AP Economics Mr. Gill 256-4175 ext 69522

Slides:

Advertisements

Similar presentations

High School Credits and College Requirements

Advertisements

Introduction to Economics: Social Issues and Economic Thinking Wendy A. Stock PowerPoint Prepared by Z. Pan CHAPTER 2 PRODUCTION POSSIBILITIES Copyright.

Appendix 1 Homework Numbers 2, 6, 8, and 10. Chapter 2 Efficiency and Allocation in the Global Economy.

Chapter 2. Economic Models Link to syllabus Skip ‘comparative advantage,’ pages 33-36, Figures 2-4 to 2-6. We won’t cover circular flow diagrams, like.

AP Economics Mr. Bernstein Module 4: Comparative Advantage and Trade September 22, 2014.

Unit 1 : MicroeconomicsVisual 1.4 National Council on Economic Educationhttp://apeconomics.ncee.net Absolute Advantage and Comparative Advantage ABSOLUTE.

THE ECONOMIC PROBLEM Presented by by MOHAMED ABD-ELMOHSEN Assistant lecture Economic department Faculty of commerce Suez canal university.

© 2009 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R Principles of Microeconomics E conomics P R I N C I P L E S O F N.

The Choice is Yours Economics Unit 2 by Constance J. Wehner.

Thinking on the margin. Economy  One who manages a household  Much like a household, society must determine how to manage scarce resources to satisfy.

1 - 1 The Economic Perspective Marginal Analysis Trade Offs & Opportunity Costs Types of Economics Economic Goals Introduction to Economics.

Macroeconomics CHAPTER 1 First Principles PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

1 Welcome to EC 382: International Economics By: Dr. Jacqueline Khorassani Study Guide Week Two (Note: You must go over these slides and complete every.

Embrace Learning  Ask your parents, teachers, or counselors for help  Explore what interests you  Have a quiet place to study  Create a routine for.

Unit 1: Foundations of Economics What is Economics? “A science that deals with the allocation, or use, of scarce resources for the purpose of fulfilling.

Free Trade Theory Why Nations Trade. Why Trade? Basics of Trade Defined: 2 Countries engage in economic activity Exports: goods/services leave country.

The economic problem: scarcity and choice Three basic questions in economics: Resources Producers Households Natural resources Labor Capital Allocation.

Introductory macroeconomics David A. Penn.  How much economics do I need to know to participate in conversations?  Most of the economics that is suitable.

September 4, 2013 AP Economics 1.Attendance 2.Current Event? 3.Finish Website Tour? 4.Notes: Economics Intro (Ch.1)

Chapter 1 Review. Information in numerical form ▫Statistics Make a decision according to the best combination of costs and benefits ▫Economize.

 Economics is defined as the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants.

The AP Microeconomics and Macroeconomics Tests 2/3 Multiple Choice 2/3 Multiple Choice 1/3 Free Response 1/3 Free Response.

Chapter 1 Section 3 Trade Offs and Opportunity Costs.

Summary Land, labor, capital, and entrepreneurship are scarce.

Module 4 Comparative Advantage and Trade

Mr. Bernstein Module 4: Comparative Advantage and Trade September 2017

The Economic Problem: Scarcity and Choice

Opportunity Cost and Public Decision-making

Unit 1 Scarcity, Opportunity Cost and PPF

What kind of problems do you think an economist tries to solve?

Test 30 multiple choice FRQ sheet.

Economic Choices And Decision Making

University of Hawai‘i at Mānoa Department of Economics

Intro to Economics Part II: Decision Making

KRUGMAN’S Economics for AP® S E C O N D E D I T I O N.

KRUGMAN’S Economics for AP® S E C O N D E D I T I O N.

Making Economic Decisions

Introduction to Economics

Today’s Warm Up Pick up and complete the questionnaire at the front of the room – “Do You Think Like an Economist?”

What is economics? Vocabulary

AP Economics “Econ, Econ” Econ.

August 28th, 2014 AP Microeconomics

Unit I MC Practice AP MICRO.

Today’s DOA Why is it important to evaluate trade-offs and opportunity cost when making choices?

AP Economics “Econ, Econ” Econ.

Economics Warm-Up Take out the worksheet we were working on yesterday (Economic Decision Making- Opportunity Cost) and complete Part III on the back.

© EMC Publishing, LLC.

AP Government Summer Homework Review

Econ “Economic Choice Today: Opportunity Cost”

Do Now for Monday, September 26

AP Economics “Econ, Econ” Econ.

CHAPTER 1 First Principles.

Review for Unit 1 test.

Warm Up Explain what a production-possibilities curve shows.

AP Economics Decisions, Decisions, Decisions

The Economic Problem: Scarcity and Choice

Economic Decisions. Economic Decisions IT MATTERS BECAUSE You will make economic decisions every day, and you will do so all your life.

7 Principles of Economic Thinking

Module The Production Possibilities Curve Model

Comparative and Absolute Advantage

Economics 101: Making Choices

Trade-offs and Opportunity Costs

Production Possibility Frontier

Macroeconomics Chapter 2: Economic Models: Trade-offs and Trade

Overview of Economic Content

Opportunity Cost and Production Possibilities Frontier

Absolute v. Comparative Advantage

Science is fun. Science is fun. Science is fun. Science is fun. Science is fun. Science is fun. Science is fun. Science is fun. Science is fun. Science.

Presentation transcript:

AP Economics Mr. Gill ext

So… why take AP Economics? College Credit ($92) Academic Challenge Importance to Global Community Gain a Different Perspective on Decisions Distinguishing Yourself Incentives > Trade Offs Its Fun!... In a social studies cool kind of way.

Learning the Language Scarcity 4 Basic Questions Trade Offs and Opportunity Costs Costs and Incentives (Marginal Analysis) Positive and Normative Economics Economic Needs and Wants The Production Possibilities Frontier (PPF)

What is Economics? Science of Decisions Why must decisions be made? Scarcity

So what’s the big deal about scarcity?

The Production Possibility Frontier

Why is the Production Possibility Curve curved?

Ricardo’s theory is alive and well!

Who Should Produce What? Comparative Advantage

So what does Comparative Advantage have to do with scarcity?