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Unit exam (multiple-choice and constructed response)
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AD-AS graphical analysis performance task
| Lesson # | Lesson Title | Duration of Days |
|---|---|---|
| 1 | Aggregate Demand (AD) | 5 |
| 2 | The Multiplier Effect & Crowding Out | 3 |
| 3 | Aggregate Supply (Short-Run & Long-Run) | 5 |
| 4 | Macroeconomic Equilibrium | 6 |
| 5 | Competing Macroeconomic Theories | 5 |
| 6 | Economic Fluctuations & Review | 6 |