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AP Economics. Mr. Bernstein Class Outline September 4, 2014. AP Economics Mr. Bernstein. Overview This is a course in theory and the economic way of thinking more than application-based course

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AP Economics

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Ap economics

AP Economics

Mr. Bernstein

Class Outline

September 4, 2014


Ap economics mr bernstein

AP EconomicsMr. Bernstein

Overview

This is a course in theory and the economic way of thinking more than application-based course

First AP Econ course was offered in 1989. 2,583 students took the Micro test and 3,198 took the Macro test.

In 2012, 62,351 students took the Micro test and 99,903 too the Macro test. (CGR = ???)

Over 3,300 high schools offer AP Micro and over 4,000 offer AP Macro (vs 13,000+ offering AP Calc and 12,000+ offering AP US History)


Ap economics mr bernstein1

AP EconomicsMr. Bernstein

Overview

Average AP scores:

80-100A

65-80B

50-65C

40-50D

2012 mean scores were 3.0 and 2.8

2012 students were ~60% male and ~80% seniors


Ap economics mr bernstein2

AP EconomicsMr. Bernstein

Course Goals

Explain Microeconomic principles such as supply and demand, laborers and wages, and market structures

Explain 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 them

Attain the necessary knowledge and skills to successfully take the AP Economics Exam


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AP Economics Mr. Bernstein

  • 1. Course Outline

    • Marking Periods 1-2: Microeconomics

    • Unit 1: Basic Economic Concepts

    • 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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AP Economics Mr. Bernstein

  • 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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AP Economics Mr. Bernstein

  • 2. Resources

    • Textbook: Krugman’s Economics for AP, 2011, Ray and Anderson

    • Reffonomics.com Economics University self-paced quizzes

    • Council for Economic Education AP Economics Activities

    • Previously released AP Economics test questions

    • others


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AP Economics Mr. Bernstein

  • 3. Classroom Routine

    • Daily Structure

    • Behavior

    • Electronic Devices

  • 4. Grading

    • 20% Exams / 40% Quizzes/ 20% Homework / 20% Class Participation

    • Quiz corrections, Extra Credit may be offered

    • MP4 has only one quiz plus AP Exams

  • 5. Makeup Policy

    • Tests and Quizzes must be made up following day

    • Plan ahead


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AP Economics Mr. Bernstein

  • 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. Business Academy

    • C. FBLA


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AP EconomicsMr. Bernstein

  • 8. The AP Exams

    • Each test is 2 hours and 10 minutes

    • Test dates are Thur. May 14, 12 noon (Macro) and Fri. May 15, 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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AP Economics Mr. Bernstein

  • 8. Evacuation Procedure


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