Inflation and Fish Frys
An interesting and fun article about the costs of inflation on an Easter-time tradition; the fish fry
Mr. J. Daniel Rundberg: AP Macro, AP Micro, AP Euro
Welcome to AP Macro, AP Micro, and/or AP European History! I'm happy to have you in class!
- Where can I find information and course documents for one of Mr. Rundberg's classes?
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- Click on the specific course in the menu to the right
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- Where can I find out about Assignments, Assessments, and what we are doing in class?
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- Each course has an "Assignment Calendar" Tab in the menu to the right
- Click the one for your course
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- What If I need Extra Help on Class Material or an Assignment?
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- Come see Mr. Rundberg before, after, or during school if possible
- Email Mr. Rundberg with a question or set up an appointment
- Look at some the extra resources Mr. Rundberg set's up
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Skyward is the primary way that I communicate grades. Students and Parents should regularly check Skyward and take note of any feedback / comments I leave on student work.
- Individual assignments may have specific feedback from me either written on the assignment, or in the TEAMS or AP Classroom sections for instructor comment for assignments submitted there
What do the Missing, Incomplete, or "No Submission" markers on Skyward mean?
- Assignment is marked as "Missing"
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- Student missed the assignment due to an absence and has not yet submitted the assignment to Mr. Rundberg, it must be made up A.S.A.P!
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- Assignment is marked as "Incomplete"
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- Student must take additional action for the assignment to be scored
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- Assignment is graded Zero and "No Submission" is written in the comment
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- I did not receive the assignment from the student, too many of these and I will reach out to parents!
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Connecting Economics Classes to the Real-World
- I post news links, articles, and other materials that deal with material we discuss in class under the "Posts" tab on the menu to the right. Check them out and see how what we learn in class relates to the real-world economy!
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- Also visible below this section on this page!
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- Students interested in seeing the connections between class and the real-world can also check out quality sources such as...
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- NPR's All Things Considered - a news program that frequently addresses economic issues
- NPR's Planet Money podcast - deals with economic issues small and large
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Posts
Labor Shortage in Trucking
An interesting look into the life of individuals at the front-line of the Supply Chain issue.
If the economy is growing, why don't I see it?
A look by the NYT about how despite the economic growth that is occurring, most Americans feel uncertain about the economic future. Does feature some conversation about inflation, real/nominal GDP, and consumer confidence.
Persistent Inflation and the Consumer Price Index
We talk about the Consumer Price Index in Macro. Representing a broad swath of goods the consumers purchase, an increase in it means that consumers are facing higher prices for goods and services. If that happens, people pay more for the same goods and the dollar doesn't go as far as it once did (inflation).
"The Great Resignation" and the Ongoing Labor shortage
Here is a great article by the New York Times that covers a lot of ground from inflation and rising prices, to the labor shortage, to current labor economics. A very interesting and worthwhile read that covers several topics we discuss in Macroeconomics.
Example of Long-Term Corrections in the Real World
Here is a good example of how workers/wages correct in the long-term to a higher price level.
Rising Inflation and How That Affects Us
What is the FED doing to combat inflation?
Notice that price levels are increasing? You're not alone. Here is an NPR article on what the FED is doing to adjust monetary policy to combat inflation.
Why isn't the economy getting better?
Here is a solid look at some of the problems that are keeping the economy below the pre-pandemic levels of output and employment from NPR. The article illustrates the interconnected nature of many of the problems we face.
If you are interested in seeing how our material connects to the real-world scenarios, please look at the 'Posts' tab and read some of the articles.