Unit 3 Notes in Advance

Below are all the notes for our next unit. I highly suggest printing them out and bringing them to class before we take the notes. It will help you spend more of your in-class mental energy on learning the concepts rather than trying to furiously writing everything down. Additionally, there are many practice problems (multiple choice and FRQs) that we may not have time to do in class. 

All notes are listed in the order we will be discussing them

Costs of Production

1. Production and Diminishing Marginal Returns
2. Revenue and Profit
3. Short-Run Costs of Production
4. Long-Run Costs of Production

Perfect Competition 

1. Perfect Competition in the SHORT-RUN
2. Perfect Competition in the LONG-RUN
3. Perfect Competition and Efficiency

Friday, September 28th

Agenda:

1. Stamp HW (A#16)
2. Intro to Unit 3
3. Production and Diminishing Marginal Returns

Thursday, September 27th

Agenda:

1. Stamp HW (A#15)
2. Intro to Costs
3. Marshmallow Towers

Homework:

1. Read/Notes Mod. 52,54 (A#16)

Wednesday, September 26th

Agenda:

1. Unit 2 Test Corrections

Agenda:

1. Understanding Costs and Joslin's Costs of Doing Business (A#15)

Tuesday, September 25th

Agenda:

1. Unit 2 Exam

Monday, September 24th

Agenda:

1. Review
• Price Controls (Price Ceilings and Price Floors)
• Utility Maximizing FRQ
• Unit 2 FRQs
• Practice Test

Homework:

1. Unit 2 Test tomorrow
• Check out review videos on previous post

Unit 2 Review Videos

I have a friend who also teaches AP Economics in San Diego county. In his spare time he has put together a great YouTube channel with short videos of himself explaining the most important concepts for each unit. 

Warning...he has a ton of energy and talks very fast. His hyperactivity can be a little much if you're not ready for it.

Check out the site HERE for his Unit 2 videos. 

Hope it helps as you prepare for your test!

Friday, September 21st

Agenda:

1. Return Notebooks
2. Consumer Choice and Utility Maximization

Homework:

1. Unit 2 Test Tuesday

Thursday, September 20th

Agenda:

1. Total Revenue Test Practice Questions
2. Notebook Check
3. Consumer Choice and Utility Maximization
4. Unit Review

Homework:

1. Unit 2 Test Tuesday

Wednesday, September 19th

Agenda:

1. Elasticity of Demand

Homework:

1. Read/Notes Mod. 51 (A#14)
2. Notebook Check A#6-14
3. Unit 2 Exam Tuesday

Tuesday, September 18th

Agenda:

1. Stamp HW (A#12,13)
2. Review Consumer and Producer Surplus
3. Elasticity of Demand

Homework:

1. Notebook Check Thursday
2. Unit 2 Exam Tuesday

Monday, September 17th

Agenda:

1. Voluntary Exchange, Consumer and Producer Surplus
2. Activity - The Pearl Exchange (A#12)

Homework:

1. Finish (A#12)
2. Read/Notes Modules 46,47 (A#13)

Friday, September 14th

Agenda:

1. Read/Notes Mod. 49 (A#11)

Thursday, September 13th

Agenda:

1. Stamp HW (A#10)
2. Unit 2 FRQ Test

Homework:

1. Bring textbook to class tomorrow

Wednesday, September 12th

Agenda:

1. Shifting Supply and Demand Practice
2. Price Controls and Double Shifts
3. Supply and Demand Analysis Practice Handout

Homework:

1. Supply and Demand Analysis Practice Handout and Read/Notes for Module 8 (A#10)
2. FRQ Test tomorrow

Tuesday, September 11th

Agenda:

1. Equilibrium Review
2. Shifting Supply and Demand

Monday, September 10th

Agenda:

1. Supply and Shifters of Supply
2. Equilibrium

Homework:

1. Read/Notes Mod. 7 (A#9)

Friday, September 7th

Agenda:

1. Supply and Shifters of Supply

Thursday, September 6th

Agenda:

1. Changes in Supply Practice (A#8) - Complete both of the following
• Supply Headlines
• Supply of Baseball Bats
2. Use these notes to help Supply

Wednesday, September 5th

Agenda:

1. Stamp HW (A#7)
2. Demand Shifting Practice
3. Begin Supply

Tuesday, September 4th

Agenda:

1. Graphing Demand
1. Determinants of Demand
2. Shifting Practice

Homework:

1. Read/Notes Module 6 (A#7)