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The guide structures learning by weeks and units, connecting scarcity, opportunity cost, marginal analysis, incentives, supply and demand, elasticity, market competition, and globalization. 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Parrish A Tradition of Excellence  \nAP Microeconomics  \nCurricular Standards and Pacing Guide  \nGrade 12  \nAdopted from California State Standards and College Board (2012) http://apcentral.collegeboard.com/apc/Controller.jpf http://www.cde.ca.gov/be/st/ss/  \nPrepared by A. Morgan, Curriculum Coordinator  \n\n| Reference Number | Pacing\u003Cbr>guides | Sub-standard or standard if stand alone | Essential Question(s) or enduring understanding | Resources and Assessments |\n| --- | --- | --- | --- | --- |\n| AP Micro1 |  | Students understand common economic terms and concepts and economic reasoning |  |  |\n| AP Micro\u003Cbr>12.1.1 | Weeks 1-4 | Examine the causal relationship between scarcity and the need for choices. | Why can’t people have everything they want? How can we make informed choices? How can you illustrate the economic problem? | -Exercise 1.1 Pg. 9\u003Cbr>-Exercise 1.2 Pg.18\u003Cbr>-Exercises 1-10 pg. 20\u003Cbr>-Chapter 1 Test\u003Cbr>-Exercise 2.2, Pg. 48\u003Cbr>-Circular flow of the Economy Simulation\u003Cbr>-Quiz Ch.2 |\n| AP Micro\u003Cbr>12.1.2 |  | Explain opportunity cost, marginal benefit and marginal cost. | Do all individuals face the same opportunity costs? Is what I want worth the cost? How should people use what they have to get what they want? | Exercise 3.1 Pg.67\u003Cbr>Exercise 3.2, Pg.71\u003Cbr>Exercise 3.3, Pg.78\u003Cbr>Exercise 3.4, Pg.80\u003Cbr>Exercise 3.5, Pg. 84\u003Cbr>Exercises 1-11 pg. 86\u003Cbr>Chapter 3 Test |\n| AP Micro 2 |  | Students analyze the elements of the market |  |  |\n\n\n|  |  | economy in a global setting. |  |  |\n| --- | --- | --- | --- | --- |\n| AP Micro\u003Cbr>12.2.1 | Week 5-9 | Understand the relationship of the concept of incentives to the law of supply and the relationship of the concept of incentives and substitutes to the law of demand | What type of incentive might influence peoples´ decisions on the amount of products they demand?\u003Cbr>What type of incentive might influence businesses decisions´ on the amount of products or services they supply? | Demand & supply activity\u003Cbr>Exercise 4.1, Pg.97\u003Cbr>Exercise 4.2, Pg.104\u003Cbr>Quiz 4.1 and 4.2 Exercise 4 .3, pg 112\u003Cbr>Exercises 1-10 pg. 114\u003Cbr>Chapter 4 test |\n| AP Micro\u003Cbr>12.2.7 |  | Analyze how domestic and international competition in a market economy affects goods and services produced and the quality, quantity, and price of those products. | How has globalization affected the market supply, demand and prices of products? |  |\n| AP Micro\u003Cbr>12.2.2 |  | Discuss the effects of changes in supply and/or demand on the relative scarcity, price, and quantity of particular products. | How do price changes affect quantities bought by individuals and offered by businesses? How does the availability of products affects its price? | Exercise 5. 1, Pg.129 Exercise 5.2, Pg.134 Exercise 5.3, Pg.138 Exercises 1-10 pg. 140\u003Cbr>Elasticity task cards activity Chapter 5 test |\n| AP Micro 3 |  | Students analyze the influence of the federal government on the economy. |  |  |\n| AP Micro\u003Cbr>12.3.2 | Week 9-11 | Identify the factors that may cause the costs of government actions to outweigh the benefits. | What are the pros and cons of government distributions of the goods and services they provide? | Exercise 6.2, Pg.150 Exercise 6.3, Pg.153 |\n\n\n| AP Micro\u003Cbr>12.3.3 |  | Describe the aims of government fiscal policy (taxation) and their influence on production, employment, and price levels. | How can we determine the tax incidence and efficiency in markets? | Exercise 6.4 Pg. 160\u003Cbr>Ch. 6 timed writing quiz\u003Cbr>Exercise 8. 1, pg.199 Exercises 1-5 pg. 214\u003Cbr>Quiz lesson 8.1 |\n| --- | --- | --- | --- | --- |\n| AP Micro\u003Cbr>12.2.6 |  | Describe the effect of price controls on buyers and sellers. | How can the government influence the price of a product?\u003Cbr>To what extent should government become involved in markets? |  |\n| AP Micro\u003Cbr>12.3.1 |  | Understand how the role of government in a market economy often includes providing for national defense, addressing environmental concerns, defining and enforc","cbCaiu00m2PikFue","https://ap.wps.com/l/cbCaiu00m2PikFue","pdf",79209,"English","# Unit pacing and essential questions\n## Scarcity, choices, and opportunity cost\n## Incentives, demand, and substitutes\n## Market competition and elasticity\n## Government influence and fiscal policy\n## Price controls and property rights","[{\"question\":\"What enduring understandings does the guide emphasize for early units?\",\"answer\":\"It focuses on economic reasoning using common economic terms, explaining the link between scarcity and the need for choices, and defining opportunity cost, marginal benefit, and marginal cost.\"},{\"question\":\"How does the guide connect incentives to market concepts?\",\"answer\":\"It highlights how incentives relate to the law of supply and the law of demand, and how incentives can influence both consumers’ decisions on demand and businesses’ decisions on supply.\"},{\"question\":\"Which government-related topics are included in the pacing guide?\",\"answer\":\"It covers how government actions can outweigh benefits through their costs, fiscal policy aims (taxation) and effects on production and employment, tax incidence and efficiency, and the broader role of government in markets including consumer protection and property rights.\"}]","AP Microeconomics - Curricular Standards and Pacing Guide - Grade 12 | PDF",1790694142]