c Week 5 -- Unit 2
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 5
Below are lessons for Unit 2: Topics 2.7 - 2.9 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
Day 1:  Week 5
Topic 2.7   Market Disequilibrium and Changes in Equilibrium
Day 2:  Week 5
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Topic 2.8   Effects of Government Interventions in Markets
                  (P Ceiling, P Floor)
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Day 5:  Week 5
Day 4:  Week 5
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eWorkbook Activities Interactive:
eVideos -- Short Videos:
eTextbook Reading:
TREVIEW for Topics 2.3 - 2.5
(3 min. or less, along with 3 multiple choice questions)
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Day 3:  Week 5
Topic 2.8   Effects of Government Interventions in Markets
                   (Taxes and Subsidies)
Topic 2.9  International Trade and Public Policy
(3 min. or less, along with 3 multiple choice questions)
Topics 2.3 - 2.5  REVIEW Effects of Government Interventions in Markets
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
P Floor and P Ceiling
Deadweight Loss
P Ceiling (Effective vs. Ineffective)
P Floor (Effective vs. Ineffective
P Ceiling (CS, PS, and DWL)
P Floor (CS, PS, and DWL)
Price Ceiling (Effective vs. Ineffective) Activity
Review:  Price Ceiling and Price Floor (Silent Movie)
Review:  Reffonomics Baseball (P Ceiling, P Floor, Per-Unit Tax)
Review:  13 Multiple Choice Questions on P Ceiling and P Floor
TEST YOURSELF 2.4:
TEST YOURSELF 2.4:
Price Floor (Effective vs. Ineffective) Activity
Shortage and Surplus Interactive Activity, Part I
Shortage and Surplus Interactive Activity, Part II
Shortage vs. Scarcity
(3 min. or less, along with 3 multiple choice questions)
Shortage and Surplus
2015 FRQ Micro #3 (Utility, P Ceiling, P Floor, Elasticity)
2015 FRQ Micro #3 Scoring Guideline (rubric)
World Trade and Tariff Graph Questions, II
World Trade and Tariff Graph Questions, I
World Trade & Tariff Graph
World Trade Graph, Part I
World Trade Graph, Part II
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
eREVIEW:  World Trade + Tariff
2012 Micro FRQ #3 World Trade + Tariff
Review Reffonomics Baseball:  World Trade and Tariff Graph
NEW Video:  World Trade + Tariff Graph
Silent Video:  World Trade + Tariff Graph
Per-Unit Tax (Silent Movie)
Per-Unit Tax and Elasticity of Demand
eWorkbook Activities Interactive:
eVideos -- Short Videos:
eTextbook Reading:
Per-Unit Tax (What Happens to the Price?)
Per-Unit Tax (Consumer and Producer Surplus)
Per-Unit Tax (CS, PS, and Deadweight Loss)
Per-Unit Tax (Elastic, Inelastic, and Tax Burden)
Per-Unit Tax (Elastic, Inelastic, and Tax Burden, Part II)
Per-Unit Tax (stand alone interactive teaching graph)
Price Floor and Price Ceiling (stand alone interactive teaching graph)
Price Floor and Price Ceiling Questions
Per-Unit Tax and Subsidy Questions
(3 min. or less, along with 3 multiple choice questions)
2012 Micro FRQ #3 Scoring Guideline (rubric)
Reffonomics Baseball Rules
Reffonomics Baseball Rules
Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
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News Article:  World Trade and Tariff Graph
News Article:  Price Ceiling Rent Controls
2014 FRQ Micro #3 (Per-Unit Tax)
2014 FRQ Micro #3 Scoring Guideline (rubric)