AP Economics Resources

General

• Great Economic Lessons by Economic Education Web A variety of lesson plans on various economic topics

• Crash Course in Economics This series of videos explain course concepts to students; some videos include transcripts. 

Basic Economic Concepts

• Circular Flow Model A quick video that works through the circular flow model

• Production Possibilities Curve An Econedlink lessson

• Production Possibilities An explanation of Production Possibilites with hyperlinked terminology for struggling students.

• Comparative Advantage From Economics Online, this reading clearly explains and graphs out the concept.

• Law of Comparative Advantage An explanation with hyperlinked terminology for struggling students.

• Market Equilibrium From Economics Online, this is a clear description of Market Equilibrium.

• Demand and Supply: An Overview A clear description

• Simultaneous Shifts: Economics Full Sequence From Econ Open Course, this is a description of simultaneous shifts.

• Changes in Supply, Demand, and Market Equilibrium From Think Economics: Changes in Supply, Demand and Market Equilibrium, This clearly explains and graphs these concepts.

The Nature and Function of Markets

• Introduction to the Budget Constraint This explanation of Budge Constraint takes students through a process of determining utility maximization.

• Consumer Behavior From an open-sourced course from Brigham Young University, this reading discusses Consumer Behavior.

• Price Elasticity of Demand From Economics Online, This explanation of the concept includes text and video.

• Arc Elasticity A clear explanation of Arc Elasticity with hyperlinked vocabulary.

• Total Surplus General information about total surplus and welfare.

• Consumer and Producer Surplus General information about surplus and welfare.

• The Problems of Price Controls Article from the CATO Institute.

• Price Controls General information on the effects of controls on welfare.

• Tax Incidence General information on tax incidence.

• Tax Incidence General information on tax incidence with interactive graphs.

Theory of the Firm

• Costs of Production General information on the costs of firms. Includes tables and formulas.

• Firm Production and Costs General information on the costs of firms. Includes tables and formulas.

• Long Run Average Cost Very useful multi-page description of long run costs with interactive graphs.

• Market Structures Description of the different market structures including graphic illustrations.

• Market Structure Chart Chart depicting the market structures and how they answer important economic questions.

• Perfect Competition Definition, characteristics, and graphical analysis of the PC firm.

• The Perfectly Competitive Market Informative site with multiple graphs and explanation of important content.

• Perfect Competition Long Run Adjustment Informative site with multiple graphs and explanation of important content. Interactive graphs.

• Monopolies Definition, characteristics, monopoly formation and policy issues. Includes graphs.

• How a Profit-Maximizing Monopoly Chooses Output and Price Compare PC firms to Monopoly firm decision-making. Includes graphs.

• Game Theory Interactive site for teachers and students. Great resources for game theory practice.

• Oligopoly Definition, characteristics, indexes, measurements, graphing and collusion. Video, graphs, graphical illustrations.

• Monopolistic Competition Definition and characteristics. Video, graphs, graphical illustrations.

 Factor Markets

• Factor Demand Definition, characteristics, and graphs. Multiple pages from Factor Demand and Supply to Factor Analysis.

Measurement of Economic Performance

• The Bureau of Labor Statistics is useful for data for unemployment and CPI 

• The Bureau of Economic Analysis provides useful data for GDP 

• Teaching Economics Like People Matter: Sign of the Times This is a lesson examining GDP and GNP

• The Unemployment Game This lesson examines the definition of unemployment and related terms as well as the calculation of rates associated with unemployment

National Income and Price Determination

• Economics Classroom Videos on the Aggregate Demand and Supply curves

Financial Sector

• The Federal Reserve Bank of Philadelphia There are several lessons on this site for the characteristics of money and the function of the Federal Reserve Bank
• Why Does Money Have Value? The first two segments of this lesson examine why money has value and the historical development of money

Inflation, Unemployment, and Stabilization

• Snacks: The Monetary and Fiscal Policy Two Step This activity requires to distinguish between the two types of policies

Economic Growth and Productivity

• Foundation for Teaching Economics Examines economic growth and scarcity.

Open Economy: International Trade and Finance

• The Bureau of Economic Analysis provides useful data for trade and trade balance 

• Exchange Rates lesson that provides how to calculate exchange rates

• Why Does Money Have Value? The third segment of this lesson examines foreign exchange markets

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