Do Now

Answer one of the following prompts in 4-5 sentences:

“I think this class is going to be about…”

“When I hear about the recession on the

news I think…”

“I am interested in going into business

because…”

“I like/dislike math because…”

AP Microeconomics
Guide to the Economy
Agenda

1 Discuss “Do Now”

10 minutes

2 Discuss Syllabus
30 minutes

3 Review Organic Notes

10 minutes

4 Economics Quiz
10 minutes

5 OBJ P1
20 minutes
Discuss “Do Now”
What were your thoughts?

“I think this class is going to be about…”

“When I hear about the recession on the

news I think…”

“I am interested in going into business

because…”

“I like/dislike math because…”

Syllabus
Yes, it is pages and pages.

Course Goal: Course Description: What Class is Like:

“Economists will exhibit “basic economic concepts • Expectations
knowledge and such as scarcity and • Culture
appreciation of opportunity cost, • Organization
microeconomics with demand and supply,
economic equilibrium, • Thinking
80+% mastery.”
elasticity, costs of • Planner
production, factor • Grading
markets, and marginal
productivity”
Grading
Standards-Based Grading System

Your grade breaks down Category %

according to the chart.

It is highly suggested that Objective Mastery 35%

you check PowerSchool often
so that you can make up any
missed objectives. Cumulative Assessments 35%
You grade in this class is
purely on you. If you choose Critical Assessments 20%
not to work, then you are
choosing to accept the grade
as it stands. Projects 10%

TOTAL 100%
Organic Notes
A Way To Stay Organized

• Organic Notes push you to look back

and actually learn from the work you
did in class.
• They are mandatory for S1, and open
for discussion S2.
• Sections: header, class notes, note
reflection, summary, objective
reflection, assessment reflection.
• Do NOT lose your notes/binder.
What Do You Know About Econ?
A Little Non-Graded Quiz…
Answers:
1. Increase
2. True
3. Satisfy the most urgent needs within income level
4. Lowest
5. Less
6. Profit
7. Seller
8. Money
9. Recession
10. Taxes and levies
P1: Graph data using
appropriate format and scale.
What parts of a graph are important to represent
accurately?
• Axes
• Labels
• Scale
• Data

Why?
P1: Graph data using
appropriate format and scale.
Let’s take a look at the following data and graph it.
Temperatures In NYC
Day Temperature
1 43° F
2 53° F
3 50° F
4 57° F
5 59° F
6 67° F
P1: Graph data using
appropriate format and scale.
Your graph should look like the following:
P1: Graph data using
appropriate format and scale.
Graph the following data on your own. (3 minutes)
Value of Sarah's Car
Year Value
2001 $24,000
2002 $22,500
2003 $19,700
2004 $17,500
2005 $14,500
2006 $10,000
2007 $ 5,800
P1: Graph data using
appropriate format and scale.
Your graph should look like the following:
Video Game Articles
Read & Analyze…

Actively read the provided articles and

come up with at least 2 points of
discussion (something you found
interesting or new).

Be prepared to share your ideas with the

class next class.
Are there any last
questions?