AP Microeconomics Week of 1/27/20

We’ll wrap up unit 4 on imperfect competition this week and have our test on Wednesday.  Here’s our unit plan for unit 4:  AP ECON UNIT 4 PLANS

MON-Grade problem sets in class

Go over market structure graphs

Review practice multiple choice and FRQs

TUE-Grade problem sets in class

Go over market structure graphs

Review practice multiple choice and FRQs

WED-Test on Unit 4 imperfect competition

THUR-Notes on the marginal revenue product of labor

Practice calculating MRP for workers and determining how many workers the firm should hire at a particular wage

FRI-Notes on the marginal revenue product of labor

Practice calculating MRP for workers and determining how many workers the firm should hire at a particular wage

 

Honors Economics Week of 1/27/20

This week we are finishing up the microeconomics unit which includes supply and demand, business organizations, and market structures.  See the microeconomics section of the standards link below for what to focus on.

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

MON-Practice equilibrium on whiteboards

Quiz on equilibrium

Notes on elasticity of demand and supply

Practice calculating elasticity of demand and classifying the answers

TUE-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

WED-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

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

View advertisements from companies in oligopolies and monopolistic competition

THUR-Quiz on market structures

Notes and practice problems on the circular flow model and product and factor markets

Clips from Shark Tank on different businesses and how they trey to raise money and grow their company

FRI-Touchstone quiz on microeconomics

Go over Touchstone quiz

Review for test on Monday over microeconomics

 

AP Microeconomics Week of 1/20/20

MON-No school; MLK Holiday

TUE-Continue notes on oligopoly

Practice game theory FRQs on oligopoly

WED-Continue notes on oligopoly

Practice game theory FRQs on oligopoly

THUR-Quiz on oligopoly

Graphic organizer comparing the market structures

FRI-Quiz on oligopoly

Graphic organizer comparing the market structures

 

*Unit 4 problem sets due Mon/Tue of next week; test next Wednesday

Honors Economics Week of 1/20/19

MON-No school; MLK Holiday

TUE-Quiz on demand

Notes on supply

Worksheet on plotting and analyzing supply curves

WED-Quiz on supply

Market in wheat activity

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

Worksheet on plotting and analyzing supply and demand curves

THUR-Practice equilibrium on whiteboards

Quiz on equilibrium

Notes on elasticity of demand and supply

Practice calculating elasticity of demand and classifying the answers

FRI-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

 

AP Microeconomics Week of 1/13/20

We’ll continue in unit 4 on monopoly, monopolistic competition, and oligopoly this week.  See the unit plan below.

AP ECON UNIT 4 PLANS

MON-Continue notes on monopolistic competition

Draw monopolistic competition graphs

Practice FRQs

TUE-Continue notes on monopolistic competition

Draw monopolistic competition graphs

Practice FRQs

WED-Quiz on monopolistic competition

Notes on characteristics of oligopoly

Introduce game theory and dominant strategies for oligopoly

THUR-Quiz on monopolistic competition

Notes on characteristics of oligopoly

Introduce game theory and dominant strategies for oligopoly

FRI-Continue solving game theory scenarios for oligopolies

 

*Quiz next Tue/Wed on oligopoly

Honors Economics Week of 1/13/20

This week we’ll finish unit 1 on fundamentals and have our test.  Make sure you’ve read Chapters 2 and 6 from Naked Economics by Thursday as well.  The standards on fundamentals can be found in the document below.

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

MON-Continue notes on private, public, and common goods

Video clips on private and public solutions to traffic congestion and on government regulation and licensing

Handout on government regulatory agencies and notes on government regulation and deregulation

Get Unit 1 problem set; due on Wednesday

TUE-Quiz on goods and government regulatory agencies

Notes on externalities and government attempts to fix them and income inequality and strategies to reduce it

Video clips on externalities and inequality

WED-Unit 1 problem set due; grade in class

Video clips on greed and its influence on the economy

Review for test

THUR-Test #1 on Economic Fundamentals

Article reading with questions on prescription drug prices

FRI-Notes on money and circular flow

Circular flow simulation

 

*Quiz next Tuesday on money and the circular flow

AP Microeconomics Week of 1/6/2020

*All make up work quizzes/tests from 1st semester must be completed by Friday, January 17.  See me for times to get this done.

*Unit 4 test will be the week of Jan. 20.

Here is our unit 4 plan with standards and assignments.  AP ECON UNIT 4 PLANS

MON-Review monopoly quizzes

Practice identifying key measures from a monopoly graph

Notes on price discrimination, natural monopoly, and regulation

TUE-Review monopoly quizzes

Practice identifying key measures from a monopoly graph

Notes on price discrimination, natural monopoly, and regulation

WED-Quiz on monopoly

Notes on monopolistic competition

Practice drawing monopolistic competition graphs

THUR-Quiz on monopoly

Notes on monopolistic competition

Practice drawing monopolistic competition graphs

FRI-Complete notes and graphs on monopolistic competition

 

*Quiz next Mon/Tue on monopolistic competition

Honors Economics Week of 1/6/2020

This first unit we will be working on economic fundamentals.  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

You should also make sure you have a copy of the Naked Economics book.  Read Chapters 2 and 6 and take notes on them and you will study these along with your other unit 1 materials for the first test.  There will be a handful of questions from the book on the first unit test.

MON-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

Activity on resource allocation

TUE-Quiz over introductory economic concepts

Notes on economic goals and economic systems

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

WED-Continue motes 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

THUR-Quiz on economic systems

Activity to simulate production possibilities

Notes on the PPC graph and a video clip

Guided practice on the PPC

FRI-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

 

Monday we will have a quiz over the types of goods and government regulation.