Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
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Unit 4:  Financial Sector

• Topic 4.1   Financial Assets
• Topic 4.2   Nominal v. Real Interest Rates
• Topic 4.3   Definition, Measurement, & Functions of Money
• Topic 4.4   The History of Banking and the Expansion of the Money Supply
• Topic 4.5   The History of the Money Market and Money Market Graph
• Topic 4.6   The Current Monetary Policy (2008 - Present)
• Topic 4.7   The Loanable Funds Market
(17% – 27% of the exam)
10 - 12 class periods
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Unit 4
Financial Sector
Week 10
Below are lessons for Unit 4: Topics 4.7 aligned to the AP® Macroeconomics CED.
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.

These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.

Link to the  
AP®  Macroeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 4:  Financial Sector.
Principles of Macroeconomics
Topic 4.6  REVIEW The Loanable Funds Market
News Article -- The Money Boom is Already Here (February 2021)
2023 FRQ #1, Set 2 Scoring Guidelines (rubric)
2023 FRQ #1, Set 2 (ASAD Graph and Ample Reserves Question)
News Article -- Easy-Money Policy (February 2021)
Day 1:  Week 10
TEST Your Knowledge
Topic 4.6  REVIEW:  The Current Monetary Policy (Ample Reserves Regime)
News Articles on Monetary Policy:
Topic 4.7  The Loanable Funds Market, Part I
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Day 2:  Week 10
TEST YOUR KNOWLEDGE
Day 4:  Week 10
eTextbook Reading:
eVideos -- Short Videos:
eWorkbook Activities Interactive:
Loanable Funds Questions, II (What is inside the CED? 14 points)
Loanable Funds Graph Definitions and Terms
Loanable Funds and ASAD Side-by-Side Graphs
Money Market and Loanable Funds Market (40 Multiple Choice Questions)
Loanable Funds Graphs (3 graphs -- two drawing graphs and one moveable/drawing graph)
Loanable Funds eTextbook (Enlarge Graphs inside of eTextbook)
Loanable Funds Questions, I
Reffonomics Baseball Rules
Reffonomics Baseball Loanable Funds and ASAD
Crowding Out and Crowding In Effects
Demand of Loanable Funds
Supply of Loanable Funds
Loanable Funds Market Graph (x and y axes)
Day 3:  Week 10
Topic 4.6  REVIEW The Loanable Funds Market
TEST YOUR KNOWLEDGE
Day 5:  Week 10
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2007B FRQ #2 Scoring Guidelines (rubric)
2007B FRQ #2 (Tax Credit on Investment, Tax is Lowered on Savings, Draw LF Graph)
2014 FRQ #1 Scoring Guidelines (rubric)
2014 FRQ #1 (ASAD Graph, LF Graph, MPC, MPC, Cyclical Unemployment, GS, T)
SHORT FRQs
LONG FRQs
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Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
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