Merrillville High SchoolCourse Scope & Sequence
Department:Social StudiesAP Microeconomics Instructor: C. RichardsonEmail:
Course Expectations, Goals & RoutinesWeek 1: 8-15 to 8-19Week 2: 8-22 to 8-26Week 3: 8-29 to 9-2Week 4: 9-6 to 9-9Week 5: 9-12 to 10-16Week 6: 9-19 to 9-23Week 7: 9-26 to 9-30Week 8: 10-03 to 10-07Week 9: 10-10 to 10-14Week 10: 10-17 to 10-21Week 11: 10-24 to 11-4Week 12: 11-7 to 11-11Final Week: 11/10-11/11Holidays: 9/5 Labor Day, 10/28-10/31 Fall BreakWithin this course, students will analyze the smaller segments of the economy- specifically; consumers and producers as they interact in markets, develop an understanding of marginal benefit versus marginal costs through various evaluations of economic models, comprehend how prices of individual goods, services and resources are allocated for profit maximization of the firm, the sources of market power, different factor markets. In addition, students will have a thorough understanding of monopolies, oligopolies, the labor market, models of consumer choice, and the role of government within the scope of microeconomic theory.Learning goals:
ü To give students understanding of Microeconomic concepts and theory.
ü To have students understand the microeconomic theory of consumer choice, dealing with total and marginal utility, utility maximization, and income and substitution effects.
ü To enable students to use supply and demand analysis, price elasticity, and marginal utility.
ü To increase students knowledge on examining costs versus revenue, profit maximization, and market structure.
ü To develop students evaluation of market failures, externalities, income distribution and taxation.
ü To advance students in the “economic way of thinking”- The economist’s systematic use of analytical decision making skills to discuss and solve economic situations.Course Description
Microeconomics, Advanced Placement is a course based on content established by the College Board. The course gives students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economics system. Topics include: (1) basic economic concepts, (2) the nature and functions of product markets, (3) factor markets, and (4) market failure and the role of government.
· Grade level: 11 – 12
· Credits: 1 trimester course for 1 credit
· Fulfills the Economics requirement for the Core 40, Core 40 with Academic Honors, Core 40 with Technical Honors and International Baccalaureate diplomas, a Social Studies requirement for the General Diploma, or counts as an elective for any diploma
· A Career Academic Sequence or Flex Credit courseWeekStandardsInstructional ContentActivities, Readings, Labs, Interactive Notes, Assignments, etc.AssessmentsOther11.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7Scarcity, trade-offs, opportunity cost, Production Possiblity Frontiers.Vocabulary, Morton Application Questions, current topic discussion, Interactive Notes, and graphing Models.
Reading Quiz #1
Morton Application homework # 1Adam Smith Discussion SessionActive Reading Assignment # 121.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7interdependence, trade, specialization, absolute and comparative advantage, absolute advantage.Graphing PPF’s, Activity, Island Activity, Interactive notes, and FRQ’s
Morton Application homework # 2 & # 3.
Quiz #2Unit ExamPPF Graphs, Circular Flow Diagram32.3, 2.4, 2.5, 2.6,Supply and demand, and equilibrium.Vocabulary, Interactive notes Morton Application questions, primary resource document reading and discussion on Graphing Models.
Quiz #3Morton application homework # 4.Demand and Supply Graphing Act.MInimun Wage (price ceiling),, Rent Control, and Active Reading Assignment # 242.7, 2.9, 2.10,Elasticity, Price elasticityModel Graphing Exercise, Primary Resource Document on Price Goughing.Quiz # 4 Review QuestionsPrice Gouging53.1, 3.2, 3.3, 3.4, 8.1, 8.5, 8.9Market Structures
Vocabulary, Graphing Modules, Wheat Game.Quiz # 5Morton Questions #5Active Readng # 3Perfect Competitition, Monopolistic Competition6 3.4, 3.5, 3.6, 3.7
MonopoliesVocabulary, Graphing Activities, Interactive Notes, FRQ'sQuiz # 6, Morton Application questions # 6Oliogopolies, Monopolies and Profit Maxizimation73.4, 3.8, 3.11, 4.1. 4.2, 4.5, 4.6, 4.7, 8.3, 8.4Trade, Tariffs, and TaxVocabulary, Morton Application questions, primary resource document reading and discussion, and Interactive Notes.Quiz # 7Morton Appilcation Questions # 7 & 8.Consumer/Producer SurplusEfficiency81.3, 4.3, 4.4, 4.5, 4.6, 4.7,Public Sector in the MarketsVocabulary, Morton Questions, Primary resource document discussion, Interactive NotesQuiz # 8Morton Questions # 8Externatilites, Public Goods,Income and Poverty9
4.8, 4.10 7.7, 7.8Public Sector in the MarketsVocabularyMorton QuestionsInteractive NotesStart PaperQuiz # 9Morton Application Questions # 9Budget RestraintIndifference Curves108.6, 8.10Labor Markets- Derived DemandVocabularyInteractive Notes Graphing ActivitiesQuiz # 10Morton Question # 10MPRLPaper118.6, 8.7Labor Market Con'tVocabulary, Interactive Notes, Graphing Exercises.Labor GraphsQuiz # 11Morton Questions # 11Unions Vs Non-unions128.1Game TheoryPaper PresentationsInteractive Notebook, Game Theory Problems.Quiz # 12Prisoner's DilemmaProjects