Welcome to the AP Microeconomics page!! Download the syllabus here. Check your grades on Zangle Student Connect or Parent Connect.
Here's a link to the College Board's Course Description
I will use this space to post links to assignments and AP practice sites. Please bookmark it and check back frequently!
**Optional Stock Market Simulation**
Go to the website http://www.marketwatch.com/game/mrcromieapmicro and join the game. The password will be given to you in class. Details are available once you join the game.
Finals Prep:
2 new videos from me this week: one on tax analysis and one on monopoly.
Here's the SmoothDraw file I used today in case you want to download the program for free and use it to see the various layers. The picture below is of all the layers on at once. Impressive!
Check out the new microeconomics videos at the Khan Academy
Download this convenient course outline with links to the Khan Academy videos. You'll notice large gaps, especially in the market structures and market failures units. I'll try to fill in those gaps with videos of my own before the AP exam in May.
As always, email me with specific topic you'd like covered. michael.cromie@venturausd.org
Unit 6 Resources
Unit Summary (thanks to Mr. Clifford for sharing his slides)
From Reffonomics:
Negative Externalities and Positive Externalities
Income Distribution - Lorenz Curve
Unit 5 Resources
Monday Dec 12th:
Please complete the practice test from Reffonomics in preparation for your exams this week. Go back to Reffonomics to study your mistakes. Fill in your name and print out the results (if possible in room 64...not sure if it's set up yet) Use any spare time to try their FRQ or to put some finishing touches on your problem set (due tomorrow).
Unit 5 Resources
Unit Summary (thanks to Mr. Clifford for sharing his slides)
Here are my ScreenCasts for this unit: MRP=MRC in Perfect Competition, MRP=MRC in Imperfect Competition, Monopsony, Least-Cost and Profit-Max Combinations of Labor and Capital. Enjoy!
Reffonomics presentation on MRP and MRC with PRACTICE.
Here's a link to Mr. Clifford's Unit 5 videos. I'll try to get some of my own up here soon...
I also found this website which has the same least cost example as our textbook all worked out.
Unit 4 Resources
Here's my first few tries at using the new pen tool: Monopolistic Competition in Long Run EQ, Monopoly Making Losses (BAD SOUND). Here's one more on Monopoly in general(BETTER SOUND).
In preparation for the exam, review the Unit 4 Notes
the mother of all Venn diagrams credit once again to Mr Clifford.
Here's the grading rubric for last Friday's (11/4) FRQ and the ones from Thursday (11/10).
Here's a playlist of videos from Mr. Clifford IMPERFECT COMPETITION. Enjoy!
Reffonomics for MONOPOLY DEMAND AND MARGINAL REVENUE, and, MONOPOLY GRAPHS.
PRICE DISCRIMINATING MONOPOLY,
and EFFICIENCY.
OLIGOPOLY 1 and OLIGOPOLY 2. KINKED DEMAND CURVE.
Unit 3 Resources:
In preparation for the exam, review the Unit 3 Notes and try some practice MC.
Mr. Clifford's Unit 3 PLaylist
Long Run Perfect Competition Example
Reffonomics Perfect Competition Example
COST CURVES REVIEW , PRACTICE #1 and PRACTICE #2 Quiz yourself!
Review explicit and implicit costs
Review the Law of Diminishing Marginal Returns (You Tube)
Review Marginal Product (and preview Marginal Cost on You Tube)
Unit 2 -- Practice
Unit 2 Summary (old one) - Part 2 (with Excise Taxes and Utility Max.)
Answers for Tax Worksheet and Consumer Choice Worksheet
Elasticity 1, Elasticity 2, Elasticity 3, Elasticity 4, Elasticity 5
***Here is a playlist of excellent videos from Mr. Clifford***
Lots of resources for you to use as you prepare for the unit 2 exam!
Assignment for Sept. 16th:
Complete the Reffonomics lessons below:
1. Demand vs. Quantity Demanded
2. Supply vs. Quantity Supplied
Bonus: Double Shifts
Monday: 9/19 - Complete the following lessons, taking your own notes as you go.
1. Consumer and Producer Surplus
2. Sortages and Surplus - note what happens to consumer and producer surplus compared to equilibrium
3. Price Floor II (interactive)
4. Price Control FRQ 1 - please write out your responses and be prepared to turn them in on Tuesday.
When you finish, feel free to continue with our stock market simulation
Unit 1 --
Here are some practice questions to help you prepare for Thursday's test. Also, here is a compilation of slides from the first unit.
Please use the supplemental website Reffonomics (bookmark it!) to gain mastery of the Production Possibilities Curve!