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

Steven Reff's Resume
Unit 6:  Open Economy -- International Trade & Finance

• Topic 6.1   Balance of Payments Account
• Topic 6.2   Exchange Rates
• Topic 6.3   The Foreign Exchange Market
• Topic 6.4   Effect of Changes in Policies and Economic Conditions
                       on the Foreign Exchange Market (FX Market)
• Topic 6.5   Changes in the FX Market and Net Exports
• Topic 6.6   Real Interest Rates & International Capital Flows
(10% – 13% of the exam)
5 - 7 class periods
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Week 15
Below are lessons for Unit 6: Topics 6.1 - 6.6 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 6:  Open Economy -- International
Trade & Finance.
Principles of Macroeconomics
Topic 6.1 - 6.6  REVIEW
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Days 1 - 5:  Week 15
Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
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Unit 6
Open Economy -- International Trade & Finance
2012 FRQ #1 Scoring Guidelines (rubric)
2012 FRQ #1 (Current Account Deficit, Exchange Rates)
2021 FRQ, Set 1, #1 (Exchange Rates)
2021 FRQ #1 Scoring Guidelines (rubric)
2019 FRQ, Set 1, #1 (ASAD, Money Market, Exchange Rates)
2019 FRQ, Set 1, #1 Scoring Guidelines (rubric)
2017 FRQ, #1 (Phillips Curve, ASAD, Exchange Rates)
2017 FRQ #1 Scoring Guidelines (rubric)
2016 FRQ, #1 (Phillips Curve, OMO, Exchange Rates)
2016 FRQ, #1 Scoring Guidelines (rubric)
2018 FRQ #1 (ASAD, Money Market, Exchange Rates)
2018 FRQ #1 Scoring Guidelines (rubric)
2007 FRQ #1 (Money Market, Exchange Rates)
2007 FRQ #1 Scoring Guidelines (rubric)
2013 FRQ #1 (ASAD, Loanable Funds, Current Account, Exchange Rates)
2013 FRQ #1 Scoring Guidelines (rubric)
2008B FRQ #1 (Exchange Rates)
2008B FRQ #1 Scoring Guidelines (rubric)
2003B FRQ, #1 (ASAD, Loanable Funds, Exchange Rates)
2003B FRQ, #1 Scoring Guidelines (rubric)
2006 FRQ #1 (ASAD, Exchange Rates)
2006 FRQ #1 Scoring Guidelines (rubric)
1999 FRQ #1 ( Exchange Rates, Fiscal and Monetary Policies)
1999 FRQ #1 Scoring Guidelines (rubric)
FRQ long questions
Back in 1995, the graduating class at University High School, where I taught
AP Microeconomics and AP Macroeconomics, asked me if
I would be its keynote speaker at its commencement ceremony.
Below is the link to the 12-minute commencement address.  It was
taken in analog and transferred to digital in 2011, so please forgive
the blurriness of the video.  The words are far more important than
the videos.  At the end, stop the video, read the assignment to
your students, have them write a thank-you letter to their
parents, and most importantly, have them bring the letter home
and put it in a place the student's parent(s) will find it.  This was
my favorite lesson I think I ever game to my students.

https://
www.youtube.com/watch?v=ILuutv_YVbg&t=4s
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