Government and the Economy:

Taxes, Budget, Fiscal Policy, Monetary Policy, The Fed

AP Government
Unit 6 Reading Guide AP Gov Text Chapter 13, Econ Book Ch 14, 15, 16

Use this to guide your reading through the unit. It is strongly recommended that you take
notes, as they will assist you for quizzes and tests.

Objectives:
Chapter 13 Overlaps with Econ Book Chapter 14
13.1 Describe the sources of funding for the federal government and assess the consequences of tax expenditures and borrowing.
13.2 Analyze federal expenditures and the growth of the budget.
13.3 Outline the budgetary process and explain the role politics play.
13.4 Assess the impact of democratic politics on budgetary growth and of the scope of government.
14.1 Describe tax bases and tax structures
14.2 Explain the basic characteristics of corporate income taxes, the purposes of Social Security, Medicare, and unemployment taxes.
14.3 Distinguish the differences between mandatory and discretionary spending and analyze the impact these types of expenditures have on the budget.
Chapter 15
15.1a Describe how the government uses fiscal policy as a tool for achieving its economic goals.
15.1b Analyze the impacts of fiscal policy and explain its limitations.
15.2 Compare and contrast Keynesian economic theory and supply-side economic theory as they relate to fiscal policy.
15.3 Analyze how deficit spending adds to the debt and summarize problems caused by rising debts and the options to reduce the debt.
Chapter 16
16.1 Explain the role of the Federal Reserve system and evaluate how the fed serves the government, banks, and regulates banking system.
16.2 Understand the Federal Reserve banks role in regulating the money supply and how this plays a role in monetary policy.
16.3 Explain how the Federal Reserve uses reserve requirements, interest rates, and open market operations to implement U.S. monetary policy.

Read AP Gov Book Chapter 13 and Econ Book Chapter 14 Sections 1,2,3 over the break.
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
2/19 2/20 2/21 2/22 2/23 2/24 2/25
NO SCHOOL PRESIDENTS WEEK BREAK
2/26 2/27 2/28 3/1 3/2 3/3 3/4
14.1/13.1 14.2/13.1 14.3/13.2 14.3/13.2 13.3
Unit 6 Vocab
Quiz Opens
3/5 3/6 3/7 3/8 3/9 3/10 3/11
15.1a 15.1b + 15.2 15.3 15.3 Unit 6 FRQ
Unit 6 Quiz #1 Unit 6 Quiz #1
Opens Closes
3/12 3/13 3/15 3/14 3/17 3/18 3/16
16.1 16.3 16.2 Unit 6 Exam 16.3
Unit 6 Vocab
Quiz Closes
*STUDENTS ARE RESPONSIBLE FOR ALL INFORMATION PRESENTED IN CLASS, READINGS, NOTES, AND HOMEWORK