AP Economics

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Monday
9/11

Activities:

Homework:

return to previous month's plans

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Tuesday

Activities:

Homework:

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Wednesday

Activities:

Homework:

  • Complete Activities: 2-7 & 2-9
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Thursday

Activities:

  • (3rd Block) see yesterday
  • (1st Block) No Class

Homework:

  • Complete Activities: 2-7 & 2-9
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Friday

Activities:

  • Special Person's Day (lose part of 1st also)
    (juniors only during 3rd)

  • Juniors will be learning so they can take test on Monday
  • Tax Incidence (Who Bears the burden of the tax)
  • Circular Flow (diagram)
  • Overview of Unit
    (includes all activities from Unit 1 & 2)

Homework:

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Monday

Activities:

  • Juniors:  Unit Test on:  
    Basic Concepts/
    Nature &
    Function of Markets

  • (includes all activities from Unit 1 & 2)
  • Seniors will be learning so they can take test tomorrow (Tuesday)
  • Deadweight Loss
  • Circular Flow (diagram)
  • Review 2-6 & 2-7 & 2-9
  • Overview of Unit

Homework:

return to previous month's plans

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Tuesday

Activities:

  • Junior Day (all juniors out)
  • Seniors:  Unit Test on:  
    Basic Concepts/
    Nature &
    Function of Markets

Homework:

  • none
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Wednesday

Activities:

Homework:

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Thursday

Activities:

  • (3rd Block) see yesterday
  • Begin 3-1 & 3-2

  • (1st Block) No Class

Homework:

  • see yesterday


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Friday

Activities:

Homework:

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Monday

Activities:

Homework:

  • Finish Activity 3-4
  • Study for Quiz on Ch. 22
    (Costs of Production Quizzes)
    available on Bb

 

 

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Tuesday

Activities:

  • Discuss Activity  3-4
  • -----------------------------
  • Quiz on Ch. 22 (Costs of Production)
  • pass back tests

Homework:

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Wednesday

Activities:

  • (1st & 3rd Block)  Surprise!!!!
  • (3rd Block) 
  • -------------------------------

Homework:

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Thursday

Activities:

  • (1st & 3rd Block)  No Class

Homework:

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Friday

Activities:

Homework:

  • Begin to Read Chapter 23 Pure Competition ( at least pp.467-477)

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Monday

Activities:

Homework:

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Tuesday

Activities:

Homework:

  • Complete through Activity  3-7
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Wednesday

Activities:

Homework:

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Thursday

Activities:

  • (3rd Block) see yesterday
  • -------------
  • (1st Block) No Class
  • MR=MC Rule
  • [Rule #1: MR=MC Rule,
    Rule #2: Price on Demand Curve at        Profit Max Q,
    Rule #3: TR= or > TVC]
  • ---------------
  • Graph Practice Sheet
  •  [MR=MC Rule, Price on Demand Curve at Profit Max Q, TR= or > TVC]
  • Zero Profit=Zero Economic Profit
  • AR=MR=P=D for a firm in a perfectly competitive market (Mr. P AR D)
  • MC curve above AVC is individual firm's supply curve
  • Vis 3-6 (Profit, Loss, and Shut-Down)
  • Shutdown Point
  • A Firm at LR Equilibrium has many relationships, for example:

    MR=MC,            MC=Min ATC, MR=P=AR=D,    P=Min ATC,
    P=MC,                AR=ATC,
    Zero Economic Profit = Normal Profit
    Productive Efficiency,   Allocative Efficiency

Homework:

  next month's plans
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Friday

Activities:

  • Perfect Competition Attack!!!
  • What happens in a Perf Comp. Mkt when Economic Profits are being earned?
  • What happens in a Perf Comp. Mkt when Economic Losses are occurring?
  • Went over example of firm in PC developing production improvement ahead of industry
  • Go over 3-6 & 3-7 Answers
  • Productive Efficiency & Allocative Efficiency
  • Zero Profit=Zero Economic Profit= Normal Profit
  • Jason Welker YouTube Channel

Homework:

  • Complete Activity 3-8 & 3-9
  • Make sure your Unit 3 Visuals are with you in class on Monday or you will be assessed a 2 point penalty on your next Quiz !
  • Quiz on Tuesday

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Monday

Activities:

  • Differentiated b/t Long Run Equilibrium & Short Run Equilibrium in a Perfectly Competitive Mkt.
  • MC curve above AVC is individual firm's supply curve
  • Discussed difference b/t a Constant Cost Industry and Increasing Cost Industry and the effect on LR Supply in Industry

    Also briefly mentioned a "Decreasing Cost Industry" (computers in '90s when technology improved at a greater rate than Demand leading to lower costs as Quantity increased)
  • Discuss Activity 3-8

Homework:

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Tuesday

Activities:

Homework:

  • Study for Quiz on Perfect Competition
  • Remember the 3 Rules:
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Wednesday

Activities:

  • (1st & 3rd Block) 
  • Quiz on Perfect Competition
 
  • "Monopoly Day #1"
  • Began Chapter 24 Monopoly PPT
  • Characteristics of Monopoly: Single Seller, No Close Substitutes, Price Maker, Barriers to Entry, Non-Price Competition
  • Explained why MR<D (Price)
    for a monopolist  (Page 499)
  • Why is P>MR for a Monopolist?
  • 3 Rules of Production:  Huge!!!

Homework:

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Thursday

Activities:

  • (1st & 3rd Block) No Class

Homework:

next month's plans
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Friday
 

Activities:

  • No School (Fall Break)

Homework:

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