AP Econ F16 Week#3.

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AP Econ F16 Week#3

Economics 9/19/16 http://mrmilewski.com OBJECTIVE: Review concepts in Chapter#2. AP Macro-I.D Language objective: Write about economics. I. Administrative Stuff -Administrative stuff -Review Homework -Change of test date. II. Watch the following: -Econ USA episode#1 NOTICE: Chapter#2 Test Thursday September 22nd

Economics 9/20/16 http://mrmilewski.com OBJECTIVE: Review concepts in Chapter#2. AP Macro-I.D Language objective: Write about economics. Daily opener: Answer problem#3 p.45 I. Notes#6 -Administrative stuff -Review Homework II. Watch the following: -ACDC Econ 1.7 The BIG Picture- AP Economics Overview (with links to playlists) -Start Money video Homework: Answer questions #9-12 p.44 & Problem#4 p.45 NOTICE: Chapter#2 Test Thursday September 22nd

The “Invisible Hand” In 1776, Adam Smith wrote the book The Wealth of Nations. One observation that he made was the relationship between private interests and social interests in the market. He realized that firms build and improve products to increase profits and that these enhanced products increase society’s well-being. At the same time, firms use only the scarce resources in the most efficient way which “frees up” scarce resources to produce other products that society desires.

Exit Question#6 Answer the following on Google Classroom 6.) What is the Invisible hand?

Homework Tonight Answer questions 9-12 p. 44 and complete Problem#4 p. 45 on Google Classroom. Study for Chapter#2 Test

Economics 9/21/16 http://mrmilewski.com OBJECTIVE: Review concepts in Chapter#2. AP Macro-I.D Language objective: Write about economics. I. Administrative Stuff -attendance -quick review of Ch#2 II. Watch the following: -Issit video -Green one NOTICE: Chapter#2 Test TOMORROW!

Homework Tonight Study for Chapter#2 Test

Economics 9/22/16 http://mrmilewski.com OBJECTIVE: Demonstrate mastery of Chapter#2-. AP Macro-I.D Language objective: Write about the market system and the Circular Flow. I. Administrative Stuff -attendance -No phones, no phones. No Phones! II. Chapter#2 Test Homework: begin Reading Chapter#3

Economics 9/23/16 http://mrmilewski.com OBJECTIVE: Examine Supply, Demand and Market Equilibrium. AP Macro-I.D Language objective: SWBAT define essential vocabulary on Demand, write notes on the Law of Demand and also write answers to questions and read about Supply. I. Administrative Stuff -attendance II. Review Ch#1 Test III. Film: Econ USA episode#2 Homework: Continue Reading Chapter#2