I  Objectives Integrate and evaluate information presented to interpret and  construct economic models Address questions and form conclusions based upon analysis of various criteria and/or economic models Apply economic terminology and concepts in order to solve problems II.  Section 1 Exam Part A – Constructive Part B – Selective response

I. Bellwork  AP Central 1.5 & 1.6 Review II  Objectives Integrate and evaluate information presented to construct economic models which calculate marginal utility and marginal utility by dollar Apply marginal analysis to determine the optimal consumption bundle Discuss economic concepts and reflect upon misconceptions by reviewing previous AP central assignments III.  Classwork Second part of […]

I.  Bellwork:  AP Central 1.2 Economic Systems II  Objectives: Explain how the principle of diminishing marginal utility applies to the consumption of most goods and services Analyze and interpret economic modules in order to determine optimal solutions Construct economic models and calculate marginal utility and marginal utility by dollar Utilize marginal analysis to find the […]

I.  Bellwork on AP Classroom II.  Objectives: Differentiate between the characteristics of various economic systems Analyze and explain the components of the Circular Flow Model Discuss common ideologies related to economic systems III.  Discussion PPT on iLearn A.    Economic systems: Free Market and Command Economies Economic Systems Figure 2.2 Spectrum of Mixed Economies B.     Circular Flow […]

I.  Bellwork Page 31 Free Response Question #2 Q&A II.  Objective: Examine how comparative advantages and globalization have led to increasing trade. Examine how absolute and comparative advantage is determine and how these advantages are applied to create beneficial trade. Integrate and evaluate multiple sources of information presented in diverse formats in order to address […]

I.  Bellwork: Summarize:  Adam Smith Quote   Explain how it relates to present day economies and countries II.  Objective: Examine how absolute and comparative advantage is determine and how these advantages are applied to create beneficial trade. Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes […]

I.  Bellwork:On AP classroom II.  Objectives: Discuss and use terms and concepts as they are applied in Economics Analyze, explain and graph  the various factors that can contribute to changes in the PPC III.  Discussion A.  Economic Terminology Marginal Analysis Price  & Cost Capital & Consumer Goods Productivity B.    Productive & Allocative Efficiency  IV.  Classwork: […]