Elasticity

Describe a business that you might like to own and the major product that the business would produce.  Next, use the determinates of demand elasticity to predict and explain the elasticity of demand for that product.  Describe the pricing policy you would use to get consumers to maximize their expenditures on that product.  Word count: 200-250

The Economic Way of Thinking

Using the Economic Way of Thinking handout, discuss how three of the ways of thinking are applicable to your life. Your response should include examples and an explanation for each.

Welcome!

Welcome to AP Economics! You are about to embark on one of the most challenging and most rewarding endeavors of your academic career to date and I am thrilled to be your coach on the journey to economic literacy. The concepts we will study will be driven by the requirements established by the College Board and will arm you with the necessary skills to bring home the “AP Econ trophy” following the May 12th exams. I am approaching this as though we are truly a team working together toward the goals of not only succeeding on the AP exams, but of becoming informed citizens and future voters of America. I hope my excitement about this fascinating subject is contagious. Welcome to Team Econ and I look forward to a great year!