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AP Economics

AP Economics. Mr. Bernstein Class Outline September 2013. AP Economics Mr. Bernstein. Overview This is a course in theory and the economic way of thinking more than application-based course

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AP Economics

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  1. AP Economics Mr. Bernstein Class Outline September 2013

  2. AP EconomicsMr. Bernstein Overview This is a course in theory and the economic way of thinking more than application-based course First AP Econ course was offered in 1989. 2,583 students took the Micro test and 3,198 took the Macro test. In 2012, 62,351 students took the Micro test and 99,903 too the Macro test. (CGR = ???) Over 3,300 high schools offer AP Micro and over 4,000 offer AP Macro (vs 13,000+ offering AP Calc and 12,000+ offering AP US History)

  3. AP EconomicsMr. Bernstein Overview Average AP scores: 80-100 A 65-80 B 50-65 C 40-50 D 2012 mean scores were 3.0 and 2.8 2012 students were ~60% male and ~80% seniors

  4. AP EconomicsMr. Bernstein Course Goals Explain Microeconomic principles such as supply and demand, laborers and wages, and market structures Explain Macroeconomic principles such as unemployment, inflation, economic measurements, and the role of government in the economy Understand how decisions by individuals and government affect the economy Analyze economic models and draw conclusions from them Attain the necessary knowledge and skills to successfully take the AP Economics Exam

  5. AP Economics Mr. Bernstein • 1. Course Outline • Marking Periods 1-2: Microeconomics • Unit 1: Basic Economic Concepts • Unit 2: Supply and Demand • Unit 3: Behind the Demand Curve: Consumer Choice • Unit 4: Behind the Supply Curve: Profit, Production & Costs • Unit 5: Market Structures: Perfect Competition & Monopoly • Unit 6: Market Structures: Imperfect Competition • Unit 7: Factor Markets • Unit 8: Market Failure and the Role of Government

  6. AP Economics Mr. Bernstein • 1. Course Outline, cont. • Marking Periods 3-4: Macroeconomics • Unit 1: Measurement of Economic Performance • Unit 2: National Income and Price Determination • Unit 3: Inflation, Unemployment and Stabilization Policies • Unit 4: The Financial Sector • Unit 5: Economic Growth and Productivity • Unit 6: The Open Economy: International Trade and Finance

  7. AP Economics Mr. Bernstein • 2. Resources • Textbook: Krugman’s Economics for AP, 2011, Ray and Anderson • Reffonomics.com Economics University self-paced quizzes • Council for Economic Education AP Economics Activities • Previously released AP Economics test questions • others

  8. AP Economics Mr. Bernstein • 3. Classroom Routine • Daily Structure • Behavior • Electronic Devices • 4. Grading • 50% Exams and Projects / 30% Quizzes and Papers / 10% Homework / 10% Class Participation • 5. Makeup Policy • Tests and Quizzes must be made up following day • Plan ahead

  9. AP Economics Mr. Bernstein • 6. EI (Extra Instruction) • A. Before or After school – arrange with me • B. Extra effort will be considered • 7. Additional Opportunities • A. Investment Club • B. Business Academy • C. FBLA

  10. AP EconomicsMr. Bernstein • 8. The AP Exams • Each test is 2 hours and 10 minutes • Test date Thur. May 15: Macro 8am, Micro 12 noon • 60 multiple choice questions (70 minutes) • 3 Free Response questions, 1 long and 2 short (10 minute reading time plus 50 minutes to answer) • MC = 2/3 of grade • FRQ = 1/3 of grade • Average FRQ score is <50%

  11. AP Economics Mr. Bernstein • 8. Evacuation Procedure

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