AP MICROECONOMICS UNIT GRAPHS



AP MICROECONOMICS UNIT GRAPHS

UNIT #1: BASIC ECONOMIC CONCEPTS

Along with reflection papers, unit graph assignments will go along with each unit we complete. Being able to draw, label, and interpret the graphs is crucial to your success in the class and on the AP Microeconomics Exam.

Requirements of Unit Graphs:

1. Each graph that is listed on the sheet for that unit must be graphed.

2. Each graph should have a title above it that clearly identifies what it is. Ex.: Production Possibilities: Increasing Opportunity Cost.

3. Each graph must have the x and y axis clearly labeled.

4. Each axis must have numerical values.

5. Below each graph, there should be a short description of what this graph is used to illustrate (try to limit to 1-3 sentences).

6. The graphs must be hand-drawn, not computer generated.

7. Graph paper is preferred but if you don’t want to buy it you can make your own by inserting tables (probably 10 rows X 10 columns unless you want to make it bigger) into Word documents then printing them out. You are allowed to make your graph paper on the computer but the graphs themselves must be hand-drawn and labeled.

8. Graphs should be neatly drawn and labeled, not thrown together at the last minute.

9. Due dates will be announced as the appropriate units are completed.

UNIT 1 GRAPHS

1. Circular flow model

2. Marginal benefit/marginal cost

3. Production possibilities (3 separate graphs)

a. Constant

b. Increasing (per unit of good A or good B)

c. Zero

Unit graphs will go in the project category of your grade. There will be five during the semester, one per unit.

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