ECONOMICS

Sue Weaver
rhsecon@yahoo.com
Sue Weaver was a teacher at King’s Academy in Madaba, Jordan, teaching both the AP Macroeconomics and Microeconomics courses from 2013 to 2018. She retired from teaching at Ramona High School in Ramona, California after 29 years where she developed the AP Economics program and was a member of the Palomar College Faculty in San Marcos, California, where she taught the Introduction to Economics course, the Macroeconomics course and the Microeconomics course. She had been a grader for the AP Economics Exam since 1997, having graded both Micro and Macro exams. She has received the Foundation for Teaching Economics National Teacher of the Year Award and been honored by the California Council of Economic Education as the California State Economics Teacher of the year. Sue is a consultant for the College Board and the International branch of the College Board, conducting one day workshops, two day international workshops and week-long institutes at various colleges in California and internationally. She is the co-founder of CASET (The California Association of School Economics Teachers) and has presented at the CASET Conferences and as well as workshops offered by the Federal Reserve.
AP* Seminars Silicon Valley
July 27 - 31, 2020  
Course Description 
 
The Summer Institute is designed to present an overview of both the Microeconomics and Macroeconomics Courses. The week will begin with general information about the College Board*, its website, resources and expectations for the course itself. The course will begin by looking at the basic concepts covered in both the  Microeconomics and Macroeconomics course. Microeconomics will be covered first, focusing on individual markets and how consumers and producers interact with supply and demand in both the product and factor markets. The theory of the firm will discuss both perfect and imperfect competition.  A transition will be made to Macroeconomics as teachers look at  the principles of the economic system as a whole. Special focus will be on national income and price determination and how economic problems are solved via Fiscal and Monetary Policies. Teachers will be able to participate in interactive lessons that enhance student learning of both Microeconomic and Macroeconomic concepts. Teachers will also be engaged in the process of grading Free Response Questions and be able to apply the College Board* Rubrics to exams that have been released by the College Board*.

Distance learning will be delivered both synchronously and asynchronously.  Participants will also have the opportunity to receive individual feedback during virtual office hours.

Technology:  Instruction will be delivered through Zoom.  Materials will be shared through Dropbox and access to a printer would be helpful since participants will have a “hands on” experience in completing worksheets that can be used in their classroom.

What to bring:  Participants should have the texts they will utilize in their AP Economics classroom. Participants  will be able to develop a calendar and lesson plans for the coming year.

Goals
•       To investigate the Course and Exam Description (CED) of the AP Microeconomics and AP Macroeconomics courses
•       To align the Economics CEDs with classroom practices
•       To develop lesson plans that can be used in the classroom
•       To network with colleagues and learn from each other.
•       To gain access to course resources

Agenda: 
 
Day 1  
• Introduction to CED materials
• Equity and Access
• Create calendar
• Develop Lesson Plans  Unit 1 Macro and Unit 1Micro
 
Day 2: Questions from Day 1
• Micro:  Marginal Utility, Unit 2 Supply an Demand, Unit 3 Theory of the firm,  Perfect Competition
• Supply and Demand Video ( Market in Computer Chips)
•  Complete CED Materials
• Homework worksheet on shifts of supply and demand, Perfect Competition
• Develop Lesson Plan on Microeconomics Unit 2 and 3
  
Day 3: Questions from Day 2   
• Microeconomics:  Theory of the Firm (cont) Unit 4
• Monopoly models
• Oligopoly
• Factor Market  Unit 5
• Market Failures Unit 6
• Develop Lesson Plans Unit 4, 5 and 6
 
Day 4: Questions from Day 3    
• Macroeconomics:  Economic Indicators Unit 2                                
• Aggregate Supply and Demand Unit 3
• Loanable Funds Market  Unit 4
• Federal Reserve and Money Market Unit 4
•Develop Lesson Plans Unit 2, 3 and 4
  
Day 5: Questions from Day 4
 • Stabilization Policies Unit 5              
• International Markets Unit 6
• Review Comparative Advantage
• Video: Interactive Exchange Rate
• Look back at 2019 Exam FRQs