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
Your to-do listFirst thing we need to do is finish up Price Discrimination. Let's grab those notes as well as the ones on Monopolistic Competition (4.4) from Google Classroom. Monopolistic CompetitionLet's smash some market structures together. Let's take the low barriers to entry of perfect competition but add in the monopolistic side with some product differentiation. Throw in a few more ingredients and we get monopolistic competition. Don't like hugs. Let's check out some breakfast food options.
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Your to-do listPlease access the notes for Price Discrimination (4.3) on Google Classroom. Price Discrimination (4.3) Often firms that have market power miss out on sales because there are people who want the product but won't pay the price. But what if a company could change their prices for different consumers? Let's learn about Price Discrimination. Your to-do list
Different People, Different PricesPlease head to the Different People, Different Prices question on Google Classroom. Brainstorm as many examples as you can in which different people are offered different prices or different services just based on who they are. Price Discrimination (4.3)Often firms that have market power miss out on sales because there are people who want the product but won't pay the price. But what if a company could change their prices for different consumers? Let's learn about Price Discrimination. Your to-do listPlease take out your notes on Monopolies from the last class. Your to-do list
MonopolyEverything you thought you knew about markets is about to get twisted around, but I will promise it will all make sense. One firm that has total control over the market? How hard could it be? Well things aren't as easy for a monopoly as you might think. Your asynchronous to-do list
Hello AP Economists!
Congratulations on your snow day. Now here's the downer: the work you have to do. Since we aren't going to be able to work with monopolies together on Friday, I would like you to do some work on your own. I have posted Jacob Clifford's video on the topic through a platform called Edpuzzle. You should see the assignment under Topic 4.2 Monopoly in our Classwork tab. Watch the video through that link. It will stop at several points as it asks you questions. Please respond to them all and don't worry if you get them right or wrong. I hope that by having you watch this video, our conversation on Tuesday will be that much more fruitful. Just as an aside, I am considering offering these assignments on a regular basis (I already have the one for Topic 4.3 done.) as a way for you to generate more points and help us move through topics more efficiently. I welcome your feedback. Enjoy your snow day. This assignment shouldn't take more than ten to fifteen minutes. Your to-do listPlease try to join your classmates on the Promethean Board. The more of you we can get there, the better.
You will have a chance to re-do the Unit 3 FRQs today but before you can, you and your classmates must earn the right to by answering another set of FRQs correctly. |
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March 2024
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