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Micro
Unit 3 (23,22,24,25,26,27)
Do not use activities 35 or 38
Day 1: 9/24
Hand Back Unit 2 Tests and go over the Free Response
Into to Unit:
Into Market Structure (Lesson 1)
ASSIGN: Read pp 267-274 for day
2
Day 2 and Day 3: 9/25 and 9/27
Lesson 1 (p.133 in APIP stuff)
Discuss the concept of revenue, costs and profit.
Go over definitions of
1) economic, implicit, explicit costs
2) normal/economic profit
3) short run/long run
4) Diminishing marginal returns
5) total, marginal, average product
Start Day 4 material if
time.
Read pp 274-282 for day
3
p. 285 #2 for day 4
act 25 for day 5
9/26 60 Minutes Video on
Greenspan (4th and 5th period only) No 2nd or 3rd period.
Day 4: 9/28
Go over definitions of
1) fixed, variable, total, average
variable, average total and marginal costs|
| Assign Act 26 for Day
6
Day 5: 10/1
| 2) Discuss Marginal Cost in terms of Variable costs
3) average, total and marginal revenue
Discuss any problems they may have up to
this time.
p 287 #9 for day 6
Day 6: 10/2
Do Act 27 (a-d) for day 7.
pp. 289-300 for day 7
Day 7: 10/3
Go over Lesson 3
Perfectly competitive market
Total Revenue - Total Cost approach
Day 8: 10/4
Test (50 points MC/FR)
Assign pp. 301-306 for Day 10
Day 9: 10/5
Lesson 3
MR = MC approach
Supply curve derivative of MC curve
Assign: p 308 #’s 5, 8 for day 11
Assign Act 27 (part E) for day 10
Assign: Act 28 for day
11
Day 10: 10/8
perfectly competitive situation with profit maximization, loss
minimization, and shut down.
long run situations : (Long run ATC curves).
Act 30 for day 12
Assign Ex. 33 for day 12,
Assign Ex. 34 old for day 12,
Assign Act 29 and 31 for day 13
Day 11: 10/9
Complete the coverage of long run situations
D ay 12 and 13: 10/10 and 10/11
Assign reading pp. 311-317 for day 14
Day 14: 10/12
Practice Free Response Questions
Day 15: 10/16
Cover change
in variable costs.
Present them AP exam question from 1991 number 2.
Day 16: 10/17
Monopoly
Assign: Students need to read p. 317-323
for day 17
Assign Act.32 for Day 17
Day 17: 10/18In Athens at GCSS
1992 #1, 93 #3, 94 #3, 1997 #2 and 1998 #3
Day 18: 10/19
Act 33 for day 18
34 and 36-39 for day 19
Cover Unit 3 Lesson 6 on regulating a monopoly
Assign reading pp 323-337 for day 19
Day 19: 10/22
Cover Consumer surplus, producer surplus, dead weight
loss and price discrimination
Read 372-386 for day 20
Day 20: 10/23
Go over monopolistic competition
Work on free response question #1 from 1996 and 1 from
2001. (Due for HW if not finished)
Assign P. 588 # 3 and 5 for day 21
Assign reading pp 345-346 for day 21
Assign Act. 40 for day 22
Day 21: 10/24
Go over 1997 #2 and 1998 #3
Assign free response question 2001 #1, #2 from 1992 and
#3 from 1999
Day 22: 10/25
Go over oligopoly
Act 41 for day 23
Assign Act 42 in class for day 24
Review
Day 23 10/26
Go over free response questions
Day24 10/29
Catch up and Review
Day 25 10/30
Multiple Choice Test
Day 26 10/31
Free Response Test
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