Feb 03

AP Macro – 2/03/2020

I.  Bellwork

  • Page 120 FRQ #2 – Show work

II.  Objectives

  • Explain how unemployment is measured
  • discuss and analyze the unemployment rate, it’s criteria, and it’s  significance based upon interpretation of maps, statistics data, and  multimedia resources.
  • Interpret and analyze numerical data and form decisions

III.  Measuring and Calculating Unemployment pgs. 121-127

A.  The Unemployment Rate:  Episode 18: Unemployment

  1. Defining and Measuring Unemployment
  2. The Significance of the Unemployment Rate
  3. Growth and Unemployment

IV.  Discussion\Notebook

  A.  Unemployment rates by State

B.  Applying for Unemployment

C.  Wall Street bank says U.S. unemployment isn’t 5%

V.  Notebook

  • Labor Force – Circle Map

VI.  Classwork

12.2 & 12.1

Jan 08

AP Economics – 1/09/2020

I.  Bellwork

  • iLearn Module 78 Questions

II.  Objective

  • Apply knowledge economic concepts to various problems to assess understanding

III.  Classwork

  • Post Test on Precision Exams (Extra 5 summative if you earn a certificate)

IV.  Review

A,  Clifford Micro Review Video

B  Materials on iLearn

PPT Graphs Section 10: 3.5, 3.6, 3.7

Section 11: 4.1, 4.2, 4.3, 4.4

Section 12: 5 .2,  5.3

FRQ – Something similar to the Exams that have been given the past 6 yrs

  • Tuesday – FRQ
  • Wednesday – MC
Jan 07

AP Economics – 1/08/2020

I.  Bellwork

Page 768 MC 1-5

II.  Objectives:

  • Define poverty and describe its causes and consequences
  • Explain how income inequality in America has changed over time
  • Discuss how Social Security and similar programs affect poverty and income inequality

III.  Discussion Income Inequality & Income Distribution P.770-781

A.  The Problem of Poverty

  1. Trends in Poverty
  2. Who Are the Poor?
  3. What Causes Poverty?
  4. Consequences of Poverty

B.  Economic Inequality

C.   Economic Insecurity

D.  U.S. Antipoverty Programs

  1. Means-Tested Programs
  2. Social Security and Unemployment Insurance
  3. The Effects of Programs on Poverty and Inequality

E.  The Debate over Income Redistribution

  1. Problems with Income Redistribution
  2. The Politics of Income Redistribution

IV.  Classwork

Jan 06

AP Economics – 1/07/2020

I.  Bellwork  

  • A.  Page 761 MC 1-5
  • B.  Page 762 #2 a & b

II.  Objectives

  • Identify the three major antitrust laws and describe how they are used to promote competition
  • Explain how government regulation is used to prevent inefficiency in the case of natural monopoly
  • Discuss the pros and cons of using marginal cost pricing and average cost pricing to regulate prices in natural monopolies

III.  Discussion:  Public Policy to Promote Competition pages 763-766

-Episode 28: Regulation

A.  Promoting Competition

B.  Antitrust Policy

  1. The Sherman Antitrust Act of 1890
  2. The Clayton Antitrust Act of 1914
  3. The Federal Trade Commission Act of 1914

C.  Dealing with Natural Monopoly

IV.  Classwork

  • Module 77 Questions on iLearn
Jan 05

AP Economics – 1/06/2020

I  Bellwork

Page 758 FYI – Explain a solution that may assist in resolving the problem

II.  Objectives:

  • Characterize public goods and explain why markets fail to supply efficient quantities of public goods
  • Define artificially scarce goods and explain why they are underconsumed
  • Describe how government intervention in the production and consumption of these types of goods can make society better off

III.  Discussion Public Goods  P753-760

A.  Private Goods – And Others

  1.  Characteristics of Goods Figure 76.1

     a.  Excludable & Rival in consumption

2. Why Markets Can Supply Only Private Goods Efficiently

             a. Free-rider Problem

B.  Public Goods (Nonexcludable & Nonrival)

  1. Providing Public Goods
  2. How Much of a Public Good Should Be Provided?    MSC=MSB

C. Common Resources (Nonexcludable & Rival)

  1. The Problem of Overuse
  2. The Efficient Use and Maintenance of a Common Resource

a. Tax/Regulate

        b. Trade-able Licenses

        c. Assign Property Rights

D.  Artificially Scarce Goods (Excludable & Nonrival)

IV.  Classwork

  • 76.1  WS on iLearn
  • 6.1- Public Goods Practice page 2 on iLearn
Dec 23

AP Economics – Winter Break

Winter Break Work – Part 1

 I Module 74 Introduction to Externalities – Read pages 733-738

A.  PPT &  Videos

B.  IMPORTANT:  3 Reasons why externalities cannot always be internalized.  p. 737

II.  Homework on iLearn in Winter Break Folder

  • 74.2 WS in Winter Break Folder
  • Section 74 Questions on iLearn

Winter Break Work Part 2

I.  Externalities and Public Policy pgs. 740-750

A. Videos

II,  Homework on iLearn in Winter Break Folder

  • 75.2 WS
  • 75.3 WS A
  • 75.3 WSB
  • Section 75 Questions
Dec 18

AP Economics – 12/19/19

I.  Bellwork:  Pgs 731

    A.  Free Response #1

III.  Objectives

  • Explain how the factor markets determine the factor distribution of income
  • Explain how the demand for the factors of production leads to the marginal productivity theory of income distribution
  • Determine the equilibrium wage and level of employment in the labor market for firms operating in perfectly and imperfectly competitive markets

IV.  Classwork/Review:

  • FRQ Problems 4-6 on iLearn
  • On iLearn:  Section 13 Review Modules 69-71 & 73

V.  Section  13 Exam Friday