AP ECONOMICS: September 1

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Presentation transcript:

AP ECONOMICS: September 1 Warm-up: See, Think, Wonder --macro vs. micro (7th and 8th only) Learning Target In order to understand some basic economic concepts, I will examine fundamental macroeconomic issues. I will know I have it when I can draw the business cycle and depict unemployment changes, inflation changes, and economic growth. --business cycle video & guide and labelling (HO—TURN IN) -4 parts; unemployment, inflation, and growth observations Learning Target In order to understand why producers and consumers must make choices, I will analyze the concepts of tradeoffs and opportunity costs. I will know I have it when I can illustrate the concept on and appropriately label key parts of a production possibilities diagram. --production possibilities frontier (PPF) basic concepts, increasing opportunity cost, etc. (video) -worksheet 3.3 Assignment: --make sure you have read through Module 3

September 1, 2017 l What do you see? I see . . . . What do you think about this? I think this relates to my life now (or will later) because . . . . What does it make you wonder? I wonder . . . .