Today we will begin our study of factor markets.
Read the chapter(s) assigned in the homework section and take notes.
Watched the required videos assigned below and take notes.
Completed the Problem of the Day assigned below in your notes.
Taken the formative assessment on this topic.
Directions: All students (team-taught and self-paced) must complete the chapters and videos listed below. Team-taught students will take an assessment on this on the day assigned, while self-paced students will choose for themselves when to take the assessment. ALL students are required to take notes. These notes will be graded. Notes MUST be taken by hand in pen. Notes kept on a computer will not be accepted.
Assignments
Read McConnell and Brue (Chapters 25 and 26) and watch the following videos.
Required: Watch the videos below and take notes to do well on the formative assessment.
Khan Academy videos (not required)
Choose your class: At the beginning of class you will choose to go to one of two classes. If you are confident that you understand the day's content, then you will go to a class where you can determine for yourself what you need to do to deepen your understanding. You'll have a teacher there to help you with any questions you have. This will be a more "student-centered" class. If you are not confident that you understand the day's content, then you will go to a class where the teacher will do more directed activities to ensure that you get the basics. This will be a more "teacher-centered" class. At the end of class all students, regardless of which class you choose, will take the same assessment to ensure that you understand today's topic.
Problem of the Day: Work cooperatively with another AP Economics student to construct a response to the following prompt. Complete the response in your notebook, NOTING WITH WHOM YOU WORKED.
Do problems #7 and #8 in the "Study Questions" section at the end of Chapter 25 in McConnell and Brue.
Assessment: You will take an assessment on today's topic at the end of class.
Work period: Students will determine on their own how to use these minutes, understanding that they must take the assessment associated with today's topic by the end of class. Doing the problem set(s) below will help you prepare.
Problem of the Day: Work cooperatively with another AP Economics student to construct a response to the following prompt. Complete the response in your notebook, NOTING WITH WHOM YOU WORKED.
Do problem #1 in the "Problems and Applications" section at the end of Chapter 17.
Use the kinked demand model to explain why price wars are common in oligopolistic industries.
Assessment: You must take the assessment on today's topic by the end of class.