ECONOMICS SCHEDULE 2016

UNIT I: Economic Concepts

 

The AP Gov’t and Politics/Economics Course begins with topic of basic economic concepts that are used in the study of economics. The main question presented will simply be: “ What is Economics?” We will look at the different economic systems: Market, Traditional, and Command and we will discuss the different types of business organizations and economics institutions. 


Unit One Objectives:  Students understand common economic terms and concepts and economic reasoning.
1. Examine the causal relationship between scarcity and the need for choices
2. Explain opportunity cost and marginal benefit and marginal cost
3. Distinguish the difference between monetary and non-monetary incentives and how changes in incentives cause

    changes in behavior.
4. Identify the purpose of economics and the different economic schools of thought.
5. Evaluate the role of private property as an incentive in conserving and improving scarce resources, including

    renewable and non-renewable natural resources
6. Analyze the role of a market economy in establishing and preserving political and personal liberty (e.g., through the

    works of Adam Smith). 

Unit activities will include:
Lectures: Meaning of Economics/Scarcity, Why Government? Economic Systems, Prominent Economists Philosophers
Discussions: Opportunity Cost

Writing/Analysis: Frequent FRQs
Group Projects: Intro Shark Tank- planting the seed
Simulations: Scarcity, Circular Flow Activity
Videos clips: (Many)

                                                                                                                                                                                               

Table of Contents                                                                                                       Back to AP Gov’t Unit III

 

 

DATE

CLASSWORK

HOMEWORK

THU.

11/3

Get Econ Books

TEST Unit II and III

Finish lecture: Scarcity (#6)

 

Start Lecture: Basic Economic Concepts (#7)

·         Read pgs. 5-14, and 22

·         Complete pg. 3&4 in Student Study Guide (SSG) (#8)

·         Prep Gov’t binders- they will be checked collected by Wed!

 

·         Prep Economics binder- Print Unit I Schedule (#5) (This Page!) and place behind first divider. Binder Check Thu/Fri

 

·         Remember to takeout #1-4 from your AP Gov’t Binder and place it into your Econ binder.

MON.

11/7

 Factors of Production Practice (5min) (#9)

 

Lecture Basic Economic Concepts (#7) (up to Opportunity Costs)

 

Opportunity Costs Activity Candy 

in  powerpoint slides (5minutes)

 

Continue Lecture Intro Economics: Economic Choices and Decision Making (#10)

Stop on Slide 13

 

 

·         Prep binders- they will be checked!

·         Complete pgs. 5-7 in SSG (#11)

·         Here is the Unit 1 Studyguide (#17)

WED.

11/9

Continue Lecture on Comparative Advantage

 

Comparative Advantage Activity w/dumplings vs. cookies (#12)

 

 

 

·         Reading on Babe Ruth article (#13)

 

·         Read Chpt. 2 by test FRI. 11/18

FRI.

11/11

VETERAN’S DAY- NO SCHOOL!

MON.

11/14

Finish Lecture up PPC

 

PPC practice problems W/S (#14)

 

Mini Lecture: Economic Systems (#15) (35 minutes) Role of Entrepreneur

 

·         Read Economic Schools of Thought (#16)

·         Study for Quest

WED.

11/16

Mini Lecture: Economic Systems (#15) (35 minutes) Role of Entrepreneur

 

Case Example: Bloomberg Game Changers JayZ video(25 minutes)

 

Review for Quest (20 minutes)

 

·         Study for Quest on Friday: Here is the Unit 1 Studyguide  (#17)

FRI.

11/18

 

Opportunity Cost Practice (15minutes)

 

Quest Unit I (40 minutes)

 

Shark Tank Info (#19)

 

Demand Lecture (#20)

Candy Bar*

Demand Elasticity

 

 

 

·         GO TO Unit II Schedule  and Print. Place behind Unit Divider in your Binder (#18)

·         Read pgs. 31-35

·         Do pgs. 21-22 in SSG (#21)