Monday
 11/22

Activities:

• (Testing) No Class

Homework:

previous month's plans

Tuesday
11/23

Activities:

• ?????????????

Homework:

• 
  
• Print out all the Visuals for Unit 4
  

Wednesday
11/24

Activities:

• Thanksgiving Break
  (No School)
  

Homework:

• Remember the Rules!
• ----------------------

Thursday
11/25

Activities:

• Thanksgiving
  (No School)

Homework:

• Eat Turkey!!
• -------------------

Friday
11/26

Activities:

• Thanksgiving Break
  (No School)

Homework:

• Eat more Turkey!!

Must do:

• Complete  4-1 & 4-2
  
• Watch JSlo Video (Factor Markets #2 :  Monopsony  (7:48)

Optional/Additional:

• Chap. 14 (pp. 273-279)
  
• ACDC MIcro Intro - Resource Markets (1:23)
  
• ACDC Micro 5-1 Market & Minimum Wage (3:27)  (good)
• ACDC Micro 5-2 Perfectly Competitive Labor Market & Firm (3:28)  (very good)

• Possibley Re-Watch: Intro to Factor Markets (10:26)
  

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calendar

Monday
11/29

Activities:

• Discussed 4-1 &  Least-Cost Rule & Profit Maximizing Rule & Discussed Activity 4-2
  (on Least Cost/Profit Max Rules)


• ------------------------------------------
• Begin to Review:
   JSlo Video (Factor Markets #2 :  Monopsony  (7:48)
  
• Define Monopsony
• Monopsonistic Labor Market (fig. 4-5)
• Labor Market Comparison
  (Perfect v. Monopsony)
• Compare & Contrast wages in a Perfectly Competitive Labor Market and a Monopsonistic Labor Market & reviewed wage determination in a competitive labor market
• Work in class on Activities 4-3 & 4-4

Homework:

• Study for Unit 4 Factors Markets Quiz
  

• Practices quizzes in AP Classroom
  

• Practice Quizzes on Textbook Site

 

• Remember the Rules!

previous month's plans

Tuesday
11/30

Activities:

• Remember the Rules!
• Unit 4 Factor Markets Quiz
• 
  

Homework:

• ----------------------------------------
Complete Activity 4-5
• Watch: JSlo Video (Factor Markets 3: Unions & Minimum Wages) (15:57)
  
• 
  
  

Wednesday
12/1

Activities:

• (Block)  
• Discuss: JSlo Video (Factor Markets 3: Unions & Minimum Wages) (15:57)
  
• MRP as resource demand schedule
Vis 4-5 (Monopsony)
• Minimum wage impact in an Perfectly Competitive Labor Market and a Monopsonistic Market (showed examples of how in Monopsony a surplus OR a shortage of labor could result)
• Examples of:
  Minimum Wage in both types of Markets
  
• APC FRQs
  
• "Union Day" Inclusive, Exclusive (Craft), and Demand Enhancement
• Impact of Unions on Wages

• Completed & Discussed first 2 of
  Factor Market Practice FRQs

  
  

Homework:

Required

• Complete 3rd
  Factor Market Practice FRQ

  
  Complete 4-6 & 4-7
  
• Study for Unit 4 Factors Test
  Next Monday
  
• Micro Unit 4 Answers to MC

Additional

• Practice Quizzes on Textbook Site

• Demand for Resources Quiz (ed. 19-12)

• Wage Determination (Quiz (ed. 19-13)

Thursday
12/2

Activities:

• (Block) No Class
  
  

Homework:

• Practice FRQs for the test include
  but are not limited to:
  2010 #2 - 2010 B #2 -
• Micro Unit 4 Answers to MC
  

Friday
12/3

Activities:

• Discussed 3rd Factor Market Practice FRQ

• Review Activities 4-6 & 4-7
  
• Go Over 3rd FRQ 2011 #2 (Answer)
• More AP Classroom FRQ practice
  

Homework:

• Study for Factor Markets Test
  
• JSlo's 3 Factor Market Videos

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calendar

Monday
12/6

Activities:

• Unit 4 Factor Markets Test

Homework:

Required

• Watch JSlo Intro Video (5:54) for Unit 6 Market Failures & Government's Role

  Print out all Visuals for Unit 5
  
  
• ACDC Videos:
  
• ACDC Micro Unit 6 Intro - Market Failures & the Economics (2:32)
• ACDC Micro 6-1 Negative Externalitites (2:32)
• ACDC Micro 6-2 Positive Externalities (2:42)

Tuesday
12/7

Activities:

• Introduce Unit 5 The Role of Government
  (Unit 6 in APC: Mkt Failures & Role of Gov't)
• Visual 1 The Economic Functions of Economics
• Worked on & Discussed Activity 5-1
• Pure Private Good & Pure Public Good
  
• Exclusion and Non-Exclusion
  and Shared Consumption (Non-rivalrous)
• Introduction to Market Failures & Gov't Role in Economy

Homework:

• Watch JSlo Video on Coase Theorem (5:26)
   
• Complete Activity 5-2
  

Wednesday
12/8

Activities:

• Externalities & DWL
  
• --------------------
• Discuss Activities  5-2 , 5-3 & 5-4  
• Visual 2 Illustrating a Negative Externality
• Visual 3 Illustrating a Positive Externality
• MSC (Marginal Social Cost) &
  MSB (Marginal Social Benefit) &
  MPC (Marginal Private Cost) &
  MPB (Marginal Private Benefit)
•  

Homework:

• Per Unit vs. Lump Sum Tax
• Complete Activity 5-3 & 5-4

Thursday
12/9

Activities:

• (Block)  No Class
  
  

Homework:

Friday
12/10

Activities:

• (Block)  
• Quiz on Unit 5 (Externalities & Public/Private Goods)
  
• Coase Theorem (Very Beautiful Lodge)
  
• Review:
  
• Impact of Lump-sum or Per-unit Tax/Subsidy
   
• Lump Sum vs. Per Unit Tax (picture)
• Lump Sum & Per Unit Tax/Subsidy  
  (ACDC Video)  (2:03) ........VERY GOOD
  
• Tax Day !
• Mentioned Activity 5-7
• 
  
• Graphs in text on pp. 348-349 concerning elasticity of demand & supply curves & their relationship to tax incidence (burden,,,,Who Pays the tax)
  
• Differentiate between:
   Benefits Received & Ability to Pay Taxes
  
• also differentiate between
  Progressive & Proportional & Regressive  Taxes
  
• Recall Activity 2-6 dealing w/ Elasticity
  
• Tax Definitions (on board in class)
  
• Visual 5 Tax Incidence and Elasticity and Demand
  
• Taxes & Tax Incidences

Suggested Review Items & Sources

• passed out practice tests:
   2010 MC Test w/key (2010 Answers) &
   2008 MC Test  w/key (2008 Answers)
  
• Micro Review (Slideshow)
  
  
• List of Sites for practice MC Questions
  
• Must Know these Micro Graphs
  

Homework:

• Great Review List

• Study for Full Test (2 FRQs on Monday)