Sep 11

AP Economics – 9/12/19

I.   Bellwork – Questions & Answers 1-3

II.  Objectives:

  • Determine what creates demand, identify factors which influence quantity demand, and construct economic models that are used to represent demand.
  • Analyze, interpret, and communicate demand curves and the difference between a change in quantity demand and a change in demand

III. Discussion PPT & Video on iLearn

IV.  Notebook

A.  Create a Brace Map in your Notebook:

  • Conditions necessary for Demand (3)
Components of Demand

C.  Notebook:  Copy- Demand Schedule & Demand Curve – Figure 4.1

D.  View Video: Law of Demand –

Demand Explained

E.  Copy Arrows below in your Notebook:

Quantity Demand Arrows

F.  View Video:   Diminishing Marginal Utility

V.   Classwork

Sep 11

AP Economics – 9/11/19

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
Sep 10

AP Economics – 9/10/19

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 2.11

IV. Review AP Central Work

  • Basic terminology 
  • Economic Systems and Government
  • Comparative & Absolute Advantage – 
  • PPC
  • Determining marginal utility and Optimal Consumption
  • Trade-Offs & Opportunity Cost
Sep 09

AP Economics – 9/09/19

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 optimal consumption bundle

III.  Utility Maximization pgs. 514-523

Discussion:   iLearn Chp 2 PPT Folder 2.7

IV.  Classwork:  On iLearn:: 2.11 & 51.2

V.  Test on Wednesday

Sep 06

AP Economics – 9/06/19

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

B.     Circular Flow Model

IV.  Classwork:  1.2 on iLearn

Sep 04

AP Economics – 9/05/19

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 a question or solve a problem

III.  Discussion

A.  Trade & Specialization

  • Tree Map on Why Countries Trade?

B.  Absolute and Comparative Advantage

IV.  Classwork/Homework on iLearn

  • Macro 1.4 WS
  • Marco 1.5 WS
Sep 04

AP Economics – 9/04/19

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 clear the relationships among the key details and ideas.
  • Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem

III.  Discussion: Comparative Advantage and Trade pages 24-30

A.  Trade & Specialization

B.  Why Countries Trade?

C. Absolute and Comparative Advantage

IV.   Absolute & Comparative Advantage Exercises

V.  Classwork/Homework

  • Macro 1.4 WS
  • Marco 1.5 WS
Sep 03

AP Economics – 9/03/19

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: PPC Curve Activities on iLearn

Aug 28

AP Economics – 8/28/19

I.    Bellwork Q&A

A.  Read (What is Economics?)

  1. What is the author’s claim?
  2. Provide two examples of evidence the author employs

II.   Objectives

  • Determine the meaning of words and phrases as they are used in a text through discussion and examples
  • Construct thinking maps using examples, explain how scarcity, choice, opportunity costs affect decisions that households, businesses, and governments make and explain how comparative advantage creates gains from trade.

III.  Discuss:  The Fundamental Economic Problem 

  • Scarcity
  • Factors of Production
  • Micro & Macro Economics
  • Positive & Normative Statements

IV.  Trade offs & Opportunity Costs Explained

V.   Notebook Work – Create Thinking Maps

VI. Review Questions on AP Classroom