AP Economics
Economics isn’t just something you find in a textbook. It can be a potent tool to right past wrongs and improve people’s lives. - Janet Yellen
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Your to-do listPlease prepare to take our Unit 3 test. It will be posted on Google Classroom shortly. Your to-do listPlease submit a blank copy of the Unit 4 Study Guide from Ultimate Review Packet to Google Classroom for our next class.
Your to-do listPlease make sure you have access to the Unit 3 Progress Check MCQs and FRQs. Unit 3 Exam on ThursdayYour to-do listPlease take out your notes on Perfect Competition. We'll begin class by wrapping up this topic and then move on to reviewing Unit 3. Unit 3 Multiple Choice Progress CheckPlease grad the Unit 3 Multiple Choice Progress Check from Google Classroom. You'll find it under the Unit 3 Assessments topic. Let's start our review of Unit 3 there. What's nextFriday, 1/21- Unit 3 Review Day-- We'll focus on some FRQs. Don't forget your Graphing Test and Study Guide are due today.
Tuesday, 1/25- Unit 3 Test Thursday, 1/27- Begin Unit 4 Your to-do list
Adam Smith would be thrilled that we are talking about our first market system today: perfect competition.
Please grab the notes and topic questions from Google Classroom. Don't forget what's coming up
Your Graphing Test and Study Guide for Unit 3 are due on Friday, 1/21. Be sure to get them in so I can count them on the Second Quarter.
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In the last class we discussed what firms should do in the short run regarding their levels of production. Today we'll switch to the long run and determine whether a firm should remain in the market or not. In other words, we'll answer the age old question from The Clash: Should I Stay or Should I Go?
Please take out the notes that we began the last class. A little review...
Let's head to Kahoot to see if you know when you should stay or when you should go.
Firms' Short-Run Decisions to Produce and Long-Run Decisions to Enter and Exit a Market (3.6)1/10/2022
When should a business stop producing? When should they pick up the pace? And when should they stay where they are?
When should a firm leave a market? When should they enter it? Today we'll learn the economics behind all of it. Please grab the notes and questions from Topic 3.6: Firms' Short-Run Decisions to Produce and Long-Run Decisions to Enter and Exit a Market (3.6). What's next
This week: Finish up Unit 3
Next week (Wednesday and Friday): Review for Unit 3 and possibly begin Unit 4 Unit 3 Graphing Test and the Unit 3 Review Packet: Due Wednesday, 1/19. Unit 3 Exam: Monday, 1/24 Your to-do list
Please grab the notes and Topic Questions on Profit Maximization from Google Classroom,
Profit Maximization
We learned about different types of profit the last class. Now let's learn how to maximize it.
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Types of Profit |
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