AP MacroEconomics – 1/27/2020

I. Bellwork

A. Google Classroom – NetFlix Article

II. Objectives:

Analyze, create models, and 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.
Create and explain (using graphs as appropriate) the relationship between the price of a good or service and the quantity demanded and/or quantity supplied
Demonstrate the effect of a change in an economic situation (equilibrium) on an accurately labeled graph or visual.

III. Classwork: On iLearn