AP Micro Economics F2019
AP Economics – 10/14/19
I. Bellwork p. 546 Explain the difference between the long run and the short run in economics. Provide examples. II. Objectives: Discuss the importance of the firm’s production function, the relationship between quantity of inputs and quantity of output Explain why production is often subject to diminishing returns to inputs Use data to construct […]
AP Economics -10/10/19
I. Bellwork A. Briefly summarize the article below using CER (claim, evidence and reasoning) 3pts https://www.yahoo.com/finance/news/ford-prepares-mass-layoffs-losing-002618564.html B. Explain the tariff’s impact on consumer surplus and producer surplus. 2pts C. Explain how dead weight loss is involved. 1 pt II. Objectives Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes Graph […]
AP Economics – 10/09/19
I. Objectives: Determine the impact of excise taxes on consumer surplus, producer surplus, deadweight loss and tax revenue. Explain the significance of cross price elasticity of and identify criteria that determine demand and supply elasticity. Analyze and interpret economic models in accordance with concepts presented in the text. II. Module 9 Exam A. FRQ on iLearn […]
AP Economics – 10/08/19
I. Bellwork: How to calculate deadweight loss A. Questions: Using the graph from the video SHOW YOUR WORK a. What is the quantity of the tax? b. How much of that tax is paid by sellers and how much by consumers? c. What is the change to consumer and producer surplus? Objectives: Analyze, interpret, and […]
AP Economics – 10/07/19
I. Bellwork – Show your Work A. For the graph determine: Cs before the tax Cs after the tax Ps before the tax Ps after the tax Total Surplus after the tax Total tax revenue Bonus – Calculate Deadweight loss II Objectives: Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise […]
AP Economics – 10/04/19
I. Bellwork II. Objective: Construct economic models and calculate the change in consumer surplus and producer surplus resulting from excise taxes Construct economic model and calculate the deadweight loss and revenue from taxes resulting from an excise tax III. Discussion/Notes Taxes on Producers- Microeconomics 2.11 ACDC Econ Deadweight Loss, Consumer & Producer Surplus- Microeconomics […]
AP Economics – 10/03/19
I Bellwork- Page 499 Figure 50.1 – SHOW YOUR WORK Calculate the consumer surplus in the demand curve as it intersects the vertical axis at $50 Calculate the producer surplus in the supply curve as it intersects the vertical axis at $15 Calculate the total surplus II. Objectives: Calculate using data from a […]
AP Economics – 10/02/19
I. Bellwork Page 497 Tackle the Test #2 II. Objectives: Calculate total consumer and producer surplus by applying the triangle area formula. Explain and demonstrate the impact of price ceiling and price floors and consumer and producer surpluses Construct economic models to represent consumer and producer surplus III. Discussion/Notebook Formula for Calculating consumer and producer […]
AP Economics – 10/01/19
.I. Bellwork A. Page 484 #2 II. Objectives: Explain the meaning of consumer and producer surplus and their relationship to the demand and supply curves. Interpret and construct graphs based upon information provided to determine consumer and producer surpluses III. Discuss: Consumer and Producer Surplus pages 485-496 Willingness to Pay Changing Prices and Consumer Surplus […]
AP Economics – 9/30/19
I. Bellwork (Show Your calculations) The local smoothie shop sells smoothies for $6.00 each. Doing so, they have sold 1500 smoothies a week for the past year. The shop decides to raise the price to $6.90 and the sales of smoothies drop to 1200 per week. A. Using the midpoint formula, calculate the elasticity of […]