Time for another post to the illustrious St. Bernard AP Econ blog. I'm happy to say that your fourth and final semester 'midterm' has been written. It has three questions for a total of 100 points (42 pts, 32 pts, and 28 pts). You will have to know how different economic events impact the AD-AS curve, and you will also have to know a bit about recessionary gaps and inflationary gaps, as well as be able to identify the different components of the aggregate expenditures model. Finally, the last question will focus on your research. So please be prepared to write about your project and about your country in general. You are the experts here, not me :)
Overall, I have been quite pleased with the progress many of you have made with your projects. I think it shows a tremendous amount of maturity and self-confidence that you have all been able to branch out and identify areas that interest You. Too often in high school education, the teacher dictates to the students exactly what the project is going to be and gives too much demeaning and overbearing requirements to fulfill the project. You deserve better than that, especially since you're going to be choosing majors within the next year or so. Giving you the freedom to this project on your own terms is my way of saying that you are ready to determine your own destiny. That's not to say that I won't push you to do your best, of course I will. That is my responsibility. But I sincerely hope that this project enables you to broaden your understanding of the global economy and of the specific aspect that you are focusing on. Tomorrow I will bring an example of what a graduate-level research proposal looks like, for your reference.
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