Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
Unit 2:  Supply and Demand

• Topic 2.1   Demand
• Topic 2.2   Supply
                    Simultaneous Change in Supply and Demand
• Topic 2.3   Price Elasticity of Demand
• Topic 2.4   Price Elasticity of Supply
• Topic 2.5   Other Elasticity (Income and Cross Elasticities)
• Topic 2.6   Market Equilibrium and Consumer and Producer Surplus
• Topic 2.7   Market Disequilibrium and Changes in Equilibrium
• Topic 2.8   Effects of Government Interventions in Markets (P Ceiling, P Floor, Tariff, Quota)
• Topic 2.9   International Trade and Public Policy
(20% – 25% of the exam)
13 - 15 class periods
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Unit 2
Supply and Demand
Week 4
Below are lessons for Unit 2: Topics 2.3 - 2.6  aligned to the AP® Microeconomics CED.
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.

These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.

Link to the  
AP®  Microeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 2:  Supply and Demand.
Principles of Microeconomics
Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
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Day 1:  Week 4
Topic 2.3   Price Elasticity of Demand
Day 2:  Week 4
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Topic 2.4   Price Elasticity of Supply
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Day 5:  Week 4
Day 4:  Week 4
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eWorkbook Activities Interactive:
eVideos -- Short Videos:
eTextbook Reading:
Elasticity of Demand
Elasticity of Demand and Total Revenue
Elasticity of Demand Coefficient Formula
Elasticity of Demand Coefficient Example
Elasticity of Demand (20 multiple choice questions)
Elasticity of Demand (10 interactive questions)
Elasticity of Demand Coefficient (8 interactive questions)
Elasticity of Supply
Elasticity of Supply
Income Elasticity of Demand Coefficient Formula
Elasticity Questions (12 multiple choice questions)
Income and Cross Elasticity of Demand
Income Elasticity of Demand Coefficient Example
Cross Elasticity of Demand Coefficient Formula
Cross Elasticity of Demand Coefficient Example
eWorkbook Activities Interactive:
eVideos -- Short Videos:
eTextbook Reading:
eWorkbook Activities Interactive:
eVideos -- Short Videos:
eTextbook Reading:
Elasticity 10 Questions Activity
Elasticity (Simple Elasticity Coefficient) 8 Questions Activity
Reffonomics Baseball (Unit 2:  Topics 2.3 - 2.5) Elasticity
Review ALL of the Concepts of Elasticity
eWorkbook Activities Interactive:
Elasticity of Supply Activity
Calculating Elasticity of Supply Activity
TEST YOURSELF 2.5:
(3 min. or less, along with 3 multiple choice questions)
(3 min. or less, along with 3 multiple choice questions)
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Day 3:  Week 4
Topic 2.5   Other Elasticity (Income and Cross)
Consumer Surplus (CS) and Producer Surplus (PS)
Deadweight Loss
Individual Consumer Surplus
Market Consumer Surplus
Area of a Graph
Individual Producer Surplus
Market Consumer Surplus
Deadweight Loss
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
Topic 2.6  Market Equilibrium and Consumer and Producer Surplus
Calculate the Dollar Value of the Area of Total Expenditures
Calculate the Dollar Value of the Area of Consumer Surplus
Calculate the Dollar Value of the Area of Producer Surplus
Calculate the Dollar Value of the Area of Deadweight Loss
(3 min. or less, along with 3 multiple choice questions)
Topics 2.3 - 2.5  REVIEW
Reffonomics Baseball Rules
FRQ:
FRQ 2019 Micro #2 (Utility maximization, CS, PS, and Cross Elasticity)
FRQ 2019 Micro #2 Scoring Guideline (rubric)