MODULE 23: DEFINITION AND MEASUREMENT OF MONEY
The purpose of this module is to clarify what economists mean when they use the term money. A clear
definition and measurement of money allows us to better understand monetary policy.
Key Economic Concepts Fo
05.04 Trade AnalysisTemplate
Name- Erin McGowan
1.
Instructor- Mr. Reid
Use the chart in the lesson to identify one developing country and one developed country to compare to
the United States. Use the tables below to record data for each country. Then re
4.05 UNCLE SAM'S TOOLBOX-HONORS
SOCIAL SECURITY AND ITS HISTORY
During the 1830's the great depression was happening, so Franklin D. Roosevelt came up with a
solution. This program was created to be an "social insurance", it would collect taxes from all
w
2.03 Tax Debate Worksheet
Your name: Erin McGowan
STEP 1: Career Name: Computer Programmer Yearly Income: $70,000
Enter your career choice and income from the career generator tool found on page 5 of 5 in section 2.03.
Flat Tax
Some Americans are supporti
01.03 Create a T-Chart
Use the T-chart below to help you organize information and identify costs and benefits. At the top of
your chart, state your dilemma in the form of a question. You should have a minimum of three costs and
three benefits listed. Iden
3.03 Honors Entrepreneur Interview
Student Name: Erin McGowan
Interviewee Name: Daniel Goodwald
Position/Company Name: Co-Owner/Twin Diesel Performance
Contact information: (813)478-0981
1.
What goods and or services does your company offer?
My company fi
Introduction to Rates of Change
Last class, we defined the derivative as the slope of a tangent line. Today we'll see how to interpret the derivative as a rate of change, clarify the idea of a limit, and use this notion of limit to describe continuity a p
18.01 Final Answers
1. (1a) By the product rule,
(x3 ex ) = 3x2 ex + x3 ex = ex (3x2 + x3 ).
(1b) If f (x) = sin(2x), then
f (7) (x) = 128 cos(2x)
since:
f (1) (x) = 2 cos(2x)
f (2) (x) = 4 sin(2x)
f (3) (x) = 8 cos(2x)
f (4) (x) = 16 sin(2x)
f (5) (x) =
Notations
Calculus, rather like English or any other language, was developed by several
people. As a result, just as there are many ways to express the same thing,
there are many notations for the derivative.
Since y = f (x), its natural to write
y = f =
1. Compute the following derivatives:
(a) f (x) where f (x) = x3 ex
(b) f (7) (x), the seventh derivative of f , where f (x) = sin(2x)
2. (a) Find the tangent line to y = 3x2 5x + 2 at x = 2. Express your answer in
the form y = mx + b with slope m and y
1. Compute the following integral:
4
t ln t dt
1
We apply integration by parts:
v = 2 /2
t3
3
dv = t dt
u = ln t
du = 1 dt
t
Then:
4
4 4
2 3/2
2 3/2 1
t ln t
t t dt
3
13
1
t1/2
4
2 3/2
4
=
t ln t t3/2
3
9
1
16
4 3/2
=
ln 4 (4 1)
3
9
16
28
=
ln 4
3
9
t l
1. Compute the following derivatives. (Simplify your answers when possible.)
(a) f (x) where f (x) =
f (x) =
x
1 x2
1(1 x2 ) (x)(2x)
1 x2 + 2x2
1 + x2
=
=
(1 x2 )2
(1 x2 )2
(1 x2 )2
(b) f (x) where f (x) = ln(cos x)
12
sin (x)
2
1
1
( sin x) 2 sin x cos
1. Compute the following integral:
4
t ln t dt
1
2. Compute the following integral:
0 /4
tan4 sec6 d
3. Compute the following integral: 10
dx (x - 1)(x2 + 9)
4. Compute the following integral: 1
dx (5 - 4x - x2 )5/2
5. (a) Set up (but do not solve)
Levi Strauss
Levi Strauss, the inventor of the blue jeans we know today. Levi was born as Lb Strau on
February 26th, 1829 in Bavaria Germany. At the age of 16 Levi became an orphan, with nowhere to go he
moved with his Brothers and Sisters. They lived in
05.05 Evaluating Trade Issues
Your Name: Erin McGowan
Instructor: Mr. Reid
Now that you are familiar with trade barriers and the reasons they may or may not be used, it is time to
evaluate a trade issue for yourself. You will read and analyze two images r
4.05 UNCLE SAM'S
TOOLBOX-HONORS
BY: ERIN MCGOWAN
SOCIAL SECURITYAND ITS HISTORY
During the 1830's the great depression was happening, so Franklin D.
Roosevelt came up with a solution. This program was created to be an "social
insurance", it would collect
MODULE 18: AGGREGATE SUPPLY: INTRODUCTION AND
DETERMINANTS
The purpose of this module is to introduce the other half of the macroeconomic model: aggregate supply.
The model of AD/AS incorporates a distinction between the short-run AS curve that is upward
MODULE 22: SAVING, INVESTMENT, AND THE FINANCIAL
SYSTEM
The purpose of this module is to introduce the financial system and the key roles that saving and
investment play. This module also begins to prepare students to learn about the Federal Reserve and
m
MODULE 27: THE FEDERAL RESERVE SYSTEM: MONETARY
POLICY
The purpose of this module is to introduce the ways in which the Fed conducts monetary policy. The
module does this by describing the monetary policy at the Feds disposal and paves the way for the
imp
MODULE 25: BANKING AND MONEY CREATION
The purpose of this module is to demonstrate that banks, simply by facilitating saving and borrowing, can
affect the supply of money in the economy. The way deposits lead to money creation is a key to
understanding ho
MODULE 29: THE MARKET FOR LOANABLE FUNDS
The purpose of this module is to develop a model that shows how the real interest rate is determined.
The market for loanable funds is predicated on the interaction of savers who supply funds to earn interest
incom
MODULE 24: THE TIME VALUE OF MONEY
The purpose of this module is to introduce students to the time value of money. This is important because
investments usually require money to be paid in the present, but the firm will not receive earnings from
the inves
MODULE 26: THE FEDERAL RESERVE SYSTEM
HISTORY
AND STRUCTURE
The purpose of this module is to provide a background of the Federal Reserve
System. A broad overview
of the history and structure of the Fed will provide some context for the upcoming
discussio
MODULE 28: THE MONEY MARKET
The purpose of this module is to introduce the money market. This money market, and the liquidity
preference model, is the foundation for understanding how the Feds monetary policy affects interest
rates. The money market is si
AP Economics
Mr. Bernstein
Module 24:
The Time Value of Money
February 2017
AP Economics
Mr. Bernstein
The Time Value of Money
Objectives - Understand each of the following:
Whyadollartodayisworthmorethanadollara
yearfromnow
Howtheconceptofpresentvalue
4.02 Should the Government
Control the economy
By: Erin McGowan
If and when the minimum wage is
increased the equilibrium wage will rise.
Anything above this new equilibrium
pay will become a surplus but anything
below this will become a shortage.
The Is
3-2-1 Graphic Organizer
3 things you did not know before this module
1.
2.
3.
Supply and Demand
Scarcity
Equilibrium price
2 things learned in this module
1.
2.
I learned about opportunity cost.
I also learned about the Four Functions of money.
1 question
3.05 Marginal Cost Analysis
Name: Erin McGowan
Step One: Launch the data generator to get started (or use the numbers given below).
Complete the data table before continuing to step two.
Go to the lesson and generate your data. Click on Generate My Data,
Do We Need the Quotient Rule?
The quotient rule can be difficult to memorize, and some students are more comfortable with negative exponents than they are with fractions. In this exer cise we learn how we can use the chain and product rules together in pl
1. Compute the following derivatives. (Simplify your answers when possible.)
(a) f (x) where f (x) =
x
1 x2
(b) f (x) where f (x) = ln(cos x)
1
2
sin (x)
2
(c) f (5) (x), the fth derivative of f , where f (x) = xex
2. Find the equation of the tangent li