• Merrillville High School
    Course Scope & Sequence
     
     
    Department:
     Social Studies
    AP Microeconomics
    Instructor:C. Richardson

    Email:
     
     
     
     
     
     

    Course Expectations, Goals & Routines

     
    Week 1: 8-15 to 8-19
    Week 2:  8-22 to 8-26
    Week 3:  8-29 to 9-2
    Week 4:  9-6 to 9-9
    Week 5:  9-12 to 10-16
    Week 6:  9-19 to 9-23
    Week 7: 9-26 to 9-30
    Week 8:  10-03 to 10-07
    Week 9:  10-10 to 10-14
    Week 10:  10-17 to 10-21
    Week 11:  10-24 to 11-4
    Week 12:  11-7 to 11-11
    Final Week:  11/10-11/11
    Holidays:  9/5 Labor Day, 10/28-10/31 Fall Break
     
    Within 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 course

     
     
    Week
    Standards
    Instructional Content
    Activities, Readings, Labs, Interactive Notes, Assignments, etc.
    Assessments
    Other
    1
    1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7
    Scarcity, 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 # 1

    Adam Smith Discussion Session
    Active Reading Assignment # 1
    2
    1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 8.1, 8.2, 8.5, 8.7
    interdependence, 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 #2

    Unit Exam
    PPF Graphs, Circular Flow Diagram
    3
    2.3, 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 #3

    Morton application homework # 4.
    Demand and Supply Graphing Act.
    MInimun Wage (price ceiling),, Rent Control, and Active Reading Assignment # 2
    4
    2.7, 2.9, 2.10,
    Elasticity, Price elasticity
     Model Graphing Exercise, Primary Resource Document on Price Goughing.
    Quiz # 4 Review Questions
    Price Gouging
    5
    3.1, 3.2, 3.3, 3.4, 8.1, 8.5, 8.9
    Market Structures
    Vocabulary, Graphing Modules, Wheat Game.
    Quiz # 5
    Morton Questions #5
    Active Readng # 3
    Perfect Competitition, Monopolistic Competition
    6
    3.4, 3.5, 3.6, 3.7

    Monopolies

    Vocabulary, Graphing Activities, Interactive Notes, FRQ's
    Quiz # 6, Morton Application questions # 6
    Oliogopolies, Monopolies and Profit Maxizimation
    7
    3.4, 3.8, 3.11, 4.1. 4.2, 4.5, 4.6, 4.7, 8.3, 8.4
    Trade, Tariffs, and Tax
    Vocabulary, Morton Application questions, primary resource document reading and discussion, and Interactive Notes.
    Quiz # 7
    Morton Appilcation Questions # 7 & 8.
    Consumer/Producer Surplus
    Efficiency
    8
    1.3, 4.3, 4.4, 4.5, 4.6, 4.7,
    Public Sector in the Markets
    Vocabulary, Morton Questions, Primary resource document discussion, Interactive Notes
    Quiz # 8
    Morton Questions # 8
    Externatilites, Public Goods,
    Income and Poverty
    9
    4.8, 4.10 7.7, 7.8
    Public Sector in the Markets
    Vocabulary
    Morton Questions
    Interactive Notes
    Start Paper
    Quiz # 9
    Morton Application Questions # 9
    Budget Restraint
    Indifference Curves
    10
    8.6, 8.10
    Labor Markets- Derived Demand
    Vocabulary
    Interactive Notes Graphing Activities
     Quiz # 10
    Morton Question # 10
     
    MPRL
    Paper
    11
    8.6, 8.7
    Labor Market Con't
    Vocabulary, Interactive Notes, Graphing Exercises.
    Labor Graphs
    Quiz # 11
    Morton Questions # 11
    Unions Vs Non-unions
    12
    8.1
    Game Theory
    Paper Presentations
    Interactive Notebook, Game Theory Problems.
    Quiz # 12
    Prisoner's Dilemma
    Projects