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AP Economics
Economics
AP Econ Unit 1
Unit 1: Basic Concepts 1 week
Microeconomics
Key Topics: Scarcity, Choice, Opportunity Cost, PPF, Specialization, Basic Marginal Benefit/Marginal Cost Analysis, Fundamentals of Graphs, Incentives
Readings:  Module 1,3, Section 1 Appendix
EBE, Ch 1, 2, 16
Assignments: p.9, p.22, p.32(#1,2,4,5), p.45

Class notes



Videos

Review Videos




AP Econ Unit 2
Unit 2:  Introduction to Macro 1 week
Macroeconomics
Topics: The Business Cycle, Recessions, Unemployment, Aggregate Output, Inflation and Price Stability, Circular Flow, National Income Accounts, GDP, Basic Gov’t/Markets Relationship, The Role of Government, Comparative Economic Systems
Readings:  Module 2, 10
        EBE Ch. 26
Assignments: p.15, p.111, p.32(#6), p.150(#1,2)

Review Videos




AP Econ Unit 3
Unit 3: Introduction to Supply and Demand 2 weeks
Microeconomics/Macroeconomics
Topics: Demand, Supply
Readings:  Module 5, 6, 7
        EBE Ch. 3, 5
Assignments: p.57-58, p.70, p.75-76, p.96-96(#1-12)

Class notes


Review Videos

Practice Test




AP Econ Unit 4
Unit 4:  Measurement of Economic Performance 2 weeks
Macroeconomics
Topics:  Calculating GDP, Calculating Unemployment, Causes and Categories of Unemployment, The Calculation of Inflation, Productivity, Economic Growth
Readings: Module 11, 12, 13, 14, 15, 33, 37, 38
        EBE Ch. 21
Assignment: p.116-117, p.125, p.133, p.140, p.148, p.374-375, p.151-155((#3,6,8,11[only:4yrPubRes and 4yrPrivRes] 13-15,17,19)

Class notes

Videos




Can Economics Help You Be a Better Parent?






AP Econ Unit 5
Unit 5:  National Income, Price Determination,  2 weeks
Macroeconomics
Topics:  Income, Expenditure, Spending Multiplier, Consumption, Investment, Interest Rate, Aggregate Demand, Aggregate Supply, SRAS, LRAS, Potential Output and Full Employment,  Government Spending, Fiscal Policy, Taxing Multiplier, Economic Growth in Models
Readings: Module 16, 17, 18, 19, 20, 21, 40
Assignment: p.170-171, p.178, p.188-189, p.198, p.207-208, p.214, p. 403-404,
p.216-219((#1,3, 4, 6-11, 13-16, 21, 22, 24)

Class notes

Videos


Due upon arrival the Monday after Thanksgiving.




AP Econ Unit 6
Unit 6:  The Financial Sector 2 weeks
Macroeconomics
Topics:  Savings and Investment, Financial v. Capital Investment, M1, TVM, Banking and Money Creation, Money Multiplier, The Federal Reserve, Monetary Policy, Money Market, Loanable Funds Market
Readings: Module 22, 23, 25, 26, 27, 28, 29
Assignment: p.229, p.236, p.251-252, p.260, p.266-267, p.275-276, p.287, p.290-293(#1,2,5,6,10,11,13,14,18-20,22)

Videos






AP Econ Unit 7
Unit 7:  Stabilization Policies 1 week
Macroeconomics
Topics:  Budget Balance, Monetary Policy and Interest Rates, The Phillips Curve (SR,LR), Macroeconomic Views Over Time
Readings: Module 30, 31, 32, 34, 35, 36
        EBE Ch. 22, 25
Assignment: p.306. p.314, p.319, p.341-342, p.353-364(#2,3,5,6,7,10,12)

Video:

Keynes-and-Hayek1-300x187.jpg
KEYNES v. HAYEK
Active v. Passive Policy Decisions




AP Econ Unit 8
Unit 8: International Trade and Finance 2 weeks
Macroeconomics
Topics:  Capital Flows and Balance of Payments, Foreign Exchange Market, Free Trade, Comparative and Absolute Advantage
Readings: Module 4, 41, 42, 43, 44, 45
        EBE Ch. 23, 27, 28,
Assignment: p.29-30, p.419-420, p.430, p.32-33(#8-12), p.453-454(#1,3-6, 8-10)

Videos

Comparative Advantage Review Sheet .pdf

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Extra Material
-------------------------------------------------------------------
Click here for optional trade worksheet.
Click here for notes that will help you on International Trade...

TRADE TEST!!!!
The first two parts of the total test on Int'/ Trade must be completed by Thursday March 25th, 2010!!!




AP Econ Unit 9
Unit 9: Consumer Choice 2 weeks
Microeconomics
Topics: Law of Diminishing Marginal Benefits, Consumer and Producer Surplus, Consumer Choice/Optimal Purchase Rule, Allocative Efficiency, Deadweight Loss, Elasticity, Total Revenue Test,
Readings: Module 46, 47, 48, 49, 50, 51
        EBE Ch.4, 9, 10
Assignment: p.464-465, p.474, p.481, p.493-494, p.509-519, p.521-522, p.524-528(#1-4,6,8-11,14,15,17,18)

Class notes

Review Videos





AP Econ Unit 10
Unit 10: The Role of Government and Market Failures 2 weeks
Topics: Role of Government, Public versus Private Goods, Marginal Social Cost/Marginal Social Benefit Analysis, Market Failures, Positive and Negative Externalities, Taxes, Free Riders, “Tragedy of the Commons”
Readings: Module 8, 9, 50, 74, 75, 76, 77, 78
        EBE Ch. 11, 12, 17, 18, 24, 29
Assignment: p.86-87, p.93-94, p97-99(#13-19), p.526 (12,13), p.730, p.741-742, p.752-753, P.775-775(#1,2,7-11,14,15)

Videos

Final Assignment must be uploaded to YouTube
Login ID: bartrameconomics
Password: bartrambears







AP Econ Unit 11
Unit 11: Costs, Revenues and Profit 3 weeks
Topics: Law of Diminishing Marginal Returns, Economies of Scale, Costs (fixed, variable, marginal), Cost Curves (relationship between curves), Total and Marginal Revenues, Profit and Loss (MR/MC and TR/TC), Break-Even, Shut Down, Economic Profit versus Normal Profit
Readings:  Module 52, 53, 54, 55, 56, 57
Assignment: p. 534-535, p.540-541, p.547, p.557-558, p.565-567, p.578-581(#1-5,8-12,15,17,18)

Videos



Health Care NYTIMES





AP Econ Unit 12
Unit 12: Perfect Competition 3 weeks
Topics: Assumptions, Relationship between Industry and Firm, Profit Maximization, Long-Run Equilibriums, Short-Run Equilibriums and the Adjustment Mechanism, Allocative Efficiency.
Readings:  Module 58, 59, 60
        EBE Ch. 6
Assignment: p.589, p597-598, p.606-607, p.632-633(#1-8)


Videos




AP Econ Unit  13
Unit 13: Imperfect Competition 3 weeks
Topics: Relationship Between Price and MR, Barriers to Entry, Profit Maximization, Monopoly, Regulation, Natural Monopoly, Oligopoly and Duopoly Game Theory with Game Tree and Payoff Matrix (dominant strategy, Nash Equilibrium, collusion, prisoner’s dilemma, interdependence), Collusive Oligopoly, Monopolistic Competition (long run and short run) (Note: In each imperfectly competitive
market structure, examine its effect on allocative efficiency and consumer and producer surplus, and make comparisons to perfect competition.)
Readings: Module 61, 62, 63, 64, 65, 67, 68
        EBE Ch. 20
Assignment: p.615-616, p.622-623, p.629, p.633-636(#11-20), p.643, p.650-651, p657-658, p.666-667, p675-677(#5-8,10,13,14,15)

Videos





AP Econ Unit 14
Unit 14: Factor Markets 2 weeks
Topics: Factors of Production (review definitions of marginal revenue, marginalproduct, the law of diminishing marginal returns), Derived Demand, MarginalRevenue Product Analysis, Optimal Purchase Rule, Perfectly Competitive FactorMarkets, Profit Maximization/Cost Minimization Rules, Monopsony, EconomicRent, Distribution of Income AmongFactors, Unions
Readings: Module 69, 70, 71, 72, 73
        EBE Ch. 7, 8, 30
Assignment: p.688-689, p.694, p.704-705, p.709-710, p.719-720(#1-9)

Videos



REVIEW


FR 2011
FR 2010
FR 2009
FR 2008
FR 2007
FR 2006
FR 2005
FR 2004 (IF NEEDED)
Practice Macro
Practice Micro

Anderson.jpg
Book Details


Title:
Cracking the AP Economics Macro & Micro Exams
Publisher:
Author:
David Anderson
Edition:
Paperback
Language:
English
ISBN:
0375428879

EAN:
9780375428876

No. of Pages:
254
Publish Date:
2009-01-31
Binding:
Paperback
Dodge.jpg
Book Details


Title:
5 Steps to a 5 AP Microeconomics and Macroeconomics
Publisher:
Author:
Eric R Dodge
Edition:
Paperback
Language:
English
ISBN:
0071497951

EAN:
9780071497954

No. of Pages:
361
Publish Date:
2007-11-30
Binding:
Paperback
Econ Unit 1
Production Possibilities, Choice, Scarcity and Opportunity Costs
Factors of Production
Compare Economic Systems
Incentive, Specialization and Devision of Labor
Markets (P&F)

Class notes

ISA #1-8
1.1 p.10 2-4
Under Armour p.11 1-2
1.2 p.17 4-6
Adam Smith p.18 1-2
1.3 p.25 2&6
2.1 p.41 2-6
Home Depot p.42 1-2
2.3 p.54 1-2

Videos

Review Videos




Econ Unit 2
Law of Demand
Law of Supply
Elasticity
Equilibrium
Marginal Analysis
Graphs related to Micro Principles

Class notes

ISA #2-9
4.1 p.95 7-8
4.2 p.101 2-3
Oprah Winfrey p.102 1-2
4.3 p.109 2-4,6
iPod p.110 1-2
5.1 p.125 2-3
6.1 p.146 2-4
eBay p.147 1-2
6.2 p.154 4-6

Review Videos




Econ Unit 3
Business Structures
Market Structures
Financial Markets
Costs
Production Function
Labor Markets

ISA #3-10
3.1 p.70 2-3
Andrea Jung p.71 1-2
3.2 p.77 2-4
7-Eleven p.78 1-2
5.2 p.130 4-6
5.3 p.137 2-6
7.1 p.177 5-7
Bill Gates p.178 1-2
8.2 p.213 2&4
Harley Davidson p.214 1-2

Review Videos




Econ Unit 4
Gross Domestic Product
Gross National Product
Macro-Measurements
Employment
Graphs related to Macro
Principles
Productivity and Growth

Class notes

ISA #5-8
12.1 p.327 2-5
12.3 p.345 8
The Rich... p.345 1-2
Global Fruit p.350 1-2
13.1 p.359 3,4&7
13.2 p.367 2,4-7
Milton Friedman p.368 1-2
13.3 p.375 5-8


Review Videos



Can Economics Help You Be a Better Parent?






Econ Unit 5
Market Failures and Government Intervention
Social Goals and Market Efficiency
Principles and Types of Taxes
Spending, Transfer payments, Subsidies, Deficit and Debt

ISA #4-8
7.2 p.183 3-4
6.3 p.161 2-3
9.1 p.236 2-7
9.2 p.245 2-3
10.1 p.265 4&8
10.2 p.275 2&5-6
Boeing p.276 1-2
10.3 p.283 2

Videos





Econ Unit 6
Functions and Demand
for Money
Federal Reserve
System

Class Notes

ISA #6-8
14.1 p.368 3
14.2 p.397 3,5,7
Ben Bernanke p.398 1-2
14.3 p.407 4-8
15.1 p.417 2,3,5-7
John Maynard Keynes p.428 1-2
15.3 p.433 3-4&7
Best Buy p.434 1-2

Review Videos




Econ Unit 7
Cash vs. Credit
Loans
Financial goals
Investment options
Retirement options
Financial Intermediaries

The Assignments for this unit will be computer based.




Econ Unit 8
International Economics
Currency and Foreign
Exchange
International Trade
Comparative and Absolute Advantage

ISA #8-3
16.1 p.445 2-5
16.2 p.454 2-7
16.3 p.461 2-3&7

Videos

Comparative Advantage Review Sheet .pdf / .jpeg


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Last Modified: Mar 20, 2013