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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Please access the notes on Short-Run Production Costs (3.2),
Short-Run Production Costs (3.2)
There are all sorts of costs associated with running a firm. Today we'll learn about them, how to calculate them, and how they interact.
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Your to-do list
The Production Function (3.1)
How much should a firm produce? It all starts with the Production Function.
Your homework
Your to-do list
Your homework
While I officially am assigning no homework over Thanksgiving break, know that we will pick up with the Production Function (3..1) on Tuesday, 11/28. The Edpuzzle will be posted for it but I understand if you do not complete it by then.
Please give yourself some time off over the next few days. Happy Thanksgiving!Your to-do list
What's coming up
Your to-do listPlease take out the notes on International Trade and Public Policy (2.9) International Trade and Public Policy (2.9)So far we've only focused on domestic markets. What happens in the marketplace when we begin to consider what foreign competition will do to it. Your homework and what's coming up
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The Effects of Government Intervention in Markets (2.8)Let's continue to examine what good or harm government intervention can do to the economy. International Trade and Public Policy (2.9)So far we've only focused on domestic markets. What happens in the marketplace when we begin to consider what foreign competition will do to it. Your homework and what's coming up
Your to-do listPlease make sure you have the notes on Market Disequilibrium and Changes in Equilibrium (2.7) & The Effects of Government Intervention in Markets (2.8). Market Disequilibrium and Changes in Equilibrium (2.7)What happens when supply doesn't line up with demand? Even though markets are supposed to head towards equilibrium they don't always do so. See if you can brainstorm a few. If it helps, think about goods and services that can be resold for a new price. The Effects of Government Intervention in Markets (2.8)
Your homeworkPlease make sure that you have completed the Topic Questions on 2.7 and 2.8 and the Edpuzzle on 2.9.
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Please take out your notes on Consumer and Producer Surplus from the last class and access the ones on Market Disequilibrium and Changes in Equilibrium (2.7) from Google Classroom.
Market Equilibrium and Consumer and Producer Surplus (2.6)
Who wins in all these transactions in the marketplace? The consumer? The producer? And by how much?
​Graphs are going to start getting messy, Market Disequilibrium and Changes in Equilibrium (2.7)
What happens when supply doesn't line up with demand? Even though markets are supposed to head towards equilibrium they don't always do so. See if you can brainstorm a few. If it helps, think about goods and services that can be resold for a new price.
Your homework
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March 2024
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