Welcome to Mr. Norris' AP Microeconomics homework/REVIEW site:
Welker's AP Micro Review:
Welker's AP Micro Review Materials
Also, Welker's Newest Resources page:
Resources for review AP Micro
An online practice test:
Practice Test with Answers on page 2
Here is our current 2011-2012 Syllabus:
2011-2012
AP Microeconomics Syllabus 2/22/12 revision
This is the website of the 18th edition of your textbook, McConnell/Brue 17th
Edition. The 17th does
not appear to be supported any more.
AP
MicroEconomics
Textbook Book Website
AP Micro FRQ's 2001-2010
FRQ's
and Answers 2001-2010
Links to FRQ's by concept:
FRQ's by
Concept 1999-2011
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AP Review #1 April 8: AP Review #1 Stuff
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The AP Micro Course Description, which includes a sample test:
AP Micro Course Description
AP Micro (and others) Format: AP Micro Format
Some review sites:
AP
Review site
AP Course
Notes
Another
Review
Site
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Here is Reff's section on the Lorenz Curve-
Reffono
mics Lorenz Curve and Income Distribution
Take a look at Funnel
Brain AP Micro
Green ranking system for construction: Green Ranking System for Construction
AP Problem Set 6
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British game show "Split or Steal"- Game theory? Split or Steal
Real life example of oligopolistic competition in action from the Wall Street
Journal last December 9:
Dirty Secrets In Soap Prices
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Friday, 2/10/12:
We will be in the computer lab. I would suggest using
Reffonomics link
but the other links below are also good.
Even Googling "Oligopoly" or "Game Theory" or "Game Theory Matrix" can find
interesting examples.
Also, William Spaniel's site: Game Theory
Site can offer useful links, and an excellent explanation of the
Prisoner's Dilemma with the first hyperlink. Beware, though, the later links
get into the mathematical side of game theory.
Check out his Nash
Equilibrium
for an excellent discussion of what is a Nash Equilibrium.
AP Micro Problem Set 5:
Problem Set 5
Also, I handed out the crossword from Reffonomics located at (Note: Hour 5
did
not receive the "down" questions-they are posted at the link below):
Mark
e
t structure crossword questions from Reff
Crossword
form from Reff
Game theory links:
Yale Game
Theory
Class
Learn from a Ninja-
Prisoner's Dilemma
Dilbert's Prisoner's
Dilemma
A Beautiful Mind-Ignore the blonde
Who Owns What in Media
Here are a few sites from class about Oligopoly and Monopoly:
Richard McKenzie on
Monopolistic Competition
I Love Lucy restaurant clip-
oligopoly?
Variety of
Mergers
Monopolistic Comp and Oligopoly
AP Problem Set 4- 2012
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Federal Reserve of St. Louis Monopoly lesson (used in class on Smartboard):
St. Louis Fed Monopoly Lesson
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Monopoly- Rockefeller History- Micheloud site:
John D. Rockefeller
Standard Oil History Website
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Perfect Competition video from class (mustached person)Perfect
Competition Graph Explanation video
Perfect Competition pages used in class:
Perfect Competition Characteristics
Market Structure Grids:
(used in class)Market
Structure Grid
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Another one:
Market Structure Comparison Grid
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Video from class: Marginal Revenue Product vs. Marginal Cost
Video from class: Long
Run Average Cost Curves
Tree Production Sheet: Tree Production--MRP vs MC
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Some of you have asked about the review APPS for smartphone that relate to AP
Micro.
I use Study by App AP
Economics
This costs $3.99, but imho, it is worth it as a review while on the go. There
are others, but I have not
found one as good as this one. (btw, I get nothing from them for this
"endorsement", so I am
impartial). If you find a good one, please let me know.
(((((((((((((((((((((((((((())))))))))))))))))))))))))))))))))))))
YouTube Econ "Stars"--Teachers/Professors with good reliable video posted:
mjmfoodie - Mary from a community college out west somewhere.
pajholden - Phil Holden, a professor in Greece.
dmateer - Dirk Mateer- professor at Penn State.
Mr. Clifford -- ACDCLeadership - the 60 second reviews from the AP instructor
at San Pasqual High School in California
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Two video links to indifference curve explanations:
mjmfoodie: Mjmfoodie's
Indifference Curve Explanation- pretty good
Phil Holden's Indifference Curve Explanation: Phil Holden Indifference
Curve Explanation
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1/20/12: From Class: Katy Perry Costs Analysis Katy Perry Cost of Production
Also, Problem Set 3: Problem Set 3
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1/9/12: This Week's Test 2 has officially been moved from 1/11/12- to
1/12/12,
to match the first date it was shown in the syllabus. Take Note, 5th and 6th
Hour!
.........................................................
1/6/12: We were in the computer lab today, working on Utility, DMU, and
reviewing tax incidence and deadweight loss.
Dirk has an interesting video or two on Utility:
Dirk on Marginal Utility
and DMU
Please try the 3rd FRQ from 2002 for Monday:
2002 FRQ #3- Diminishing Marginal Utility and DMU/$
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1/5/12: We went over answers to the 2nd Problem Set and discussed Tax
incidence and deadweight loss. Mr. N handed out an FRQ from 2005 FRQ
#2 2005-Consumre/Producer Surplus and Deadweight Loss
and used a video that calculated who pays the tax, the "Tax Incidence".
Dirk explains tax
incidence and deadweight loss
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12/20/11: Computer Lab
Price Floors and
Ceilings-Welker
Price Gouging and ceilings
Rent
Control-a
price ceiling
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.........................
Giffen Goods Definition
12/16/11: Mr. Norris lectured on Supply/Demand and shifts of both. The
powerpoint is here:Supply
Demand and Shifts
Mr. N also handed out the 2nd Problem Set, or part thereof.
2nd AP Problem Set- Supply and Demand
Also, an MIT site with help and ideas in economics: Frank's Economics on the Web-
MIT
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12/15/11: Supply and Demand: We will be in the Computer Lab today.
We can use www.reffonomics.com to do the Supply and Demand tutorial. Start
with the 2011 material "Change in Quantity Demanded" section and work your
way through it.
If you wish, you can do a healthcare supply/demand tutorial: Interactive Supply
Demand Tutorial
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12/13/11: We went through the answers to the 1st Problem Set. We reviewed PPF
Curves. We set up a seating chart. We discussed the test tomorrow.
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12/12/11: We discussed Comparative and Absolute Advantage and the Terms of
Trade concept.
Off-subject we discussed the San Francisco minimum wage increase to $10.24/hr
and why economists say that an increase in minimum wage causes increases in
unemployment. San
Francisco minimum wage increase
A useful video selection on Terms of Trade: Terms of
Trade
Link for problem set 1: AP
Micro Problem Set 1, 2011
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12/7/11:
We will be in the computer lab today, room 273. There I would like you to
experience Reffonomics, a site used by many AP teachers as a supplement to
their textbook.
Reffonomics website
Using the "2004-2009" side on Reffonomics, work through the "Basic Concepts"
section up through the Production Possibilities Curve IV. Since we may use
Reff's problem set for part of our first problem set, save that until it is
assigned.
Take and keep notes on what you did.
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Homework for 12/9/11:
Page 19 of textbook, # 2,3,5 -- write out answers.
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Jason
Welker-AP Teacher in Switzerland-Website with Key Questions
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