Monday, May 31, 2010

How to Calculate the Terms of Trade

Summary: Terms of Trade

A YouTube video is here. I have spent years trying to explain this subject to my students. I believe I have found a way to explain this concept easily so that any student can understand it. I will have a companion worksheet up soon. The College Board says calculating the terms of trade will be tested on the AP. Here's a way to effortlessly prepare your students. I hope you find it useful.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Saturday, May 29, 2010

St. Louis Fed | Education Resources | For Students | Podcasts

St. Louis Fed Education Resources For Students Podcasts

Summary: Here is a podcast on scarcity and opportunity cost. Milton Friedman is credited with the axiom, "There's no such thing as a free lunch."


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Mono Comp

Summary: pdf Google document on mono comp.

The link is here. This is a classroom worksheet to make your job teaching monopolistic competition a little easier. Students gain practice identifying profit max, total costs, profits, and x-inefficient point.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Wednesday, May 26, 2010

Social Media in Plain English



Summary:


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Wednesday, May 19, 2010

Money Market Worksheet

Summary: A worksheet to help students determine if the FED should buy or sell securities to eliminate a GDP gap.

The worksheet is here.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Monday, May 17, 2010

TI-83 Project--Unit Elasticity

Summary: How to make and interpret a unit elastic demand curve.

The Google document is here in pdf format. Also included is a review of the midpoint formula used on the AP Microeconomics exam.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Friday, May 14, 2010

All About Certificates of Deposits

Summary: Learning about CDs.

Here's a link to a nice visual on CDs. HT to Tim Schilling.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

TI-83 Project--MC and AVC

Summary: A 20 minute project that reinforces MC and AVC characteristics.

The Google document in pdf is here.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Tuesday, May 11, 2010

TI - 83 Project SR Supply

Summary: Use your graphing calculator to determine output for a perfect competitior.

The worksheet is here. I love this one.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Monday, May 10, 2010

Phillips Curve Practice

Summary: A worksheet that relates changes in AD and AS to the SRPC.

The link is here. The worksheet is loosely based on the 2009 AP Macroeconomics long essay problem plus what others have written on the College Board EDG.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Saturday, May 8, 2010

TI 83 Project--SR Costs

Summary: Down and dirty worksheet on SR costs for a TI-83.

The link is a Google Document here.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Wednesday, May 5, 2010

Powell Center for Economic Literacy

Summary: Call for lessons.

The Powell Center for Economic Literacy and the Federal Reserve Bank of Richmond are looking for a few GREAT teachers to participate in the expert teacher panel at the 2010 International Teachers' Conference for Advanced Placement Economics, taking place in Richmond, Virginia on November 14-16, 2010. Please review the criteria below and submit your teaching ideas, lessons and/or activities to address one of the following "tough topics to teach".
Microeconomics:Monopolistic competitionSubsidiesDemand price elasticity
Macroeconomics:Economic growthCapital formationReserve requirementsMoney supplyReal wages
Monetary policy and inflation:Phillips CurveReserve requirementsUnemploymentEach Proposal Must Include:•- Title of your presentation.- Area(s) of interest or concepts discussed (related to at least one of the desired topics).- 300-500 word description of how you teach this concept in your classroom.•- Feedback from your students about this lesson / activity.- A copy of the lesson plan / activity / handouts (including all categories in the Powell Center lesson template; see http://www.powellcenter.org/uploads/Growing%20Food%20Problem.pdf- Indicate if the lesson has received any awards or if it has been published.•
Teachers who are selected to sit on the panel will receive an all-expenses paid trip to Richmond for the conference (including registration). Hurry! All proposals must be received by Friday, June 4, for consideration. Please send proposals to Jenn Cornell at jcornell@powellcenter.org> or 804-741-2806 with any questions.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Loanable Funds PDF

Summary: Worksheet for rapid improvement on loanable funds.

The link is a Google Document. The worksheet is here. I classroom tested this today. I hope all errors have been removed. I received a lot of discussion on this worksheet. I felt this was one of the best lessons I wrote.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Monday, May 3, 2010

International Finance

Summary: Work your students will love.

Tariffs. Quotas. Exchange Rates.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Exchange Rates Worksheet

Summary:A down and dirty worksheet for teaching appreciation and depreciation.

The Google Document is here. I love this one.



About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
Sunday, May 2, 2010

International Finace--Quota Worksheet

Summary: What's better, a quota or a tariff? This worksheet explores a change in demand on revenues and prices.

The worksheet is here.

I still need to post answers. Sorry.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

International Finance--Tariff Worksheet

Summary: A worksheet that shows the effects of a tariff on price, consumer's and producer's surplus and more.

A worksheet is here.

This time of year is busy. I made this worksheet to teach the effects of a tariff on imported goods. Hope you find it useful.


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.