| 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
• 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 9 |
Below are lessons for Unit 4: Topics 4.6 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 4: Financial Sector.
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 |
| Remember, you still have all of the resources and assessments that The College Board® provides for you and your students. |
| Day 1: Week 9 |
Topic 4.6 The Current Monetary Policy (Ample Reserves Regime)
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| Day 2: Week 9 |
| eWorkbook Activities Interactive: |
| eTextbook Reading: |
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In September 2008, Monetary Policy changed drastically moving from
limited reserves where individual commercial banks kept required
reserves and excess reserves on their bank balance sheets to
ample reserves that earn interest and are kept at the Federal Reserve.
It all started with Quantitative Easing (QE1, QE2, Operation Twist, QE3,
and QE4. Even though students don't have to know this for the exam,
you as an economic instructor should understand how the FED's
balance sheet changed during The Great Recession of 2008.
limited reserves where individual commercial banks kept required
reserves and excess reserves on their bank balance sheets to
ample reserves that earn interest and are kept at the Federal Reserve.
It all started with Quantitative Easing (QE1, QE2, Operation Twist, QE3,
and QE4. Even though students don't have to know this for the exam,
you as an economic instructor should understand how the FED's
balance sheet changed during The Great Recession of 2008.
| eTextbook Reading (optional) |
| eTextbook Reading: |
| eVideos -- Short YouTube Video |
Computer projection system lecture -- Enlarge the moveable graphs inside the
eTextbook link below as an in-class teaching tools.
eTextbook link below as an in-class teaching tools.
Topic 4.6 The Current Monetary Policy (Ample Reserves Regime)
| Day 3: Week 9 |
| eWorkbook Activities Interactive: |
Topic 4.6 The Current Monetary Policy (Ample Reserves Regime)
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| Day 4: Week 9 |
| TEST Your Knowledge |
Topic 4.6 The Current Monetary Policy (Ample Reserves Regime)
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| Day 5: Week 9 |
| REVIEW for Monday Quiz |
Topic 4.6 The Current Monetary Policy (Ample Reserves Regime)
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| Topic 4.7 The Loanable Funds Market will be shown in Week 10 |
Here is how I would teach the lesson below. I would reserve the computer lab and
break the students into four groups. Assign each group a different FOMC meeting
lesson to read from the link below and tell them they will go up in front of the class
as a group and teach what they learned. This could be a great review of what you
taught them about Ample Reserves. This lesson might even take a couple of days
to finish.
NOTE: Do NOT assign the September 19 and 20, 2023 FOMC meeting. You taught
that earlier in Day 2 of this week.
break the students into four groups. Assign each group a different FOMC meeting
lesson to read from the link below and tell them they will go up in front of the class
as a group and teach what they learned. This could be a great review of what you
taught them about Ample Reserves. This lesson might even take a couple of days
to finish.
NOTE: Do NOT assign the September 19 and 20, 2023 FOMC meeting. You taught
that earlier in Day 2 of this week.
The link below gives you a variety of methods to teach Ample Reserves.
You can use your computer projection system to teach this lesson. Enlarge Screen
You can use your computer projection system to teach this lesson. Enlarge Screen