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 list
Reasons for Changes in Supply and Demand
Let's review changes in Supply and Demand. Please access all the activities under the Reasons for Changes in Supply and Demand material on Google Classroom. You will find it under the Demand and Supply topic.
Equilibrium Price and Quantity
After all this movement of Supply and Demand Curves, let's get them back to equilibrium. Please grab the activity under Market Equilibrium and Consumer and Producer Surplus (2.6).
Consumer and Producer Surplus
Who wins in all these transactions in the marketplace? The consumer? The producer? And by how much? Let's look at Consumer and Producer Surplus.
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Your to-do list
Please take out your notes on Elasticity.
Elasticity Practice
Let's put all this work to the test with some practice questions on elasticity. Please head to Google Classroom
What's next
Friday, 10/29- Market Equilibrium and Consumer Surplus (2.6)
Tuesday, 11/2- Market Disequilibrium and Changes in Equilibrium (2.7) Thursday, 11/4- Government Intervention in Markets (2.8) Monday, 11/8- International Trade and Public Policy (2.9) Wednesday, 11/10- Unit 2 Review Day, Second Half of the Unit 2 Ultimate Review Packet due Monday, 11/15- Unit 2 Exam, Unit 2 Graphing Test due Elasticity, Part 2: Elasticity of Supply (2.4), Income Elasticity (2.5), and Cross Price Elasticity10/25/2021 Your to-do list
Elasticity of Supply, Income Elasticity, and Cross Price Elasticity
We've already learned about Elasticity of Demand. Let's find out how other elasticities will show
Elasticity Practice
Let's put all this work to the test with some practice questions on elasticity. Please head to Google Classroom
Your to-do list
Elasticity (2.3, 2.4, & 2.5)
What do all these artists have in common? They like to sing about different types of elasticity. Let's use them to learn more about the concept.
What's next
Friday, 10/22- Unit 1 Exam Mulitple Choice retakes due
Monday, 10/25- Quiz on Demand (2.1), Supply (2.2); finish Elasticities and begin work on Market Equilibrium and Consumer and Producer Surplus (2.6) Your to-do list
Please take out your work from the Pearl Exchange that we engaged in during the last class.
Supply and Demand Speed Dating
Let's do a quick review of some of the topics we covered regarding supply and demand. Each of you will go on three "dates" with your classmates to discuss various topics. As you engage in these conversations you will complete your Speed Dating Evaluation where you will record the information you gather.
Please head to Supply and Demand Speed Dating on Google Classroom to access the evaluation. Shopping Spree
What will you purchase no matter how much the price for it changes? This means you won’t buy less of it because the price went up but also that you won’t buy more of it because the price went down.
Please post your ideas at the Shopping Spree question on Google Classroom. Elasticity of Demand (2.3)
If prices change, how much will your demand change? Let's learn about Elasticity of Demand to find out.
What's coming up
Thursday, 10/21- Elasticity of Supply (2.4) and Other Elasticities (2.5)
Friday, 10/22- Unit 1 Exam Mulitple Choice retakes due Monday, 10/25- Quiz on Demand (2.1), Supply (2.2), and Elasticities (2.3, 2.4, and 2.5); begin work on Market Equilibrium and Consumer and Producer Surplus (2.6) Your second chance at our first exam
Here is your opportunity to improve your grade on our exam.
First, on the multiple choice section you will be able to retake that section of the exam. I will look to see which questions you have now answered correctly and provide you with 50% of the points you earn on this second round. The multiple choice retake is due on Friday, October 22nd. Second, for the FRQ section you will now retake that section of the exam with your classmates. You will submit one response to me as a class. I will then average your score with the one that your class receives. Please note, you cannot lose points on these activities; you can only gain them. The Pearl ExchangeSupply Chain Issues
We've discussed worldwide supply chain issues in class a little. The New York Times' podcast, The Daily, had a great episode on it this morning. You can listen to it here.
Supply and Demand Speed Dating
Let's do a quick review of some of the topics we covered regarding supply and demand. Each of you will go on three "dates" with your classmates to discuss various topics. As you engage in these conversations you will complete your Speed Dating Evaluation where you will record the information you gather.
Please head to Supply and Demand Speed Dating on Google Classroom to access the evaluation. Your to-do list
Demand and Supply
Let's begin by wrapping up our notes on Demand and Supply.
Once we have completed that, we'll take some practice questions together to see how well you have grasped the information. Don't be surprised if there are some questions about supply and demand that I ask you as you enter class on Friday. Up next...
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March 2024
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