AP Economics – 1/23/2020
I. Bellwork
- Learning Goals on Google Classroom
II. Objectives
- Explain how scarcity and choice are central to the study of economics
- Differentiate between positive economics and normative economics
- Recognize when Economists agree and why they sometimes disagree
- Determine what makes macroeconomics different from microeconomics
III. Discussion/Overview: Clifford PPT 1.1 Introduction
A. Individual Choice
- Resources are Scarce
- Opportunity Cost
B. Microeconomics vs. Macroeconomics
C. Positive versus Normative Economics
- When and Why Economists Disagree
IV. Classwork on iLearn
- AP Classroom Section 1.1. & 1.2 MC
V. HW: AP Classroom Section 1.3
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