AP Microeconomics Week of 8/19/19

*Make sure you have signed up for the AP Classroom using the join code shared in class.  We will do assignments on there starting this week.

MON-Notes on marginal utility and the law of diminishing marginal utility

Practice problems calculating the utility-maximizing combination in purchasing goods

Receive Unit 1 problem set-due on Friday for both classes

TUE-Notes on marginal utility and the law of diminishing marginal utility

Practice problems calculating the utility-maximizing combination in purchasing goods

WED-Continue practice problems on utility and marginal analysis

Quiz on utility maximization

Unit 1 progress check on AP Classroom will open at end of 3rd period–both are due by the start of the school day on Friday

THUR-Continue practice problems on utility and marginal analysis

Quiz on utility maximization

FRI-Problem sets are due; grade in class

Unit 1 Test on Monday 8/26

Honors Economics Week of 8/19/19

MON-Quiz on supply

Notes on equilibrium

Sheet to plot supply and demand curves and analyze shifts

Video clips on changes in prices and quantities

TUE-Practice equilibrium on whiteboards

Quiz on equilibrium

Notes on elasticity of demand and supply

Practice calculating elasticity of demand and classifying the answers

WED-Quiz on elasticity

Graphic organizer on comparing the business organizations:  sole proprietorships, partnerships, and corporations

Video clip on the start of Apple Computer and its move to being a corporation

Analyze stocks of publicly traded corporations

THUR-Quiz on business organizations

Graphic organizer on comparing the market structures:  perfect competition, monopolistic competition, oligopoly, and monopoly

Video clip on antitrust case against Microsoft in the 1990s

FRI-Continue analyzing the 4 market structures

Video on the maple syrup federation in Canada and its cartel-like status

View advertisements from companies in oligopolies and monopolistic competition

AP Microeconomics Week of 8/12/19

MON-Review the production possibilities curve

Quiz on the PPC

Sheet to calculate absolute and comparative advantage in international trade

Practice different formats for calculating absolute and comparative advantage

TUE-Review the production possibilities curve

Quiz on the PPC

Sheet to calculate absolute and comparative advantage in international trade

Practice different formats for calculating absolute and comparative advantage

WED-Continue practice on absolute and comparative advantage in trade

Work previous FRQs for practice

THUR-Continue practice on absolute and comparative advantage in trade

Work previous FRQs for practice

FRI-Quiz on absolute and comparative advantage

Honors Economics Week of 8/12/19

MON-Unit 1 Touchstone Quiz

Grade Unit 1 problem sets in class

Review for test

TUE-Unit #1 Test

Circular flow model of money and goods/services through the economy diagram

WED-Economics pre-test

Quiz on the circular flow

Notes on demand

Worksheet on plotting and analyzing demand curves

THUR-Quiz on demand

Notes on supply

Worksheet on plotting and analyzing supply curves

FRI-Quiz on supply

Notes on equilibrium of supply and demand and the impact of shifts

Worksheet on plotting and analyzing supply and demand curves

AP Microeconomics Week of 8/5/19

MON-Continue notes on economic fundamentals and marginal analysis

Video clips on marginal benefit and marginal cost of actions

Notes on economic systems such as traditional, command, market, and mixed  economies

TUE-Continue notes on economic fundamentals and marginal analysis

Video clips on marginal benefit and marginal cost of actions

Notes on economic systems such as traditional, command, market, and mixed  economies

WED-Quiz on economic fundamentals such as scarcity, opportunity cost, factors of production, marginal analysis economic questions, resource allocation, and economic systems

Activity to illustrate production possibilities curves

Notes and video clip on production possibilities curves

Guided practice sheet on PPCs

THUR-Quiz on economic fundamentals such as scarcity, opportunity cost, factors of production, marginal analysis, economic questions, resource allocation, and economic systems

Activity to illustrate production possibilities curves

Notes and video clip on production possibilities curves

Guided practice sheet on PPCs

FRI-Quiz on production possibilities curves

Video on college expenses

Worksheet to apply the concepts of opportunity cost

Honors Economics Week of 8/5/19

MON-Quiz on introduction to economics

Notes on economic systems and economic goals

Graphic organizer comparing the economic systems on different criteria such as consumer sovereignty, private property, etc.

Compare and contrast different strategies for allocating scarce resources

TUE-Quiz on economic systems

Activity to simulate production possibilities

Notes on the PPC graph and a video clip

Guided practice on the PPC

WED-Quiz on the production possibilities curve

Graphic organizer to compare private, public, common, and natural monopoly goods

Notes on the role of government in the economy and the regulatory agencies

THUR-Quiz on the role of government in the economy

Video clip on government regulation of Microsoft in the 1990s

FRI-John Stossel Goes to Washington video on the role of government

Article with questions on the government safety net

Unit 1 Problem Sets are due on Monday

Unit 1 Touchstone Quiz on Monday

Unit 1 Test on Tuesday

AP Microeconomics Week of 7/29/19

While you can always find our unit plans under the AP Microeconomics Documents tab at the top of the blog, our unit 1 plan is below.  It is a comprehensive guide to what we’ll be learning and all the assignments that we’ll be doing in the unit.

AP ECON UNIT 1 PLANS

THUR-We’ll have 45 min. of AP Economics and AP Government on the first day; start with the teacher on your schedule

We’ll cover the syllabus, introduce the course, and set expectations

Econ trivia activity

FRI-We will do 45 min. of AP Economics and AP Government again on Friday; this is how we do Fridays on a normal 5 day week; Next Mon-Thur we will start our full classes

Lecture on the basics of economics, factors of production, marginal benefit and cost, and the circular flow model

Circular flow model worksheet and applications

 

Honors Economics Week of 7/29/19

This first unit we will be working in the fundamentals unit.  Follow the link below to the standards.  You can preview what we’ll be learning and can also practice going over what we learn in class using them as a guide.

https://www.georgiastandards.org/Georgia-Standards/Documents/Social-Studies-Economics-Georgia-Standards.pdf

THUR-Go over syllabus, introduce class

Notes over introductory economic concepts:  scarcity, factors of production, motivations for entrepreneurs, opportunity cost, rational decision making, marginal benefit and marginal cost, incentives, specialization, and voluntary exchange

Video clips to emphasize basic economic concepts

FRI-Quiz over introductory economic concepts from Wednesday

Notes on economic goals and economic systems

Video clips and charts/graphs/maps on economic freedom by country