Advanced Location Microeconomics

 Advanced Placement Microeconomics Article

Advanced Placement Microeconomics

Instructor, Mrs. Peggy Take great pride in Study Notes to come with

Economics Concepts, Problems and Policies, 15th Ed.

Campbell McConnell Stanley Brue

AP MICROECONOMICS TERM PLAN Instructor, Mrs. Peggy Pride TEXTUAL CONTENT: Economics, Concepts, Problems and Policies, fifteenth Edition, McConnell and Brue Video: Econ U$A series with debate Class Activities: APIP workbook activities, encouragement and composing activities and other teacher-developed materials This semester-long course gives students a comprehensive understanding of the guidelines of economics that connect with the function of person decision-makers, both equally consumers and producers, within larger economical systems. This places principal emphasis on the nature and function of product marketplaces. It also examines factor marketplaces and the function of government in promoting greater productivity and collateral in the economy. Theme Timing (days) Chapters you, 2, 4, 6 Product One 8-12% of AP Basic Economical Concepts 9 Micro Test Scarcity and Opportunity Price Economic Devices: the Market Program Specialization and Comparative Edge 3, twenty, 21 20-30% of AP Micro Examination Unit Two Nature and Function of Item Market Supply and Require Ceilings and floors Elasticity and applications Models of customer choice 12-15

22, twenty-three, 24, 25 Unit Three 40-50% of AP Firm production, costs, revenues 40 Micro Examination Production costs Product Costs within diverse market structures Efficiency and government insurance plan toward not perfect markets twenty seven, 28 10-15% of AP Micro Examination 5, 35, 31 8-12% of AP Micro Test Unit 4 Factor Marketplaces Derived With regard to labor Reference Market Costs Unit Five Efficiency, income equity, the role of presidency Externalities Public Goods Circulation of Salary 10

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• It will have 6 major tests through the semester (two on third topic). There will be a final complete semester test. There will be zero exemptions. Composing and reinforcement activities will be a part of the classes. You can expect " quizzes" to each chapter during the course of each unit study. • It is expected that students will take the AP Microeconomics Exam planned in May. There will be a review materials package with review periods in the month of April to remember the principles and practice test materials.

AP Microeconomics Chapter One p. 3-14 Economics: social science concerned with the successful use of limited or hard to find resources to obtain maximum satisfaction of human material wishes. • Monetary perspective: a unique way of thinking about economic problems √ Shortage and Decision √ Realistic Behavior √ Marginal Considering: Costs and Benefits • Why Examine Economics? " The tips of those who claim to know the most about finance and personal philosophers, both equally when they are right and when they are really wrong, are more powerful than is commonly recognized. Indeed the world is ruled by tiny else. Useful men, who believe themselves to be quite exempt from virtually any intellectual influences, are usually the slaves of some defunct economist. ” John Maynard Keynes (1883-1946) √ Economics for Nationality Well-informed people will election intelligently Well-informed politicians will certainly choose wisely among alternatives √ Professional and Personal Application Entrepreneurs need an awareness of economic climate Problems are reviewed from sociable rather than personal viewpoint

Economic Methodology

PROCEDURES Policy economics is concerned with controlling or influencing economical behavior or perhaps its implications.

THEORETICAL ECONOMICS Theoretical economics involves generalizing about financial behavior. IDEAS FACTS Developing hypotheses which can be Gathering information and assessment hypotheses then tested against facts up against the facts to validate ideas Deductive Technique Induction Technique Descriptive Economics √ Based upon facts—observable and verifiable tendencies of selected data or subject matter √ Economists look at behavior of people and corporations engaged in the production, exchange, and consumption of goods and companies. Economic Guidelines (laws, models) √ Activity...


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