ECONOMICS with Mr. Snow
I wish health and safety to all families during this difficult time. Together, our community will persevere.
All students SHOULD join Remind for communication puproses during the closure. C.P. and honors students text @d7cdk9h to 81010. A.P. students text @acecdf to 81010.
CP and honors economics: Students should complete the (1) activities for April 2020, (2) unit 45 vocabulary and concepts worksheet, and (3) unit 6 vocabulary and concepts worksheet (all available for download here). Students received textbooks during the first week of the semester. The worksheets include page numbers for most concepts. The glossary contains the vocabulary.
AP microeconomics: A new series of webinars is available through YouTube. Here is a link to the microeconomics playlist: https://www.youtube.com/playlist?list=PLoGgviqq4847-M3z5bOgGoX1fWVshEsLL
Use the webinars to prepare for the AP exam. The College Board recently announced an important change: The AP exam will feature ONLY FRQ this year. NO multiple-choice questions.
Please continue to check this page throughout April.
If you have questions, please contact me using the email address above. I will respond to new messages by 3 PM each day.
C.P. & Honors Economics
Unit 45 will cover globalization, the movement toward a more integrated and interdependent world economy, and money and banking. Students will explore the balance of trade, absolute v. comparative advantage, the challenges, benefits, and arguments against interdependence, global institutions that promote trade, the development of modern currency, and the Federal Reserve System. The unit will begin Monday, March 9 and end Wednesday, March 25.
Unit Six: Market Failure and the Role of Government
Unit six will prepare students to understand the theoretical arguments for and against government intervention in markets. Students will examine the conditions under which markets may fail and the effectiveness of government policies that are designed to correct market failures. They will build on their understanding of efficiency and what it means for a firm to produce the socially optimal quantity or not. They will also learn about how inequality is measured and the sources of income and wealth inequality.