AP Micro Economics F2019
AP Economics – 10/28/19
I. Objectives Conduct marginal analysis by completing a production schedule and constructing an economic model Create and interpret economic models based upon production data in order to form decisions. II. Section 10 Test Free Response Questions iLearn MC Test
AP Economics -10/25/19
I. Bellwork Page 581 Check Your Understanding & Tackle the Test 1-5 II. Objectives: Construct, analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms Explain and calculate using data from a graph or table various measures of productivity and short/long run costs. […]
AP Economics – 10/24/19
I. Bellwork Page 543 Tackle the Test 1-5 II. Objectives: Explain the meaning and dimension of market structure Describe the four principal types of market structures Analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms. III. Something that will be coming up: […]
AP Economics – 10/23/19
I. Bellwork Page 538 Free Response #2 a-d (show your work) II. Objectives Perform Marginal Analysis Determine the profit maximizing level of output using the optimal output rule Analyze, interpret and construct economic models to solve problems and make decisions III. Discussion: Profit Maximization pgs. 539-542 Total Revenue = P x Q Profit = TR – […]
AP Economics – 10/22/19
I. Bellwork Page 570-571 Tackle the Test 1-5 & FRQ #2 II. Objectives: Explain the difference between explicit and implicit costs and there importance in decision making Describe the different types of profit: accounting , economic, and normal Calculate profit III. Discussion Defining Profit p 533-536 Micro 3.7 Economic Profit and Costs Formula for Profit Differentiate […]
AP Economics – 10/21/19
I. Bellwork Page 562 Tackle the Test 1-5 write Answers II Objectives Explain why a firm’s cost may differ between the short run and long run Describe how a firm can enjoy economies of scale Interpret and explain graphic models representing costs in the short and long run III. Discussion Module 56 Long Run Costs […]
AP Economics – 10/18/19
I. Bellwork Page 562 Tackle the Test 1-5 write Answers II Objectives Explain why a firm’s cost may differ between the short run and long run Describe how a firm can enjoy economies of scale Interpret and explain graphic models representing costs in the long run III. Discussion Module 56 Long Run Costs & economies […]
AP Economics – 10/17/19
I. Bellwork Page 562 Check Understand 1a – Show formulas and work II. Objectives Describe the various types of cost a firm faces: variable, fixed, and total costs Explain how a firm’s costs generate marginal cost curves and average cost curves Interpret and explain graphic models representing costs III. Discussion: Firm Cost Module 55 – […]
AP Economics – 10/16/19
I. Bellwork Page 551 Free Response #2 II. Objectives Describe the various types of cost a firm faces: variable, fixed, and total costs Explain how a firm’s costs generate marginal cost curves and average cost curves Interpret and explain graphic models representing costs III. Discussion: Firm Cost Module 55 – pgs 552-562 A. How Nintendo […]
AP Economics – 10/15/19
I. Bellwork On Google Classroom- Write response II. Objective: Explain why production is often subject to diminishing returns to inputs Use data to construct production functions to determine optimal levels of production Analyze and interpret data in order to make decisions III. Turn in Homework 3.1 IV. Discussion: PPT on iLearn V. Classwork Page 550 […]