What will you find on these pages?
There is a link to each day's lesson on this page. The calendar contains information about homework, assignments that are due, and class resources (videos, slideshows, and related readings and podcasts). It also has information about what we'll be doing each day, including the problem of the day. Click here to read the syllabus.
August 13: Introduction to AP Economics. Click here to read the syllabus.
August 15: Scarcity, Opportunity Cost, and Production Possibilities
August 19: Demand
August 21: Supply
August 23: Equilibrium and Market Efficiency
August 27: Price Elasticity of Demand and Total Revenue
August 29: Open day
September 2: Unit One Test (Study Guides have been emailed to your SAS email). Check your inbox!
September 4: Market Failure (Public Goods, Common Resources, and Externalities)
September 6: Market Failure and Government (Taxes, subsidies, and price controls)
September 10: Market Failure and the Inherent Inefficiency of Democracy
September 12: Market Failure and the Inherent Inefficiency of Democracy
September 16: Click here for the Unit Two Test Review Page (Check email for study guides)
September 18: An expanded circular flow, the macro model and measuring national income
September 24: The AS-AD model in the short-run and the long-run
September 26: Value aded, what GDP measures, and real vs. nominal values (price indeces)
September 30: Diagnostic assessment and divide class
October 2: Split class
October 4: Unit test on measuring national income and AS-AD
October 8: The Business Cycle and Unemployment
October 10: Inflation and the Self-correcting Mechanism
October 14: Keynes (Ignore the "Problem of the Day" on this page. You will not have to do this.)
October 18: Fiscal Policy (Ignore the "Problem of the Day" on this page. You will not have to do this.)
October 22: Fiscal Policy and Diagnostic
October 24: Split class
October 28: Test
October 30: Money and the Money Market (watch this video too)
November 1: Fractional Reserve System and the Fed
November 12: Tools of Monetary Policy
November 14 (Graded Quiz): Monetarists vs. Keynesians (Click here for videos and the reading on Keynesian monetary policy and here for the Monetarists)
November 18: Limitations on Monetary and Fiscal Policy (Read pages 816-823)
November 20: Unit 6 Test
November 22: The 1970's and the Neoclassical Critique of Keynes (Phillips Curve)
November 26: Supply-side Economics, Adaptive Expectations and Rational Expectations (Phillips Curve) - ignore problem of the day
December 2: Comparative Advantage/Terms of Trade and The Foreign Exchange Market
December 4: Comparative Advantage/Terms of Trade and The Foreign Exchange Market
December 6: Test on Critiques of Keynes and the Foreign Exchange Market
December 10: Semester Exam Review Day
December 12: Semester Exam Review Day
December 12:
December 17: B1 Exam
December 19: B3 Exam
January 14: Go over semester one exam
January 16: International accounting and gains from Trade (Read Pages 764-769 in this doc) and Chapter 9 in Mankiw
January 20: Barriers to Trade
January 22: Barriers to Trade
January 24: Unit 6 Test
January 28: Introduction to Consumer Choice Theory
Read McConnell and Brue Chapter 19 - sent by email)
Click here to access links to some videos about demand and consumer behavior
February 7: Short-run Production Costs
February 11: Long-run Production Costs
February 13: Unit Test on Consumer Theory and Costs of Production
February 25: Short-run and Long-run Equilibrium in Perfect Competition
February 27: Short-run and Long-run Equilibrium in Perfect Competition (Day 2)
March 17: Pure Monopoly
March 19: Regulating Monopoly (Natural Monopolies) and Price Discrimination
March 21: Test on Perfect Competition and Monopoly
April 1: Monopolistic Competition
April 3: Collusive Oligopoly and the Prisoner's Dilemma
April 6: Non-collusive Oligopoly (Kinked Demand Theory)
April 8: Test on Monopolistic Competition and Oligopoly
April 9: Derived Demand
April 11: Allocating multiple inputs, least-cost profit maximizing combination of inputs, and determination of wages in perfect and monopsonistic markets
April 15: Labor Unions and economic rent, interest, and profits
April 17: Unit 7 Test
April 22: Review for Mock Exam
April 24: AP Microeconomics Mock Exam in class
April 28: The long FRQ in Macro
April 30: The long FRQ in Micro
May 5: Production possibilities and comparative advantage review
May 7: Fiscal and monetary policy review
May 9: International economics review
May 14: Open
May 15: AP Exam (Macro in the morning and Micro in the afternoon)