| MICRO: Unit 2, Topic 2.7: Market Equilibrium, Disequilibrium, and Changes in Equilibrium (2 class periods) |
| MICRO: Unit 2, Topic 2.6: Consumer and Producer Surplus; Deadweight Loss (1 and 1/2 class periods) |
| MICRO: Unit 2, Topic 2.8: The Effects of Government Intervention in Markets (2 class periods) |
| Joel Miller FEE.org Curriculum Development Officer Taught AP® Economics at Forsyth County Schools, Georgia for 14 years John Morton Award for Excellence in Economic Instruction, 2020 AP® Economics Reader |
| FEE.org Presents |
| Fireside Chat 3 |
| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) AP® Economics Test Development Committee Member AP® Reader and Table Leader |
| Matt Pedlow Chelsea High School, Michigan Economics Educator for 16 years. John Morton Award for Excellence in Economic Instruction, 2018 AP® Daily Video Instructor, Reader, and Table Leader |
| Reff -- Cell Phone Graphing (1 minutes) |
Instructors
| (Foundation for Economics Education) |
| "Saving You Time by Teaching Online." |
Agenda for this evening Unit 2: Microeconomics -- Supply and Demand
*Joel Miller's Introduction (2 minutes)
*Joel Miller: Quantity Demanded, Demand, Quantity Supplied, Supply, Consumer
Surplus, Producer Surplus (15 minutes)
*Matt Pedlow: Government Intervention -- Shortage, Surplus, Price Ceiling, Price
Floor, Producer Surplus, Consumer Surplus, DWL (15 minutes)
*Steven Reff: Per-Unit Tax, Per-Unit Subsidy, and Price Elasticity of Demand, Other
Elasticities of Demand, and Supply Elasticity (15 minutes)
*Steven Reff: Activities Listed Below (7 minutes)
*Joel Miller's Wrap Up (3 minutes)
*Joel Miller's Introduction (2 minutes)
*Joel Miller: Quantity Demanded, Demand, Quantity Supplied, Supply, Consumer
Surplus, Producer Surplus (15 minutes)
*Matt Pedlow: Government Intervention -- Shortage, Surplus, Price Ceiling, Price
Floor, Producer Surplus, Consumer Surplus, DWL (15 minutes)
*Steven Reff: Per-Unit Tax, Per-Unit Subsidy, and Price Elasticity of Demand, Other
Elasticities of Demand, and Supply Elasticity (15 minutes)
*Steven Reff: Activities Listed Below (7 minutes)
*Joel Miller's Wrap Up (3 minutes)
AP® is a trademark registered and owned by The College Board®, which is not affiliated
with, and does not endorse, this website, reffonomics.com, Joel Miller, Matt Pedlow,
Steven Reff, or FEE.org.
with, and does not endorse, this website, reffonomics.com, Joel Miller, Matt Pedlow,
Steven Reff, or FEE.org.
| Current Events for Unit 1 Websites (1 minutes) |
Link to: fee.org/learning-center
| MICRO: Unit 2, Topic 2.4: Price Elasticity of Supply Topic 2.5: Other Elasticities (1 1/2 class periods) |
| MICRO: Unit 2, Topic 2.3: Price Elasticity of Demand (2 class period) |
| MICRO -- Unit 2: Supply and Demand |
| MICRO: Unit 2, Topic 2.1 Demand & Topic 2.2 Supply (4 class period) |
| Unit 2: Supply and Demand (13 to 15 class periods; 20 - 25% of exam) |
The below Enduring Understanding, Learning Objectives, and Essential Knowledge are from
the AP® Macroeconomics Course and Exam Description, Effective Fall 2020
(collegeboard.org).
*AP® and Advanced Placement are registered trademarks of The College Board® which is
not affiliated with online.reffonomics.com, FEE.org, nor does it endorse this Principles of
Macroeconomics Course Curriculum.
the AP® Macroeconomics Course and Exam Description, Effective Fall 2020
(collegeboard.org).
*AP® and Advanced Placement are registered trademarks of The College Board® which is
not affiliated with online.reffonomics.com, FEE.org, nor does it endorse this Principles of
Macroeconomics Course Curriculum.
Quantity Demanded and Quantity Supplied inside the CED: Qd: https://reffonomics.com/2022QdQuestions.html Qs: https://reffonomics.com/2022QsQuestions.html Demand and Supply Determinants: https://reffonomics.com/2022SupplyandDemandQuestions.html https://reffonomics.com/2022SupplyandDemandQuestions2.html (Teachers Create Your Own) Consumer and Producer Surplus https://reffonomics.com/2022BLANKshortagesurplus.html Simultaneous Shift in Supply and Demand: https://reffonomics.com/WBchapter3SupplyandDemandSimultaneous5QuestionsRAeconomics2021.html |
Shortage and Surpluses, Part I: https://reffonomics.com/2022ShortageSurplusQuestions1.html Shortage and Surpluses, Part II: https://reffonomics.com/2022ShortageSurplusQuestions2.html Price Ceiling and Price Floor: https://reffonomics.com/2022PfloorPceilingQuestions.html Effective Price Ceiling and Effective Price Floor: https://reffonomics.com/2022priceceilingfloor.html |
Per-Unit Tax and Per-Unit Subsidy (even though this comes later in the course, you might want to introduce this in Unit 2 as it will really help when you get to different market structures, rather than wait until TOPIC 6.4 The Effects of Government Intervention inDifferent Market Structures. Per-Unit Tax and Per-Unit Subsidy: https://reffonomics.com/2022PerUnitTaxandSubsidy.html Elasticity (Price Elasticity of Demand, Other Elasticities of Demand, and Supply Elasticity): https://reffonomics.com/firesidechat3Elasticity.html |
| Joel Miller (15 minutes): Topics 2.1, 2.2, & 2.6: Quantity Demanded, Demand, Quantity Supplied, Supply, Consumer Surplus, and Producer Surplus |
| Matt Pedlow (15 minutes): Topics 2.7 & 2.8: Shortage, Surplus, Price Ceiling, Price Floor, Producer Surplus, Consumer Surplus, and DWL |
| Steven Reff (15 minutes): Topics 2.3, 2.4, & 2.5 Elasticity (Price Elasticity of Demand, Other Elasticities of Demand, Supply Elasticity), Topic 2.8 & 6.2 Per-Unit Tax and Subsidy |
| Steven Reff (7 minutes): Describe Activities Below for Unit 2: Topics 2.1 - 2.8 |
| Joel Miller Introduction (2 minutes) |
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| Unit 2: Supply and Demand (13 to 15 class periods; 20 - 25% of exam) |
| Joel Miller Wrap Up (2 minutes) |