1st 9 WEEKS AP ECONOMICS SCHEDULE 2013

All dates and activities on this are subject to change as needed. See CMS for latest information.

Block / Date / Chap / Topics / Graded assignments due / Class activities (tbd) / Homework
1 / 9/3
9/4 / 1 / Overview
Intro to econ
Econ and you / Knowledge inventory
Pre-test (pairs)
Marginal utility sim. / Article
Needs/wants
Vocab +
2 / 9/5
9/6 / 1 / Opportunity cost
Factors of production
Production poss. curve
Trade/comp advantage / Chapter 1quiz (Q)
Article (H)
Activity 2 (C) / What’s the value?
Activity 2 / Vocab +
PPC packet
3 / 9/9
9/10 / 2 / Systems of trade (money)
Types of goods
Competition & consumers / Application exercise
Mocha worksheet (C) / Kingdom of Mocha
video / Vocab +
4 / 9/11
9/12 / 2 / Types of economic
systems
Markets (resource & product)
Circular flow
Competition & consumers / Chapter 2 quiz (Q)
Activity 5 (C) / Graph 2.2
Activity 5 / Vocab +
Study for test
5 / 9/13
9/16 / 4 / Public and private sectors / Application exercise
Problem Set #1(H) / Public v. private sector
Matrix / Vocab+
6 / 9/17
9/18 / 4/Review / Review for test, catch-up as necessary / Chapter 4 Quiz / Review
7 / 9/19
9/20 / Unit I Test (T) / Acquire outside readings- will be due 2nd quarter
8 / 9/23
9/24 / 3 / Demand / Activity 9 (C)
Activity 10 (C) / Activity 9/10 / Vocab+
9 / 9/25
9/26 / 3 / Supply / Chapter 3 quiz (Q)
Activity 12 (C) / Activity 12
Discuss book report and economic literacy project / Vocab+
Free Resp. #1, p. 27
10 / 9/27
9/30 / 3 / Market equilibrium / Application exercise (C)
Activity 15 (C) / Activity 15
11 / 10/1
10/2 / 6 / Elasticity / Activity 17 (C) / Activity 17 / Read,
vocab+
12 / 10/3
10/4 / 6 / Elasticity
Consumer and producer surplus / Chapter 6 quiz (Q) / Vocab+,
Ch 6 M.C.
13 / 10/7
10/8 / 7 / Consumer behavior / Application exercise (C)
Problem set #2 (H)
14 / 10/9
10/10 / Wrap up and review / Economic literacy project (P) / Review
15 / 10/11
10/15 / Unit II Test (T)
16 / 10/16 / 8 / Costs of production / Vocab quiz (Q)
Activity 25 (C) / Activity 25 / Vocab+
17 / 10/17 / 8 / Costs of production / Chapter 8 quiz (Q) / Vocab+
18 / 10/18
10/19 / 9 / Market structures / Application exercise (C)
Activity 24 (C) / Activity 24
19 / 10/20
10/21 / 9 / Pure competition / Chapter 9 Quiz
Activity 27 (C) / Activity 27
Activity 29
20 / 10/22
10/23 / 9 / Pure competition / Problem set #3
Activity 30 (C) / Activity 30
10/24
10/25 / Wrap up and review / Review
10/28
10/29 / Unit III Test (T) Notebook (H) / Start Chapter 10
10/30
10/31 / 10 / Pure monopoly

Notebook organization:

You will need a three-ring binder for this. The front page will be the table of contents. All work will be logged on this this in the order that it is given, and points possible and points earned should be added as well. The actual assignments will be numbered and placed in the correct order behind the table of contents. This will be collected and reviewed for a grade near the end of the quarter, but the main purpose of the assignment is to enhance your organization and aid your success in this course.

Problem Sets:

These will be handed out for each unit, and will be due two blocks before the unit test. They will include multiple choice, short answer, and free response questions, and will double as a test review.

Key vocab terms: (these are the most significant terms in each chapter, but this is not a comprehensive list of what you need to know)

Chapter 1: Economics, utility, marginal utility, scarcity, opportunity cost, production possibilities curve, capital goods, consumer goods, economic growth, factors of production (identify), comparative advantage

Chapter 2: Money, barter, command economy, market economy, competition, invisible hand, dollar votes

Chapter 4: Durable v. non-durable goods, monopoly, externality, public good, free-rider problem, transfer payment, externality, marginal tax rates, excise tax

Chapter 3: Demand, law of demand, diminishing marginal utility, income effect, substitution effect, inferior goods, normal goods, substitute good, complementary goods, supply, determinants of supply, equilibrium price/quantity, surplus, shortage, productive efficiency, allocative efficiency

Chapter 6: Price elasticity of demand, unit elasticity, elastic demand, inelastic demand, perfectly elastic demand, perfectly inelastic demand, total revenue test, price elasticity of supply, market period, short run, long run, cross-elasticity of demand, income elasticity of demand, consumer surplus, producer surplus, efficiency loss

Chapter 7: Utility, law of diminishing marginal utility, total utility, marginal utility, rational behavior, budget constraints, consumer equilibrium, income effect, substitution effect

Chapter 8: Opportunity cost, explicit costs, implicit costs, normal profit, economic profit, total product, marginal product, average product, law of diminishing returns, fixed costs, variable cost, total cost, marginal costs, economies of scale, returns to scale, minimum efficient scale, natural monopoly

Chapter 9: Pure competition, imperfect competition, price taker, average revenue, total revenue, marginal revenue, break- even point, MR=MC rule, short-run supply curve, constant-cost industry, increasing cost industry, [productive efficiency, allocative efficiency, consumer surplus, producer surplus in context]

Chapter 10: Pure monopoly, barriers to entry, simultaneous consumption, network effects, X-inefficiency, price discrimination, socially optimal price, fair-return price

Quizzes:

There will be one quiz for almost every chapter, although in rare instances there will be two or none. These will consist primarily of multiple-choice questions covering both vocabulary and content.

Unit tests:

These will consist of 50 multiple choice questions which will account for 100 points and two free-response questions that will count for 50 points, although they will not always be 25 points each

Application exercises:

This will generally be one or two free responses designed to reinforce the concepts learned in the unit, AS WELL AS EARLIER UNITS.

Classroom activities:

These are typically practice problems, graphing activities, or short answer questions designed to reinforce the content covered that day. They will be done in an individual/pair format.