AP Economics Assignments
- Instructors
- Term
- 2014-2015 School Year
- Department
- Social Science
- Description
-
Online Review Class: http://reffonomics.com/reff/index.html
Class Moodle page: http://moodle.damien-hs.edu/course/view.php?id=299
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Upcoming Assignments
No upcoming assignments.
Past Assignments
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Do all 3 free response questions:
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UNIT 9 TEST
4th Period - Thursday, April 19
1st & 2nd Period - Friday, April 20
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4th Period: Wednesday, March 11
1st, 2nd Period: Thursday, March 12
UNIT 9 TEST
Monday: Work on review sheet
Tuesday: In-class review for Unit 9 Test
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KEY GRAPH MACRO #3: The money market (p. 274)
(The supply of and demand for money, and the equilibrium interest rate)
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Key Graph MACRO #1 - Circular Flow
4th Period - Due Thursday, January 8
1st/2nd Periods - Due Friday. January 9
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Kay Graph #12: Natural Monopoly
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Unit 4 Review Topics for tests being given on 11/6 (1st & 2nd Periods) and 11/7 (4th period)
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Key Graph #9: Cost curves
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Due next Block Day: Thursday (1st, 2nd) or Friday (4th)
Read Modules 52 & 53: pp.530-539
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Key Graph #8 - Negative Externalities
Assignment #9
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1st & 2nd Periods: Due Thursday, Sept 25
4th Period: Due Friday, Sept 26
Assignment #8
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Assignment #7: p.526-7 in the textbook, #10, 11, 13 (you can skip #12)
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Key Graph #7 - Consumer and producer surplus
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Key Graph #6: Elasticity of demand, elasticity of supply
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Unit 1 Test - 1st & 2nd Periods
TOPICS:
Basic definitions
- Micro vs. macroeconomics
- Factors of production
- Opportunity costs
Production possibilities frontier
- Constant opportunity cost (straight line)
- Increasing opportunity cost (curved line, bowed outward)
- Points on the line (efficient), outside the line (infeasible), inside the line
(inefficient)
- Factors in economic growth: increased quantity and quality of resources,
better technology
- Allocative efficiency
- Emphasis on capital goods brings about greater economic growth in the
future
- Absolute and comparative advantage
- Specialization and the gains from trade
Supply, demand, and equilibrium
- Law of demand
- Nonprice determinants of demand
- Shifts ON the demand line vs. shifts OF the demand line
- Effects of demand changes on price and quantity
- Law of supply
- Nonprice determinants of supply
- Shifts ON the supply line vs. shifts OF the supply line
- Effects of demand changes on price and quantity
- Equilibrium: the market clearing price
- Market signals when not at the market clearing price: shortage and surplus
- Simultaneous double shifts in demand and supply
Free response questions will deal with production possibilities curves and/or supply and demand graphs
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Assignment
Unit 1 Test - 4th Period
TOPICS:
Basic definitions
- Micro vs. macroeconomics
- Factors of production
- Opportunity costs
Production possibilities frontier
- Constant opportunity cost (straight line)
- Increasing opportunity cost (curved line, bowed outward)
- Points on the line (efficient), outside the line (infeasible), inside the line
(inefficient)
- Factors in economic growth: increased quantity and quality of resources,
better technology
- Allocative efficiency
- Emphasis on capital goods brings about greater economic growth in the
future
- Absolute and comparative advantage
- Specialization and the gains from trade
Supply, demand, and equilibrium
- Law of demand
- Nonprice determinants of demand
- Shifts ON the demand line vs. shifts OF the demand line
- Effects of demand changes on price and quantity
- Law of supply
- Nonprice determinants of supply
- Shifts ON the supply line vs. shifts OF the supply line
- Effects of demand changes on price and quantity
- Equilibrium: the market clearing price
- Market signals when not at the market clearing price: shortage and surplus
- Simultaneous double shifts in demand and supply
Free response questions will deal with production possibilities curves and/or supply and demand graphs
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Periods 1 & 2: Due Thursday, August 21; Period 4: Due Friday, August 22
KEY GRAPH # 3: Shifts in supply (p.62); Supply and demand at equilibrium (p. 67)
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ASSIGNMENT #3: p.57 multiple choice - #1-5, WITH EXPLANATIONS
p.96 - #2 (draw all graphs)
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KEY GRAPH #2: Shifts in demand (p.52 - graph on the bottom of the page)
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Assignment #2
DIRECTIONS: There is no question #1. Answer questions #2-8. You may either print this out, fill it in, and turn it in, OR you may refer to the questions, and write out the answers on a regular piece of notebook paper. Your choice.
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Key Graph #1 - production possibilities frontier
2 graphs: (1) the one on this web page; (2) from your textbook, p. 20