Self-paced AP Economics


There is a link to each day's lesson on this page.  The calendar contains information about homework, assignments that are due, an
d class resources (videos, slideshows, and related readings and podcasts).  It also has information about what we'll be doing each day


MICROECONOMICS (Semester 1)

Unit 1: Basic Concepts

FORMATIVE AND SUMMATIVE ASSESSMENTS
August 13Introduction to AP Economics and the Circular Flow Model
    1. Expectations: First, we will discuss the course and our expectations.
    2. Simulation: We will do a class simulation to highlight some important concepts related to the study of economics.
August 23Summative Quiz
August 29Unit 1 Test 

INQUIRY: DO WE REALLY BEHAVE RATIONALLY?
 
  • Before listening: Brainstorm some narrow (supporting questions) that must be answered before the broader question (above) can be addressed.
  • After listening: Brainstorm some questions that arose in your mind as you watched and listened. Try to write them so that they are broad and open, like the question above.
  • If you found this interesting: Listen to this podcast about SOCIAL NUDGES. As you will have learned from listening to Ariely's Ted Talk, we do not always behave rationally. Nobel Prize winning economist Richard Thaler suggests that irrational behavior can be partially addressed through employing social nudges like the ones discussed in the podcast.


Unit 2: Demand, Supply and the Theory of Consumer Choice

FORMATIVE AND SUMMATIVE ASSESSMENTS
    August 31 (Two Formatives Today)Demand and Utility Maximization
    September 4Supply
    September 6Equilibrium and Elasticities
    September 13Summative Quiz
    September 19Unit 2 Test 

    INQUIRY:
     ARE WE ACTUALLY IN CONTROL OF OUR OWN CHOICES?
    • After watching/listening/reading: Brainstorm three supporting questions that you could use to help you answer the question above.
    • Then: For each supporting question identify one source that helps you to answer it. Be able to explain how it relates to the supporting question and why you consider it a reliable source.
    • Barry Schwarz on the Paradox of Choice


    Sheena Iyengar on the Act of Choosing


      Unit 3: The Costs of Production and Perfect Competition

      FORMATIVE AND SUMMATIVE ASSESSMENTS


      INQUIRY PROJECT (Step 1):
       For the rest of the semester you will be working on a project in which you attempt to design an inquiry of your own. 
      1. Read through these sample inquiries. Your project should be structured the same way (Corporate Social Responsibility, Economic Happiness, Free Trade, Gender Wage Gap, Great Recession, Johnson and Reagan, Labor Market).
      2. Develop a compelling question, one that is open (there is not one correct answer), broad (can be analyzed from a variety of perspectives), and debatable. Use the questions from Unit 1 and Unit 2 and those in the linked inquiries in (1) above as models.
      3. Develop three supporting questions that must be answered in order for you to answer your compelling question.
      4. Find three sources that could be used to answer/analyze your first supporting question
      5. Using the three sources from (4) above, write a brief response to your first supporting question.
      6. Submit all of this work in the dropbox. Call the document "Inquiry Project".
      EXTENSION: If you found this unit interesting, you might want to check out the resources below. 


      Unit 4: Imperfect Competition

      FORMATIVE AND SUMMATIVE ASSESSMENTS


      INQUIRY PROJECT (Step 2): Supporting question #2
      1. Continue your project on the same "Inquiry Project" document that you started last unit.
      2. Find three sources that could be used to answer/analyze your second supporting question
      3. Using the three sources from above, write a brief response to your second supporting question.
      EXTENSION:
       If you found this unit interesting, you might want to check out the resources below. 

      YouTube Video



      Unit 5: Factor Markets

      FORMATIVE AND SUMMATIVE ASSESSMENTS


      INQUIRY PROJECT (Step 3)Supporting question #3
      1. Continue your project on the same "Inquiry Project" document that you began in Unit 4.
      2. Find three sources that could be used to answer/analyze your third supporting question
      3. Using the three sources from above, write a brief response to your third supporting question.
      EXTENSION:
       If you found this unit interesting, you might want to check out the resources below related to this question (Is Amazon a book monopsony and is its market power a good thing?)

      YouTube Video


        • Heilbroner on Karl Marx:  Read if you're interested in knowing more about the history of economic thought regarding monopsony and the labor market.

      Unit 6: Market Failure

      FORMATIVE AND SUMMATIVE ASSESSMENTS

      December 7: Unit 6 Test  
      December 11: RTI Week (
      December 13:  RTE Week (Exam Review)
      • INQUIRY PROJECT (Step 4): Final Product Due sometime before exams begin (December 15). Bring all your work together in a new document called "Inquiry Project Final." It should be organized in exactly the same way as the linked inquiries you used as examples in Unit 3.

      EXTENSION:
       If you found this unit interesting, you might want to check out the resources below related to this question (Is economic inequality a market failure and is it a bad thing?)

      Richard Wilkinson on Inequality's Effects

      Daniel Ariely on Perceptions of Inequality



        • Capital in the 21st Century (optional):  Listen to these podcasts to learn more about the debate over inequality.
      Vaccinations: If you find the idea of positive externalities interesting, watch this video.

      YouTube Video





      Semester Exam

      December 17:  A3 and A4 semester exams
      December 18: B3 and B4 semester exams
      December 19:  A1 and A2 semester exams
      December 20B1 and B2 semester exams

      HAPPY HOLIDAYS!!!
      1. Is Xmas inefficient? Click here to find out.
      2. Economics Inspired Holiday Humor



      MACROECONOMICS (Semester 2)

      Unit 7: Measuring Economic Performance

      FORMATIVE AND SUMMATIVE ASSESSMENTS

      January 14This summary of 20th Century macroeconomic theory is good background for everything we do this semester. It was written by Paul Krugman, a Nobel Laureate. Give it a read if you have time.
      January 21Unemployment
      January 25Summative Quiz (Extra practice docs: Calculating GDP, Unemployment, and Inflation)
      January 31 (IASAS)

      INQUIRY PROJECT (Step 1):
       This semester you will be working on a new inquiry project. The process is the same as it was first semester. 
      1. Develop a compelling question, one that is open (there is not one correct answer), broad (can be analyzed from a variety of perspectives), and debatable. Use the questions from Unit 1 and Unit 2 and those in the linked inquiries in (1) above as models.
      2. Develop three supporting questions that must be answered in order for you to answer your compelling question.
      3. Find three sources that could be used to answer/analyze your first supporting question
      4. Using the three sources from (4) above, write a brief response to your first supporting question.
      5. Submit all of this work in the dropbox. Call the document "Inquiry Project".

      EXTENSION:
       If you found this unit interesting, you might want to check out the resources below. 
      1. Read the linked article and watch the linked video on "ghost cities" in China 
      2. Listen to this podcast (Freakonomics Podcast on the Shadow Economy).
        • Official measures of GDP do not capture much of the activity that goes on in the economy. Much of what is missed takes place in black (illegal) markets or is just never reported to the government.  This Freakonomics podcast discusses these activities.
      3. Read this article (GDP: An Imperfect Measure of Progress).

      Unit 8: Aggregate Demand, Aggregate Supply and Fiscal Policy

      FORMATIVE AND SUMMATIVE ASSESSMENTS

      February 7Aggregate Demand
      February 11
      February 25 
      (First class after Interim)
      March 5Summative Quiz
      March 11Unit 8 Test

      INQUIRY PROJECT (Step 2)Supporting question #2
      1. Continue your project on the same "Inquiry Project" document that you started last unit.
      2. Find three sources that could be used to answer/analyze your second supporting question
      3. Using the three sources from above, write a brief response to your second supporting question.

      EXTENSION
      If you found this unit interesting, you might want to check out the resources below. 
      1. Watch this Ted Talk by Adam Davidson.
        • YouTube Video

      2. And read this article by Jude Wanniski: Taxes and a Two Santa Claus Theory
      3. You may read this critique of Wanniski as well, if you are interested.

      Unit 9: The Financial Sector and Monetary Policy

      FORMATIVE AND SUMMATIVE ASSESSMENTS

      March 21 
      (Class before Spring Break)
      April 3 
      Summative Quiz 
      April 5Unit 9 Test

      INQUIRY PROJECT (Step 3)Supporting question #3
      1. Continue your project on the same "Inquiry Project" document that you began in Unit 4.
      2. Find three sources that could be used to answer/analyze your third supporting question
      3. Using the three sources from above, write a brief response to your third supporting question.


      Unit 10: International Economics

      FORMATIVE AND SUMMATIVE ASSESSMENTS

      April 17Summative Quiz
      April 25Unit 10 Test

      INQUIRY PROJECT (Step 4)
      Final Product
      1. Bring all your work together in a new document called "Inquiry Project Final." It should be organized in exactly the same way as the linked inquiries you used as examples in Unit 3.
      2. Submit this document to the dropbox by the end of the period identified above.

      EXTENSION:
       
      If you found this unit interesting, you might want to check out the resources below. 
      • RequiredWatch sections 1, 3, and 5 of this program. (Feel free to watch sections 2 and 4 if you like, too.)
      • Optional: This podcast looks at the same problem, the relationship between international trade (particularly trade deficits) and unemployment, through a more technical lens.

      April 29: Review for Mock Exam

      May 6: Review
      May 8Review
      May 10Review
      May 14Review
      May 15: AP Macro Exam (PM)
      May 16: Review
      May 17AP Micro Exam (AM)



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