May 15, 2008

AP Econ ’08

Posted in Test Info at 4:56 am by davidprudente

Best of luck to my students and to all the other AP Economics students worldwide who are taking the Macro and Micro exams today.

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April 17, 2008

Capital Flow Chart

Posted in AP Exam, International Trade, Net Capital Outflow, Test Info at 7:00 pm by davidprudente

Interest

Rate

Capital

Flows

Demand for

Currency

Value of Currency

Imports

Exports

In

Appreciates

Out

Depreciates

Remember, This chart does not work for Capital Flight or Trade Barrier Scenarios

What happens when Interest Rates Change

Posted in AP Exam, Test Info at 4:55 pm by davidprudente

Here’s the written explanation for the Capital Flow Table:

Scenario I: Increasing Interest Rates.

As Interest Rates rise in the United States, Capital Flows In to the country because the higher interest rates are an incentive for foreign capital. As capital flow in to the nation, the Demand for the Dollar Increases, as demand for the dollar increases, the Value of the Dollar Appreciates. When the dollar appreciates, goods made in the United States appear more costly to domestic and foreign consumers. Therefore, Imports Increase while Exports Decrease.

Scenario II: Decreasing Interest Rates.

As Interest Rates fall in the United States, Capital Flows Out of the country because the lower interest rates are a disincentive for foreign and domestic capital. As capital flow out of the nation, the Demand for the Dollar Decreases, as demand for the dollar decreases, the Value of the Dollar Depreciates. When the dollar depreciates, goods made in the United States appear less expensive to domestic and foreign consumers. Therefore, Imports Decrease while Exports Increase.

December 16, 2007

Unit 3 Study Guide

Posted in Assignments, Test Info at 8:51 pm by davidprudente

Two industrious students put together study guides for unit 3 (chapters 22, 23, 24, & 26). Here’s the first version, and here’s the second version. Remember, the unit exam is on Wednesday.

October 18, 2007

Practice Free Response

Posted in Assignments, Test Info tagged at 7:37 pm by davidprudente

For those of you who were out on 10/18 and my 3rd period class, please download this practice free response question. It is required, if you do not have it on Monday you will not receive credit.

October 8, 2007

In-Class Free-Response Question

Posted in Test Info at 7:09 pm by davidprudente

Tomorrow I’ll be giving you another Free-Response question based on Supply and Demand. As I have said, memorize the factors that shift both supply and demand.

September 20, 2007

Exam Has Been Graded

Posted in Test Info at 8:15 pm by davidprudente

Well I’ve finished grading the Unit 1 Exam. The mean score for the Multiple Choice section ranged (for each class) between 17 & 18 out of 25. That’s pretty good. The mean score for the Free Response was 4.5 out of 9. Not bad; still room for improvement.

The top multiple choice score was 24/25. The top free response score was 9/9.

On Monday I’ll explain the grading when I hand back the exam. Do not ask for your score tomorrow. I only have raw scores right now and still have to convert them to the AP scale.

Articles for Homework

Posted in Test Info, Uncategorized at 3:14 pm by davidprudente

If you were out today or did not pick-up the articles I assigned for Friday (9/21) please follow the links I’ve provided. The first article is Iraq through China’s Lens and the second article is One Answer to Global Warming: A New Tax. Please be sure to answer the questions here.

You are expected to come to class prepared to discuss both articles. This is a good opportunity to earn some class participation points.

September 19, 2007

Unit 1 Exam

Posted in Test Info at 7:49 pm by davidprudente

To assist in your preparation for the unit 1 exam:

  1. Review your class and chapter notes.
  2. Review your text book.
  3. Consult the Barron’s study guide.
  4. Review Activity sheets.
  5. Take the on-line quizzes at the textbook website (links can be found in previous posts below).
  6. Be sure to review all material concerning The Production Possibilities Curve (or Frontier according to Mankiw)

Best of luck in your studies.

September 17, 2007

Unit Review

Posted in Test Info at 3:51 pm by davidprudente

Here’s a handy-dandy summary of the key terms and concepts from the first unit. As I said in class, the Unit Exam will be Thursday 9/20. Tomorrow, 9/18, I will give the County Exam as practice and I’ll count it as classwork.