| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award Reff's Vitae |
| eGraphing Activities from Reffonomics.com |
| Microeconomics |
| Macroeconomics |
| Unit 1: Basic Economic Concepts |
| Unit 1: Basic Economic Concepts |
| Unit 2: Supply and Demand |
| Unit 1 (continued): Supply and Demand |
| NOTE: Macro students DO NOT have to know consumer surplus and producer surplus. |
| Unit 2: Economic Indicators |
| KEEP REFRESHING BROWSER: (last updated on Sunday, March 3, 2024) |
| NOTE: Macro students DO NOT have to know about the topic of Elasticity |
| NOTE: Macro students DO NOT have to know price ceiling and price floor. |
| Unit 3: National Income and Price Determination |
| Unit 3: Production, Cost, and Perfect Competition |
| You will see Unit 2: Topic 2.9 below, but it fits better in Unit 6. |
| Unit 4: Financial Sector |
| On graph below (The Best Graph), you can move the demand curve and show TR and then clear, TC and then clear, economic profit, and then clear. You can do the same thing with showing economic loss. You can show entry and exit. You can shift the supply curve and show the same things. You can draw a ATC curve and show shut down. You can show the supply curve = MC of the individual firm and so on. You can do lots of things with this graph. |
| NOTE: Inside the link below, students no longer have to know the difference between Classical and Keynesian Thought. |
| Unit 4: Imperfect Competition (Monopoly, Monopolistic Competition, and Oligopoly |
| Topics 4.4 and 4.5 are a HISTORY LESSONS of how Monetary Policy was administered prior to 2009. |
| 3 min. video + 3 M.C. questions |
| eTextbook Reading for Homework |
| NOTE: Inside the link below, this is a chapter on Imperfect Competition Market Structures. You can enlarge the interactive material inside this chapter. |
| NOTE: For the Monopoly vs. Perfect Competition Graph link below, set up the graph as a Monopoly and then drag the P line down to show the PC firms' market price (price takers). Perfectly Competitive Firms are allocatively efficient and produce the output where P = MC. Monopolies are allocatively inefficient and produce output where MR = MC. |
| Unit 5: Long-Run Consequences of Stabilization Policies |
| Unit 5: Factors Market |
| Topic 5.4 Fiscal Policy Government Debt and Government Deficit (GO UP TO TOPIC 3.8) |
| NOTE: Monopsony Factors Market Resources Below |
| Topics 5.1 - 5.4 Reffonomics Baseball: Factors Market (Labor Market) including a Monopsony Labor Market |
| Unit 6: Open Economy -- International Trade and Finance |
| Unit 6: Market Failure and Role of Government |
Topic 6.4 Gov. Intervention in Different Market Structures
| NOTE: Topic 2.9 -- The World Trade + Tariff Graph probably fits better in Unit 6 as this deals with Government Intervention in Different Market Structures. When this topic is located in Unit 1, it seems like a stand alone lesson and is probably best remembered by students if it occurs in the last lesson in Principles of Microeconomics as it is a great review on CS, PS, DWL, etc. |
| AP® Macroeconomics Aligned Ample Reserves Graphing and Flow Charts |
| On-Level Economics Course: Ample Reserves Graphing and Flow Charts |
| Topic 4.5 Money Market Graph is a graph NO LONGER USED when discussing Monetary Policy, but is still required on the AP® Exam. |
| AP® Macroeconomics Aligned Ample Reserves Graphing and Flow Charts |
| The graphing lessons below are best seen on a computer laptop. For some of the lessons, you might have to Zoom In or Zoom Out to see the entire lesson on your screen. |
| NOTE: Macro students DO NOT have to know the topic of Utility. |
| NOTE: Macro students DO NOT have to know the topic of Consumer Choice. |
| KEEP SCROLLING DOWN TO UNIT 6 |
| KEEP SCROLLING DOWN TO UNIT 5 |