Inflation, Interest Rates and Quantitative Easing

7 06 2011


Final Test

7 06 2011

This test will be a bit different from the previous tests.

Things that remain the same:

  • Open book
  • Sentence correction questions

Things that are different:

  • Shorter written answer questions that will not be provided in advance.  Each question out of 4 marks. There will be choice.
  • One other question, provided below, that everyone must answer.

Question:   Interest rates are at historical lows, governments around the world introduced large stimulus spending in late 2008 and early 2009, why is the global economy still so weak?

Marking Key

Marking Scheme


Insufficient Evidence

Limited Evidence

Some Evidence

Considerable Evidence

High Degree of Evidence

2) Does the answer use appropriate models, graphs and examples to support arguments? (AP)






3) Is the answer well-reasoned? Does it consider multiple perspectives and all available evidence? (TI)






Money and Monetary Policy

7 06 2011

How Monetary Policy Works

A little Daily Show to start off…

Quantitative Easing

Two Views on Quantitative Easing

Drawbacks of Fiscal Policy and Introduction to Money

6 06 2011

A little more Daily Show to finish off the unit…

Role of Government


Government Deficits and Debt

30 05 2011

Focus on Ontario

Focus on Federal Budget

If we have time for it…

First, some more on stimulus spending… (overdosing on Krugman)

Ontario Budget 2006 t0 2009

Federal Budget

Where does the money come from?

How much can the U.S. government borrow?

The Global Debt Clock

Two sides of the U.S. Debt Debate

Can you fix the U.S. Budget?

Fiscal Policy Specifics…

26 05 2011

From the Daily Show and the Colbert Report

Interventions in the Business Cycle – Overview

24 05 2011

First… the output gap in the U.S.

Some statistics