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AP Microeconomics



Daily Performance Tasks
https://sites.google.com/aaps.k12.mi.us/apmicro/home


******** There is no summer assignment for AP Microeconomics **************

Mr. Dunbar is available for extra help BY APPOINTMENT every day before school and at lunch, and also on Thursdays after school.

**** May 18th: 2018 AP Exam for Microeconomics (8:00 a.m. at EMU Student Center)****

| Textbook: Hubbard & O'Brien Economics, Third Edition | Why this textbook? This is why. |

Course Materials (All files are in Acrobat Reader .pdf format):

How to Demonstrate "Mastery Learning" (it's not a "re-take") in Mr. Dunbar's AP classes.
"Steps to Success in AP Microeconomics" with Mr. Dunbar
Course Syllabus
Schedule of Homework: Cornell Notes and Problems (CNAP) for entire trimester one (2017-2018).
View Student Sample for Chapters 1 and 2

End-of-chapter Questions ("Problems and Applications") from Third Edition textbook: (Acrobat .pdf files)
Chapter 1 and Chapter 2
Chapter 3 and Chapter 4
Chapter 5 and Chapter 6
Chapter 7 | Chapter 7 Appendix
Chapter 8 | Chapter 8 Appendix
Chapter 9 | Chapter 9 Appendix
Chapter 10 | Chapter 10 Appendix
Chapter 11 | Chapter 12 | Chapter 13 | Chapter 14
Chapter 15 | Chapter 16 | Chapter 17 | Chapter 18

Homework Answer Key for every chapter (Acrobat .pdf files) (Username and Password required):
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18


AP Microeconomics Exam format
AP Microeconomics Exam Practice (including FRQs from 2001-2014).

Review Materials:
Some of the best Econ teachers and professors on the Web:
Mr. Jacob Clifford (ACDC Leadership) |
Dr. Mary J. McGlasson (mjmfoodie) |
Crash Course Economics with Adrienne Hill
Mr. Jason Welker (Wikinomics) |
MIT Professor Jonathan Gruber |
Khan Academy Microeconomics

19-minute video reviewing every AP Microeconomics topic!
* Mega Review Sheet (graphs, formulas, and concepts): | Blank for practice | Completed with answers |
* Essential Graphs: | Blank for practice |  Completed with answers |
Essential Shifts
* The Four Market Structures (venn diagram)
* List of All Key Concepts (with Hubbard textbook page #)
* Practice FRQs and Answer Rubrics 2001-2014, Sample Multiple-Choice Questions |


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| MLA Update 2009 | Developing a Thesis: Purdue; Harvard |
| The Keys to Effective Business Presentations | Advice for Aspiring Economists! |
| YouTube videos of basic key concepts (from professor in AZ - great!) | more YouTube lecturesKahn Academy (some econ) 
| Economics U$A , The Economics Classroom, The Global Economy (some o.k. videos) |
| OnInnovation.com (videos of business visionaries -- very cool!) | The Economics of Seinfeld (hilarious!) | The Economics of The Office (also hilarious!)
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Real-Time Data: | CNBC | CNNMoney | MarketWatch | Bloomberg |
Business and Economic News: | Wall Street Journal | New York Times Business | Barron's | Bloomberg Businessweek | The Economist |  Financial Times | Investor's Business Daily | Monthly Labor Review |
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Big Debates and Discussions:

2017-2018 (Skyline High School)
TBA:
* Would Americans benefit from withdrawing from NAFTA and other free trade agreements?
* Do corporate tax cuts lead to more jobs in our economy?
* 9.15.2017: Agree or Disagree with the following statement: “Government regulations kill more jobs than they create.” (Chapters 1 and 2)

2016-2017 (Skyline High School)
* Should the government heavily regulate our economy or be hands off and let businesses make almost all decisions in our economy? (Chapter 1: p. 9)
* Is efficiency or equity more important to achieve in our economy? (Chapter 1: p. 10)
* Do immigrants displace or complement domestic workers in our economy? (Chapter 1: p. 18-19)
* Should the government mandate higher fuel efficiency standards regardless of higher production costs or don't mandate them? (Chapter 2: p. 56-57)
* Should the federal government raise the minimum wage to $15/hour, keep it at $7.25, or abolish it entirely? (Chapter 4: p. 106-107).
* Agree or Disagree: "Major reductions in carbon emissions are not worth the money." (assume a doubling of costs to producers and/or consumers over ten years)(Chapter 5).
* Should the U.S. Senate ratify the Trans-Pacific Partnership (TPP) treaty signed by President Obama? (Chapter 8)
* Does Walmart have more of a positive or negative impact on U.S. businesses, U.S. consumers, U.S. workers, and local communities? (Chapter 10)
* Will Walmart raising wages increase its profits? See New York Times article.
* Agree or disagree: "Organic food is marketing hype." (Chapter 11) See Intelligence Squared article.
* Should the federal government (i.e. the Department of Justice's Antitrust Division) block AT&T from merging with Time Warner, as U.S. Senator Bernie Sanders recommends? (Chapter 13 - Oligopoly)
* Has Google's search service reached monopoly power (in digital advertising), and should the search service be broken up into multiple completing companies? (Chapter 14 - Monopoly)
* Should income taxes be raised significantly on the wealthy (i.e. increase the top marginal tax rate of 34% to 68% for all income earned above $250K+)? Why or why not? (Chapter 18)

2015-2016 (Skyline High School)
* Should taxes be raised on the rich and lowered for lower and middle income Americans? Why or why not? (Chapter 18)
* Should Ann Arbor pass a local $15/hour minimum wage law like the City of Seattle has? Why or why not? (Chapter 16)
* Is Google search service a monopoly that should be regulated and/or broken up? Why or why not? (under U.S. antitrust laws such as the Sherman Act, if a company controls 70% or more of a market it has met the threshold of a monopoly)(Chapter 14).
* Should the federal government mandate "green certification" standards for the labeling of all products? [Assumptions: would likely lead to higher prices for consumers; all products would have to go through the evaluation process and be labeled as either "green certified" or "not green certified" (Chapter 11 pages 392-393).
* Should the U.S. Senate ratify the Trans-Pacific Partnership (TPP) free trade treaty successfully negotiated by President Obama with 11 other nations? Why or why not? (Chapter 8)
* Agree or Disagree with the following statement: "Major reductions in carbon emissions are not worth the money." (Chapter 5). Intelligence Squared debate online.
* Should the federal government subsidize free community college educations for all (President Obama's proposal) and/or make all public colleges and universities tuition-free (Senator Sanders's proposal)? Why or why not? (Chapter 5)
* Ann Arbor is one of the least affordable cities in the U.S. Should Ann Arbor implement much stronger rent-control policies? Why or why not? (Chapter 4)
* Overall, does Walmart have a positive or negative impact on the United States? (Chapter 3)

2014 (Skyline High School)
* Minimum Wage: raise to $15/hour or abolish entirely
* Viacom v. YouTube/Google (costs of protecting private property)
* Carbon Tax v. No Intervention v. Cap-and-Trade
i2 Debate | Debate.org | iDebate | Yale article | New York Times article |
* Is a "Buy American" provision in U.S. government procurement a good idea?
i2 Debate
* Are salary caps in professional sports effective from a microeconomic perspective? Should all professional sports leagues have salary caps?
* Are Google and Amazon essentially monopolies that should be regulated like public utilities or broken up into numerous smaller companies? Why or why not?
* Agree or Disagree: "The rich are taxed enough and should not be taxed any higher."
* Agree or Disagree: "Income inequality impairs the American Dream of upward mobility."

2010 (Huron High School)
"Apple Faces Many Rivals for Streaming to TVs"  NYTimes, 9/6/10
"Housing Woes Bring New Cry: Let Market Fall"  NYTimes, 9/6/10
"Tax Cuts May Prove Better for Politicians Than for Economy"  NYTimes, 9/11/10
"Gearing Up for the Tax Wars"  WSJ, 9/11/10
Big Debate - Week 2: Viacom v. YouTube (Google)  from FORA.tv
Big Debate: Let housing market collapse?  TIME: "Rethinking Homeownership" | NYTimes: "Bouys Gone, Home Sales Fall Sharply" PBS: "Inside the Meltdown" | Thomas Sowell: "The Housing Boom & Bust" | CNBC: "House of Cards"
Big Debate: VAT instead of income tax?  Tax Policy Center (non-partisan) | NYTimes: "The Other Taxes: Who Pays Them?"
Big Debate: Are rent subsidies a good idea?
Big Debate: Is a paroll tax holiday a good idea? CNBC town hall with President Obama
The Atlantic (background article) | Problems... | TIME magazine | The New Yorker
Big Debate: Are bargain prices always a good thing? Newsweek: "Rock-Bottom Prices" | TV Prices to Plunge |
Big Debate: Should the government stop all federal financial aid to for-profit colleges?  College, Inc. | Bloomberg article |
Big Debate: Should the government put a "windfall tax" on the excess profits of oil companies (an oligopoly)?
Big Debate: Is Google a monopoly that should be regulated?
---> Links: Cool Chart!Background , More Background , Yes 1Yes 2 (w/ PowerPoints) , Yes 3 , Yes 4 ,  No 1 , No 2No 3 , No 4 , More Views , Even More Views , Possible Antitrust Trial #1, Possible Antitrust Trial #2 | FTC Guide to Antitrust Laws |
Big Debate: Are illegal immigrants good or bad for the U.S. economy? Hubbard p. 546-547 | Newsweek article | ProCon.org | New York Times article | Washington Post article | Daily Finance article | UCSD article | Union-Tribune article |
Big Debate: Should state governments increase corporate taxes to reduce try to reduce their budget deficits?: CNN article
Big Debate: Income Inequality, the Middle Class, and the Lorenz Curve: Paul Krugman v. Thomas Sowell (from Fora.tv) | New York Times article | The Atlantic article | ABC News on Census data |
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PowerPoint Presentations: Free PowerPoint Viewers: from OpenOffice.org ; from Microsoft

Chapter 1: Economics: Foundations and Models (.ppt file) | Study Guide & Extra Practice Questions with Answers (.pdf file) | Homework Qs |

Chapter 2: Trade-Offs, Comparative Advantage, and the Market System | Study Guide & Practice Questions| Homework Qs |

Chapter 3: Where Prices Come From: The Interaction of Demand and Supply | Study Guide & Practice Questions | Homework Qs |

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes | Study Guide & Practice Questions | | Homework Qs |

Chapter 5: Externalities, Environmental Policy, and Public Goods | Study Guide & Practice Questions |Homework Qs |

Chapter 6: Elasticity: The Responsiveness of Demand and Supply | Study Guide & Practice Questions |Homework Qs |

Chapter 7: Firms, the Stock Market, and Corporate Governance | Study Guide & Practice Questions | Homework Qs |

Chapter 8: Comparative Advantage and the Gains from International Trade | Study Guide & Practice Questions | Homework Qs |

Chapter 9: Consumer Choice and Behavioral Economics | Study Guide & Practice Questions | Homework Qs |

Chapter 10: Technology, Production, and Costs | Study Guide & Practice Questions | Homework Qs |

Chapter 11: Firms in Perfectly Competitive Markets | Study Guide & Practice Questions | Homework Qs |

Chapter 12: Monopolistic Competition: The Competitive Model in a More Realistic Setting | Study Guide & Practice Questions | Homework Qs |

Chapter 13: Oligopoly: Firms in Less Competitive Markets | Study Guide & Practice Questions | | Homework Qs |

Chapter 14: Monopoly and Antitrust Policy | Study Guide & Practice Questions | Homework Qs |

Chapter 15: Pricing Strategy | Study Guide & Practice Questions | | Homework Qs |

Chapter 16: The Markets for Labor and Other Factors of Production | Study Guide & Practice Questions | Homework Qs |

Chapter 17: The Economics of Information | Study Guide & Practice Questions | Homework Qs |

Chapter 18: The Tax System and the Distribution of Income | Study Guide & Practice Questions | Homework Qs |

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Additional In-Depth Presentations:

Introduction to Microeconomics  | Web-based Review

The Economic Problem: Scarcity and Choice | Web-based Review

Demand, Supply, and Market Equilibrium | Web-based ReviewCNN article on the effect of rising gas prices

The Price System, Demand and Supply, and Elasticity | Web-based Review

Household Behavior and Consumer Choice | Web-based Review |

The Profit Process: The Behavior of Profit-Maximizing Firms | Web-based Review

Short-Run Costs and Output Decisions | Web-based Review

Costs and Output Decisions in the Long-Run | Web-based Review

Input Demand: The Labor and Land Markets | Web-based Review

Input Demand: The Captial Market and the Investment Decision | Web-based Review

General Equilibrium and the Efficiency of Perfect Competition | Web-based Review

Monopoly and Antitrust Policy | Web-based Review

Monopolistic Competition and Oligopoly | Web-based Review

Externalities, Public Goods, Imperfect Information, and Social Choice | Web-based Review

Income Distribution and Poverty | Web-based Review
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