AP Economics – 1/24/2020

I. Bellwork

Summarize what happened and why? Explain the economic impact of the decision and provide your opinion

A Luxury Dish Is Banned, and a Rural County Reels

II. Objectives:

  • Explain (using data from PPCs or tables as appropriate) how specialization according to comparative advantage with appropriate terms of trade can lead to gains from trade.
  • Explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity demanded
  •  Explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity supplied
  • Demonstrate the effect of a change in an economic situation  (equilibrium) on an accurately labeled graph or visual. 

III. Classwork On AP Classroom:

  • Macro Supply-Demand-Equilibrium
  • Progress Check Unit 1 MC & FRQ

Collaborate in analyzing and solving the problems provided


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