1. Mr. Bernstein Class Outline September 2017
AP Economics
Mr. Bernstein
Class Outline
September 2017

2. AP Economics Mr. Bernstein
Overview
This is a course in theory and the economic way of thinking more than application-based course
First AP Econ course was offered in ,583 students took the Micro test and 3,198 took the Macro test.
In 2017, 41,321 students took the Micro test and 68,464 took the Macro test
Over 4,000 high schools offer AP Micro and over 4,900 offer AP Macro (vs 14,000 offering AP Calc and 13,000 offering AP US History)

3. AP Economics Mr. Bernstein
Overview
Average AP scores: A
65-80 B
50-65 C
40-50 D
2017 national mean scores were 3.00 and 3.19

4. AP Economics Mr. Bernstein
Course Goals
Explain Microeconomic principles such as supply and demand, laborers and wages, and market structures
Explain Macroeconomic principles such as unemployment, inflation, economic measurements, and the role of government in the economy
Understand how decisions by individuals and government affect the economy
Analyze economic models and draw conclusions from them
Attain the necessary knowledge and skills to successfully take the AP Economics Exam

5. AP Economics Mr. Bernstein
1. Course Outline
Marking Periods 1-2: Microeconomics
Unit 1: Basic Economic Concepts (2 quizzes)
Unit 2: Supply and Demand
Unit 3: Behind the Demand Curve: Consumer Choice
Unit 4: Behind the Supply Curve: Profit, Production & Costs
Unit 5: Market Structures: Perfect Competition & Monopoly
Unit 6: Market Structures: Imperfect Competition
Unit 7: Factor Markets
Unit 8: Market Failure and the Role of Government

6. AP Economics Mr. Bernstein
1. Course Outline, cont.
Marking Periods 3-4: Macroeconomics
Unit 1: Measurement of Economic Performance
Unit 2: National Income and Price Determination
Unit 3: Inflation, Unemployment and Stabilization Policies
Unit 4: The Financial Sector
Unit 5: Economic Growth and Productivity
Unit 6: The Open Economy: International Trade and Finance

7. AP Economics Mr. Bernstein
2. Resources
Textbook: Krugman’s Economics for AP, 2011, Ray and Anderson
Reffonomics.com and Grokkingecon.com
Council for Economic Education AP Economics Activities
Previously released AP Economics test questions
others

8. AP Economics Mr. Bernstein
3. Classroom Routine
Daily Structure
Behavior
Electronic Devices
Academic Integrity
4. Grading
50% Quizzes/ 25% Homework / 25% Class Participation
Quarterly Exams as per school policy
Quiz corrections, Extra Credit may be offered
MP4 may have only one quiz plus AP Exam prep activities
5. Makeup Policy
Tests and Quizzes must be made up following day
Plan ahead

9. AP Economics Mr. Bernstein
6. EI (Extra Instruction)
A. Before or After school – arrange with me
B. Extra effort will be considered
7. Additional Opportunities
A. Investment Club
B. DECA
C. Business Academy

10. AP Economics Mr. Bernstein
8. The AP Exams
Each test is 2 hours and 10 minutes
Test dates are Wed. May 16, 12 noon (Macro) and Fri. May 18, 8 am (Micro)
60 multiple choice questions (70 minutes)
3 Free Response questions, 1 long and 2 short (10 minute reading time plus 50 minutes to answer)
MC = 2/3 of grade
FRQ = 1/3 of grade
Average FRQ score is <50%

11. AP Economics Mr. Bernstein
9. Fire Drill Procedure

12. AP Economics Mr. Bernstein
10. Evacuation Procedure