Unit 5 (Monetary Policy)

 Phillips Curve---Short Run and Long Run
1.Use a Phillips Curve to illustrate tradeoffs between inflation and unemployment in the short run and the long run
2. Analyze the tradeoffs involved in various economic policy prescriptions

Powerpoint for Phillips Curve

Phillips Curve--Short and Long Run

Uploaded by Gene on WizIQ Tutorials

View Videos on Phillips Curve.  Worksheets that accompanies the videos

Video SHORT RUN PHILLIPS CURVE
Video LONG RUN PHILLIPS CURVE

Online Tutorials
Phillips Curve

 Online Interactives
Phillips Curve Interactive
Phillips Curve Interactive #2
Phillips Curve Interaction with AD/AS Model

Supplemental Readings on the Phillips Curve

■Facts and the Phillips Curve: new evidence of the short-run trade-off between unemployment and inflation

■The Federal Reserve and the tradeoff between unemployment and inflation

■Politics, priorities, and the Phillips Curve

MONETARY POLICY

Introduction to Monetary Policy

1. Define and explain the functions of money
2. Explain what determines the value of money
3. Define and contrast the definitions of M1, M2, and M3
4. Describe the organizational structure of the Federal Reserve System
5. Write and explain the Equation of Exchange (PQ=MV)

Overview of the Federal Rerves and the Federal Reserve System

Powerpoint for Monetary Policy 

Monetary Policy #1

Homework

Online Tutorial
Why is there money?
What is the Function of Money?
Money Stock vs Money Flow
Quantity Theory of Money
Velocity of Money

Online Interactives
"Recollections of Pine Gulch"

FRACTIONAL BANKING SYSTEM
1. Define and compare Required Reserves and Excess Reserves
2. Explain how the banking system creates money
3. Calculate the Money Multiplier and money growth possible from a given value of Excess Reserves

Powerpoint for Fractional Banking System

Fractional Banking System

Uploaded by Gene on WizIQ Tutorials

View video for Fractional Banking System

Homework

Online Tutorials
Quantity Theory of Money
Velocity of Money

Online Interactives


The 3 Tools of Monetary Policy
1. Define and explain Open Market Operations
2. Explain how Open Market Operations, the Discount Rate, and the Reserve Requirement are used to expand or contract the money supply
3. Evaluate the effectiveness of the three main tools of Monetary Policy
Powerpoint for Money Market Graph

Graph the Money Market---AP Macroeconomics

View these 2 videos on the Money Market Graph and the 3 Tools of Monetary Policy. 
Complete this worksheet that accompanies the videos  #1 and #2

Homework
Complete this worksheet that accompanies the videos #1 and #2

Online Tutorials
3 Tools of Monetary Policy
Money Market Graph

Online Interactives
Money Market Graph interactive
Fed Policy changes with graphs interactive

ONLINE QUIZZES FOR MONETARY POLICY
Quiz #1
Quiz #2