1st 9 WEEKS AP ECONOMICS SCHEDULE 2010
Assignments/activities may be added as class progresses
Block
Date
Chap
Topics
1
8/29
8/30
1
2
8/31
9/1
1
3
9/2
9/6
2
4
9/7
8/8
2
Overview
Intro to econ
Econ and you
Scarcity
Opportunity cost
Opportunity cost
Factors of production
Production poss. curve
Trade/comp advantage
Systems of trade (money)
Types of goods
Competition & consumers
Types of economic
systems
Markets (resource & product)
Circular flow
Competition & consumers
5
9/9
9/12
6
9/13
9/14
9/15
9/16
3
9/19
9/20
9/21
9/22
9/23
9/26
4
Public and private sectors
4
US in the global economy
Vocab quiz (Q)
Free response #1 (H)
Vocab quiz (Q)
5
US in the global economy
Vocab quiz (Q)
9/27
9/28
9/29
9/30
3-5
Finish up and review
Vocab quiz (Q)
10/3
10/4
10/5
10/6
6
Elasticity
Test (T) 25%
vocabulary, 50% AP
style multiple choice and
1 free response (25%)
Activity 17 (C)
6
10/7
10/11
10/12
10/13
10/14
10/17
10//1
8
10/19
10/20
10/21
7
Elasticity
Consumer and producer
surplus
Consumer behavior
8
Costs of production
8
Costs of production
7
8
9
10
11
12
13
14
15
16
17
18
19
3
Demand
Supply
Supply
Market equilibrium
Catch-up, review
Assignments due/graded
activities
Class activities (tbd)
Homework
Knowledge inventory
Pre-test (pairs)
Marginal utility sim.
Article
Needs/wants
Vocab +
Vocab quiz (Q)
Article (H)
Comparative Advantage
F.R. (E)
Vocab quiz (Q)
Mocha worksheet (C)
PPC packet (H)
Vocab quiz (Q)
Activity 5 (C)
What’s the value?
Why go to college?*
Activity 2
Free Response
Kingdom of Mocha
video
Production/trade
Graph 2.2
Activity 5
Auction +
Vocab +
PPC packet
Test (T) 25%
vocabulary, 50% AP
style multiple choice and
1 free response (25%)
Activity 9 (C)
Activity 10 (C)
Vocab quiz (Q)
Activity 12 (C)
Activity 15 (C)
Review
Acquire outside
readings
Activity 9/10
Vocab+
Activity 12, 15
Discuss book report
and economic literacy
project
Public v. private sector
Circular flow (revisit 5
Vocab+
Free Resp. #1, p.
27
Vocab quiz (Q)
Economic literacy
project (P)
Vocab quiz (Q)
Chapter 6 F.R. (E)
Vocab quiz (Q)
Activity 26 (C)
Vocab quiz (Q)
Notebook (H)
Chapter 8 F.R. (E)
Midterm Test, Ch 1-8
(T)
Vocab +
Vocab +
Study for test
Vocab+
Vocab+
Comparative
advantage/ trade/ tariff
simulation
Practice questions
Vocab+
Review
Activity 17
Read,
vocab+
Vocab+,
Ch 6 M.C.
Free Response
Activity 26
Vocab+
Vocab+
Free Response
Quarter review
Study for test
Start Chapter 9
Notebook organization
Front section should begin with table of contents. Class notes and handouts, etc, will be added to this table of contents in the
order they are given out, and any homework assignments. The second section should be for graphing practice, the third for
vocabulary, and the fourth for the economics literacy segment.
Daily vocab terms: (blocks listed are assignment dates- there will be quizzes on each the following class)
Block 1: Economics, utility, marginal utility, scarcity, opportunity cost
Block 2: Production possibilities curve, capital goods, consumer goods, economic growth
Block 3: Factors of production (identify), comparative advantage, money, barter
Block 4: Command economy, market economy, competition, invisible hand, dollar votes
Block 6: Demand, diminishing marginal utility, income effect, substitution effect, complementary goods
Block 7: Supply, equilibrium price/quantity, surplus, shortage
Block 8: Durable v. non-durable goods, monopoly, externality, public good, transfer payment
Block 9: Marginal tax rates, excise tax, comparative advantage, exchange rate
Block 10: Protective tariffs, import quotas, export subsidies, reciprocal trade agreements, offshoring
Block 13: Price elasticity, unit elastic, elastic demand, inelastic demand, total revenue test
Block 14: Market period, short run, long run, consumer surplus, producer surplus
Block 15: Utility, marginal utility, rational behavior, budget constraints, consumer equilibrium
Block 16: Economic profit, total product, marginal product, average product, fixed costs, variable cost, total cost
Block 17: Marginal costs, economies of scale, returns to scale, minimum efficient scale, natural monopoly
Daily drawings/graphs/tables, etc.
Block 1: Needs v. wants table (make a list of 10 things you might purchase, identify them as needs or wants, rank wants)
Block 2: Production possibilities curve
Block 4: Circular flow model
Block 6: Draw both your personal demand schedule and an aggregate demand schedule for the following. Include tabular
data for both, and graph the following aggregate demand curves. (When preparing tables and graphs you should generate
your own data, but individual and aggregate schedules should have different slopes.)
a. Your original demand for schedule MP3 downloads at various prices (D)
b. After Apple discounts iPods by 50%. (D1)
c. During a period of rapid economic growth and salary increases (D2)
d. Upon hearing that iTunes has serious issues with viruses that completely destroy hard drives (D3)
Block 7: Recreate the data from Block 6 (do not use the same table), curves D and D1 only.
a. Create a supply schedule and add that line to the graph (S).
b. Imagine that a major lawsuit by artists raises the royalties that iTunes has to pay per song by 100% (S1)
c. Explain the rationale for each of the different intersections aside from D, S
d. Add a price floor above D, S equilibrium and a price ceiling below the equilibrium price. Color code the
shortage and the surplus
Block 8: Copy the table of functional distribution of income from the book
Block 10: Create a comparative advantage table using the model from table 5.4 on page 97. Make up data for clothing and
televisions from South Korea and the United States, based on what you know about those nations.
Block 14: Free response on P. 54
Block 16: AFC/AVC/ATC graphs