AP Economics Agenda for 10/15-11/6
**Agenda is subject to change**
Tuesday, October 15, 2013: (Objectives: Students will be able to: 1)
Review shifts in Demand Curves; and 2) Identify and explain the Law of
Supply and movements and shifts in the supply curve)
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Welcome!
Finish Notes: Law of Supply---Movements and Shifts
Knowledge Check: Supply Curve Packet
Pair Activity: Analyzing Headlines--Shifts in Supply and Demand
Curves
Review Headlines Activity
Closing Discussion Question: Is the price really "right?"
(If time: Begin market simulation)
Homework: NONE
Thursday, October 17, 2013: (Objectives: Students will be able to: 1)
Review shifts in Demand/Supply Curves; and 2) Identify and define the
concepts of Market Equilibrium)
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Welcome!
Review Headlines Activity (Hand in)
Discussion Question: Is the price really "right?"
Market Simulation: Bananas
Review Market Simulation results and graph
Homework: Prepare for Quiz on Demand/Supply Curves and Market
Equilibrium next class!
Monday, October 21, 2013: (Objectives: Students will be able to: 1)
Review shifts in Demand/Supply Curves; and 2) Identify and define the
concepts of Market Equilibrium)
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Welcome!
Recap 1st Two Rounds of Market Simulation
Continue Simulation---Rounds 3-5
Review Simulation---Results, Graphs, and Questions
Notebook Handout on Equilibrium Price--Supply AND Demand Shifts
Review Handout
Homework: Research "Paper"--Find examples of Price Floor/Ceiling
in American History---Summarize it, reason it was done, and do you
agree and why?
NOTE---PREPARE FOR QUIZ ON DEMAND/SUPPLY CURVES AND
MARKET EQUILIBRIUM NEXT CLASS!
Wednesday, October 23, 2013: (Objectives: Students will be able to: 1)
Analyze the effect of shifting curves on market equilibrium; and 2) Examine
the impact of price controls)
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Welcome!
Go over findings from Research "Paper"
Collect Paper
Quiz: Demand and Supply Curves and Market Equilibrium
Handout: Shifting Demand and Supply and impact on Equilibrium
Review Handout
Notes: Price and Quality Controls
Activity: Max and Min price controls
Homework: Finish Activity
Friday, October 25, 2013: (Objectives: Students will be able to: 1)
Examine the impact of price controls; and 2) Identify and define
"Deadweight Loss")
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Welcome!
Finish Notebook Handout on Supply/Demand curve shifts and Market
EQ
Review Handout
Warm Up: How would you define "Dead weight?"
Notes; Price and Quality Controls
Activity: Max and Min Price Controls
Homework:
Tuesday, October 29, 2013: (Objectives: Students will be able to: 1)
Identify and define "Deadweight Loss"; 2) Examine the impact of price
controls; and 3) Identify and calculate price elasticity of demand)
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Welcome!
Quick Review: What is deadweight loss?
Economics of Seinfeld: Deadweight Loss of Gift Giving
Finish Notes on Price/Quantity Controls
Pair Activity: Max and Min Price Controls
Intro Question: Change in Prices---Pizza and Gasoline
Notes: Price Elasticity of Demand
Homework: Family Poll----What products do your family members
view as elastic and inelastic? 5 Paragraphs. What products and
why? How high in price would they be willing to go? Any
substitutes?
Thursday, October 31, 2013: (Objectives: Students will be able to: 1)
Define Elasticity; 2) Know the tests of Elasticity; and 3) Calculate Price
Elasticity of Demand)
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Welcome!
Review Homework: Family Poll
Collect Homework
Activity: Snickers Effect
Notes: Price Elasticity of Demand/Tests of Elasticity
Website: Elasticity of Oil
Homework: NONE
Wednesday, November 6, 2013: (Objectives: Students will be able to: 1)
Define Elasticity of Supply and Demand; 2) Know the tests of Elasticity; 3)
Calculate Price Elasticity of Supply/Demand; and 4) Practice a Sample Free
Response Question---AP Econ Test)
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Welcome!
Review/Finish Notes on Price Elasticity of Demand
Quick Activity: Lesson 4, No. 19
Review Activity
Notes: Price Elasticity of Supply---Very similar
Activity: Sample Free Response Question from AP Econ Micro Test
2012
Share Sample Free Response Answer---Grade others
Homework: Economic Literacy #2---Due Friday!