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Cracking the Free Response in AP Macroeconomics and Microeconomics Patricia Brazill Co-Chair, Macro Test Development Irondequoit High School Rochester,

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Presentation on theme: "Cracking the Free Response in AP Macroeconomics and Microeconomics Patricia Brazill Co-Chair, Macro Test Development Irondequoit High School Rochester,"— Presentation transcript:

1 Cracking the Free Response in AP Macroeconomics and Microeconomics Patricia Brazill Co-Chair, Macro Test Development Irondequoit High School Rochester, NY Patti_Brazill@westiron.monroe.edu Sandra Wright Micro Test Development Adlai Stevenson High School Lincolnshire, IL swright@d125.org

2 Emphasize the concepts and skills so they know how to drive the AP Econ Car and read the Map (FRQ Questions) so that no matter what question is asked they can rely on their knowledge of how to drive and read the map to go where ever the question asks…

3

4 2010 Macro 53% 3 or above

5 Students scores can improve with FRQ scores -

6 You want your students FRQs to exceed average scores!

7 When answering the Macroeconomics or Microeconomics free response questions, a student should respond clearly and concisely. Including paragraphs or even full-sentence responses is not always necessary; however, it is important to address the verb prompts appropriately (as explained below). A written response that presents conflicting answers is likely to lead to the loss of points.

8 SHOW means use a diagram (graph). Correct labels are critical! EXPLAIN means to take the reader through all the steps or linkages in the line of reasoning. Often a formula or graph will work. IDENTIFY means provide a specific answer, a list, a point on a graph, without explanation CALCULATE means use math to determine a specific numerical answer and show work

9 Correctly drawn and labeled AD/AS models Correctly drawn Production Possibilities model Showing a recession on a PPF

10 Content Areas: Foreign Exchange Market Fiscal Policy Effect on AD

11 Content Areas: The Mechanics of Money Creation Categories of Unemployment Classical Adjustment to Recession

12 General Content Areas: Money and Banking Real vs. Nominal Distinction International Economics

13 Determining Pe and Qe on a Monopoly graph Firm Graph in PC market Price ceiling on a PC market graph Finding Allocative Efficienct Quantity when an externality exists

14 Elasticity Consumer surplus when price discrimination PC Labor market graphs finding DWL when externality exists

15 Monopoly Graph Marginal Revenue and Demand Curves Profit Max Quantity where MR = MC Price on Demand Curve above Q* Finding Total Utility by Summing MU Identifying Domestic Production Level in Situation with Imports and a Tariff

16 9. Optimal Consumption Rule 7. Effect of Subsidy on Quantity Produced 6. Effect of Lump-Sum Subsidy on Deadweight Loss 5. Tariff Revenue 4. Value of Consumer Surplus 3. Cross-price Elasticity 2. Effect of Price Increase on Total Revenue 1. Surplus-maximizing Tariff Special Mention: Labels!

17 Ask students to show their work for calculation problems. They should include both the formula used and the numbers used in their calculations. This will help you find the errors in their thinking GO BACK TO THE BASICS AT THE END OF THE COURSE Use the notes from the Chief Reader (Scoring plus Samples and Commentary Use your Instructional Planning Report from College Board Teach the VERBAGE GRAPH GRAPH GRAPH!!!!! Score FRQs from a grid

18 Take frequent timed FRQ TESTS - Short FRQs are 12 minute questions Teach students to grade from rubric Mini white boards – look at their models! Sidewalk chalk – muscle memory Presentations of Macro and Micro 1 to class

19 Production Possibilities Supply and Demand Aggregate Supply and Demand with vertical Long Run Aggregate Supply Phillips Curve Money Market Model Loanable funds Currency market with simple Supply/Demand

20 Production Possibilities Supply and Demand – Include tariffs, tax incidence, and world prices in your analysis Perfect Competition side-by-side graphs Monopoly Monopolistic Competition Payoff matrix in Game Theory Labor market – side by side graphs Monopsony

21 Frequently Tested Concepts in Macro FRQs 1995-2011 Fiscal Policy, discretionary and automatic 1995 #1 2009 B#1 1995 #2 2010 #1 auto 1997 #3 2010B #1 2000 #1 2011 #1 2001 #1 2011/B#1 auto 2002 #12003 #1,22003B #32005#12005 #3 AD/AS Model 1995 #1 2003B-1 2010 B-1 1996 #1 2004 #1 2010B #3 1997 #3 2004B-1 2011 #1 1998 #1 2005 #1 2011B #1 1999 #1 2006 #1 2012 #3 2000 #1 2007#1 2001 #1 2006B #1 2002 #1 2007B #1 2002B #1 2009B#1 2003 #1 2010 #1 Money Market Model 1999 #1 2007B #1 2000 #3 2209 #1 2002 #1 2009 #3 2003 #1 2009B #2 2004 #1 2010 #2 2005B-1 2010B#2 2005 #1 2012#1 2006 #22007#12006B #2 Interest rate effects (on I or growth or 4-x) 1995 #1 2009#2 1997 #1,3 2009B #3 1999 #1 2010 #1 2003 #3 2011 #2 2001 #1 2012#1 2002 #12003B #12004 #12007#22007B #4 Monetary Policy 1996 #2 2005B-1 1997 #1 2007#2 1997 #3 2009 #1 1999 #1 2010 #2 2000 #3 2010B #2 2002 #1 2011 #1 2002B #1 2011 #3 2003 #1,2 2011B #2 2004 #1 2012#1 2004B #1 Crowding Out 1995 #2 Keynesian v. Classical thought 1995 #12004 #12007B #12010 #12011 #12011B#1 Inflation impact 1995 #11996 #12002B-12003 #12004B-12011B #3 Long run growth 1995 #12000 #12002 #22006 #32008 #12009 #22010 #12011 #1 4-X 1996 #2 2006 #1 1998 #3 2007#1 1999 #1 2006B #1 2000 #2 2007B #3 2001 #2 2012#3 2002 #3 2009 #2 2002B #3 2009B #3 2003B #1 2010 #3 2004 #2 2010B #2 2005B #3 2011 #2 Balance of Trade 1996 #2 2008 #2 1998 #3 2010 #3 1999 #1 2012#1 2001 #32002 #32002B-32003 #1,22003B-12004 #22005B #3 Multiple Expansion of $ 1996 #32001 #32004 #32006#22009 #32009B #22011#32012#2 Elasticity 1997 #1 Loanable Funds 1997 #1 2010B #1 2002 #2 2011 #2 2003B-1 2011B 1 2004 #22006 #22007#22006B #22007B #22008 #12010 #1 Circular Flow 1997 #22003B-1 Nominal – real interest rates 1997 #1 2011B #3 1998 #1 2012#1,3 1999 #22005 #12005B-22006#22007#22006B #22009 #12010B #2 PPF/comp. adv. 2003 #22003B-22004B-32005B-22007B #22008#32010B #12102#1 Phillips Curve 1999 #1 2010B #1 2001 #1 2011 #1 2003B-3 2011B #1 2004B-12005B-12006 #32006B #32008 #12009 #12009B #1 GDP 2007 #32011B#3 Inf Expectations 2009 #1 Bond prices/rates 2010#22011 #3

22 Frequently Tested Concepts in Micro FRQs 1995- 2011 Supply and Demand Grapsh 1995 #1 2010 #1 1998 #! 2010B #2 1999#12000 #32003#22004B#32004 #22005B#32005#22006B #3 Externalities 1995 #2 2011 #3 1992 #32001 #22002B #22002#22003 #12004 #12006 #32009 #12009 #2 Allocative (economic) efficiciency (MSC=MSB) 2004#1 2011 #3 2005 #1 2011B #2 2006 #32008#22009 #12009 #22009B#12010 #22010B #12011 #1 Relationship of P and MR1995 #31996 #31999 #32003 #22010B #12011 #1 MR = MC rule1995 #3 2004B#1 1996 #1,3 2004 #1,3 1997 #2 2005B #1,2 1998 #1,3 2005 #1 1999 #3 2006B #1 2000 #1 2006 #1 2001 #1 2007B #1 2002B #1 2008#1 2002 #1 2010 #1 2003B #3 2010B #1 2003 #1,2 2011 #1,2 2102 #1 Monopoly Model1996#1 2006B#1 1997 #2 Natural 2007A 1998 #3 2008 #2 natural 1999 #3 2009 #1 2000 #1 2010B #1 2003B #1 2011 #1 2003 #2 2012#1 2004B #12004#12005B #12006 #1 Price Discrimination1998 #32011 #1 Elasticity/TR test *cross elasticity* Income elasticity 1996#21998 #32000 #32004B #12004B #22005B #32008 #12009B2*2010B#32011 #12012#2 Perfect Competition Product market and firm, side by side 1995 #3 2006B #2 1996 #1 2007 #2 Labor 1999 #3 2008#1 2000 #1 2009 #1 2001 #1 2010 #1 2002B #2 2011 #2 2002 #1 2011B#1 2003B #12003 #12004 #12005B #2 Monopolistic Competition2002B #12007B #12009B #1 Market power1995 #1 Price Ceilings/Floors1996 #21998 #12001 #12002B #32006B #22008#22011 #12011B #3 Labor Market MRP=MRC rule 1997 #1 2006B#2 1998 #2 2007 #2 2000 #2 2010 #2 2001 #3 2010B #2 2002B #3 2011 #2 2002 #12003B#32003#32005B#12005#32005B #1 S & D analysis of tariff/world market2000 #32003B #22004 #3 2004 #22012#3 Consumer/producer surplus2002B#12003B#22003 #22004 #22006B #22009 #22010 #32012#3 Tax incidence2004B #22005 #22009 #2 Deadweight loss2003B #12005 #12010 #32011 #32012#1 Equimarginal principal2002 #320032008#22009B#22012#2 Oligopoloy/game theory2007B #22007 #32009 #32009B #3 Lump sum, Per unit tax/subsidy 2008#12009 #12009 #32009B #32011 #22012#1 Economies of scale2009B #1 Income effect2009B #2 Substitution effect2009B #2 MONOPSONY2011B3


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