AP Review

In class students worked on previous AP exam problems.  Notes on the economic models you will need to be familiar with are linked below.
 
Notes - Microeconomic Models

Good Luck on the Exam.

Quiz - AP Review

In class I returned the Part II Exam that students completed on Thursday.  Remember when asked to Explain something on Part II of the exam, write a one to two sentence explanation. 

Afterwards, students took a review quiz on some of the topics we have been reviewing in class.  If you have not taken the quiz please do so ASAP-as it is a means of review.

For homework, complete the MC review and the 2 part II questions below.  We will again sum up the course on Wednesday. 


24 Multiple Choice Questions

2 Free Response Questions

Quiz Review/AP Review

In class we went over the quiz review sheet that was given out on Tuesday.  There will be a final quiz on four of the models (so know them all) on Monday that will be administered during class. If you are not here on Monday, you will have to find time to take the quiz before Friday of next week.

The answer key to the quiz review is linked below.

Quiz Review - Answer Key

Afterwards, students completed the 2009 Part II of the AP Exam.  If you were absent please complete and turn in for a grade ASAP.  I have linked the document below.

2009 Part II

For homework, study for the quiz and complete the 24 multiple choice questions that were given out in class and linked below.

HW - 24 Multiple Choice Questions for AP Micro Review

Review for AP Exam

In class we continued to work on review for the AP Exam.  Students have, or more appropriately should have, completed 2 Part I's and 2 Part II's of past exams.  Hopefully, we can complete one more test before the AP exam.

For homework, complete the Practice quiz which I have linked below.  We will have our final quiz on Tuesday, May 12th.

HW - Practice Quiz - Macroeconomics

Subsidies and Taxes/Final Review

In class we went over Marginal Social Cost, where a tax should be used to achieve ultimate price and quantity.  Afterwards, we went over Marginal Social Benefit, where a subsidy should be used to achieve optimal price and quantity. 

The notes and homework are attached below.

Notes - Subsidies (MSB) and Taxes (MSC)

HW - 1995 AP Microeconomics Exam

1995 AP Microeconomics

Part I Review (cont.)

In class we went over the answers for the 2012 part II questions.  Afterwards, students continued working on the multiple choice questions for 2014 part I.  For homework finish the multiple choice questions which we will go over at the beginning of the class Friday.

Externalities

In class students went over externalities and discussed the marginal benefits and marginal costs of pollution.  Students should know how the effects a) environmental standards, b) emissions tax and c) cap and trade have on pollution.

The notes are attached as is the homework.

Notes - Externalities

2012 Part II