1) Introduction to the Course

2) What is Economics?

3) Scarcity, Choice, & Opportunity Costs

4) Fundamental Economic Questions

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Class ID:  3467105

Password:  Economics

Homework: Read Ch.1 pgs 9-15

1) Model Economies

2) Characteristics of a Pure Market Economy

3) Factors of Production

 Homework: Read Ch.1 pgs 16-21, and answer Problem 37U (pg. 29)

 1) PPC

2) Group Problem Solving- 41U, 45U (pg. 30), and 46U (pg. 30)

 Homework: True and False 1-10 (pg. 23)

Multiple Choice #11-25 (pg. 23-25)

1) Normative versus Positive statements.

2) Review PPC
 

3) Take up the homework questions
 

4) Practice test and study guide review- 42U and 43U (p. 30), 48U-51U and 54U (p. 31)

Homework: Study for Chapter 1 Test

1) Chapter 1 Review

Homework: Read Chapter 2 (pg. 32-37)

Chapter 1 Test

1) Definition of Demand

2) Graphing Demand

3) Definition of Quantity Demanded

4) Graphing Quantity Demanded

5) Law of Demand

6) Reasons for Downward Sloping Demand Curve

7) Determinants of Demand

1) Review Concepts of Demand

2) Definition of Supply

3) Graphing Demand

3) Definition of Quantity Supplied

4) Graphing Quantity Supplied

5) Law of Supply

6) Determinants of Supply

Homework: Complete AP Demand Activities 10 & 11

1) Review Concepts of Supply

2) Equilibrium

3) Shortages and surpluses

4) Scarcity versus shortage

  Homework: Complete AP Supply Activities 12 & 13

1) Price Determination

2) AP Exercises 14-16

Homework: Complete the following Study Guide problems:

True & False 1-10

Multiple Choice 11-35

1) Chapter 2 Review

2) Practice Test and Study Guide Review

     -41U to 49U

Chapter 2 Test

1) Introduction to Simultaneous Changes in Supply & Demand

2) Complete & Correct the following Study Guide Problems

     -39U to 41U and 46U

1) Overview of Price Controls

         -Price Ceiling

         -Price Floor

         -Minimum Wage

Homework: Read Chapter 3 pgs. 83-93

1) Review Price Controls

2) Complete & Correct the following Study Guide Problems

     -True & False 1-10

     -MC 11-15

3) Simultaneous Changes Assignment

1) Elaborations to supply & demand

2) Complete & Correct the following Study Guide Problems

     -MC 16-35

     -47 & 48U, 49U to 54U

1) Review of elaborations to supply & demand

2) Complete & Correct the Practice 2-3 test.

1) Work Period

1) Definition of price elasticity of demand

2) Understanding price elasticity coefficients

3) Determinants of price elasticity of demand

4) Price elasticity graphically

1) AP Activity Sheets

Homework: Complete the activity sheets and read pages 130-137

1) No Class

1) Applications of Elasticity

2) Elasticity of Supply

Homework: Complete the following study guide problems:

- True & False 1-10

- Multiple Choice 11-35

1) Income Elasticity

2) Cross Elasticity of Demand

1) Chapter Review

2) Chapter 2-4 Practice Test

Chapter 2-4 Test

Introduction to Chapter 6

Work Period

1) Explicit vs Implicit Costs

2) Normal Profit and Economic Profit

3) Total, Average, and Marginal Product

4) Division of Labour

5) Law of Diminishing Returns

1) Sunk costs, maximum productivity per worker, and point of maximum total product

2) Marginal and Variable Costs

3) Study Guide Problems

1) Fixed Costs

2) Study Guide Problems

1) Review Variable & Fixed Costs

2) Study Guide Problems

1) Economic Capacity and Excess Capacity

2) Practice Test

1) Chapter 6 Test