AP Economics
description
Transcript of AP Economics
AP Economics
Mr. Bernstein
Class Outline
September 2017
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AP EconomicsMr. Bernstein
OverviewThis is a course in theory and the economic way of
thinking more than application-based courseFirst AP Econ course was offered in 1989. 2,583 students
took the Micro test and 3,198 took the Macro test.In 2017, 41,321 students took the Micro test and 68,464
took the Macro test Over 4,000 high schools offer AP Micro and over 4,900
offer AP Macro (vs 14,000 offering AP Calc and 13,000 offering AP US History)
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AP EconomicsMr. Bernstein
OverviewAverage AP scores:
80-100 A65-80 B50-65 C40-50 D
2017 national mean scores were 3.00 and 3.19
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AP EconomicsMr. Bernstein
Course GoalsExplain Microeconomic principles such as supply and demand,
laborers and wages, and market structuresExplain Macroeconomic principles such as unemployment,
inflation, economic measurements, and the role of government in the economy
Understand how decisions by individuals and government affect the economy
Analyze economic models and draw conclusions from themAttain the necessary knowledge and skills to successfully take
the AP Economics Exam
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• 1. Course Outline– Marking Periods 1-2: Microeconomics– Unit 1: Basic Economic Concepts (2 quizzes)– Unit 2: Supply and Demand– Unit 3: Behind the Demand Curve: Consumer Choice– Unit 4: Behind the Supply Curve: Profit, Production & Costs– Unit 5: Market Structures: Perfect Competition & Monopoly– Unit 6: Market Structures: Imperfect Competition– Unit 7: Factor Markets– Unit 8: Market Failure and the Role of Government
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• 1. Course Outline, cont.– Marking Periods 3-4: Macroeconomics– Unit 1: Measurement of Economic Performance– Unit 2: National Income and Price Determination– Unit 3: Inflation, Unemployment and Stabilization
Policies– Unit 4: The Financial Sector– Unit 5: Economic Growth and Productivity– Unit 6: The Open Economy: International Trade and
Finance
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• 2. Resources– Textbook: Krugman’s Economics for AP, 2011, Ray
and Anderson– Reffonomics.com and Grokkingecon.com– Council for Economic Education AP Economics
Activities– Previously released AP Economics test questions– others
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• 3. Classroom Routine– Daily Structure– Behavior– Electronic Devices– Academic Integrity
• 4. Grading– 50% Quizzes/ 25% Homework / 25% Class Participation– Quarterly Exams as per school policy– Quiz corrections, Extra Credit may be offered– MP4 may have only one quiz plus AP Exam prep activities
• 5. Makeup Policy– Tests and Quizzes must be made up following day– Plan ahead
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• 6. EI (Extra Instruction)– A. Before or After school – arrange with me– B. Extra effort will be considered
• 7. Additional Opportunities– A. Investment Club– B. DECA– C. Business Academy
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AP EconomicsMr. Bernstein
• 8. The AP Exams– Each test is 2 hours and 10 minutes– Test dates are Wed. May 16, 12 noon (Macro) and Fri. May 18, 8
am (Micro)– 60 multiple choice questions (70 minutes)– 3 Free Response questions, 1 long and 2 short (10 minute
reading time plus 50 minutes to answer)– MC = 2/3 of grade– FRQ = 1/3 of grade– Average FRQ score is <50%
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• 9. Fire Drill Procedure
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• 10. Evacuation Procedure
AP Economics Mr. Bernstein