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Discover AP Microeconomics: Engage in Critical Thinking and Decision-Making Simulations

Delve into the world of AP Microeconomics with Ms. Clevenstine in Room B212! Explore the importance of incentives, critical thinking, and graphing without the need for math or calculators. Understand how AP Micro evaluations work and the benefits of scoring 3, 4, or 5. Engage in a stimulating zoo-building game where strategic decisions are made within space limitations. Uncover economic concepts like scarcity, benefits versus costs, diminishing marginal utility, and opportunity cost through fun and interactive exercises. Analyze individual versus social benefits and the significance of marginal analysis. Challenge your decision-making skills and see how preferences can vary in a group setting. Prepare for an enriching learning experience that combines theory with practical application in a dynamic classroom environment.

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Discover AP Microeconomics: Engage in Critical Thinking and Decision-Making Simulations

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Presentation Transcript

  1. Welcome to AP Micro! Ms. Clevenstine Room B212

  2. What’s AP Micro all about? • Incentives, Incentives, Incentives! • May 14, 2009 • Critical Thinking • No Math, no calculators • Graphing!

  3. How did we do last year? • Scores go from 1-5. • 3,4,5 are considered passing. • The higher your score, the more schools will accept it for college credit.

  4. Let’s try a game: • Your group is building a new zoo. • You have to decide what animals to have. • Space is limited. You get 25 acres. • Take 15-20 minutes to make your selections, based on the next slide.

  5. Lion- 2 acres Turkey- 1/10 acre Giraffe-1 acre Seal- 1/2 acre Camel- 1/2 acre Cheetah- 1 acres Cow- 1/3 acre Monkey-1/2 acre Asian Elephant-1 acre African Elephant-1.5acres Reptile House-5 acres Hammerhead Shark-1/2 acre Kangaroo-1/2 acre Tiger- 1 acre Whales-3 acres House of Birds- 5 acres Zoo Choices-25 acres total! Numbers are acres required for ONE animal (hint: they don’t like being alone!)

  6. Questions: • Why didn't you put one of every animal in the zoo?"  • Scarcity • "Why didn't you put a turkey in your zoo?"  • Benefits vs. costs (too common) • "Why didn't you have a zoo with only monkeys?"  • Diminishing marginal utility • "Why did you choose an Asian elephant and not an African elephant?" • Benefits vs. costs- the Asian Elephant takes less land

  7. Questions: • "What is the last animal to make the cut for your zoo?"  • Marginal Analysis • "What is the animal that just missed the cut for your zoo?"  • Opportunity cost • "Did everyone in your group agree to include the ___?  • Would everyone in your group have made the same choices if they did it alone?"  • Individual benefits vs. social benefits

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