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The class is organized by following the units in the Morton Activity book. There are five units
which are covered in both the Microeconomic and the Macroeconomic portions of the course. (Unit 1:
Basic Concepts is only covered in the 1st semester as all kids take the class both semesters) Each of
the units is supplemented with reading from the McConnell textbook. Reading notes for the chapters
are also provided for the students. Various ancillary materials from the McConnell text are used (i.e.
PowerPoint presentations, practice quizzes, key terms, and test banks). All of the notes and
ancillaries (except the test banks) are available to the students through the school blackboard site.
The class blackboard site is very extensive and contains many active links supplementing the class
lessons on various different concepts throughout the course.
Grades are determined primarily by tests and quizzes. Students receive approximately 7-10
grades per quarter. A class contribution grade is also included. Students are highly encouraged to
meet with the teacher as necessary for further instruction.
Course Planner
Full citations for all of the resources named in the calendars can be found in the “Resources” section
of this syllabus.
Activities: The activity numbers in the syllabus refer to the activities in John Morton’s Advanced
Placement Workbook (both the Microeconomics and Macroeconomics) which is published by the
National Council on Economic Education.
Teaching Strategies
The lecture-discussion format is widely utilized. Each unit includes reading from the text and
activities from the workbook. Most of the main concepts listed on the class website include active
links to definitions and graphs. All PowerPoint presentations are also available to the students via the
website. Students are required to actively participate in class in order to develop and reinforce their
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AP Economics
understanding of the subject matter. Students are encouraged to review the material in whatever
fashion works best for them (i.e. some prefer using the computer while others prefer using a
textbook).
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AP Economics
McConnell, Campbell R. and Stanley L. Brue. Economics: Principles, Problems, and Policies. 15th
ed. New York: The McGraw-Hill Companies, 2002.
Morton, John S. Advanced Placement Economics: Microeconomics. New York: National Council on
Economic Education, 2003. Two books: Student Activities and Teacher Resources Manual.
Internal Class website located on school Blackboard site (daily plans are also located here)
“A Market in Wheat” simulation published by the Joint Council on Economic Education 1988.
http://www.amosweb.com
http://reffonomics.com/
http://www.mhhe.com/economics/mcconnell15e/
Gwartney, James D., et al. Economics Private & Public Choice. 9th ed. Orlando: Dryden
Press, 2000.
Krugman, Paul, and Robin Wells. Economics. New York: Worth Publishers, 2006.
Mankiw, N. Gregory. Principles of Economics. 3rd ed. Cincinnati: Southwestern Publishing,
2004.
McConnell, Campbell R. and Stanley L. Brue. Economics: Principles, Problems, and Policies. 15th
ed. New York: The McGraw-Hill Companies, 2002.
Morton, John S. Advanced Placement Economics: Macroeconomics. New York: National Council on
Economic Education, 2003. Two books: Student Activities and Teacher Resources Manual.
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AP Economics
Internal Class website located on school Blackboard site (daily plans are also located here)
http://www.amosweb.com
http://reffonomics.com/
http://www.mhhe.com/economics/mcconnell15e/
Gwartney, James D., et al. Economics Private & Public Choice. 9th ed. Orlando: Dryden
Press, 2000.
Krugman, Paul, and Robin Wells. Economics. New York: Worth Publishers, 2006.
Mankiw, N. Gregory. Principles of Economics. 3rd ed. Cincinnati: Southwestern Publishing,
2004.
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Big Day for Learning!
Complete any unfinished reading
(Used Visual 1.1)
Opportunity Cost, Marginal Benefit (or Utility)
& Marginal Cost
Discuss Activity #2
passed out handout (pp. 3-6)
Production Possibility Curve
increasing, constant, zero opportunity costs
(used visual 1.2)
Scarcity & Factors of Production
Homework:
Activities: Homework:
(Block) No Class
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Introduce Unit 2 “The Nature and Memorize Demand Determinants (on p. 48)
Functions of Product Markets Complete Activity #10 & #11
"Demand Day" Part I
Law of Demand
Why Demand curve is Downward sloping (i.e.
Income Effect & Substitution Effect, Law of
Demand, & Law of Diminishing Marginal
Utility (DMU)
Factors (Determinants) affecting Demand
(visuals 2.2 & 2.3)
Activities: Homework:
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AP Economics
Effect)
define Consumer Surplus, Normal Good &
Inferior Good
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
(Block) "Game Day" Read pp. 404-415 in text (elasticity) if you haven't
Simulation: A Market in Wheat yet
Discuss the simulation
pass out handout on Demand & Supply
Determinants to be absolutely memorized so
they become automatic (see link)
Activities: Homework:
(Block) finish #16 Read pp. 404-415 in text (elasticity) if you haven't
"Elasticity Day" yet
demonstrate elasticity & inelasticity with Complete Activities 17, 18 & 19
meter stick & rubber band
Elasticity of Demand
(Total Revenue Test)
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
(Block) More Discussing & Review Study for test on Supply on Demand
(Unit 2)
Activities: Homework:
Activities: Homework:
Activities: Homework:
Introduce Unit 3: “The Theory of the Firm” Print out All Visuals for Unit 3 & place in
Forms of Competition Day notebook!
aka "Paper Airplane Day" Finish Reading Chapter 22
Define: Perfect Competition, Monopoly, Complete Activity #24
Oligopoly & Monopolistic Competition,
(Vis.1) Types of Market Structure
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Short Run vs. Long Run Read Chapter 23 Pure Competition (pp.478-
Implicit Costs, Explicit Costs, Normal Profit, 481)
Economic Profit, Accounting Profit refer to fig. Print out All Visuals for Unit 3 & place in
22-1 (p. 446) notebook!
Complete #28 & #29
Discussion Board in Blackboard (help each other)
Activities: Homework:
(Block) No Class (Senior Field Trip) Read Chapter 23 Pure Competition (pp.478-
481)
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
(Block) Discuss #28, #29, & #31 Read Ch. 24 pp. 493-503 (Monopoly)
Productive Efficiency & Allocative Efficiency Study for Quiz on Perfect Competition
Activities: Homework:
Activities: Homework:
Activities: Homework:
passed back Perfect Competition Quiz handout on Ch. 24 pp. 503-512 should be
Chapter 24 Monopoly PPT Read (or Mr. Slonim will be very
passed out Monopoly (Ch. 24) handout disappointed!)
Characteristics of a Pure Monopoly, Complete Activity #33 & #34
Natural Monopoly
Barriers to Entry
used Visual 10 Price and Marginal Revenue for a
Monopolist & Visual 11 The Profit-Maximizing
Position of a Monopoly
Begin explaining why MR<D (Price)
for a monopolist
begin explaining why Monopolist always operates in
the elastic portion of their demand curve
began #32
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
compared & contrasted Monopolistic Competition Study for Test on Theory of the Firm
with Monopoly & Perfect Competition Wednesday (MC in Block) & Thursday
Chapter 25 Monopoly & Oligopoly PPT (FR)
Visual 12 Short-Run and Long-Run Equilibrium of finish reading Ch. 25
Monopolistic Competition Complete #40-41 (Game Theory)
Excess Capacity Complete Activity #42 for review
Micro Unit 3 Answers to MC
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
(Block) Test on Theory of the Firm (MC) Read Ch. 27 (The Demand for
Resources) pp. 564-578
Complete # 43
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
pass back Unit 4 test & go over Print out all Visuals for Unit
Read Chapter 5 pp. 86-88
Read & Complete Activity #52
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
go through 2000 Micro Questions answers together Study for Graph Quiz & MC test for
Answers to 2000 Micro FR & Answers to 1998 Micro Micro
FR
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Review for Exam (students ask questions) Study for Semester Exam
pass back practice Test
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
(Basic Concepts have already been covered in Complete Activity # 10 & #11
st
the 1 Semester)
Begin Macro Unit 2: Measuring Economic
Performance
Activity #9, Complete & discuss
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
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Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Ch. 9 PPT (in Blackboard) "Consumption & Read Chapter 9 (pp. 187-194)
Savings Day" Complete #19 & #20
Major Determinants of Investment Demand (interest
rate & expected rate of return)
Determinants of Investment Demand Curve
introduce MPC & MPS dealing with Consumption &
45° line, (Consumption & Savings relationship)
Complete Activity #20
Discuss #20
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Complete activities 26, 27, and 28 Finish reading Ch. 10 pp. 213-218
Ratchet Effect (causes) Answers to Macro 27 Part C
Study for Quiz
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
introduce "Crowding Out" Effect & "Net Export Effect" Study for Unit 3 Aggregate Demand &
go over #33 in Activity book Supply: Fluctuations in Outputs &
decrease in taxes, brief explanation of Rational Prices
Expectations Approach, Supply Side Economics Macro Unit 3 Answers to MC
Activities: Homework:
(Block) Unit 3 Aggregate Demand & Supply: Read Ch. 13 pp. 272-275
Fluctuations in Outputs & Prices (Optional Reading pp. 265-272)
Activities: Homework:
(Block) No Class
Activities: Homework:
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AP Economics
13-2 p. 273)
define M1, M2, & M3 (#35)
Discuss #34:
Read & Complete #35
Activities: Homework:
Activities: Homework:
Activities: Homework:
Review Monetary Equation of Exchange (MV=PQ) Read Ch. 14 notes handout &
Discuss #36 Ch. 14 pp. 287-302 (if necessary)
Fed. Reserve video (30 min.) Complete #37 and try #38
Activities: Homework:
(Block) No Class
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Discuss Free Response #2 & Answer Finish Reading Ch. 15 pp. 314-324
Discuss #38 Complete #39
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Complete Activity #41 & then discuss Study for Unit 4 Test on Money,
the Fisher Effect Monetary Policy & Economic Stability
on Tuesday
Complete #42
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
distinguish sale of new Treasuries directly to Fed Study for Unit 5 Test
(Monetizing the Debt) [expansionary monetary] Macroeconomic Theories
Extended AS-AD Model Answers to Old Activity #49
Discuss Macroeconomic Theories Macro Unit 5 Answers to MC
discuss Factors that influence Economic Growth
[i.e. Rightward shift of the LRAS & PPC (vis. 5.3) ]
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Quotas, Tariffs & their direct & indirect economic Study for Quiz on Unit 6
impact Finish Activity #51
Visual 6.4 The Economic Effects of a Tariff
Visual 6.5 The Economic Effects of a Quota
Visual 6.6 Evaluating the Arguments for
Protectionism
Discussed Economic & Non-Economic reasons for
tariffs
export subsidies
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
Activities: Homework:
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AP Economics
Activities: Homework:
Activities: Homework:
Activities: Homework:
begin reviewing Micro Review Lists Complete the 2005 MicroFree Response
show kids Reffonomics website
Identify Major Graphs of Micro
Review List, Unit 3 Key Ideas, Unit 3 Review List,
Unit 4 Key Ideas, Unit 4 Review List, Unit 5 Key
Ideas, Unit 5 Review List
Activities: Homework:
go through answers to 2005 Micro Free Response Complete Micro Multiple Choice Test
Unit 1 Key Ideas, Unit 2 Key Ideas, Unit 2 Review
List, Unit 3 Key Ideas, Unit 3 Review List, Unit 4
Key Ideas, Unit 4 Review List, Unit 5 Key Ideas, Unit
5 Review List
Identify Major Graphs of Micro
Activities: Homework:
turn in Micro Multiple Choice Test Study for Macro Multiple Choice Test
pass back Unit 6 Macro test on Block Day (Wed. 7th & Thurs 2nd)
Emphasize important concepts & graphs for Macro
Unit 2 Key Ideas, Unit 2 Review List, Unit 3 Key
Ideas, Unit 3 Review List, Unit 4 Key Ideas, Unit 4
Review List, Unit 5 Key Ideas, Unit 6 Key Ideas, Unit
6 Review List
Activities: Homework:
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AP Economics
Activities: Homework:
(Block) (AP Eng.) Macro Multiple Choice Test Study for Macro Graph Test on Friday
Look at additional free response
questions (both micro & macro)
Activities: Homework:
Practice Macro Graph Test Please note that all answer links for
answers to Free Responses are now
active!
Practice Macro MC
Practice Micro MC
Activities: Homework:
Activities: Homework:
Activities: Homework:
(Block) Final Preparation............... Review whatever you feel you need the
Go over test format & hints for Free Response most.
Activities: Homework:
Activities: Homework:
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