Econ Unit 7

Econ Unit 7
Financial Institutions
Unit 7 Scales
• Money and Banking
• Functions of Money
• Characteristics of Money
• Composition of Money
Government and the Economy
• Taxes and Government Spending
• Direct and Indirect Taxes
• Progressive, Proportional, Regressive Taxes
• Fiscal Policy
• Government Spending
• Tax Policies
• The Federal Budget and Deficits
• Deficit Spending
• National Debt
• Entitlements
• Social Security
• Monetary Policy
• Discount Rate
• Reserve Requirement
• Open Market Operations
• Organization and Function of the Federal Reserve System
• Public Policy Analysis
• Economic Philosophers
• Adam Smith
• Karl Marx
• Thomas Malthus
• John Maynard Keynes
• Milton Friedman

Class Notes
AD/AS

ISA #7-12
10.1 p.265 4&8
10.2 p.275 2&5-6
Boeing p.276 1-2
10.3 p.283 2
14.1 p.368 3
14.2 p.397 3,5,7
Ben Bernanke p.398 1-2
14.3 p.407 4-8
15.1 p.417 2,3,5-7
John Maynard Keynes p.428 1-2
15.3 p.433 3-4&7
Best Buy p.434 1-2

ESSAY ASSIGNMENT and RUBRIC (this must be attached to your essay)

Review Videos
What is Money?
Creating Money
The Fed
Monetary Policy
AS/AD
AS/AD
Fiscal Policy
Russel Roberts Video Keynes v. Hayek
Keynes v. Hayek rd 2
Crowding Out and Lags

Deficit/Debt Video (PBS Frontline)

Benchmark review sheet
Benchmark Review Sheet